WEBVTT - Toy Making, Representation, and Securing Shelf Space w/ Yelitsa Jean-Charles

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<v Speaker 1>Afro tech World. Marie Sayris is the founder and CEO

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<v Speaker 1>at Bloom and Bloom Bespoke floral Design Studios. Needs in

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<v Speaker 1>the afro tech metaverse talking about a non tech these

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<v Speaker 1>guys to storytelling using social media in order to build

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<v Speaker 1>an audience and grow a business in today's climate. When

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<v Speaker 1>I went to college, I really was into the nuts

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<v Speaker 1>and bolts of how things work as opposed to like

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<v Speaker 1>the tech of how things work. However, since having a business,

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<v Speaker 1>I understand that a mass way to communicate to customers

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<v Speaker 1>and a great way to communicate with people period is

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<v Speaker 1>through social media through our phones, and I found that

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<v Speaker 1>Instagram was one of the major ways that I was

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<v Speaker 1>able to communicate to other people and to like take

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<v Speaker 1>something that is so the three dimensional on so um

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<v Speaker 1>hands on that track and three dimensional, and the way

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<v Speaker 1>it translates on camera, it really flattens out. And so

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<v Speaker 1>I wanted to figure out a way to still share

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<v Speaker 1>what I do and what I'm experiencing when I see

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<v Speaker 1>the person through photography and through that digital platform. I

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<v Speaker 1>love how visual Instagram is. I think it's so cool,

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<v Speaker 1>and so I wanted to contribute to that, and so

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<v Speaker 1>I use that as my portfolio. I am not a

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<v Speaker 1>tech savvy person, However I understand it's important and how

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<v Speaker 1>it's the way that one can have a viable business.

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<v Speaker 1>So that's been a really, really great active way to

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<v Speaker 1>have a portfolio and to like start to create your

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<v Speaker 1>own messaging. So that's something that I use constantly to

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<v Speaker 1>communicate ideas, what we're up to, what we're into, and

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<v Speaker 1>I think that has drawn of an audience that is

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<v Speaker 1>interested in what we do. I'm Will Lucas and this

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<v Speaker 1>is Black Tech, Green Money. I'm gonna introduce you to

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<v Speaker 1>some of the biggest names, some of the brightest minds

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<v Speaker 1>and brilliant ideas. If you're black, in building or simply

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<v Speaker 1>using tech to secure your back, this podcast is for you. You.

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<v Speaker 1>Lisa Gene Charles is the founder and CEO at Healthy

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<v Speaker 1>Roots Dolls, which makes toys that represent more diverse backgrounds.

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<v Speaker 1>A Detroit native, her dolls teach natural hair carried the

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<v Speaker 1>young girls of color through toys. One of the things

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<v Speaker 1>we talked about often in tech is the need for

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<v Speaker 1>representation in order to inspire other black youth to leverage

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<v Speaker 1>tech for generational wealth. Ask you, Lisa, why is so

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<v Speaker 1>important for representation with something so simple as toys. Yeah,

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<v Speaker 1>when I was studying illustration at the Round School Design,

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<v Speaker 1>I didn't really have an interest in toys. Haven't really

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<v Speaker 1>had an interest in toys since I was like four.

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<v Speaker 1>But uh, I did have an interest in social impact

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<v Speaker 1>and the work that artists do and the way it

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<v Speaker 1>can influence culture and conversation. And so for me that

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<v Speaker 1>meant researching and learning that toys actually have a huge

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<v Speaker 1>influence on how kids think, act and see themselves, and

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<v Speaker 1>so when children can't find products that look like them,

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<v Speaker 1>it can have a negative impact on their self esteem.

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<v Speaker 1>I also learned a little bit about the brown versus

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<v Speaker 1>Board of Education trial and the Mammy Clark doll test

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<v Speaker 1>and what role that played in children's self perception and

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<v Speaker 1>asking children how do you feel about this white doll

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<v Speaker 1>versus black doll, and having white children overwhelmingly abscribed negative

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<v Speaker 1>attributes to the black doll, but also having black children

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<v Speaker 1>do the same thing. And so we see how at

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<v Speaker 1>a young age people children can be socialized to have

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<v Speaker 1>these biases, and then thinking about, well, what can we

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<v Speaker 1>do and what can we create to counteract that? Far

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<v Speaker 1>too often, you know, because I have the arts, far

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<v Speaker 1>too often, you know, parents will say, you know what,

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<v Speaker 1>will they all feel? You know, well, it's just a doll,

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<v Speaker 1>you know, because we don't really see the impacts like

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<v Speaker 1>present day and may play out over a lifetime when

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<v Speaker 1>you are doing that research, like, how did you recognize that,

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<v Speaker 1>you know, creating the change for young girls and boys today? Um, Actually,

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<v Speaker 1>in your marketing strategy, how do you communicate that this

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<v Speaker 1>actually has an impact and it's important to be resolved

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<v Speaker 1>today versus waiting till they're older, you know, to try

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<v Speaker 1>to fix, you know, the perceptions that they have about

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<v Speaker 1>communities that they are part of. Actually, I don't think

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<v Speaker 1>we really include that in our marketing because people Our

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<v Speaker 1>goal is never to convince people that this product is important.

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<v Speaker 1>It's to present it to people that understand or that

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<v Speaker 1>are looking for it. You can't force people or force

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<v Speaker 1>feed them the understanding that this is our reality. Like

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<v Speaker 1>children are influenced by these things racists, real, prayer is real.

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<v Speaker 1>You can only resent them opportunities to purchase products that

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<v Speaker 1>might counteract that without them knowing. So we don't really

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<v Speaker 1>put that in our marketing. Our marketing is mainly just

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<v Speaker 1>look at this really great toy, kids love her. Here's

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<v Speaker 1>what she teaches them to do, and then you know

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<v Speaker 1>what under the surface of that, this is the potential

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<v Speaker 1>long term impact that you might see. You know. I

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<v Speaker 1>love that response because it plays into so many different verticals.

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<v Speaker 1>I was having a conversation UM and I wasn't I

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<v Speaker 1>didn't prepare us. But you made me think about the

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<v Speaker 1>conversation I had with Dr Key Holman, who runs UM

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<v Speaker 1>the Market in Atlanta, and I was talking to her

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<v Speaker 1>about how I don't particularly subscribe to, you know, support

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<v Speaker 1>our businesses. I feel like I want to create value.

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<v Speaker 1>And if you see value, then like we don't support Walmart,

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<v Speaker 1>we don't support Target, like we go shop there because

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<v Speaker 1>they have the things that we need. And so I

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<v Speaker 1>wonder what your perspective is on because you just talked

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<v Speaker 1>about you don't you you don't try to sell a narrative.

