Podcast: Download
Nick Ramil has been sourcing products in China since 2010 after graduating from university. Recently he launched a Kickstarter to start Lexell Stone Watches and we chat about the advantages of having a sourcing background, finding inspiration from competitors, and getting idea validation on new business ideas.
Topics Discussed:
- Mastermind meetup in Austin, TX on 9/28/2014
- Building a brand vs. being a product sourcing agent
- How to do customer development in a new product niche
- How $6,000 funded the first sample watch for Kickstarter
- How to tactfully approach your network to share a Kickstarter project
- Dealing with Kickstarter chargebacks and cancellations
- Goal setting, idea validation, and playing the expectations game
- Finding different price points based on customer segments
- The best way to find new business ideas and projects
Mentions in the Episode:
- Original Grain
- Original Grain (Build My Online Store Podcast Interview)
- The Elevator Life
- Lexell Stone Watches
- Kickstarter of Lexell Stone Watches
- Enter China
- Rip Pivot Jam (from Tropical MBA)
- #BALLER Leather
Episode Length: 37:00