#LsmNYC Team - KaufmannMercantile

16
Products that will outlast you.

description

Winner of the "Most Sales from the Judges Award"

Transcript of #LsmNYC Team - KaufmannMercantile

Page 1: #LsmNYC Team - KaufmannMercantile

Products that will outlast you.

Page 2: #LsmNYC Team - KaufmannMercantile

store

Page 3: #LsmNYC Team - KaufmannMercantile

gimlet

Page 4: #LsmNYC Team - KaufmannMercantile

flask

Page 5: #LsmNYC Team - KaufmannMercantile

chemex

Page 6: #LsmNYC Team - KaufmannMercantile

Borosilicate blog

Page 7: #LsmNYC Team - KaufmannMercantile

MVP

100 curated goods

No categories

Blog

Page 8: #LsmNYC Team - KaufmannMercantile

Test Methologies

40 customers

7 responses

Page 9: #LsmNYC Team - KaufmannMercantile

Assumptions1. Finding quality products is annoying.

Page 10: #LsmNYC Team - KaufmannMercantile

Assumptions

2. Quality correlates to sustainability.

Page 11: #LsmNYC Team - KaufmannMercantile

Assumptions

3. Green retailers suck.

Page 12: #LsmNYC Team - KaufmannMercantile

Assumptions

4. Things that matter:- Durability- Uniqueness- Not mass-produced- Heritage- Made where company originates

Page 13: #LsmNYC Team - KaufmannMercantile

Learning

1. It works (Yeah!)2. “Unique”, “beautiful” & “long-lasting”

Page 14: #LsmNYC Team - KaufmannMercantile

Vision

- Go-to place for quality

- Mix products, media & educational content.

- 5000 products (no competitors)

Page 15: #LsmNYC Team - KaufmannMercantile

Next Steps

Scale the love.

Test what % of existing customers would be“very disappointed” if they no longerhad access to KM.

Page 16: #LsmNYC Team - KaufmannMercantile

Biggest problem to solve next

Focus on key metrics: activation andRetention.

Customer referral - figure out how tomeasure and improve.