A few years ago we were broke university students. Living in a place of Eastern Europe nobody knows - Lithuania. Fast forward a few years, we’re founders of AdKings Agency. An industry-leading boutique eCommerce growth agency responsible for one of the fastest-growing US eCommerce brands and taking it from $0.5M to $26M in a single year without any external funding. Now we’re working on helping to grow and scale a dozen other eCommerce businesses to 8 or 9-figures. Managing over $18M in paid media ad spend a year and delving deep into sophisticated eCommerce exits, investments, and acquisitions world. Our world is intense, crazy, ever-changing, and challenging. This podcast is simple. Every week we, Darius, and Justin are going to open up our & our agency lives. We’re going to share behind the scenes insights about what makes our clients' businesses grow at the speed they are growing. We’re going to share our best-learned marketing methods, channel insights, and growth hacks that took us millions of dollars to figure out. And we’re going to open up insights from our client's business development strategies from operations management to raising capital that supported this growth. Nothing held back to help you transform your business into an 8 or even 9-figure powerhouse. Are you ready to click play? - Darius Kunca & Justin Gecevicius 👉 We're releasing new episodes every Monday, Wednesday & occasionally Friday.
Episodes
Thursday Apr 25, 2024
Thursday Apr 25, 2024
Welcome to this gripping podcast episode—' Fast Growth Fiasco: The Raw $80M Truth Behind Our DTC Success.' Today, strap in as we uncover the rollercoaster ride of our explosive journey, where we scaled to $80 million in record time. But it wasn't all smooth sailing; we teetered on the brink of disaster. From nail-biting market shifts to harrowing payment processor mishaps, learn how we navigated through the chaos and what it truly takes to thrive in the cutthroat world of direct-to-consumer sales. Stay tuned as we reveal our near-catastrophic success story's hard-earned secrets and close calls!
On this episode:
- Choose a business model that aligns with macro trends and has consistent market demand growth.
- Focus on markets with low competition to offer something new and build market loyalty.
- Play to your strengths and use them to create a competitive advantage.
- Diversify your channels to avoid reliance on one platform.
- Prepare for challenges and be cautious with resources when starting a business.
- Fast growth can lead to a period of intense challenges and problem-solving.
- Payment processor issues can arise for new businesses, causing cash flow problems.
- Stay persistent and communicate with payment processors to resolve issues. Cash flow is a major challenge for e-commerce businesses, and frozen funds can severely impact operations.
- Delays in production and fulfillment can lead to unhappy customers and damage the brand's reputation.
- Founder alignment is crucial for the success of a business, and open communication and vulnerability are key in resolving conflicts.
- Choosing the right third-party financial firm is important for maintaining clean books and preparing for future growth.
- Managing expenses and continuously optimizing costs is essential for sustainable growth.
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Apply for a Discovery Call With Us:
➤ Want us personally to help to grow your eCommerce business to 8 or even 9-figures? Book a call for a free audit https://www.adkings.agency/application-page
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Our Other Resources:
www.adkings.agency/memos - Our best case studies, real test results, and bi-weekly actionable insights on what is working RIGHT NOW for our clients in their journey to 8 & 9-figures. Curated for business owners, CEO's, CMO's and delivered straight to your inbox. Must join if you love our content on the podcast!
www.adkings.agency/careers - Are you living and breathing everything marketing & FB advertising? Extremely ambitious in driving tremendous results, love challenges, and want to help manage a portfolio of 7 & 8-figure eCommerce clients? Apply now.
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