Building A $100m E-commerce Business With Steven Bartlett | CEOCAST EP. 135

TL;DR

LCK Collective, a pre-loved luxury goods company, shares their journey from starting with only £1,200 to generating £6-7 million in revenue. They discuss their growth, teamwork, and the exciting partnership they made with entrepreneur Steven Bartlett.

Transcript

so from £1,200 to 6 to 7 million hello dragons my name is Ben and our company is looks Collective like we are not here thinking because we've turned over7 million that we know it all like we need someone to help lead us and what better way to do it than an inspiration of yours like Steven Bartlett 32 years of age he's grew a business at one point w... Read More

Key Insights

• 🈺 Building a successful business requires constantly learning and being open to new opportunities.
• 👻 Slow and sustainable growth allows for better control and adaptability.
• 🤩 Adding value and providing exceptional customer service can be a key differentiator in a competitive market.
• 🤗 Partnerships with experienced mentors can provide invaluable guidance and open doors to new opportunities.

Questions & Answers

Q: How did LCK Collective differentiate itself from competitors in the pre-loved luxury goods industry?

LCK Collective offered cleaning and authentication services, which were not commonly provided by others in the market. They focused on adding value to their products and creating a seamless customer experience.

Q: How did LCK Collective handle the challenges of starting a business with a limited budget?

Initially, the founders performed tasks such as photography, social media, cleaning, and dispatching themselves. They reinvested every penny earned back into the business and slowly expanded their team.

Q: Why did LCK Collective decide to appear on Dragons' Den?

The founders saw the opportunity to gain exposure and receive valuable guidance from successful entrepreneurs like Steven Bartlett. They were eager to learn and grow their business with the help of experienced mentors.

Q: How did the partnership with Steven Bartlett come about and how has it impacted LCK Collective?

The deal with Steven Bartlett was agreed upon on Dragons' Den, and they have since been working closely with him and his team. They have received advice, support, and valuable connections, which will contribute to their long-term success.

Summary & Key Takeaways

• LCK Collective started with a small investment of £1,200 and focused on selling pre-loved luxury goods, primarily footwear.

• They differentiated themselves in the market by offering cleaning and authentication services, adding value to their products.

• The team grew slowly and sustainably over time, constantly learning and improving their processes.

• They recently appeared on Dragons' Den and secured a deal with Steven Bartlett, finding inspiration and valuable guidance from him.