4.8 • 2.2K Ratings
🗓️ 8 January 2024
⏱️ 17 minutes
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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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