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How to build a successful e-commerce store with
no technical background
Presented by Cody McKibben (Thrilling Heroics) and Jun Loayza (RewardMe)




                      Cody                      Jun
Background

• UCLA 2007: B.A. in Economics and Philosophy

• Left the corporate world after 3 months

• Failed 2 companies from 2008 - 2009

• Successfully sold 2 companies from 2010 - 2011

• Closed deals with Whole Foods Market, Sephora, Levi’s, and Activision

• Raised over $1,000,000 in Angel funding

• Current full-time startup: RewardMe

• Current lifestyle business: Minted Republic




                     http://MintedRepublic.com   |   Jun@MintedRepublic.com
Minted Republic Overview

• Launched in February 2012

• Currently generates over $10,000 in revenue

• 5 hours of work or less per week

• 2 partners




               http://MintedRepublic.com   |   Jun@MintedRepublic.com
How to get started   The 1st steps to take
Why did we choose an online boutique for
women’s apparel?
Establish partners that compliment each other

1. Joseph (Equity): Advertising and Operations
2. Rees (Equity): Development
3. Jun (Equity): Accounting, legal, overall management
4. Christine (Commission): Stylist
5. Kevin (Paid): Photographer




              http://MintedRepublic.com   |   Jun@MintedRepublic.com
Find the manufacturer and negotiate

• Joseph (partner in Los Angeles)
  ➡ Met with 10 companies in the garment district

  ➡ Set up meetings for me to negotiate and close a deal


• Terms negotiated
  ➡ We hold no inventory (drop-ship model)

  ➡ We get access to their entire collection (sold to LA boutiques)

  ➡ We pay wholesale prices

  ➡ Manufacturer ships product to customers

  ➡ Manufacturer receives 10% of the profits

                   http://MintedRepublic.com   |   Jun@MintedRepublic.com
Build and design the e-commerce store

• Platform: Shopify Professional
  ➡ $60/month


• Theme: Shopify premium theme
  ➡ $200


• Customized the premium theme
  ➡ Joseph: designed based on premium theme structure

  ➡ Rees: coded the design




                 http://MintedRepublic.com   |   Jun@MintedRepublic.com
Model + Photography   Catalog and Lookbook shoot
Core principle: Copy what works
We modeled our site after Nasty Gal
Model: Lauren

• Found on Model Mayhem

• Cost: $400/day

• Utilized Kevin’s account to
  reach out to her
Photography

•   Team                                            •   Stylist
    ➡ Kevin and Felix: lead                             ➡ Christine: founder of the
      photographers                                       manufacturing partner company

    ➡ Christine: Hair and makeup                        ➡ 10% of profits (from terms)

•   Cost                                            •   Clothing + Accessories
    ➡ $3,500 per day                                    ➡ Manufacturing partner gives us
                                                          samples for the shoot
    ➡ $5 per final image
                                                        ➡ Christine brings accessories
•   Location                                              from her closet

    ➡ Studio: Kevin’s house                             ➡ Buy and return from stores


                    http://MintedRepublic.com   |   Jun@MintedRepublic.com
Drive Traffic: advertising and SEO
Advertising: what did NOT work

• Google Adwords

• Facebook Ads




            http://MintedRepublic.com   |   Jun@MintedRepublic.com
Advertising: what DID work

• Banner ads on fashion blogs

• Sponsored reviews with fashion bloggers

• Giveaways with fashion bloggers

                                                     Giveaway spike




             http://MintedRepublic.com   |   Jun@MintedRepublic.com
Advertising: cost breakdown


       Type                          Cost                      Payment Type


    Banner ads                  $50 - $200                         per month


  Sponsored review              Free - $200                        per review


     Giveaway                   Free - $100                     per giveaway



              http://MintedRepublic.com   |   Jun@MintedRepublic.com
Prime placement
Negotiated with fashion bloggers
to get prime placement on site
Search engine optimization

• Anchor text on all sponsored reviews and giveaways

• Get links from popular fashion sites:
  ➡ Lookbook.nu

  ➡ Chictopia


• Alt tags for all product images




                  http://MintedRepublic.com   |   Jun@MintedRepublic.com
Improve conversions +
                        How to make the sell
      email marketing
How we improved conversions

• Free shipping and 365-day return policy

• Grapevine reviews

• Featured items on the home page that were mentioned
 by fashion bloggers
• Gave fashion bloggers a widget to embed our product
 on their blog




                 http://MintedRepublic.com   |   Jun@MintedRepublic.com
How we use emails

• Platform of choice: Mailchimp

• How we collect emails:
  ➡ Fashion blogger giveaways

  ➡ On-site: customer can opt-into our newsletter


• What we send via email:
  ➡ Style inspirations

  ➡ Announcement of new collection

  ➡ Promotions




                   http://MintedRepublic.com   |   Jun@MintedRepublic.com
What’s next for Minted Republic
Upcoming projects

• Hire social media manager

• Launch Minted Republic blog

• Create a network of fashion bloggers

• Expand manufacturing partners




              http://MintedRepublic.com   |   Jun@MintedRepublic.com
Jun Loayza
President of Minted Republic

