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PLUS: 2021 predictions. Brought to you by The Hustle together with Route.
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January 23, 2021
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TOGETHER WITH
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Fun fact: More than 2 out of every 3
<em>
Hustle
</em>
readers identify as entrepreneurial-minded. Today’s email is for you -- a short guide filled with business-building tips and tales of successful startups.
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H/T to our Trends analysts for helping out. If you want more insights like these, give
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Trends a try
</a>
.
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The Big Idea
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<h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 3px 0px;">
What trends will impact businesses the most this year?
</h2>
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<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
During the early days of the pandemic, our Trends analyst Steph Smith compiled a 67-slide deck titled “
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
COVID-19 Trends: Looking Past First-Order Effects
</a>
.”
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
It was one of our most popular reports of 2020 -- and it’s now free for all
<em>
Hustle
</em>
readers.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Nine months later, we asked our analysts to share one macro-level or industry-specific question they’re thinking about, and how they see it playing out this year.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<em>
Here’s what they had to say…
</em>
</p>
<ol style="font-size: 16px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Amy’s question
</strong>
</li>
<p align="center" style="padding: 5px 0px 6px; text-align: center;">
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252FIsolation_v_Community_w_caption.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" style="height: auto; max-width: 250px; width: 100%;" width="250"/>
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Loneliness, already
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
labeled an epidemic
</a>
before the pandemic, became even more widespread last year.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
The entrepreneurship world seemed to wake up to this, with
<strong>
$1.37B
</strong>
of VC money pouring into mental-health startups through Q3, surpassing 2019’s investment of
<strong>
$1.06B
</strong>
, per
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
PitchBook
</a>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
“Community” as a theme was also strong in 2020. From cohort-based courses to online events, a paid community is now the holy grail for any indie maker’s monetization plan.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
But does explicit productization of connection and belonging work? Which companies have figured out how to measure results well? And is funding going toward populations that need change the most?
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
With remote work continuing,
</strong>
companies are taking more responsibilities for employee mental health (see Microsoft’s rollout of
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
wellbeing and productivity features
</a>
in Microsoft Teams and Outlook, including “virtual commutes” and integration with a mindfulness and meditation app).
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Coworking will return in smaller, more intimate ways, such as an in-person version of
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Order In Club
</a>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Meanwhile, Google searches for “coworking space near me” climbed to 50.9k searches in November, nearly surpassing pre-pandemic numbers.
</p>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Julia’s question
</strong>
</li>
<p align="center" style="padding: 5px 0px 6px; text-align: center;">
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Flocal_is_lekker_w_caption.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" style="height: auto; max-width: 250px; width: 100%;" width="250"/>
</p>
<p class="h2020 ignore-defaults" style="padding: 0px 3px 0px;">
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
In South Africa we have a saying:
<em>
“Local is lekker!”
</em>
It basically means,
<em>
“Local is awesome!”
</em>
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
With people locked up in their homes and within their national borders, one of the biggest trends of 2020 was the rise of localization -- from shopping to experiences to food.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
I can’t help but wonder how long “local is lekker” will last, if and when international travel resumes.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Will the longing for foreign travel and experiences trump this newfound appreciation of our own backyards? And for how long will small businesses leverage the localism trend?
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
The data suggests localism may be short-lived.
</strong>
According to a recent travel sentiment survey,
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
more than half
</a>
of American travelers would feel comfortable traveling internationally after 6 months of a vaccine becoming available.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Demand for ethnic food experiences is also on the rise: Search interest is rebounding strongly after a significant dip across the board in April:
</p>
</ol>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
“Conveyor belt sushi”:
<strong>
18.1k searches
</strong>
in November (
<strong>
+190%
</strong>
from April)
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
“Teppanyaki”:
<strong>
301k
</strong>
searches in November (
<strong>
+94%
</strong>
from April)
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
“Korean barbecue”:
<strong>
27.1k
</strong>
searches in November (
<strong>
+30%
</strong>
from April)
</li>
</ul>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Steph’s question
</strong>
</li>
<p align="center" style="padding: 5px 0px 6px; text-align: center;">
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252F2030_W_caption.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" style="height: auto; max-width: 250px; width: 100%;" width="250"/>
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
In the last economic downturn, a host of companies emerged that define today’s business landscape.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
From Uber to Airbnb to Stripe to Square… the sharing economy democratized people’s ability to buy or sell rides, homes, or basically anything online.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
2020 made us all look inward, spurring a decade where we invest in ourselves (our bodies). We will continue to see innovations in:
</p>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
health tech (think Sleep Number mattresses or Oura rings)
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
biohacking (think CRISPR kits)
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
workout tech (think
<a style="color: #d62829; text-decoration: none;">
Cubii
</a>
or
<a style="color: #d62829; text-decoration: none;">
Zwift
</a>
)
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
fertility tech (the
<a style="color: #d62829; text-decoration: none;">
cost of sequencing
</a>
is accelerating faster than Moore’s Law).
