Business
Listen to the podcast or watch the interview video on YouTube: Abby Walker, Founder and CEO, Vivian Lou Subscribe to the Founders and Startups YouTube Channel to see future videos as they're released! ++++++++++ This podcast was recorded on May 15, 2020 while quarantined during the COVID-19 pandemic. Abby Walker is the Founder and CEO of Vivian Lou, the exclusive worldwide distributor for Insolia, weight-shifting insoles that allow you to wear high heels four times longer without pain. Abby designed her business processes to distribute work, so that she’s not overly dependent on a single individual or agency. She works closely with contractors on design, fulfillment, advertising, marketing and other services and has no full-time employees. This allowed her to approach $4M in 2019 revenue. The name Vivian Lou represents the attributes of women that Abby wanted to serve. For example, she can run with the boys but is feminine. Vivian is Abby’s daughter’s name and she embodies the target customer. In 2012, Abby was working full-time in a public relations and communications role and felt that she needed a new mission and inspiration. Her first step was to create a shoe blog that she worked on for one hour every Saturday morning. While researching her blog, Abby learned about foot sprays and creams that contain lidocaine to reduce foot inflammation and pain. Abby found it disturbing that women were spraying lidocaine on their body, a numbing agent used by dentists. So she set out to create her own organic foot spray and hired a clinical herbalist and naturopathic doctor to help create an all-natural, anti-inflammatory product. What followed was an invaluable lesson. Abby invested $2,500 to manufacture the foot spray. She learned that creating a large batch of the formula caused a chemistry change and the resulting product was different than her original formula. The product was unusable and she wasn’t able to recoup her investment. Abby believes that everything happens for a reason and listens to what she calls “little whispers” to take action. She says that there’s opportunity waiting behind failures and believes in moving forward a little bit every day. Her failed foot spray led Abby to the inventors of Insolia and the opportunity to be the sole distributor. Abby didn’t use her name on emails or the Vivian Lou website for many months after launching. At first, she considered this a hobby business and had a full-time corporate sales job. But she was also giving into impostor syndrome feelings such as “you’re not good enough,” “you’re not smart enough,” and “you’re not worthy.” To address impostor syndrome, Abby worked with an Emotional Freedom Technique (EFT) therapist once or twice per week and it immediately strengthened her resolve. After that she added her name to emails and started talking openly about her business. Sarah Shaw, a previous guest on the Founders and Startups podcast, has helped Abby with celebrity and magazine outreach as well as retail store placements. Key takeaways: Getting over the fear of taking a risk is a work in progress. While launching the company Abby took the focus off herself and thought about customers instead. Abby worked with Ursula Mentjes, sales coach and speaker, who encouraged her to double prices. However, after about a year working full-time at Vivian Lou, Abby still wasn’t making enough money to cover her budget and returned to the corporate world. Before starting her new full-time job, Abby’s brother-in-law introduced her to Story, a boutique shopping experience created by Rachel Shechtman, that features products related to one theme at a time. Abby was invited to pitch Vivian Lou insoles to their judges, Tory Johnson from Good Morning America Deals and Steals, and Mindy Grossman, who at the time was CEO of the Home Shopping Network (HSN). Her three-minute pitch was successful, and she was fast-tracked to present her products on HSN. Abby pitched Story in Sept. 2015, started her new corporate job in Oct. 2015 and went on HSN to sell Vivian Lou products in Jan., Feb. and April 2016. The products sold out each time she appeared. HSN and QVC merged and Vivian Lou products are still sold on QVC. Facebook ads helped Abby to create consistent growth. Due to Covid, sales have tailed off because people are not wearing high heels at home. Abby is taking this time to slow down and examine processes to increase profitability of each sale. +++++ Learn more at vivianlou.com | Instagram | Facebook | Pinterest +++++ How would it feel to elevate your business while creating a more fulfilling life? If you’d like to discuss possibilities, send me a note at Lisa (at) EverBetterU.com. Learn more about working with me, Lisa Conners Vogt, at EverBetterU.com. Here's what a recent client said: "Lisa offers a holistic approach to coaching business owners. Her unique approach allowed me to articulate goals involving my employees, investors, family, community, customers and myself. She draws out the entire spectrum of the entrepreneur's objectives and brings them into a manageable and livable perspective." +++++ Special Thanks To: + Josh at Podcastguymedia.com for his patient editing and guidance. + Darko at darkokriznik.com for his stellar video editing and graphic design.