How Oliver Built an $11M Business at 21?
By Brett Malinowski · 2023-05-04
Oliver's success story of building a $11 million business at 21 is truly inspiring. Despite starting with no social media following, his strategic TikTok marketing plan has led to immense success.
Oliver's Success Story
- Oliver's chocolate business is projected to achieve $11 million in sales this year, despite being started just 18 months ago without any social media following.
- He attributes his success to a strategic Tick Tock marketing plan, which is expected to generate over $4.5 million in profits this year alone.
- He chose to start a chocolate company due to his expertise in viral marketing and Tick Tock, aiming to create a product that would organically go viral.
- The idea for the business came from seeing a similar viral product on Tick Tock with massive engagement and realizing the untapped potential in the market.
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Oliver's Success Story
Success Story of a Chocolate Entrepreneur
- The entrepreneur found a chocolate manufacturer through Google and contacted multiple manufacturers to fulfill the order.
- Instead of inventing a new product, he repackaged popular natural supplements into a luxury chocolate experience.
- The entire process from idea to a sellable product took approximately 11 months, which included research and development.
- The entrepreneur doesn't have a personal warehouse; the products are shipped directly to a third-party logistics company for packaging and shipping to customers.
- The marketing strategy was intentional, focusing on creating viral videos to generate brand awareness and using TikTok's 'respond to comment' feature for retargeting.
- The viral video is not the main driver of sales; the follow-up videos responding to comments from the viral video have led to significant conversions and sales.
- The entrepreneur emphasizes that the sales come from the follow-up videos, addressing pain points, and directing viewers to purchase the product.
- Following a viral video, the strategy involves making multiple follow-up videos to capitalize on retargeting viewers from the original viral video.
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Success Story of a Chocolate Entrepreneur
How to Create Viral Content and Convert Customers
- The creator intentionally chose a proven viral product and used TikTok's algorithm to test which videos go viral, then implemented a retargeting strategy to convert views into paying customers.
- The strategy involved creating multiple branded accounts and having creators of all backgrounds make daily videos to increase the chances of a viral hit.
- The concept of user generated content (UGC) was utilized, allowing everyday people to create affordable content, and an affiliate program was set up to incentivize sales generated by the creators.
- The creator also discussed using specific software such as Klaviyo for email and a text messaging platform called One Text to manage the online store and facilitate purchases via text messages.
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How to Create Viral Content and Convert Customers
Key Points from 'How Oliver Built an $11 Million Business at 21' Video
- Oliver talks about the One Text system, which allows customers to vault their credit card information with one merchant and use it with other merchants using One Text without re-entering it.
- He mentions using post-purchase upsells, tools like Trello and Slack for business organization, and Social Snowball for streamlining affiliate and influencer processes.
- Oliver believes that success is not just about intelligence, but also about experience and intuition developed through that experience.
- He emphasizes the importance of gaining experience and learning from failures, stating that there are no shortcuts to success.
- Oliver's advice for aspiring entrepreneurs is to start a business that aligns with their skills and advantages, similar to how he leveraged his expertise in viral TikTok marketing.
- He encourages people to watch the full video for detailed insights into how he achieved his business success.
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Key Points from 'How Oliver Built an $11 Million Business at 21' Video
Conclusion:
Oliver's success story highlights the power of strategic marketing and leveraging social media platforms like TikTok. His journey serves as a valuable lesson for aspiring entrepreneurs on utilizing viral content to drive business success.