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<v Speaker 1>You're trying to create something hopefully people see value. What

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<v Speaker 1>do you say to that perspective? Because I'm very interested

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<v Speaker 1>in this. I don't I never want to just go

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<v Speaker 1>around and say, hey, come buy my thing because I

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<v Speaker 1>need your support. No, I think it makes sense. I

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<v Speaker 1>always believe that you have a company if you people

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<v Speaker 1>are buying your product, and if you are not buying

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<v Speaker 1>your product. You don't have a company, and there's nothing

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<v Speaker 1>you can say or do to make people buy something

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<v Speaker 1>if they don't want to buy it. They're not gonna

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<v Speaker 1>people are gonna buy something just because you're black, just

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<v Speaker 1>because you're a woman. They're gonna buy it because you

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<v Speaker 1>are those things and they value that, and they also

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<v Speaker 1>love your product. And so I believe in letting the

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<v Speaker 1>products speak for itself. And if you also think that

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<v Speaker 1>the story behind the person who built it is great, awesome,

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<v Speaker 1>but that's not what's going to make you. That's not

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<v Speaker 1>what my goal is to make you buy this product.

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<v Speaker 1>My goal is for people who identify with the value

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<v Speaker 1>to purchase it. So let's go a step further there,

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<v Speaker 1>you know, because you're not trying to sell people who

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<v Speaker 1>you know, may not, you know, prescribe to that idea.

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<v Speaker 1>But there's also hundreds of other dolls you know that

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<v Speaker 1>maybe of color. What separates healthy roots dolls apart from

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<v Speaker 1>the pack when you're not trying to necessarily sell a

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<v Speaker 1>narrative it's a healthy Roots doll. The other dolls are

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<v Speaker 1>healthy that. I think it's interesting because people are like, oh,

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<v Speaker 1>how are you different? Or so and so could could

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<v Speaker 1>do this. It was like they could, but they're not,

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<v Speaker 1>and they can't. That's our product. But the other thing

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<v Speaker 1>is I don't necessarily see this competition because there's no

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<v Speaker 1>child that only has one doll. We just created another

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<v Speaker 1>option for you, and if you add Zoe to that

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<v Speaker 1>club of toys, awesome. We often see products that target,

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<v Speaker 1>you know, black consumers, whether it be black children, black adults,

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<v Speaker 1>or whatever, and they often, too often I think they

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<v Speaker 1>are lame attempts, likely designed with the idea that we're monolithic,

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<v Speaker 1>you know, sometimes designed with stereotypes um to thinking about

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<v Speaker 1>toys we don't or before healthy roots, like we haven't

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<v Speaker 1>had many that reflected shade well, um talls that were

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<v Speaker 1>very dark, dolls that were very light, like how do

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<v Speaker 1>you find, you know, dolls that represent the spectrum you

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<v Speaker 1>know of black people. Why do companies still to this

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<v Speaker 1>day have such a hard time with this. I don't

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<v Speaker 1>know if that's true, because I see so many different

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<v Speaker 1>toys that I even now I am collecting. If I

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<v Speaker 1>see something on the shelf, like I'm grabbing it, like

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<v Speaker 1>I just saw in contest from Disney, they release those

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<v Speaker 1>dolls Raya, the Last Dragon, They released dolls for those characters.

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<v Speaker 1>So I think it's more so it's not that they

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<v Speaker 1>don't exist, it's that people can't find them. Okay, then

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<v Speaker 1>that's probably my case. But no, that's another thing. Why

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<v Speaker 1>are these products not widely distributed? Why are people not

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<v Speaker 1>aware of the products that exists out there? Why do

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<v Speaker 1>they have to have an ad be shown to them

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<v Speaker 1>first before they know it exists? Why is it not

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<v Speaker 1>on every Walmart shelf? Why is it not in every store?

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<v Speaker 1>Why is it not equally as distributed as the non

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<v Speaker 1>parents of color? So let's talk about distribution, you know,

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<v Speaker 1>because we're moving into a world because I wanted to

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<v Speaker 1>talk to you about how about getting on a store shelf?

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<v Speaker 1>And I wonder if you think do we still need

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<v Speaker 1>to be on store shelves? Or is direct to consumer

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<v Speaker 1>a valid distribution channel for startup toymakers. I think d

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<v Speaker 1>TWOC is a great channel. But it's also marketing. So

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<v Speaker 1>if you're not able to market a product and build

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<v Speaker 1>an audience and know how to speak to that audience

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<v Speaker 1>and utilize all the tools in order to get your

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<v Speaker 1>ads in front of the right people, build your email

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<v Speaker 1>marketing funnel, build the right website, you're not going to

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<v Speaker 1>succeed in that space. It's very challenging. You have to

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<v Speaker 1>have all the right tools, all the right approaches. But

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<v Speaker 1>it's great when you get it right. It's the way

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<v Speaker 1>so many brands have been able to launch themselves and

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<v Speaker 1>then establish with retailers. It's how a lot of you know,

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<v Speaker 1>underestimated founders get their products into the market in the

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<v Speaker 1>first place. But they also have the tools and resources

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<v Speaker 1>to do so, or they have to figure it out.

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<v Speaker 1>So I totally believe in direct consumer channel. I love it.

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<v Speaker 1>It's great. It's a marketing effort for sure, but it's

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<v Speaker 1>not the only way. It's a great way to start.

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<v Speaker 1>And I was just um, took my keys to watch

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<v Speaker 1>in Conto, and I get why they want those toys

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<v Speaker 1>because they were just on the big screen. You know,

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<v Speaker 1>these sorts of things. How do you if you were

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<v Speaker 1>building healthy routes over today in the world of Snapchat,

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<v Speaker 1>in the world of TikTok, in the world of roadblocks.

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<v Speaker 1>You know, I I tweeted this on a couple of

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<v Speaker 1>weeks ago that I believe roadblocks is like the LinkedIn

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<v Speaker 1>for kids, Like that's how they go and they meet

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<v Speaker 1>people and they see what they did because they got

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<v Speaker 1>this backpack full of these virtual toys in their metaverse.

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<v Speaker 1>So how do you build demand for toys when we

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<v Speaker 1>are so used to, at least in the day I

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<v Speaker 1>grew up, if it was on TV, that's what I wanted,

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<v Speaker 1>And it's not maybe so much the case of that anymore.

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<v Speaker 1>Is that correct from my well, I know from my

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<v Speaker 1>experience that it's grown organically. So it's a lot of storytelling,

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<v Speaker 1>it's a lot of organic marketing, you know, sharing your story,

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<v Speaker 1>doing the podcast, going to the events, creating your content

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<v Speaker 1>and sharing it online with an audience, and then people

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<v Speaker 1>organically deciding to say, hey, I found this thing, you

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<v Speaker 1>should totally check this out for your kid, and then

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<v Speaker 1>you know, earned media. But that that's a slow build,

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<v Speaker 1>and I think that's something that people forget when they

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<v Speaker 1>can look at a company like Healthy Roots. Oh wow,

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<v Speaker 1>this happened so quickly. It's like no, I started in

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<v Speaker 1>class and that was like five years of developing the

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<v Speaker 1>first product, getting building a lot of organic relationships that

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<v Speaker 1>have helped us help to make it a bit easier

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<v Speaker 1>to get those those big published gigs, getting into you know,

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<v Speaker 1>being nominated for Toy of the Year, last year and

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<v Speaker 1>things like that, and so I say that I think

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<v Speaker 1>it's really valuable to focus on organic, so organically having

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<v Speaker 1>kids find your product and clicking with it because you

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<v Speaker 1>sent it out to a bunch of influencers and they

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<v Speaker 1>all did YouTube reviews and now all the kids know

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<v Speaker 1>about it and things like that. They're telling their friends.

