Young and Profiting with Hala Taha - Karissa Bodnar, Thrive Causemetics Founder: Entrepreneurship Gave Me The Freedom To Donate $150M in Value to Over 500 Charities | Entrepreneurship E253

Episode Date: November 3, 2023

Karissa Bodnar was in her early twenties and working her way up the cosmetic ladder, from a make-up artist at Sephora to Clarisonic and then to L’Oréal. But when she hit a brick wall after losing a... close friend to cancer at 24, she came to the realization that she had to stop waiting around and build the beauty company of her dreams. She started her own company from her one-bedroom apartment, taking orders herself and making product formulas on her kitchen counter. That company, Thrive Causemetics, is now a multimillion-dollar business, selling “clean” cosmetics that can be worn by everyone. In this episode, Karissa shares the details of the stages of her entrepreneurial journey and how she was able to get her company from the kitchen counter to where it is today.   Karissa Bodnar is a makeup artist, beauty product designer (cosmetic chemist), formulator, and entrepreneur. She launched Thrive Causemetics, a vegan direct-to-consumer cosmetics brand, in 2015. Karissa’s passion for empowering individuals through beauty has also taken her from backstage at New York Fashion Week to working with a roster of high-profile clients.   In this episode, Hala and Karissa will discuss: - Her early hustles on a farm in rural Washington - How cosmetics gave her confidence - How personal tragedy sparked a new direction - The importance of “clean” cosmetics - Why scarcity drives focus - How to build a side hustle without quiet quitting - Using Shopify and finding her initial sales channels - Going 100 percent direct-to-consumer - Naming products after her own customers - And other topics…   Karissa Bodnar is a makeup artist, beauty product designer (cosmetic chemist), formulator, and entrepreneur. She launched Thrive Causemetics, a vegan direct-to-consumer cosmetics brand, in 2015. Prior to starting the company, she worked as a product developer at L'Oreal in the premium skincare and color cosmetics category. Her "clean" cosmetics can be worn by people with compromised immune systems. Karissa’s passion for empowering individuals through beauty has also taken her from backstage at New York Fashion Week to working with a roster of high-profile clients.    Resources Mentioned:  Karissa’s Website: https://thrivecausemetics.com/pages/our-story Karissa’s LinkedIn: https://www.linkedin.com/in/karissa-bodnar-0413899/  Karissa’s Twitter: https://twitter.com/karissabodnar?lang=en Karissa’s Instagram: https://www.instagram.com/karissabodnar/?hl=en Karissa’s Facebook: https://www.facebook.com/people/Karissa-Bodnar/100063804366110/   LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course.    Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Zbiotics - Head to ZBiotics.com/PROFITING and use the code PROFITING at checkout for 15% off. Pipedrive - Go to youngandprofiting.co/pipedrive and get 20% off Pipedrive for 1 year! Rakuten - Start shopping at rakuten.com  **Disclaimer: Cash back rates on Rakuten change daily. Masterclass - Get 15% off right now at youngandprofiting.co/masterclass Relay - Sign up for FREE! Go to relayfi.com/profiting **Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance provided through Evolve Bank & Trust and Thread Bank; Members FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted.    More About Young and Profiting Download Transcripts - youngandprofiting.com  Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review -  ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting   Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala   Learn more about YAP Media Agency Services - yapmedia.io/

