Volume 2,

#101: China Sourcing, Kickstarter, And The Elevator Life With Nick Ramil From Lexell Watches

June 01, 2014

Nick Ramil has been sourcing products in China since 2010 after graduating from university. Recently he launched a Kickstarter to start Lexell Stone Watches and we chat about the advantages of having a sourcing background, finding inspiration from competitors, and getting idea validation on new business ideas.

Topics Discussed:

  • Mastermind meetup in Austin, TX on 9/28/2014
  • Building a brand vs. being a product sourcing agent
  • How to do customer development in a new product niche
  • How $6,000 funded the first sample watch for Kickstarter
  • How to tactfully approach your network to share a Kickstarter project
  • Dealing with Kickstarter chargebacks and cancellations
  • Goal setting, idea validation, and playing the expectations game
  • Finding different price points based on customer segments
  • The best way to find new business ideas and projects

Mentions in the Episode:

 

Episode Length: 37:00

 

Download Options:

  • Direct Download: Right-click here and click “Save As” for a direct download
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  • Android: Listen via Stitcher Radio streaming
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  • Zune: Listen via Zune

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