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<v Speaker 1>It's incredibly valuable. Do you think there's a day where

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<v Speaker 1>you might you know, have the dolls as care there's

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<v Speaker 1>on TikTok. I think that's such a concept. Um. I

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<v Speaker 1>think that also costs a lot of money. You go,

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<v Speaker 1>I love it. Just that's it. You know, if I could,

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<v Speaker 1>if I could do everything, I would do everything for sure.

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<v Speaker 1>Like it's some because so many of our people and

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<v Speaker 1>I want to talk about you know how you funded

0:12:23.120 --> 0:12:24.760
<v Speaker 1>this in a little bit, but so much so many

0:12:24.760 --> 0:12:28.080
<v Speaker 1>of our people have these remarkable things. Um. But you know,

0:12:28.280 --> 0:12:30.680
<v Speaker 1>having the fuel in the tank is can be an issue.

0:12:30.800 --> 0:12:33.960
<v Speaker 1>So you just talked about the the idea that this

0:12:34.040 --> 0:12:36.720
<v Speaker 1>wasn't this was not fast for you, But how do

0:12:36.840 --> 0:12:40.319
<v Speaker 1>you know, Let's say you're the toymaker, you're a kid's

0:12:40.400 --> 0:12:43.240
<v Speaker 1>book publisher, and you're doing this out of your kitchen

0:12:43.320 --> 0:12:46.680
<v Speaker 1>or your garage and it's year three and you went

0:12:46.760 --> 0:12:50.600
<v Speaker 1>from selling twenty to two hundred. Like, that's not like

0:12:50.640 --> 0:12:53.800
<v Speaker 1>a huge amount of growth over a period of time,

0:12:53.840 --> 0:12:55.280
<v Speaker 1>not at least not in the world that we talk

0:12:55.320 --> 0:12:58.600
<v Speaker 1>about of scale. But how do you know that it's

0:12:58.640 --> 0:13:01.600
<v Speaker 1>worth it to keep going? What are the indicators you're

0:13:01.640 --> 0:13:05.640
<v Speaker 1>looking for? I mean those indicators are metrics that you

0:13:05.679 --> 0:13:07.920
<v Speaker 1>define for yourself. So if you told yourself in a

0:13:08.000 --> 0:13:10.600
<v Speaker 1>year that you're going to hit these sales goals and

0:13:10.640 --> 0:13:12.640
<v Speaker 1>these are these are the strategies you're gonna implement to

0:13:13.000 --> 0:13:16.360
<v Speaker 1>hit those goals, and then you don't, you gotta decide

0:13:16.400 --> 0:13:18.200
<v Speaker 1>do I keep going or do I try something else

0:13:18.240 --> 0:13:21.360
<v Speaker 1>and see how that impacts my goals for the next year.

0:13:21.840 --> 0:13:26.080
<v Speaker 1>So you set your own pace, you set your own

0:13:26.120 --> 0:13:29.319
<v Speaker 1>factors that determine success, and if you don't hit those factors,

0:13:29.360 --> 0:13:31.360
<v Speaker 1>then I guess that's how you make your decisions whether

0:13:31.440 --> 0:13:34.160
<v Speaker 1>or not to keep going. Yeah, I was talking to

0:13:34.520 --> 0:13:40.080
<v Speaker 1>a fashion designer a few episodes ago about getting celebrity backing,

0:13:40.160 --> 0:13:42.839
<v Speaker 1>like somebody to an influencer to to wear your stuff,

0:13:42.840 --> 0:13:45.720
<v Speaker 1>and how much of an impact that is required in

0:13:45.800 --> 0:13:49.160
<v Speaker 1>order to build uh a label that you know people

0:13:49.200 --> 0:13:52.640
<v Speaker 1>want in desire, And I wonder, because you mentioned this,

0:13:52.720 --> 0:13:55.360
<v Speaker 1>getting influencers, you know, getting it in their hands and

0:13:55.360 --> 0:13:57.679
<v Speaker 1>getting them to talk about it. Um could be an

0:13:57.720 --> 0:14:00.760
<v Speaker 1>important you know, road and a venue for you know

0:14:00.840 --> 0:14:03.360
<v Speaker 1>you to build demand for your things. Can you talk

0:14:03.400 --> 0:14:06.080
<v Speaker 1>about some strategies that may have worked for you or

0:14:06.080 --> 0:14:09.439
<v Speaker 1>that you've seen work with regard to toys and dolls

0:14:09.480 --> 0:14:12.280
<v Speaker 1>and novelties to being able to get people to pay

0:14:12.280 --> 0:14:16.280
<v Speaker 1>attention to talk about your things on their channels. Yeah,

0:14:16.640 --> 0:14:19.840
<v Speaker 1>I think one of the brands that has the money

0:14:19.840 --> 0:14:25.040
<v Speaker 1>to do this. Um leal Surprise is this major. I mean,

0:14:25.520 --> 0:14:27.720
<v Speaker 1>you already know your kids already have them, don't pay Yeah,

0:14:27.760 --> 0:14:32.760
<v Speaker 1>they already do, yes, yeah yeah, but LLL Surprise has

0:14:32.840 --> 0:14:37.160
<v Speaker 1>taken how our attention has changed and also recognizing how

0:14:37.360 --> 0:14:41.560
<v Speaker 1>short children's attention is on products by creating these little

0:14:41.640 --> 0:14:45.920
<v Speaker 1>just like scared like scarcity moments with these different little products,

0:14:46.520 --> 0:14:48.880
<v Speaker 1>and it literally is the way that kids brains work.

0:14:48.960 --> 0:14:52.400
<v Speaker 1>It's that like hit of like opening something, getting all

0:14:52.400 --> 0:14:54.520
<v Speaker 1>these little different things and then like being able to

0:14:54.520 --> 0:14:57.720
<v Speaker 1>go buy another one. And they're not expensive, they're not expensive.

0:14:57.760 --> 0:15:00.640
<v Speaker 1>They're fairly priced for all these little pieces. And it's

0:15:00.680 --> 0:15:04.800
<v Speaker 1>like wow, and and it creates collectibles for you know,

0:15:04.840 --> 0:15:08.120
<v Speaker 1>the older demographic of people who participate in doll collection

0:15:08.160 --> 0:15:10.480
<v Speaker 1>and things like that, and they trade these things. And

0:15:10.520 --> 0:15:14.080
<v Speaker 1>they also use celebrities like Cardi b who have kids.

