Born from an idea whilst searching for the best mascara to use to an app now with 80,000 products and 17,000 brands. Beauty Buddy was created by two sisters Wendy & Tracy and today Nicole chats with co founder Wendy Slattery on how they have created what they call the “Trip advisor” for beauty products, where consumers who have used the brands whether they love it or hate it they rate it. Which allows consumers and brands to get real feedback from real people. They discuss the initial research they did and how they engaged with people that really made them see that they had an idea that was viable and useful. To a whirlwind trip to New York drawing on every and any connection to meet advisors and investors, creating a minimum viable product without spending millions.

 

KEY TAKEAWAYS

 

• We’ve all been the overwhelmed customer going into a store. When Wendy and Tracy went into a store and asked the assistant if a makeup brush was worth the money, they were told “I don’t know, I only work here Saturdays”. The pair then went online and googled the item, all that came up was sites trying to sell the product, nothing about if it was good or not. So that’s when they thought wouldn’t it be great to just be able to scan a barcode and see relevant information on a product.
• From focus groups Wendy discovered that in terms of product reviews, people are least likely to trust reviews on the brands own website or store. When it comes to influencers reviews it was a balance between trusting some and not trusting others. The reviews that people trust the most are those given by a friend.
• The pair found success with their Facebook group for beauty product reviews but the problem was that it was impossible to keep track of. They found people asking the same questions weeks apart because the information they had got on the previous post was just too hard to find again.
• Never take no for an answer. You don’t open doors with one email, you need to be calling, LinkedIn messages, everything. Just be persistent.
• Beauty Buddy is currently valued at £3.6 million after the latest round of investment.

 

BEST MOMENTS

 

‘I’ve said yes to dates…but it’s in America!’

‘We know where we’re going. Either you’re interested in being on the journey with us or you’re not’

‘When you’re that small, you need to find investors who are passionate about the industry’

‘You will always make mistakes as a startup’

‘The worst you can do is fail’

 

EPISODE RESOURCES

 

https://www.thebeautybuddy.com

Instagram: www.instagram.com/thebeautybuddyapp

Tik tok: https://www.tiktok.com/@thebeautybuddy

 

https://proto.io/

 

VALUABLE RESOURCES

 

www.thebuyerandretailcoach.com

www.instagram.com/thebuyerandretailcoach

www.tiktok.com/@thebuyerandretailcoach

https://thebuyerandretailcoach.com/newsletter-sign-up/

 

ABOUT THE HOST

 

Buying & retail expert Nicole Higgins spent the last 18 years working for companies such as Primark, M&S, Debenhams and Asda, sourcing & developing products from all over the world, building strategies for blue chip businesses, and increasing bottom line sales and profit, adding over £40 million in incremental business to the bottom line.

Nicole now uses that experience and works as a consultant and coach for entrepreneurs and small to medium sized business owners, helping them start and scale their product businesses as The Buyer And Retail Coach (TM)

Join the Start Scale Succeed waitlist. How to start & scale a product business. A 12 Week programme: thebuyerandretailcoach.com/startscalesucceedwaitlist

 

CONTACT METHOD

 

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