How did four brothers get into skin care? The story begins a few years ago when the four Mastronardo brothers discovered the health benefits of coconut oil for the skin. The brothers were inspired to formulate a responsible skin care line with ingredients derived from nature. A few months later, Nardo's Natural developed their first moisturizer in their kitchen. The family business has since introduced a variety of organic products and continues to grow everyday.
Featured on the Shark Tank in Season 3, the Nardo brothers brought Barbara Corcoran on board as a strategic investor and partner. Tune in to hear how their business has grown since then.
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Topics Discussed:
- Early stages of a business where you can be juvenile and carefree
- Organic vs conventional skin care products
- Leveraging local B2B relationships to go national
- Competing against big brands with large marketing budgets
- Profit margins in the skin care industry
- Benefits of Coconut Oil
- Common mistakes people make with skin care
- Consistency within organic products and geographic locations
- Marketing challenge of four brothers in skin care products
- Finding a business mentor that wants to see you grow
- Sticking with your guns and the long-term business plan
- Building authority and giving education for every application
- How the business model of B2B with a mesh of B2C works online
- What makes repurchasing rates high with existing customers
- Danger of making claims and without getting products medically tested
- How the business grew from getting exposure on the Shark Tank
- How to determine if you will air on Shark Tank
- Having your website go down with high traffic spikes
- How to work with a strategic investor and leverage their experience
- Guidance vs Funding and looking for investors
- Benefits of using external consultants for rebranding
- Creating peripheral branded products like calendars
- Using the business plan as a compass for long-term goals
- Being flexible and dealing with B2B last minute cancellations
- Learning about business in a classroom vs the real world
- Getting featured on Good Morning America and on New York's Times Square
- Understanding sunscreen and how zinc oxide works
- Declining opportunities to stay faithful to your customers
- Owning variations of your brand across different web domains
- Importance of learning internet marketing early
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