</li>
</ul>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
And have you heard of the
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
AlphaFold breakthrough
</a>
? It could pave the way for decades of innovation.
</p>
</td>
</tr>
<tr>
<td>
<table cellpadding="0" style="padding: 10px 10px 0px; width: 100%;">
<tbody style="text-align: right;">
<tr>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share facebook" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Share on Facebook" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ffb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" width="30"/>
</a>
</td>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share twitter" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Share on Twitter" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ftwitter.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" width="30"/>
</a>
</td>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share email" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Send as email to a friend" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Femail.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" width="30"/>
</a>
</td>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share site" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="View on our website" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fweb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" width="30"/>
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px;">
</td>
</tr>
<tr>
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 10px 3px 12px; text-transform: uppercase;">
Snippets
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 0px 3px;">
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<em>
We asked our Trends members where they see growth and opportunities in 2021. Here were some of the best responses...
</em>
</p>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
“Search Funds are going to start doubling and tripling…
</li>
<p style="font-size: 15px; line-height: 140%; margin: 0px 35px 0px;">
2000 - 5 funds raised
</p>
<p style="font-size: 15px; line-height: 140%; margin: 0px 35px 0px;">
2010 - 10 funds raised
</p>
<p style="font-size: 15px; line-height: 140%; margin: 0px 35px 0px;">
2015 - 25 funds raised
</p>
<p style="font-size: 15px; line-height: 140%; margin: 0px 35px 0px;">
2020 - 88 funds raised.”
</p>
<p style="font-size: 15px; line-height: 140%; margin: 0px 15px 0px;">
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
(Rand Larsen)
</a>
</p>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
“Second passports are becoming a status symbol of the New Rich and considered one of the greatest generational gifts for your children (beyond a trust fund).”
<a style="color: #d62829; text-decoration: none;">
(Elizabeth Shores)
</a>
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
“Crypto. Global Citizens. Digital Nomad life for adults and families, not just hipsters. Psychedelics. And Bio Hacking.”
<a style="color: #d62829; text-decoration: none;">
(Cameron Herold)
</a>
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
Keep an eye on WHOOP, ZWIFT, and Playbook.”
<a style="color: #d62829; text-decoration: none;">
(Max Novi)
</a>
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
“Real estate -- mehh. Maybe it goes up a bit. Crypto and EVs will steal the show.”
<a style="color: #d62829; text-decoration: none;">
(Matt Loberstein)
</a>
</li>
</ul>
<div style="display: none;">
</div>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 5px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px;">
</td>
</tr>
<tr style="display: block; padding: 10px 2px 0px;">
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 0px 0px 10px; text-transform: uppercase;">
Small biz solutions
</td>
</tr>
<tr>
<td style="padding: 0 0 6px;">
<img alt="question mark" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fquestion_mark.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" style="height: auto; max-width: 600px; width: 100%;" width="600"/>
</td>
</tr>
<tr>
<td>
<h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 10px 0px 5px;">
What questions should businesses be asking themselves in 2021?
</h2>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px;">
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
With so much uncertainty, sometimes it’s worth going back to basics.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Below are 5 smart questions our analysts came up with to help guide you and your business this year.
</p>
<ol style="font-size: 16px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
What are 3-5 values driving your company?
