(06-11-2018, 03:06 PM)Optometrist Wrote: Ryan, when the new scents go live, will they also be available from Maggard Razors or will they be receiving at a later date?
Hi David,
We were going to announce this soon, but now is a good time. This information will also follow in a Newsletter. In a previous post I alluded to the fact that we were changing some things about our business.
T+S just turned 2, and it has always been my goal to keep this as a part time business, as I enjoy my career and it would be difficult to be an entrepreneur full time and maintain my current standard of living. We grew the business to the point that our products were in 20 stores which is amazing and I’m very greatful for that, and i’m thankful for the support we’ve received from retailers and the relationships we’ve built. However, it just became too difficult to manage.
The other problem is the increasing cost of essential oils, as hurricanes, floods, and other natural disasters wreak havoc on crops around the world. Many oils have increased in price 25-50% since we launched 2 years ago, and we haven’t raised prices - I don’t want to. This makes for some fairly slim margins when having to wholesale, as our products (some more than others) are very expensive to manufacture. Some of our products, the retailers make almost 3x as much selling it as we do when we wholesale it to them. Whoelsale also limits what we can do - there were scents we’ve made that we simply can’t launch because they are too expensive to sell at wholesale prices.
We made the decision to downsize, and sell directly from our website only. This way we can continue with our current prices and not raise them, and it also gives us room to expand our creativity and release things that we simply couldn’t in the past - 2 of our new scents for example. Not having to keep up with orders from retailers, means more time for experimentation and creation, so look out for far more LE and special releases. To help with the cost of shipping, we now offer free shipping in North America on orders over $99 CAD / $75 USD, and discount our shipping rates quite heavily (this means we pay a portion of the shipping) on orders less than that, and international orders. I feel like this will help out our American customers.
Also - something we are really excited about is that we are releasing the formula for all of our scents. The exact composition for each will be posted on our website, and on the product labels as well. (The labels for our current scents will follow) There is an increasing trend in the wetshaving world to release scent “notes” only. You don’t know what is natural or synthetic, or what exactly goes into the scent. Fine for perfume, but when you are rubbing it into your skin, we believe in being transparent. We have always believed in empowering customers and being as transparent as possible, and as customers are becoming more knowledgeable all the time, we think that allowing everyone to see exactly what % of each oil makes up the scent, it will not only help them make informed decisions on purchasing, but assist them in further understanding scents, and help them learn what different compounds smell like.
Well that’s it! The trailer for our Limited Edition scent will drop tomorrow - I will post the video link here and also on our Instagram.
Cheers everyone!