Mike Watts is a seasoned entrepreneur with 6 start-up companies totaling over $60mil in sales who did a deal with Daymond John without going on SharkTank. Currently serving as Founder/CEO of LoveHandle USA-made smartphone grips
2-Time Winner of the Aggie 100, Fortune 5000 and regular guest on a variety of entrepreneurship-focused podcasts and broadcasts.
✅Started with doing interviews on Late night tv
✅ Underground tree stake - Holds trees in place
✅ Love Handle - Smartphone grip
✅ How do you come up with the ideas for all these products?
✅ He handles the marketing
✅ What are the criteria for finding a winning product
✅ How did he get Daymond John to become his business partner
✅ How did he differentiate himself from the competitors?
✅ How much of sales have you done for Lovehandles
✅ How do you market and distribute the product - Grassroots marketing - Micro influencers - The product sells by itself! The more people use it, the more others want to buy it. - Sells on Amazon.com - 3000 stores in the US - Getting his customers to refer other people and paying them affiliate commissions
✅ International as well
✅ What does he spend his time on?
✅ 32 employees
✅ How does a day in his life look like?
✅ Miracle morning
✅ How much money money does he spend every month in marketing or ads?
✅ What are your plans for the future?
✅ What advice would he give to other entrepreneurs
✅ Do you think selling low ticket or high ticket is better?
✅ 20% goes to marketing, 30-40% to overheads, and the rest is profit.
✅ Spends $10-20 to acquire a customer that has an average lifetime value of $80-100
✅ Sell before build
✅ How he self-funded the company, and kept the company private.
✅ The process on how he sold one of his companies
FOLLOW MIKE WATTS
https://www.instagram.com/mikewatts/
https://www.linkedin.com/in/mike-watts-21402578/
Get your own Lovehandle Pro https://www.lovehandle.com/
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