</strong>
</li>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
At
<em>
The Hustle
</em>
, we try to embody our values in our work. Three of our core values are:
</p>
</ol>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 5px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
Default to optimism
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
Foster a growth mindset
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
Disregard ego
</li>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 5px;">
List your values, then ask yourself: Can you match a milestone you want to reach in 2021 to each of them?
</p>
</ul>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
What is one subconscious assumption you’ve made about the new year? What’s your backup plan if it’s wrong?
</strong>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Examples: “Things will go back to ‘normal’ in 6 months” or “the shift toward [ecommerce, remote work, telemedicine, etc.] will be permanent.”
</p>
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
What will you deprioritize this year to make room for what matters?
</strong>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
As you add or change priorities for your business, what are you saying no to?
</p>
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Why do people love your product or service? What holds them back from loving it?
</strong>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
How would your customers feel if they could no longer use your product?
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Truth test your answer with Superhuman founder Rahul Vohra’s
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
product/market fit test
</a>
.
</p>
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
What’s the one thing you do better than anyone?
</strong>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Costco does cost tangibly better. Apple does quality tangibly better. Amazon does speed tangibly better.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
What’s your secret sauce? And how can you lean into that more this year?
</p>
</li>
</td>
</tr>
<tr>
<td>
<table cellpadding="0" style="padding: 10px 10px 0px; width: 100%;">
<tbody style="text-align: right;">
<tr>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share facebook" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Share on Facebook" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ffb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" width="30"/>
</a>
</td>
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<a data-tags="share twitter" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Share on Twitter" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ftwitter.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" width="30"/>
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<img alt="Send as email to a friend" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Femail.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" width="30"/>
</a>
</td>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share site" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="View on our website" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fweb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" width="30"/>
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px;">
</td>
</tr>
<tr>
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 10px 3px 0px; text-transform: uppercase;">
SPONSORED
</td>
</tr>
<tr id="bottom ad copy">
<td class="h2020 ignore-defaults" style="padding: 0px 3px;">
<h2 style="font-size: 20px; font-weight: 800; letter-spacing: 0px; line-height: 24px; margin: 20px 0 0px;">
<strong>
How one clever tool helped Solo Stove achieve 99% customer satisfaction
</strong>
</h2>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
No company is perfect… but thanks to Route, Solo Stove is pretty damn close.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Their 99% CSAT score reflects a
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
near-perfect customer experience
</a>
-- even more impressive when you consider that the Solo Stove sells large items (some over 2 feet wide and 45 lbs), making shipping a
<em>
huge
</em>
challenge.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Bigger items = more packaging, space, and damages.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
So what’s their secret to universally happy customers?
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
A little post-purchase tool called Route.
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
Route
</a>
completely revamped Solo Stove’s shipping experience.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
By giving customers full visibility and control of the post-purchase process, Route took the most challenging parts of fulfillment off the
<del>
stove
</del>
plate.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Using Route was a
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
win-win for both buyer and seller
</a>
with:
</p>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
92% decrease in time spent on claims
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
91% decrease in time to reimburse
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
Zero out of pocket insurance premiums
</li>
</ul>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
The end result?
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Happier customers, less-stressed employees, and a bigger bottom line.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Want to save more while also scoring more repeat purchases? Try Route for your business today.
</p>
</td>
</tr>
<tr>
<td align="center" style="padding: 10px 0px 15px; text-align: center;">
<a style="-webkit-text-fill-color: #ffffff; background: #D62829; border-radius: 15px; color: #ffffff; font-size: 16px; font-weight: bold; padding: 6px 20px; text-decoration: none;" target="_blank">
Try Route here →
</a>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 5px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px;">
</td>
</tr>
<tr style="display: block; padding: 10px 2px 0px;">
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 0px 0px 10px; text-transform: uppercase;">
Buzzworthy
</td>
</tr>
<tr>
<td style="padding: 0 0 6px;">
<img alt="branding" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fbranding.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" style="height: auto; max-width: 600px; width: 100%;" width="600"/>
</td>
</tr>
<tr>
<td>
<h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 10px 0px 5px;">
This year’s most valuable skill? Branding.
</h2>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px;">
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Businesses today face more competition than ever. Five years ago, the typical business had just
<strong>
2.6 competitors.
