Product Startup

044 - Turning customizable jackets into a multi-million dollar business, Elyse Daniels of Exodus Wear - The Product Startup: Product development for small business

03.14.2017 - By Kevin Mako of Mako Design + InventPlay

Download our free app to listen on your phone

Download on the App StoreGet it on Google Play

In 2009 Elyse took a niche idea for fully customizable jackets, inside and out and turned it into a multi-million dollar business. Exodus Wear now produces a range of custom apparel sold Australia wide to schools and sporting and community groups with plans for international expansion in the near future.

In this episode, we learn about

* How Elyse started the business - and made a mistake on her first order

* Why Exodus Wear does not use an online customization tool - and instead prefers to have students hand-draw their jackets designs

* Why Elyse isn't worried about competing on price

* Not starting a culture of discounting

* Validating the market and the benefits of having your cutomer design your product

* Working with manufacturers to get what you want

* Sourcing products from multiple manufacturers

* Dealing with incorrect orders at manufacturers and testing new manufacturers

* Using third-part quality assurance

* Consistency among multiple manufacturers

* Financially growing the business and asking manufacturers for better credit terms

* The ups and downs of entrepreneurship

* Bootstrapped marketing

* Cold calling businesses (with a live example)

* Handling objections during cold calls

* Not making the call sound like a script

* Keeping your objective in mind - setting up a date and time to meet

* Exodus' sales process

* New products

* Exodus Wear's overall growth as a company - starting the business and working part time and then growing the business full time

* Start working on your "10,00 hours" now

Links and resources mentioned in this episode

* Website: exoduswear.com.au

* Social Media

* Twitter: @ExodusWear

* Facebook: facebook.com/ExodusWearAU

* Instagram: instagram.com/exoduswear

More episodes from Product Startup