0:15:14.160 --> 0:15:17.240
<v Speaker 1>They might not be always family friendly characters, but they

0:15:17.280 --> 0:15:19.720
<v Speaker 1>have children who love these things and throw birthday parties

0:15:19.760 --> 0:15:23.040
<v Speaker 1>for them. So it's like the scarcity combined with the visibility,

0:15:23.120 --> 0:15:26.760
<v Speaker 1>combined with the fun play pattern, it's a hit. I'm

0:15:26.840 --> 0:15:29.040
<v Speaker 1>not my brain has not moved past where you talked

0:15:29.040 --> 0:15:31.120
<v Speaker 1>what we talked about the animation and having like the

0:15:31.280 --> 0:15:34.800
<v Speaker 1>TikTok you know, virtual star of a Healthy Roots doll.

0:15:35.320 --> 0:15:38.320
<v Speaker 1>Because I think about Barbie and then all the verticals

0:15:38.360 --> 0:15:41.560
<v Speaker 1>Barbie has moved into, whether it be you know, Barbie

0:15:41.560 --> 0:15:44.520
<v Speaker 1>comic books, and there's Barbie posters, and there's Barbie stickers

0:15:44.600 --> 0:15:48.200
<v Speaker 1>that you can and all of these different things. What

0:15:48.200 --> 0:15:53.320
<v Speaker 1>what are low hanging fruit verticals that Healthy Roots could

0:15:53.320 --> 0:15:56.240
<v Speaker 1>go into, should just the right partner come along. I guess,

0:15:57.000 --> 0:15:59.400
<v Speaker 1>I'm I guess. My question is probably more so of like,

0:15:59.480 --> 0:16:02.040
<v Speaker 1>what is if you were to grow one point five

0:16:02.120 --> 0:16:06.040
<v Speaker 1>times your girl today? What are the key things that

0:16:06.080 --> 0:16:08.960
<v Speaker 1>would need to happen for your target audience what I

0:16:08.960 --> 0:16:11.120
<v Speaker 1>would imagine, and you can correct me. It's like an

0:16:11.120 --> 0:16:14.360
<v Speaker 1>eight to fifteen year old. Eight to fifteen year olds

0:16:14.360 --> 0:16:18.400
<v Speaker 1>my target audience. I'm asking right now, I'm asking, what's

0:16:18.520 --> 0:16:21.800
<v Speaker 1>what's your target? No, it's six six six to that.

0:16:21.840 --> 0:16:26.440
<v Speaker 1>I was too far off, too far off. I don't

0:16:26.440 --> 0:16:28.520
<v Speaker 1>see the fifteen year olds walking around. If you see

0:16:28.520 --> 0:16:29.960
<v Speaker 1>a fifteen year old with one of my dolls with

0:16:29.960 --> 0:16:34.280
<v Speaker 1>a matching app, please taking because because I see healthy,

0:16:34.360 --> 0:16:37.760
<v Speaker 1>Because representation has not been there, I think there's an

0:16:37.760 --> 0:16:39.920
<v Speaker 1>opportunity here. Now we we off on a whole different thing.

0:16:39.960 --> 0:16:42.240
<v Speaker 1>Like I'm I feel like there's a bigger market play

0:16:42.320 --> 0:16:45.760
<v Speaker 1>for you versus like other dolls, because we haven't had

0:16:45.800 --> 0:16:53.000
<v Speaker 1>that representation with young girls who see themselves physically animated.

0:16:54.120 --> 0:16:58.080
<v Speaker 1>You know, and that girl, that girl probably missed seeing

0:16:58.080 --> 0:17:01.640
<v Speaker 1>because we talked about distribution. I go down the aisles

0:17:01.640 --> 0:17:03.920
<v Speaker 1>of target again. I talked about I don't see a

0:17:03.920 --> 0:17:06.080
<v Speaker 1>bunch of shades, and so maybe I'm in the wrong

0:17:06.160 --> 0:17:11.760
<v Speaker 1>target And that's probably valid. You know what I see potentially,

0:17:11.800 --> 0:17:14.000
<v Speaker 1>and I'm in My oldest is eleven. So we'll figure

0:17:14.040 --> 0:17:17.520
<v Speaker 1>this out in four years. If she still wants to representation.

0:17:18.040 --> 0:17:20.680
<v Speaker 1>But I do see like for girls who did grow

0:17:20.760 --> 0:17:24.160
<v Speaker 1>up at you know, five, six, seven, didn't see themselves

0:17:24.240 --> 0:17:27.920
<v Speaker 1>in those dolls. Perhaps maybe they're not playing with them,

0:17:27.960 --> 0:17:31.200
<v Speaker 1>but perhaps they are the collectors of these things. Perhaps

0:17:31.200 --> 0:17:34.320
<v Speaker 1>because that's where the age we totally have collectors. It's

0:17:34.320 --> 0:17:36.240
<v Speaker 1>a thing we lots of people like I didn't have this.

0:17:36.480 --> 0:17:37.960
<v Speaker 1>I bought one for my grand baby, but then I

0:17:38.000 --> 0:17:41.480
<v Speaker 1>also bought one for me. But so you don't see

0:17:41.520 --> 0:17:45.200
<v Speaker 1>like there's any fifteen year olds who are like an

0:17:45.200 --> 0:17:50.679
<v Speaker 1>avenue into that demographic. Maybe if we got maybe if

0:17:50.680 --> 0:18:00.000
<v Speaker 1>we got Zoe some like lashes and let's go acrilics.

0:18:00.520 --> 0:18:02.359
<v Speaker 1>It all happened on black Tech Free money. Come on,

0:18:02.400 --> 0:18:05.000
<v Speaker 1>see people think it's some lashes for these dolls, because

0:18:05.000 --> 0:18:07.720
<v Speaker 1>it's happening because they represent what's like you get some

0:18:07.720 --> 0:18:09.880
<v Speaker 1>of them furry slippers. Put it on that that doll,

0:18:12.920 --> 0:18:18.040
<v Speaker 1>get her a little tell far let's go ye love it.

0:18:19.880 --> 0:18:22.720
<v Speaker 1>Many of the places where you've raised money, like they

0:18:22.720 --> 0:18:26.920
<v Speaker 1>don't like fund CpG. I don't know if this is

0:18:27.000 --> 0:18:30.399
<v Speaker 1>CpG or not, or toys like their tech investors. You know,

0:18:30.480 --> 0:18:33.880
<v Speaker 1>many of the places where you've got money, what from

0:18:33.920 --> 0:18:36.720
<v Speaker 1>your seat being the person who pitched and and one

0:18:37.280 --> 0:18:41.760
<v Speaker 1>these competitions, one these investments. What was it that got

0:18:41.800 --> 0:18:44.840
<v Speaker 1>them to buy in and say, yo, U has got something.