</strong>
Today? That number has almost quadrupled, to
<strong>
9.7
</strong>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
AWS, Shopify, and no-code significantly lowered the barrier to entry, which shifted the risk from,
<em>
“Can I build this?”
</em>
to
<em>
“Will anyone care?”
</em>
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
How do you compete?
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
Brand is the key to unlocking a cult-like following. Here are a few things to keep in mind when you’re building one:
</p>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Tell a story
</strong>
. Drift’s brand narrative has been passed around every B2B marketing team and helped them
<a style="color: #d62829; text-decoration: none;">
nab $114m
</a>
in funding. Just remember that the main character in the story is your customer, not your product.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Stand for something
</strong>
. Brand is not throwing a product on
<a style="color: #d62829; text-decoration: none;">
pastel backgrounds with sans serif font
</a>
. You must stand for something meaningful: “Think different” (Apple), “Real beauty” (Dove), “Arm the rebels” (Shopify). These brands have manifestoes that don’t accommodate indifference -- you’re either in or out.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Show how
</strong>
. Finish this sentence: “The best electric car is [blank].” Most of us aren’t thinking Nissan Leaf. Tesla offers a more compelling path to reduce oil dependence. Your dominant selling idea needs to be important, believable, and memorable to your market.
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Pick a fight
</strong>
. Without conflict, there’s no story.
<strong>
Jason Fried
</strong>
and
<strong>
David Heinemeier Hansson’s
</strong>
contrarian views helped build a
<a style="color: #d62829; text-decoration: none;">
$25m
</a>
Basecamp business. Last year they picked a fight with Apple over fees during the launch of Hey, their new email product.
<a style="color: #d62829; text-decoration: none;">
Apple eventually approved the app
</a>
… but not before the internet heard about Hey.
</li>
</ul>
</td>
</tr>
<tr>
<td>
<table cellpadding="0" style="padding: 10px 10px 0px; width: 100%;">
<tbody style="text-align: right;">
<tr>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share facebook" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Share on Facebook" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ffb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" width="30"/>
</a>
</td>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share twitter" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Share on Twitter" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ftwitter.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" width="30"/>
</a>
</td>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share email" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Send as email to a friend" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Femail.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" width="30"/>
</a>
</td>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
<a data-tags="share site" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="View on our website" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fweb.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" width="30"/>
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px;">
</td>
</tr>
<tr style="display: block; padding: 10px 2px 0px;">
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #D62829; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; padding: 0px 0px 10px; text-transform: uppercase;">
Small Business of the Day
</td>
</tr>
<tr>
<td style="padding: 0 0 6px;">
<img alt="FLIK co-founders" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fheadshots.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" style="height: auto; max-width: 600px; width: 100%;" width="600"/>
</td>
</tr>
<tr>
<td>
<p style="color: #5f696c; font-family: Helvetica, sans-serif; font-size: 12px; font-style: italic; line-height: 20px; margin: 0px; padding: 8px 5px 10px;">
FLIK co-founders Ravina Anand (left) and Michelle Kwok (right)
</p>
</td>
</tr>
<tr>
<td>
<h2 style="font-size: 22px; font-weight: bold; line-height: 26px; margin: 10px 0px 5px;">
New startup connects female students and founders, advancing women in business
</h2>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px;">
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
In 2019, college students Michelle Kwok and Ravina Anand were thrilled to take part in a Canadian entrepreneurial leadership program.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
But when they discovered that just 18% of their cohort were women, the excitement dissipated.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
To help raise that percentage, they launched a media company called
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
FLIK
</a>
to interview female founders and highlight their stories.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
In countless FLIK interviews, they heard the same thing: “Female founders are under-resourced, undercapitalized, and wished they had mentors when they were starting,” Kwok told us.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing: 0px; line-height: 22px; margin: 0px; padding-top: 8px;">
<strong>
The numbers don’t lie…
</strong>
</h4>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
While female-founded startups have
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
doubled
</a>
in the last decade, funding is at a 3-year
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
low
</a>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
But Kwok and Anand saw opportunity: They had like-minded peers interested in learning from the bootstrapped founders highlighted in FLIK’s stories.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
So they transformed FLIK into an apprenticeship platform to connect female students with female founders -- giving students on-the-job experience and mentorship, and founders much-needed extra hands.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
With positive testimonials
</strong>
circulating on Slack channels, FLIK’s small team started generating revenue late last year, charging founders $50/mo to use the platform. As of today, they’ve facilitated apprenticeships for over
<strong>
1.6k women
</strong>
.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
With a 10k-person newsletter community and members in 52 countries, the women-led business is on track to bring in
<strong>
$600k in revenue
</strong>
this year.
