Bani Bahari is co-founder and CEO of OffCourt. She has spent the last 10 years in retail and beauty - in her past life she was a strategy consultant at Calvin Klein, Tommy Hilfiger and Glossier.
She comes from a family business in beauty. At OffCourt, she does all product development and operations.
Jonathan is a co-founder of OffCourt - he comes from management consulting background and real estate development and finance.
At OffCourt, he is in charge of finance, strategy and branding.
In This Conversation We Discuss:
- [01:11] Intro
- [01:53] The idea behind OffCourt
- [02:22] Testing the waters and taking risks
- [04:11] Establishing OffCourt’s branding
- [04:33] Prioritizing product development
- [05:19] Finding people to work with
- [06:03] Social media presence for a new business
- [06:28] Tying in with manufacturers early on
- [06:53] Venturing the market of fragrances
- [07:27] Importance of communication as a team
- [08:08] Launching products and managing expectations
- [08:34] The power of PR for a new business
- [09:46] The pressure of being new to the business
- [11:10] Success takes time and consistent efforts
- [12:54] Raising money and self-funding as a start
- [18:55] Testing out different PR strategies
- [19:48] Knowing when and how much to invest in marketing
- [20:43] Using customer’s touch points to sell your products
- [22:36] Finalizing things and reaching out to retailers
- [23:45] Pushing through to land a breakthrough
- [24:32] Facing the ambiguity of retailer’s conditions
- [26:50] Business don’t always go as planned
- [27:32] Having different mindsets in different situations
- [28:51] Keeping an open mind after every rejection
- [29:20] The importance of finding a good rep firm
- [30:40] Having the conviction to change plans when needed
- [30:53] Where to check out OffCourt
- [31:09] Discount code: honestcommerce15
Resources:
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