0:18:44.920 --> 0:18:47.280
<v Speaker 1>I know we are doing tech over here in courts

0:18:47.320 --> 0:18:50.760
<v Speaker 1>and engineers, but this because I've heard so many people

0:18:50.760 --> 0:18:54.800
<v Speaker 1>who do packaged goods and I'm not sure this falls

0:18:54.800 --> 0:18:56.080
<v Speaker 1>in that category. I don't know if this is a

0:18:56.080 --> 0:18:58.440
<v Speaker 1>CpG player, you can correct me. But I talk to

0:18:58.480 --> 0:19:02.000
<v Speaker 1>people like Tristan Walker, who actually does cepg's, Like those

0:19:02.040 --> 0:19:04.199
<v Speaker 1>investors who he was friends with were like, is the

0:19:04.240 --> 0:19:07.119
<v Speaker 1>market that big? You know, when you talk about the

0:19:07.160 --> 0:19:10.680
<v Speaker 1>black consumer, how do you get those investors to buy

0:19:10.720 --> 0:19:18.360
<v Speaker 1>into this? It's me and my pink sweaters. Um no. Uh.

0:19:18.640 --> 0:19:23.280
<v Speaker 1>So I am always very strategic in terms of the

0:19:23.520 --> 0:19:26.240
<v Speaker 1>spaces I go into and the conversations I have with people,

0:19:26.320 --> 0:19:31.600
<v Speaker 1>because UM seventeen is very hard for me. When I was,

0:19:32.080 --> 0:19:35.600
<v Speaker 1>you know, college student firstly, firstly graduated, didn't come from

0:19:35.640 --> 0:19:39.240
<v Speaker 1>an entrepreneur background. I was an art student. I study illustration,

0:19:39.720 --> 0:19:42.800
<v Speaker 1>even though I had done an accelerator program. But people

0:19:42.800 --> 0:19:47.320
<v Speaker 1>didn't see the necessary requirements in order to believe in

0:19:47.359 --> 0:19:50.239
<v Speaker 1>me as a founder just yet. Um. And so I

0:19:50.320 --> 0:19:51.960
<v Speaker 1>learned that the most valuable thing that I have is

0:19:52.000 --> 0:19:53.840
<v Speaker 1>my time, and so I would always tell founders, you know,

0:19:54.280 --> 0:19:57.240
<v Speaker 1>stop chasing money and go find people that actually want

0:19:57.280 --> 0:19:59.480
<v Speaker 1>to fund you. And so you can't go to the

0:19:59.480 --> 0:20:02.920
<v Speaker 1>competition tiens where they're focused on tech and sas and fintech,

0:20:03.240 --> 0:20:05.280
<v Speaker 1>because you know, if you're competing with a person that's

0:20:05.280 --> 0:20:07.040
<v Speaker 1>trying to cure cancer and you're making dolls, they're not

0:20:07.080 --> 0:20:11.280
<v Speaker 1>particularly interested in that. So I actually only participated in

0:20:11.359 --> 0:20:14.520
<v Speaker 1>programs and pitch competitions where they were either trying to

0:20:14.680 --> 0:20:18.600
<v Speaker 1>support female founders, founders of color, or invest in physical

0:20:18.600 --> 0:20:21.040
<v Speaker 1>product companies. So one of the first competitions I did

0:20:21.720 --> 0:20:25.200
<v Speaker 1>was the Startup Stampede in Durham, North Carolina, which is

0:20:25.240 --> 0:20:28.480
<v Speaker 1>actually specifically for e commerce companies, which is where I

0:20:28.560 --> 0:20:32.199
<v Speaker 1>learned how to make Facebook ads and that's how I successfully.

0:20:32.640 --> 0:20:37.720
<v Speaker 1>UM had really strong sales seasons in twenty so how

0:20:37.720 --> 0:20:41.440
<v Speaker 1>I learned how to build dynamic audiences online. I then

0:20:41.480 --> 0:20:44.560
<v Speaker 1>went on to win the first New Voices pitch competition

0:20:44.720 --> 0:20:46.920
<v Speaker 1>at Essence Fest, which is where a lot of black

0:20:46.920 --> 0:20:49.560
<v Speaker 1>women are and there that fund is specifically for black women.

0:20:49.960 --> 0:20:53.240
<v Speaker 1>I then did another accelerated program, then I won UM

0:20:53.280 --> 0:20:58.080
<v Speaker 1>the Wendy Lee, UM mainstream Venture Grit, which is Fromcinnati,

0:20:58.119 --> 0:20:59.280
<v Speaker 1>which is in the city that I lived in, and

0:20:59.320 --> 0:21:02.200
<v Speaker 1>they were supporting founders. So all my money technically came

0:21:02.240 --> 0:21:04.760
<v Speaker 1>from these places, like even the quick and Loans Detroit

0:21:04.760 --> 0:21:08.600
<v Speaker 1>Demoday where we could come dollars. That was for companies

0:21:08.640 --> 0:21:10.720
<v Speaker 1>that were in the city of Detroit. UM that were

0:21:10.720 --> 0:21:13.359
<v Speaker 1>starting like my phase would start like I was a

0:21:13.359 --> 0:21:15.800
<v Speaker 1>new company. I told the compelling story, and I also

0:21:15.840 --> 0:21:17.600
<v Speaker 1>had the support of the community after being there for

0:21:17.640 --> 0:21:21.600
<v Speaker 1>some time, and the people voted for me. So UM.

0:21:21.640 --> 0:21:24.960
<v Speaker 1>The short answer is that I tell a compelling story,

0:21:25.000 --> 0:21:27.680
<v Speaker 1>I have a great product product, and people believe in

0:21:27.720 --> 0:21:30.119
<v Speaker 1>the work that I'm doing. I also curate with the

0:21:30.160 --> 0:21:33.600
<v Speaker 1>things that I compete in. UM. But that's a lot

0:21:33.600 --> 0:21:38.359
<v Speaker 1>of time. A lot of a lot of black founders

0:21:39.000 --> 0:21:41.600
<v Speaker 1>find or I guess a lot of founders in general,

0:21:41.680 --> 0:21:45.119
<v Speaker 1>find that they need to be part of that story,

0:21:45.359 --> 0:21:48.360
<v Speaker 1>part of the story. How do you have to, as

0:21:48.359 --> 0:21:53.159
<v Speaker 1>an entrepreneur be the thing to the consumer that sells it,

0:21:53.320 --> 0:21:59.080
<v Speaker 1>or can you lead with the product? I think what

0:21:59.200 --> 0:22:01.280
<v Speaker 1>I'm when you say that, all I can think about

0:22:01.280 --> 0:22:04.159
<v Speaker 1>is authenticity, which oftentimes means that you have to be

0:22:04.200 --> 0:22:08.600
<v Speaker 1>a part of the story. So I started this company.

