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The $100 MBA Show

MBA2413 Business Breakdowns: True Classic- A New E-Commerce Brand Stealing Ideas

The $100 MBA Show

Omar Zenhom

Entrepreneurship, Business, Careers, Marketing

4.82.2K Ratings

🗓️ 8 January 2024

⏱️ 17 minutes

🧾️ Download transcript

Summary

Today, Omar breaks down the incredible journey of True Classic, an e-commerce brand that has not only disrupted the market but also stolen ideas from other industries to become one of the fastest-growing brands, making over a quarter of a billion dollars in revenue in just a few years.

Transcript

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0:00.0

Hey-oh, welcome to the $100 MBA show because a better business begins with you.

0:14.5

That's why we deliver practical business lessons.

0:17.8

I'm your host, your coach, your teacher, Omar Zenholm.

0:22.8

And today is a business breakdown episode. Business breakdowns are a new segment of the podcast where we break down

0:28.5

successful, innovative businesses doing amazing things in their market. I'll show you exactly

0:34.3

what makes them successful and how you can do the same in your business.

0:38.2

It's like a documentary, Had a Baby with an Online Course.

0:41.2

If you haven't listened to our first Business Breakdown, Virgin Voyages,

0:44.6

and how they reinvented cruising by being completely different,

0:48.8

make sure you listen to that episode after this one.

0:51.9

Today's Business Breakdown is True Classic, an e-commerce brand that is winning by stealing

0:57.2

what works in other industries.

1:00.1

By the end of this episode, you'll learn five compelling strategies that True Classic used

1:04.8

to become one of the fastest growing e-commerce brands, making over a quarter of a billion

1:09.7

in revenue in just a few years.

1:14.1

Founded in 2019, e-commerce brand True Classic was started by Ryan Barlett, the CEO of True Classic,

1:20.5

and two friends of his, Nick Ventura and Matthew Wenick. The three of them pooled their money

1:25.8

together to start True Classic with just $3,000.

1:30.4

They went to $100 million in revenue in just two years, bootstrapped and profitable.

1:37.8

But that's not the craziest thing about their story.

1:40.4

They got started the first two years by selling one product, solving one problem.

1:46.4

You see, most t-shirts look horrible on men, unflattering in the chest area and arms, and too tight around the belly.

...

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