 Jun@MintedRepublic.com

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How to Launch a Successful $10K/month E-commerce Store with No Experience

  • 1. How to build a successful e-commerce store with no technical background Presented by Cody McKibben (Thrilling Heroics) and Jun Loayza (RewardMe) Cody Jun
  • 2. Background • UCLA 2007: B.A. in Economics and Philosophy • Left the corporate world after 3 months • Failed 2 companies from 2008 - 2009 • Successfully sold 2 companies from 2010 - 2011 • Closed deals with Whole Foods Market, Sephora, Levi’s, and Activision • Raised over $1,000,000 in Angel funding • Current full-time startup: RewardMe • Current lifestyle business: Minted Republic http://MintedRepublic.com | Jun@MintedRepublic.com
  • 3. Minted Republic Overview • Launched in February 2012 • Currently generates over $10,000 in revenue • 5 hours of work or less per week • 2 partners http://MintedRepublic.com | Jun@MintedRepublic.com
  • 4. How to get started The 1st steps to take
  • 5. Why did we choose an online boutique for women’s apparel?
  • 6. Establish partners that compliment each other 1. Joseph (Equity): Advertising and Operations 2. Rees (Equity): Development 3. Jun (Equity): Accounting, legal, overall management 4. Christine (Commission): Stylist 5. Kevin (Paid): Photographer http://MintedRepublic.com | Jun@MintedRepublic.com
  • 7. Find the manufacturer and negotiate • Joseph (partner in Los Angeles) ➡ Met with 10 companies in the garment district ➡ Set up meetings for me to negotiate and close a deal • Terms negotiated ➡ We hold no inventory (drop-ship model) ➡ We get access to their entire collection (sold to LA boutiques) ➡ We pay wholesale prices ➡ Manufacturer ships product to customers ➡ Manufacturer receives 10% of the profits http://MintedRepublic.com | Jun@MintedRepublic.com
  • 8. Build and design the e-commerce store • Platform: Shopify Professional ➡ $60/month • Theme: Shopify premium theme ➡ $200 • Customized the premium theme ➡ Joseph: designed based on premium theme structure ➡ Rees: coded the design http://MintedRepublic.com | Jun@MintedRepublic.com
  • 9. Model + Photography Catalog and Lookbook shoot
  • 10. Core principle: Copy what works
  • 11. We modeled our site after Nasty Gal
  • 12. Model: Lauren • Found on Model Mayhem • Cost: $400/day • Utilized Kevin’s account to reach out to her
  • 13. Photography • Team • Stylist ➡ Kevin and Felix: lead ➡ Christine: founder of the photographers manufacturing partner company ➡ Christine: Hair and makeup ➡ 10% of profits (from terms) • Cost • Clothing + Accessories ➡ $3,500 per day ➡ Manufacturing partner gives us samples for the shoot ➡ $5 per final image ➡ Christine brings accessories • Location from her closet ➡ Studio: Kevin’s house ➡ Buy and return from stores http://MintedRepublic.com | Jun@MintedRepublic.com
  • 15. Advertising: what did NOT work • Google Adwords • Facebook Ads http://MintedRepublic.com | Jun@MintedRepublic.com
  • 16. Advertising: what DID work • Banner ads on fashion blogs • Sponsored reviews with fashion bloggers • Giveaways with fashion bloggers Giveaway spike http://MintedRepublic.com | Jun@MintedRepublic.com
  • 17. Advertising: cost breakdown Type Cost Payment Type Banner ads $50 - $200 per month Sponsored review Free - $200 per review Giveaway Free - $100 per giveaway http://MintedRepublic.com | Jun@MintedRepublic.com
  • 18. Prime placement Negotiated with fashion bloggers to get prime placement on site
  • 19. Search engine optimization • Anchor text on all sponsored reviews and giveaways • Get links from popular fashion sites: ➡ Lookbook.nu ➡ Chictopia • Alt tags for all product images http://MintedRepublic.com | Jun@MintedRepublic.com
  • 20. Improve conversions + How to make the sell email marketing
  • 21. How we improved conversions • Free shipping and 365-day return policy • Grapevine reviews • Featured items on the home page that were mentioned by fashion bloggers • Gave fashion bloggers a widget to embed our product on their blog http://MintedRepublic.com | Jun@MintedRepublic.com
  • 22. How we use emails • Platform of choice: Mailchimp • How we collect emails: ➡ Fashion blogger giveaways ➡ On-site: customer can opt-into our newsletter • What we send via email: ➡ Style inspirations ➡ Announcement of new collection ➡ Promotions http://MintedRepublic.com | Jun@MintedRepublic.com
  • 23. What’s next for Minted Republic
  • 24. Upcoming projects • Hire social media manager • Launch Minted Republic blog • Create a network of fashion bloggers • Expand manufacturing partners http://MintedRepublic.com | Jun@MintedRepublic.com
  • 25. Jun Loayza President of Minted Republic Jun@MintedRepublic.com