0:22:09.160 --> 0:22:12.720
<v Speaker 1>It's relatively young. I'm young. I created this because of

0:22:12.720 --> 0:22:16.280
<v Speaker 1>a compelling reason. I am. I am the company. I'm

0:22:16.280 --> 0:22:18.920
<v Speaker 1>part of the company's story. And that's for people being

0:22:18.920 --> 0:22:21.960
<v Speaker 1>able to see the person who started it, who's constantly

0:22:21.960 --> 0:22:24.360
<v Speaker 1>working on it, and seeing where we started versus where

0:22:24.400 --> 0:22:28.480
<v Speaker 1>we are now. That matters because it's very it's relatable,

0:22:28.880 --> 0:22:30.240
<v Speaker 1>and it may not be relatable in the sense that

0:22:30.280 --> 0:22:32.800
<v Speaker 1>everybody starting a company, but it's like, Wow, I've always

0:22:32.920 --> 0:22:35.200
<v Speaker 1>wanted to achieve great things and I'm seeing this person

0:22:35.520 --> 0:22:37.680
<v Speaker 1>who actually did all this work to do it. That's

0:22:37.720 --> 0:22:41.680
<v Speaker 1>really inspiring. I applaud that. Yeah, I'm glad you. I'm

0:22:41.680 --> 0:22:45.840
<v Speaker 1>glad you answered that way because it makes me. It

0:22:45.960 --> 0:22:48.800
<v Speaker 1>leads me into what I thought you were gonna go

0:22:48.840 --> 0:22:52.480
<v Speaker 1>in the direction of and ask, is it then a

0:22:52.560 --> 0:22:56.080
<v Speaker 1>marketable asset? Then if the company, if your LIDSA, is

0:22:56.160 --> 0:22:58.800
<v Speaker 1>tied to it, like could I'm making this up like

0:22:58.840 --> 0:23:01.800
<v Speaker 1>could have has Bro say, Yo, we want healthy Roots dolls,

0:23:01.920 --> 0:23:05.720
<v Speaker 1>but without Elitza. If there is no Healthy Roots dolls,

0:23:06.480 --> 0:23:10.480
<v Speaker 1>that makes sense. I hear what you're saying. They're identities

0:23:10.480 --> 0:23:15.160
<v Speaker 1>that are tied to brands like Oprah is Oprah brand. Um,

0:23:15.240 --> 0:23:17.560
<v Speaker 1>but I don't know. Maybe one day Zoe can be

0:23:17.560 --> 0:23:20.480
<v Speaker 1>the face of Healthy Roots Dolls. Yeah, I just wonder

0:23:20.520 --> 0:23:22.239
<v Speaker 1>if I just wanted to think about that, because I

0:23:22.280 --> 0:23:25.439
<v Speaker 1>wonder I get the question about how integrated should the

0:23:25.600 --> 0:23:28.359
<v Speaker 1>individual story be with the brand, and I hear a

0:23:28.359 --> 0:23:31.000
<v Speaker 1>wide variety of responses to that. Some people don't want

0:23:31.000 --> 0:23:32.920
<v Speaker 1>to be the face at all, They want to lead

0:23:32.960 --> 0:23:36.240
<v Speaker 1>with the thing, and UM, that's just curious on your

0:23:36.320 --> 0:23:38.680
<v Speaker 1>take on that. So I appreciate that I don't consider

0:23:38.720 --> 0:23:41.840
<v Speaker 1>myself the face of my company. I consider myself the

0:23:41.880 --> 0:23:46.040
<v Speaker 1>face of my own experience and and story building the company,

0:23:46.160 --> 0:23:49.040
<v Speaker 1>and sometimes we share that through the company as well

0:23:49.920 --> 0:23:53.040
<v Speaker 1>when you get to talk about the product day that

0:23:53.960 --> 0:23:57.639
<v Speaker 1>when you think ultimately about X saying if if you

0:23:57.680 --> 0:24:00.639
<v Speaker 1>ever think about exiting this company, and I'll let you

0:24:00.680 --> 0:24:03.240
<v Speaker 1>speak on at if you do, do you think about

0:24:03.920 --> 0:24:06.160
<v Speaker 1>do you encourage people to think about exiting at all?

0:24:06.560 --> 0:24:10.000
<v Speaker 1>And do you believe that there or or do you

0:24:10.040 --> 0:24:13.160
<v Speaker 1>believe that there will one day be a new has

0:24:13.200 --> 0:24:15.679
<v Speaker 1>bro like Healthy Roots Dolls could be the one, you know,

0:24:15.760 --> 0:24:19.240
<v Speaker 1>sucking up other opportunities instead of being the one that

0:24:19.400 --> 0:24:23.920
<v Speaker 1>is acquired. I always encourage people to think about their

0:24:23.920 --> 0:24:27.680
<v Speaker 1>long term plans. That's what I'm always telling people when

0:24:27.680 --> 0:24:29.439
<v Speaker 1>it comes to you know, even early on in this

0:24:29.520 --> 0:24:32.880
<v Speaker 1>conversation where you mentioned how do you when to quit

0:24:33.000 --> 0:24:34.600
<v Speaker 1>or how when you keep going? Like do you have

0:24:34.720 --> 0:24:38.240
<v Speaker 1>to create long term plans with mile Jones and then

0:24:38.320 --> 0:24:42.000
<v Speaker 1>chain with yourself on those miles swim determined? Is this progressing?

0:24:42.080 --> 0:24:43.960
<v Speaker 1>Is it's not progressing? Do I need to pivot? So

0:24:44.320 --> 0:24:47.080
<v Speaker 1>if you're starting a company, you need to think about

0:24:47.200 --> 0:24:50.040
<v Speaker 1>down the road what you ultimately want to happen, whether

0:24:50.080 --> 0:24:52.240
<v Speaker 1>that's I want to sell this company for this much money,

0:24:52.359 --> 0:24:55.359
<v Speaker 1>or I want to partner like merge, whatever that might be,

0:24:55.640 --> 0:24:57.960
<v Speaker 1>and that will help drive the rest of the decisions

0:24:58.000 --> 0:25:00.439
<v Speaker 1>you make along the way. I think it's incredib important

0:25:00.480 --> 0:25:01.880
<v Speaker 1>to keep that as a part of history if that's

0:25:01.920 --> 0:25:05.320
<v Speaker 1>the journey you want to take. Pre COVID, we had

0:25:05.359 --> 0:25:08.679
<v Speaker 1>a lot of conversations in particularly in tech, about you know,

0:25:08.840 --> 0:25:12.240
<v Speaker 1>where you're located geographically depending on what you're building. So

0:25:12.240 --> 0:25:14.000
<v Speaker 1>if you were building fintech, you needed to be in

0:25:14.000 --> 0:25:17.440
<v Speaker 1>New York. If you were building you know, a consumer thing,

0:25:17.480 --> 0:25:19.439
<v Speaker 1>a social network, you needed to be in the Valley

0:25:19.560 --> 0:25:22.919
<v Speaker 1>or you know, media you needed to be in l A.