</p>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
For female founders and students, “it’s a win-win,” Kwok told
<em>
The Hustle
</em>
. As for her team, they “can’t wait to continue advancing women’s economic participation globally.”
</p>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Founders:
</strong>
Michelle Kwok and Ravina Anand
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Employees:
</strong>
7 employees, 3 contractors
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Year of launch:
</strong>
2020
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Cost to launch:
</strong>
$1k
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Funding methods:
</strong>
grants, accelerator, some bootstrapping
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
1st-year revenue:
</strong>
$35k (since Nov. 2020)
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
<strong>
Current annual revenue:
</strong>
$600k (projected)
</li>
</ul>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Want more startup stories?
</strong>
You can read dozens more
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
here
</a>
, including tales of:
</p>
<ul style="font-size: 16px; line-height: 20px; margin: 0; padding-bottom: 10px; padding-left: 12px;">
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
A red light camera defender
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
The “TurboTax for reputation management”
</li>
<li style="font-size: 15px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
A “younger, more profane” Hallmark Shoebox card company
</li>
</ul>
<p style="font-size: 15px; line-height: 140%; margin: 5px 0px 10px;">
<em>
Want your company featured? Fill out our SMB
</em>
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<em>
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</a>
<em>
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</em>
<a style="-webkit-text-fill-color: #d62829; color: #d62829; text-decoration: none;">
<em>
subscribing to Trends
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</a>
<em>
.
</em>
</p>
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<tr>
<td>
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<tbody style="text-align: right;">
<tr>
<td align="right" style="display: inline-block; padding: 0px 0px 2px; text-align: right;">
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<a data-tags="share email" style="color: #d62829; padding: 0 8px; text-decoration: none; white-space: nowrap;">
<img alt="Send as email to a friend" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Femail.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" width="30"/>
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</a>
</td>
</tr>
</tbody>
</table>
</td>
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</table>
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SHARE THE HUSTLE
</td>
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<a style="color: #d62829; text-decoration: none;" target="_blank">
<img alt="Hustle Cons Greatest Hits ebook" src="https://inboxflows.com/_/image/https%253A%252F%252Fsailthru-media.s3.amazonaws.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fgreatest%2520hits.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzYWlsdGhydS1tZSJ9:1l3I4R:fzXo5QFjkDkE_2tv5I9Mvqv1iR3XuNidWjo_FEM2dCw" style="height: auto; padding: 10px 0 6px; width: 60%;" width="325"/>
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<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 0px; padding-bottom: 10px;">
Over the years, we’ve learned…
<em>
secrets.
</em>
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 0px; padding-bottom: 10px;">
The business secrets, tips, and tricks that have helped founders go from zero to millions -- and even
<em>
billions
</em>
-- of dollars.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 0px; padding-bottom: 10px;">
Want to see ‘em? Just refer 3 more friends to The Hustle and we’ll send you our curated set of interviews with founders from brands like Zola, AWAY, Vungle, Bonobos, and more.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 0px; padding-bottom: 10px;">
Here’s a message you can use to share with your friends:
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Hey! Do you read The Hustle? It’s the best daily business newsletter out there -- only takes 5 minutes to read and you’ll sound like the smartest person in the room. Sign up here, it’s free:
<a style="color: #d62829; text-decoration: none;">
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<em>
P.S. You can always check your referral count
<a style="color: #d62829; text-decoration: none;">
here
</a>
.
</em>
</p>
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Amy McMillen
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Steph Smith
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Editing by: Brad
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Wolverton, Lou Gubrious (Financial Forecaster).
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