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The My Wife Quit Her Job Podcast With Steve Chou

416: Bootstrapping A 2 Billion Dollar Company With Spencer Jan Of Solo Stove

The My Wife Quit Her Job Podcast With Steve Chou

[email protected]

Marketing, Business, Entrepreneurship

4.81.4K Ratings

🗓️ 1 August 2022

⏱️ 55 minutes

🧾️ Download transcript

Summary

Today I have my friend Spencer Jan show. Spencer is probably one of the most successful e-commerce entrepreneurs that I have had on the show who bootstrapped his business from the ground up. He started Solo Stove with his brother which went on to have a billion-dollar valuation with multiple 8-figure exits. In this episode, Spencer walks us through what he did and his thought processes in creating his company. What You’ll Learn How Spencer got into ecommerce and how he created Solo Stove Why Spencer closed his 7 figure clothing brands to focus on Solo Stove How Spencer bootstrapped […]

The post 416: Bootstrapping A 2 Billion Dollar Company With Spencer Jan Of Solo Stove appeared first on MyWifeQuitHerJob.com.

Transcript

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0:00.0

You're listening to the MyWipeKitter.job podcast, the place where I bring on successful

0:03.4

bootstrap business owners and dig deep into what strategies they use to grow their businesses.

0:07.6

And today I have my friend Spencer Jan on the show, and I gotta say this right off the

0:11.3

bat.

0:12.3

Spencer is probably one of the most successful e-commerce entrepreneurs that I've had

0:15.6

on the show that have been completely bootstrapped.

0:18.6

He started solo stowed with his brother, which had a $2 billion valuation with multiple

0:23.4

eight figure exits, and in this episode we're gonna learn how he did it.

0:27.2

But before we begin, I want to thank Clavio for sponsoring this episode.

0:30.7

Always excited to talk about Clavio because they're the email marketing platform that

0:33.6

I personally use for my e-commerce store, and it depends on them for over 30% of my

0:37.5

revenue.

0:38.5

Now you're probably wondering why Clavio and not another provider.

0:41.5

Well Clavio is the only e-mail platform out there that is specifically built for e-commerce

0:44.9

stores, and here's why it's so powerful.

0:47.4

Clavio contract every single customer who has shopped in your store and exactly what

0:50.3

they bought.

0:51.3

So let's say I want to send out an e-mail to everyone who purchased a red handkerchief in

0:54.3

the last week.

0:55.3

Easy.

0:56.3

So I want to set up a special auto response sequence to my customers depending on what

0:59.4

they bought, piece of cake, and there's full revenue tracking on every e-mail sent.

...

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