Business Movers

An Elf-Made Success | Elfy Profits: How The Elf On The Shelf Found Its Place At Christmas | 2

17 snips
Jan 2, 2025
Neal Hoffman, author and creator of The Mensch on the Bench, shares his journey of inspiration drawn from The Elf on the Shelf. He discusses the tough lessons learned in entrepreneurship, including crowdfunding challenges and the importance of Jewish traditions. The podcast explores the balance between innovation and homage, revealing how success in holiday-themed toys hinges on emotional family connections. Hoffman also dives into how social media and community engagement have transformed self-publishing, alongside navigating the complexities of public criticism.
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ANECDOTE

Mensch on a Bench Origin

  • Neil Hoffman's son asked for an Elf on the Shelf, prompting Hoffman to invent Mensch on a Bench.
  • This doll and book celebrate Hanukkah and Jewish values.
ANECDOTE

Kickstarter Grind

  • Hoffman launched Mensch on a Bench on Kickstarter, but it gained little traction.
  • He personally reached out to his network and bootstrapped the project with his wife's help.
ADVICE

Pre-selling over Fundraising

  • Instead of traditional fundraising, consider pre-selling products.
  • This approach mitigates risk and validates demand before significant investment.
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