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
Friday Feb 26, 2021
Friday Feb 26, 2021
This time, let’s welcome Daniel Rodic. He is a Forbes Top 30 Under 30 member and the Head of Marketing at Clearbanc. In this episode we’ll be diving deep into how eCommerce businesses should be funding their growth, covering their marketing expenses, and scaling their business to the next level.
On this episode:
- [1:19] A bit about Daniel and his previous work experience.
- [5:30] How his previous business grew over time through partnerships and pitching.
- [8:14] How Daniel came to join Clearbanc.
- [9:58] The types of funding offered by Clearbanc and when to consider funding.
- [11:49] What makes funding from Clearbanc different from their competitors.
- [13:44] What type of businesses does Clearbanc work?
- [14:55] The criteria they use to decide who they will work with and who they won’t.
- [16:29] Average time offers for capital advances and how long it takes to get access.
- [17:10] When Daniel would recommend a different kind of financing than what they offer.
- [19:21] About annual subscriptions and the cash conversion cycle.
- [21:18] What another business implemented instead of a subscription that worked well.
- [24:38] Examples of how some other businesses manage their cash conversion cycle.
- [25:40] What smart businesses do with the capital they get.
- [26:25] Why do Facebook and Google dominate in marketing?
- [29:14] How running a lean operation can benefit you and your business in the long run.
- [30:58] Overlooked areas of your business that deserve more investment.
- [33:33] Where to learn more about Clearbanc.
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