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The Foundr Podcast with Nathan Chan

321: Birchbox’s Katia Beauchamp On Scaling Relationships, Building Trust, And More

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8662 Ratings

🗓️ 25 August 2020

⏱️ 49 minutes

🧾️ Download transcript

Summary

In 2010, only 2% of beauty products were being sold on the internet. When Katia Beauchamp and her Harvard Business School classmate, Hayley Barna, came across this statistic, they were floored. This seemed like a huge missed opportunity—so they decided to dig deeper. What they discovered was that people were overwhelmed by the prospect of shopping for beauty products. With this problem in mind, Birchbox was created as the simple solution. The monthly subscription box contained a wide variety of beauty samples, and customers could buy the full size of whichever product they liked. In short, Birchbox made the beauty shopping experience easy for the casual consumer. Since the brand’s launch in 2010, Birchbox has grown to a nine-figure business that now has access to thousands of products, offers over 100 types of boxes for consumers, and has expanded globally. Listen to this podcast episode to learn more about Beauchamp’s thoughts on scaling relationships, building a trustworthy brand, and appealing to your target customer. If there’s any other type of content you’d like to see that would be valuable to you during this time, please don’t hesitate to reach out at [email protected]. Key Takeaways Why people weren’t shopping for beauty products online in the mid-2000s How this problem inspired Beauchamp and co-founder Hayley Barna to launch their beauty subscription box, Birchbox The idea of the “casual consumer” and how this demographic became Birchbox’s target customer Why Beauchamp doesn’t view beauty stores like Sephora or department stores as competitors How Birchbox launched its beta test in 2010, and what it took to grow its customer base Beauchamp’s thoughts on scaling relationships and building a trustworthy brand What Beauchamp is most excited about when it comes to the future of Birchbox

Transcript

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0:00.0

This is episode number 321 with Cartier Beauchamp of the Founder Podcast.

0:07.7

What you need is thirst.

0:09.5

You need to be a thirsty human who is intent on learning.

0:13.6

It's a really fascinating exploration of human potential.

0:17.2

Now, now, now, now, now, now.

0:20.3

The founder podcast. Even the greatest entrepreneurs had help if you want to learn from

0:26.5

the most successful founders on the planet you are in the right place branson mark cuban tony

0:32.2

robin jim ferris harriano humphington steve case gary v soph Sophia Amarosa, Barbara Corcoran, Damon John.

0:38.1

Learn from the greatest minds in business today

0:40.4

with interviews hosted by Nathan Chan.

0:42.6

This is not your average entrepreneur podcast.

0:46.3

The Founder Podcast.

0:53.4

Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let

0:59.5

you know that our goal at founder is to help entrepreneurs succeed however we can by giving

1:05.1

away high quality content in the form of interviews, blog posts, podcasts, YouTube videos, you name it.

1:12.0

We put out so much content to help you.

1:14.4

And another interesting project that we're working on right now is partnering with

1:18.4

world-class founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to

1:24.5

teach crucial skills like negotiation, finance, e-commerce, and so much more.

1:31.5

So if you'd like to get access to these free trainings with founders like this, which is 100% free,

1:38.5

just go to founder.com forward slash free.

1:41.7

Okay, so now let's talk about today's episode. What's going on, founder fam?

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