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

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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


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