
The Small Business Radio Show
#754 Build Your Business with Community-Led Growth
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Podcast summary created with Snipd AI
Quick takeaways
- Fryway focuses on addressing a clear white space in the market by providing a solution for easy cooking oil disposal, targeting regions with high frying activity and population density for retail expansion.
- Fryway aims to change habits and promote responsible oil disposal practices by educating consumers about the importance of proper cooking oil disposal, challenging misconceptions and highlighting the broader environmental impact.
Deep dives
Fryway: Solving the Problem of Proper Cooking Oil Disposal
Fryway is a solution developed by Laura the Lady to address the problem of proper cooking oil disposal. The product is a non-toxic substance made from plant-based fats that solidifies the oil for easy and environmentally friendly disposal. Laura recognized the need for a convenient and effective way to dispose of cooking oil, which often leads to clogged pipes and environmental contamination. By focusing on convenience, ease of use, and environmental friendliness, Fryway aims to stand out in the market and address the problem of cooking oil disposal. With plans to expand to 7,000 stores, including major grocery retailers, Fryway is targeting regions with high frying activity and population density. The brand's clear proposition and focus on addressing white space in the market have helped it gain traction and interest from retailers. Although challenges exist in terms of cash flow management, Fryway is careful to control its growth and focus on feasible opportunities that align with its financial parameters. The target customers for Fryway are those who frequently fry food and care about the proper disposal of cooking oil. By addressing the issue of misinformation and educating consumers about the importance of proper oil disposal, Fryway aims to create a positive change in the cooking oil market. Its presence on platforms like Amazon has been crucial for increased visibility and consumer discovery, serving as a low-risk option for people to try a new product.