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SaaS Interviews with CEOs, Startups, Founders

EP 359: Hit $2m Revenue Buy/Sell Other Athelets Gear On Cheap with Brendan Candon of SidelineSwap.com

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6 β€’ 683 Ratings

πŸ—“οΈ 18 July 2016

⏱️ 20 minutes

🧾️ Download transcript

Summary

Brendan Candon, cofounder and CEO of SidelineSwap, a community market where athletes buy and sell their sports gear. Most of their users are middle school, high school, and college athletes selling online for the first time. They’ve got revenue and traction with gross sales running close to $2 million.

Famous 5:

Favorite Business Book? – High Output Management
What CEO do you follow? β€” Kevin Plank, founder of Under Armour
Favorite online tool? β€” Slack and Appear
Do you get 8 hours of sleep?β€” 7 – 10
If you could let your 20 year old self know one thing, what would it be? β€”β€œBe sure, with whatever you’re doing, that you can do it for five years.”

Time Stamped Show Notes:
02:22 – Nathan introduces Brendan
01:40 – SidelineSwap makes it easy for athletes to buy and sell sports gear.
02:25 – SidelineSwap was launched in 2012, and really took off in 2015
03:22 – The company takes 12 percent from the seller to make money.
04:33 – They didn’t make any money for the first couple years, but in 2015 they did $400000 in sales.
05:04 – They are now on track to do $2 million in sales
05:25 – The site is transactional and social.
06:15 – Average order value is $75 before shipping
06:30 – They have been growing about 15 percent each month, but they started growing by 50 percent
07:15 – Users are accustomed to the conditions of used sports gear, and it’s a smart route for parents.
08:30 – The site is for usable gear, but we also get gear sold for charity or signed gear.
09:47 – Instagram is their main account, and they have separate accounts for different sports.
10:34 – They get new followers by finding great content that kids enjoy.
11:39 – Their goal is to be the marketplace for athletes.
12:50 – Follow Brendan personally on Twitter @brendancanden or contact him through email at sidelineswap.com
15:18 – Nathan does the famous five

3 Key Points:
Be sure to look ahead for the next five years with your business.
Up your Instagram followers by finding great content for your audience.
Start a business that fills a niche, like SidelineSwap, which is an online marketplace specifically for athletes.
Resources Mentioned:
Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Freshbooks - The site Nathan uses to manage his invoices and accounts.
Leadpages – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible – Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.

Show Notes provided by Mallard Creatives

Transcript

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0:00.0

This is the top, where I interview entrepreneurs who are number one or number two in their industry in terms of revenue or customer base.

0:09.0

You'll learn how much revenue they're making, what their marketing funnel looks like, and how many customers they have.

0:16.0

I'm now at $20,000 per talk.

0:18.0

Five and six million.

0:19.0

He is hell-bent on global domination. We just broke our 100,000 units sold mark Five and six million. He is hell bent on global domination.

0:21.2

We just broke our 100,000 unit sole mark.

0:23.9

And I'm your host, Nathan Latka.

0:28.2

Okay, Top Tribe, this week's winner of the Hunter Bucks is Danielle Al-Soudini.

0:32.7

He's based overseas.

0:35.0

He's an employee at a current company and can't wait to break free. For your chance to

0:39.9

win 100 bucks, Top Tribe, simply subscribe to the podcast now and then text the word Nathan to 3344 to

0:47.0

prove that you did it. Again, text the word Nathan to 33444 to prove that you did it. I give away

0:53.1

100 bucks every Monday.

0:55.9

Top Tribe, this episode 359 of the Top.

0:59.1

Coming up tomorrow morning, you will hear from Cam and Ankin Miller.

1:02.3

There are two 33-year-old men selling baby products with a huge reorder rate at babymori.com.

1:09.9

Top tribe, good morning.

1:11.7

Our guest today is Brendan Cannon.

1:13.8

He is the co-founder and CEO of Sideline Swap, a 500 startups batch 17 participant.

1:19.7

Sideline Swap is a community marketplace where athletes buy and sell their sports gear.

1:24.3

Most of our users or their user are middle school, high school, and college athletes selling online for the first time. They've got revenue and traction with gross

1:31.7

sales running close to $2 million. Brendan, are you ready to take us to the top?

...

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