0:25:22.920 --> 0:25:27.160
<v Speaker 1>A lot of that's changed, um with COVID in your Detroit,

0:25:27.240 --> 0:25:29.919
<v Speaker 1>you know, Midwest, like I like I am Toledo. I

0:25:30.040 --> 0:25:34.600
<v Speaker 1>wonder what are from your perspective, what are the advantages

0:25:34.640 --> 0:25:39.119
<v Speaker 1>of being where you are? And do you see could

0:25:39.600 --> 0:25:43.840
<v Speaker 1>your success have grown better or faster or worse had

0:25:43.920 --> 0:25:48.600
<v Speaker 1>you not been in Detroit building Um, I definitely think

0:25:48.640 --> 0:25:51.679
<v Speaker 1>that some of my advantages are the cheap flights to

0:25:51.720 --> 0:25:58.359
<v Speaker 1>everywhere else and um, I think I've always just been

0:25:58.600 --> 0:26:01.800
<v Speaker 1>a big fish in a little on from where I

0:26:01.840 --> 0:26:05.320
<v Speaker 1>went from from elementary school to middle school to high school,

0:26:05.960 --> 0:26:08.600
<v Speaker 1>from the college that I went to, from the cities

0:26:08.640 --> 0:26:11.880
<v Speaker 1>that I've lived in I've always had. I've always been

0:26:11.920 --> 0:26:14.240
<v Speaker 1>one of the few people who has like big goals,

0:26:14.280 --> 0:26:19.960
<v Speaker 1>big visions, and is untethered. So I don't think where

0:26:20.000 --> 0:26:22.760
<v Speaker 1>I'm based can stop me from doing anything, because I'm

0:26:22.760 --> 0:26:24.320
<v Speaker 1>gonna go where I need to go to do what

0:26:24.359 --> 0:26:29.120
<v Speaker 1>I need to do. So you don't think being presently

0:26:29.200 --> 0:26:32.720
<v Speaker 1>there matters. I think it can if for it depends

0:26:32.760 --> 0:26:35.359
<v Speaker 1>on who you are, Like if you don't have the

0:26:35.440 --> 0:26:37.400
<v Speaker 1>access to the capital you need to go from place

0:26:37.400 --> 0:26:39.760
<v Speaker 1>to place to place, and you know, spend the month

0:26:39.800 --> 0:26:42.600
<v Speaker 1>here and spend two weeks here. It's gonna be way harder.

0:26:42.920 --> 0:26:46.200
<v Speaker 1>But if you can do that, do it. I would

0:26:46.200 --> 0:26:49.400
<v Speaker 1>travel from I spent four months in Durham, North Carolina.

0:26:49.400 --> 0:26:52.320
<v Speaker 1>I literally just packed up my stuff, went down there

0:26:52.320 --> 0:26:54.800
<v Speaker 1>and stayed there for four months. I've done that for Detroit,

0:26:54.880 --> 0:26:57.840
<v Speaker 1>where I went from Ohio to Michigan for four months

0:26:57.880 --> 0:27:00.480
<v Speaker 1>and then ultimately decided to relocate here. But I would

0:27:00.520 --> 0:27:04.640
<v Speaker 1>I spent a whole year basically on planes just going places.

0:27:05.119 --> 0:27:06.840
<v Speaker 1>But I think it's nice to have a home base

0:27:06.840 --> 0:27:08.600
<v Speaker 1>where you have a core network, where there's a growing

0:27:08.640 --> 0:27:12.360
<v Speaker 1>ecosystem of people doing some work, you know, and start

0:27:12.400 --> 0:27:14.560
<v Speaker 1>up in direct consider marketers so that you can like

0:27:15.400 --> 0:27:17.920
<v Speaker 1>mesh with them. I think that's something I definitely gained

0:27:17.920 --> 0:27:20.760
<v Speaker 1>from my article experience, which is like being in the

0:27:21.560 --> 0:27:23.639
<v Speaker 1>in the critique world of like putting your artwork on

0:27:23.640 --> 0:27:25.679
<v Speaker 1>the wall, getting feedback from people, so making sure you

0:27:25.680 --> 0:27:28.199
<v Speaker 1>have a circle so you can do that. But I

0:27:28.240 --> 0:27:31.600
<v Speaker 1>don't feel I personally, in my experience, have never felt

0:27:31.600 --> 0:27:33.520
<v Speaker 1>limited based on where I live, because I'm gonna go

0:27:33.560 --> 0:27:36.240
<v Speaker 1>where I need to be. Although I do understand how

0:27:36.240 --> 0:27:38.280
<v Speaker 1>where you live can impact that. You just have to

0:27:38.320 --> 0:27:40.639
<v Speaker 1>find your workarounds, and so for me, my workarounds were

0:27:40.640 --> 0:27:43.560
<v Speaker 1>just packing it up and going and asking for introductions.

0:27:45.119 --> 0:27:46.879
<v Speaker 1>In a few minutes I have left with you, I

0:27:46.880 --> 0:27:49.000
<v Speaker 1>do want to talk about getting on a store shelf,

0:27:49.119 --> 0:27:52.840
<v Speaker 1>and can you talk about like what retailers want to see,

0:27:52.920 --> 0:27:54.600
<v Speaker 1>Like how do you even get on their radar to

0:27:54.600 --> 0:28:00.160
<v Speaker 1>where they're having a real conversation with you. Um? Well,

0:28:00.240 --> 0:28:04.840
<v Speaker 1>I think my particular strategy is name dropping, So I

0:28:04.920 --> 0:28:09.240
<v Speaker 1>will name drop retailers and articles. I had a Forbes interview.

0:28:09.280 --> 0:28:10.560
<v Speaker 1>I was it would be great to be in target

0:28:10.560 --> 0:28:14.560
<v Speaker 1>one day, um, and then a buyer reached out and

0:28:14.640 --> 0:28:16.880
<v Speaker 1>we were able to have a conversation about that. But

0:28:16.960 --> 0:28:20.960
<v Speaker 1>I think the best way to get on retail shelves

0:28:21.440 --> 0:28:25.160
<v Speaker 1>is to do five years worth of work, build strong

0:28:25.400 --> 0:28:29.399
<v Speaker 1>sales through your online store, and build a bunch of

0:28:29.400 --> 0:28:31.920
<v Speaker 1>relationships along the way where that's not your first touch

0:28:31.960 --> 0:28:36.280
<v Speaker 1>point with that retailer. So when you go, they have records,

0:28:36.280 --> 0:28:40.360
<v Speaker 1>they can look at what are they looking for? I can't,

0:28:40.360 --> 0:28:42.880
<v Speaker 1>So I can't even say that. I can't even tell

0:28:42.920 --> 0:28:45.800
<v Speaker 1>someone how you would go about getting into detail because

0:28:46.160 --> 0:28:48.520
<v Speaker 1>my journey is so unique in itself, and it's like, oh, yeah,

0:28:48.560 --> 0:28:50.120
<v Speaker 1>just do what I did. It's like I can't really

0:28:50.160 --> 0:28:51.720
<v Speaker 1>tell you to do what I did because I don't

0:28:51.720 --> 0:28:53.360
<v Speaker 1>really know what I did. I just did this work

0:28:53.400 --> 0:28:56.720
<v Speaker 1>and I purposefully went about like, oh yeah, I know

0:28:56.760 --> 0:28:58.680
<v Speaker 1>I want to be in target. Let me work on

0:28:58.720 --> 0:29:02.520
<v Speaker 1>building this channel. So there are definitely lots of opportunities

0:29:02.560 --> 0:29:06.640
<v Speaker 1>to meet buyers and get your products in front of people. UM.

