#225 - Max Kislevitz: BALA - Disrupting Fitness Through Design | DTC POD: How The Best Brands Are Built podcast

‌

Episode description

‌

Episode description

On this episode of DTC Pod, Max joins Blaine to talk about starting the brand as a side project, getting early conviction, bootstrapping to launch, landing a major shark tank deal, product positioning, brand design, form factors & digital amplification, early retail strategies, fundraising, go to market point of entry, market disruption, and much more.

10:35 The Best Ideas Are Simple

I think that, like, given this simplicity of the idea, it was hard to have a real conviction about it, right? Like when you think of something novel and new, it's like, God, that's the world's best idea. But when you think about reprising something sort of old and tired, like wrist and ankle weights- like it felt viable and there were like some good aspects of the idea going for it, but it was hard to sort of like bet the farm on this idea. Would people be interested? Would they fundamentally care? So there wasn't like a bravado at the outset about like, we're gonna change the world. I think we've had some of those revelations since in terms of disrupting this ultra serious industry. But at the time we were like, how do we both test the idea and raise the $40,000 we needed to fund the first production run. And Kickstarter was kind of the perfect solution for that.

29:20 *8Xing* after Hottest Shark Tank Deal EVER

And so I think we came in looking for 400 K investment and left with 900K. We've given up more of the company, but I will say that there's so many intangibles associated with that deal. Like Maria's been in photo shoots for us. Mark spoke with us at a South by Southwest panel earlier this year. Obviously there's incredible media value associated with the show. So it really sort of propelled us to the next level. So where in 2019, we did 2 million in sales in 2020, we did 16! So it was like kind of an 8X relative to the prior year.

38:00 Disrupting Fitness Accessories

Like let's invent new products, but let's also introduce meaningful improvements on existing products. And that was the paradigm shift from a single products company to we can be the Lululemon of fitness equipment and accessories, right? Like we can bring a Glossier sensibility to this super serious like CrossFit centric, fitness space. And we can do it through a beautiful product and a playful brand.

42:00 Why Point of Entry Is Key for Startups

We didn't realize how massive the opportunity was kind of hiding in plain sight. We sort of tripped over it, but we really do think that, fitness, accessories, and equipment and the products you're actually working out with should be as beautiful and elevated as the environment or what you're wearing whilst doing those activities.

This episode is brought to you by OpenStore:

Visit https://open.store to get a free, no-obligation offer for your e-commerce business from OpenStore in 24 hours.

Have any questions about the show or topics you'd like us to explore further?
Shoot us a DM; we'd love to hear from you.

Want the weekly TL;DR of tips delivered to your mailbox?
Check out our newsletter here