432: Melissa Kieling, Co-Founder & CEO of PackIt

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 20 June 2016

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's guest is a single mom of three children who – soon after a divorce, losing her house and losing her car – managed to focus on a brilliant idea that led to her becoming one of the country’s leading female business owners. Melissa Kieling is the inventor of Packit, the first foldable, freezable bag that chills food and drinks for up to 10 hours without an ice pack needed. Since 2009, Melissa has grown PackIt from a $150,000 company to a multi-million dollar business. In 2014, the company was named number 28 on the Inc. 500 as well as the number 1 fastest growing woman-led business on the list. In this episode we discuss how did Melissa make ends meet when she was launching this company? Also, how did she react to the skepticism surrounding her when launching this business? Today PackIt is in more 40 countries worldwide and at major US retailers including Whole Foods, Target, Bed Bath & Beyond among many others. As a budding entrepreneur how do you get your product in these major retailers? For more information visit www.somoneypodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money Money episode 432, Melissa Keeling.
0:03.4	You're listening to So Money
0:06.6	Gourou Farnoosh Karabi.
0:09.8	Each day, get a 30 minute dose of financial inspiration from the world's top business minds,
0:15.3	authors, influencers, and from Farnus herself.
0:19.6	Looking for ways to save on gas or double your double coupons?
0:23.2	Sorry, you're in the wrong place.
0:25.3	Seeking profound ways to live a richer, happier life.
0:28.8	Welcome to So Money is brought to you today by Wealthfront. Wellfront is the most
0:35.4	tax-efficient low-cost hassle-free way to invest. Now many of you I know are
0:40.3	interested in simplifying your investment strategy.
0:43.3	You want to reduce fees, you want to work with a service that you trust.
0:46.7	And Wealthfront delivers.
0:48.4	It builds and manages your personalized globally diversified portfolio.
0:53.1	To open an account, the minimum is just $500 and that gets you a periodically rebalanced diversified portfolio
1:00.4	of low-cost index funds.
1:03.0	There are zero trading fees, zero hidden fees,
1:06.0	and advisory fees that are just a fraction of traditional advisors.
1:10.0	In fact, Wealthfront manages your first $10,000 for free.
1:14.8	To learn more and sign up, visit Wealthfront.com forward slash So Money.
1:21.4	Welcome back to So Money, everyone. I'm your host,
1:23.8	Farnoosh Terabi. One of the requests I often get on the show is to bring on
	...

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