0:29:06.720 --> 0:29:09.160
<v Speaker 1>You can look up those opportunities. I know. I am

0:29:09.200 --> 0:29:11.840
<v Speaker 1>in a bunch of toy different toy groups and organizations

0:29:11.840 --> 0:29:15.040
<v Speaker 1>like Women in Toys and the Toy Association that specifically

0:29:15.040 --> 0:29:18.960
<v Speaker 1>creates opportunities for vendors for members to pitch their products. UM.

0:29:19.000 --> 0:29:20.760
<v Speaker 1>Even the new voice is fund, which is a way

0:29:20.800 --> 0:29:24.280
<v Speaker 1>that people can pitch for UM in competitions for capital.

0:29:24.320 --> 0:29:28.560
<v Speaker 1>They have a segment of that organization that helps introduce

0:29:28.560 --> 0:29:32.240
<v Speaker 1>people to potential to target for potential retail opportunities. So,

0:29:32.560 --> 0:29:34.600
<v Speaker 1>but none of that matters if you don't have a

0:29:34.640 --> 0:29:37.920
<v Speaker 1>compelling product and it already established brand, because you have

0:29:38.000 --> 0:29:41.719
<v Speaker 1>to be able to market it, I'm sure, because it

0:29:41.760 --> 0:29:43.960
<v Speaker 1>has to happen when you're out. Let's say you go

0:29:44.040 --> 0:29:46.080
<v Speaker 1>to a show and you're walking down the aisle because

0:29:46.080 --> 0:29:49.000
<v Speaker 1>you just left your booth for fifteen minutes or whatever.

0:29:49.040 --> 0:29:50.920
<v Speaker 1>You're just out looking at other people, talking to other

0:29:50.920 --> 0:29:55.920
<v Speaker 1>founders who have products, and you see indicators that make

0:29:56.000 --> 0:29:58.160
<v Speaker 1>you interested. Only if this person is ever going to

0:29:58.200 --> 0:30:01.480
<v Speaker 1>get on the shelf because of something thing? What is

0:30:01.520 --> 0:30:06.640
<v Speaker 1>typically a reason why somebody who might have a decent product,

0:30:08.280 --> 0:30:10.040
<v Speaker 1>What is the flag that says, you know what, this

0:30:10.160 --> 0:30:11.920
<v Speaker 1>probably this person is probably not gonna make it to

0:30:11.920 --> 0:30:15.959
<v Speaker 1>a shelf. I can tell um, I'm not. That's more

0:30:15.960 --> 0:30:18.840
<v Speaker 1>of a question for a buyer. But what I can

0:30:18.960 --> 0:30:20.960
<v Speaker 1>say are some of the things that a buyer is

0:30:21.000 --> 0:30:24.000
<v Speaker 1>going to need and so they need. You need to

0:30:24.040 --> 0:30:27.680
<v Speaker 1>be able to scale. So if a bvirus says they

0:30:27.720 --> 0:30:31.000
<v Speaker 1>want so the bierus says they need ten thousand units

0:30:31.000 --> 0:30:32.480
<v Speaker 1>in six months, you need to be able to produce

0:30:32.520 --> 0:30:35.120
<v Speaker 1>ten thousand units in six months. And sometimes that means

0:30:35.160 --> 0:30:37.600
<v Speaker 1>you need to finance that inventory. And if you don't

0:30:37.600 --> 0:30:39.520
<v Speaker 1>have financing options, you're not gonna be able to get

0:30:39.560 --> 0:30:41.200
<v Speaker 1>that inventory to them, so you're not gonna get put

0:30:41.280 --> 0:30:43.880
<v Speaker 1>on the shelf. You also have to have the right margins,

0:30:43.880 --> 0:30:47.080
<v Speaker 1>so retailers expect specific margins on products, and if you

0:30:47.120 --> 0:30:49.560
<v Speaker 1>haven't priced your product correctly or your cost of production

0:30:49.640 --> 0:30:50.959
<v Speaker 1>is too high, you're not gonna be able to give

0:30:51.000 --> 0:30:53.240
<v Speaker 1>them those margins in order to make it worth the opportunity.

0:30:54.960 --> 0:30:57.120
<v Speaker 1>And then often and then sometimes you will have to

0:30:57.160 --> 0:31:02.560
<v Speaker 1>purchase marketing assets. So those that you see those UM

0:31:02.680 --> 0:31:05.640
<v Speaker 1>inserts in, you know, print materials for the store where

0:31:05.720 --> 0:31:07.960
<v Speaker 1>brands are featured. Sometimes brands have to pay for that

0:31:08.160 --> 0:31:09.880
<v Speaker 1>in order to market and sell the products. So the

0:31:09.880 --> 0:31:12.320
<v Speaker 1>marketing doesn't just stop on your own social you also

0:31:12.360 --> 0:31:15.640
<v Speaker 1>have to market your retailers. So it's gonna be financing

0:31:16.080 --> 0:31:31.200
<v Speaker 1>bandwidth UM and can keep up. Black Tech Green Money

0:31:31.280 --> 0:31:33.560
<v Speaker 1>is a production of Black They Afro Tech on the

0:31:33.560 --> 0:31:36.959
<v Speaker 1>Black Effect podcast Network and I Hired Media. He's produced

0:31:36.960 --> 0:31:40.760
<v Speaker 1>by Morgan Dubon and me Well Lucas, with additional production

0:31:40.800 --> 0:31:44.520
<v Speaker 1>support by Love Beach and me Rissa Lewis. Special thank

0:31:44.520 --> 0:31:47.360
<v Speaker 1>you to Michael Davis, Adam Simms, and Sakar Savon Jan

0:31:47.640 --> 0:31:49.960
<v Speaker 1>you know like the Wine, Yes that's his real name.

0:31:51.120 --> 0:31:53.040
<v Speaker 1>Learn more about my guests and other tech dirt is

0:31:53.040 --> 0:31:56.040
<v Speaker 1>the innovators at afro tech dot com. The video version

0:31:56.080 --> 0:31:58.600
<v Speaker 1>is episode We'll Drop to Black Tech Green Money on YouTube,

0:31:58.640 --> 0:32:02.680
<v Speaker 1>so'll tap in. Enjoying black Tech, Green money. Leave us

0:32:02.680 --> 0:32:07.560
<v Speaker 1>a five star rating on iTunes. Go get your money,

0:32:08.440 --> 0:32:09.080
<v Speaker 1>Peace and love,