How To Go Viral on TikTok And Build A Successful Business
Nov 7, 2024
auto_awesome
Marcus Milione, the Founder of Minted New York, shares his journey of launching a successful fashion and jewelry brand during the pandemic. He emphasizes the power of engaging content and community feedback in building a brand. Milione discusses the challenges of transitioning from finance to entrepreneurship, highlighting the grit needed to succeed. He also reveals how TikTok has been a game changer for marketing, despite the tough competition and high costs of running a business in New York City.
Leveraging TikTok for authentic storytelling fosters deep connections with customers, enhancing brand loyalty and driving sales.
Establishing transparent relationships with manufacturers is essential for entrepreneurs to scale effectively and navigate industry challenges.
Deep dives
Building a Business through TikTok
Creating a business using TikTok can be a viable strategy, as demonstrated by the success of a brand founded on the platform. The founder began making fashion videos during the pandemic, which gained immense popularity and resulted in significant engagement, including over 12 million likes. By sharing the production process and story behind each piece of jewelry, the brand was able to foster a deeper connection with potential customers, encouraging them to invest in the product. This approach showcases the power of authentic content in creating brand loyalty and driving sales.
Navigating Manufacturing Relationships
Establishing strong relationships with manufacturers is crucial, especially for entrepreneurs new to the industry. The founder emphasizes the importance of being upfront during initial meetings and communicating growth potential, even when minimum order quantities cannot be met. By securing early partnerships with manufacturers willing to take a chance, the brand was able to scale operations effectively as demand increased. This highlights the significance of persistence and transparency in fostering successful business relationships.
The Philosophy Behind Pre-Orders and Customer Trust
The decision to avoid pre-orders reflects a commitment to customer trust and brand integrity. The founder believes that relying on customer funds before product delivery may signal a lack of confidence in the brand, potentially alienating new customers. Instead, using personal capital to fund production allows for quicker turnaround and improved customer satisfaction, especially in an era where consumers expect fast delivery. This philosophy reinforces the importance of a solid foundation of trust when building a new brand.
Marcus Milione launched and scaled his business, Minted New York, by sharing his journey online. Throughout development, he brought customers for the ride, incorporating their feedback along the way. Learn how to build in public and earn trust as the face of your brand.