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Starting point is 00:00:11 There were brands that were, you know, during breast cancer awareness month, donating, you know, 10% of sales to a breast cancer charity. But I thought, what if we could do it every single day? What if everything that we did was surrounded around purpose? I started with one charity and one cause. And now it's grown to over 500 charities. And that really is a testament to our community and our customers. It doesn't matter where you come from.
Starting point is 00:00:40 You can be anything you want to be. if you're willing to put in the work, the fact that someone like me who went to Bellevue Community College in Washington State was able to get someone like Robin Roberts, who's an icon at Good Morning America, to pay attention to me,
Starting point is 00:00:55 is a testament to how gracious people are. Consistency compounds. If you are tenacious in your pursuit, you will find that person that believes in you. What is up young and profitors? You're listening. to Yap, a young and profiting podcast where we interview the brightest minds in the world and unpack their wisdom into actionable advice that you can use in your daily life.
Starting point is 00:01:26 I'm your host, Halitaha. Thanks for tuning in and get ready to listen, learn, and profit. Welcome back to the show, young improfitters, and boy, are we living in exciting times. As Harley Finkelstein, the president of Shopify put it to me recently, entrepreneurship is having a renaissance moment. More people than ever are starting a business and the tools and technology that are available to help with this have never been better.
Starting point is 00:02:03 Today's episode is part of a special series that we're doing with Shopify about how technology is changing the landscape of entrepreneurship and how technology is empowering founders to disrupt industries like never before and often from the comfort of their own homes. In this series, we're talking with trailblazing founders
Starting point is 00:02:20 and learning how platforms like Shopify enable them to compete with the heavy haters in their industries. Today, I am thrilled to be joined by Carissa Bodnar, the founder and CEO of Thrive Cosmetics, a vegan direct-to-consumer cosmetics brand that has been shaking up the beauty industry and making waves previously unimaginable for such a young company. Carissa, thank you so much for being here and welcome to Young and Profiting Podcast. Thank you so much for having me. I am so excited because you are an extremely successful young female entrepreneur and I'm a
Starting point is 00:02:51 girly girl. So I love makeup. I've used Thrive products. I was probably one of your first customers. I bought your mascara a long, long time ago. And so I'm really looking forward to hearing the behind the scenes of your incredible founders journey. And before we get into all of that, I did want to spend a bit of time on your background, understanding where your passion from entrepreneurship came from, and your passion for the beauty world as well. And so I found out that you grew up on a farm in Washington. So what was young Carissa like back in the day? How did growing up in Stanwood shape your entrepreneurial spirit? Oh my gosh. Well, first of all, I have to say thank you so much for purchasing our products. That means so much. I am only here because of our customers.
Starting point is 00:03:34 And I very much remember what it was like to have that Shopify app on my phone with zero sales. That was the first few years. So I very much appreciate you purchasing from us because that's how I get to be on this podcast. So thank you so much. But to answer your question, growing up when Stanwood was magical, I love the fact that I grew up with out cable or internet and was on a farm, literally on a dirt road, surrounded by animals. I was sandwiched in between a cow farm, a sheep farm, a horse farm, and then we had a little bit of everything at our farm. It was the best. But to answer how I was when I was a child, is I was definitely full of energy. I was very creative. I loved telling stories even before I could write them to the point where I would sit down with my mom and say, Mom, Mom, I have a story. And she would
Starting point is 00:04:26 recite it. I remember that. I was always challenging the status quo. I wouldn't say that I was an easy child to raise by any stretch of the imagination. I had a lot of passion for whatever I was focused on, whether it was the latest infomercial I had seen, and mom and dad, we have to buy this, or creating a lipstick in my parents' kitchen using a bunch of different ingredients like crayola crayons and steamed rose petals. So I had a lot going on, but ultimately, when I think back about that, I think about how the challenging parts of me ultimately helped give me strength. And the challenges that I went through helped me become more resilient. I love that. I love your story and I learned that you've been passionate about entrepreneurship since a young age.
Starting point is 00:05:13 Ever since you're a little girl, you had an incessant need to create. What were some of the examples of you scratching that entrepreneurial itch as a child and a teenager? Trying to. So, okay, so this is a funny one. And I know the statute of limitations has passed from me stealing toilet seat covers from my middle school, Port Susan Middle School in Stanwood, Washington. No, this is a joke.
Starting point is 00:05:35 So my dad was an educator. and I spent a lot of time in the schools, whether it was the school I was going to or another school in the district. And I remember being at Port Susan Middle School and reading in Allure Magazine that toilet seat covers were a pro tip for if you were out and about
Starting point is 00:05:54 and you needed to mattify your skin. We've all experienced that oily skin feeling. So whether you're using a setting powder or a blotting paper, what now has become blotting papers, this is something that before they were mass produced, I would take toilet seat covers from Port Susan Middle School and cut them and then take computer paper and make a cover for it. So it looked, quote, professional. And then I would sell it to my
Starting point is 00:06:20 different classmates. I would sell it door to door, including the door of my parents. And my parents were like, what are you doing weird? I think they indulged me a few times by maybe throwing a dollar my way. But, you know, Growing up on a dirt road, on a farm, I didn't have a ton of neighbors. And so lemonade stands, while I did them a few times, were not the most lucrative. So when I looked at the P&L, no, I'm just kidding. So I was always coming up with different things to create and trying to sell them. I went through an making Orange Julius phase where I was making Orange Julius.
Starting point is 00:06:55 Did you ever go to Orange Julius? No, I don't know what that is. Okay, this is a throwback. But we didn't have one in my town. We didn't have fast food restaurants in Stanwood back then. But I discovered through my home at class how to make smoothies, basically. And because I knew that they would upcharge for different boosters like protein or calcium when you would go to the mall at Orange Julius, I tried to do that by grinding up calcium
Starting point is 00:07:23 pills and putting them in a smoothie for my dad with that same recipe and trying to charge him for it in his own house. Like I'm living rent free and I'm charging my parents. I mean, I remember my dad was like, no, no. So I was always hustling, always trying to sell things, whether it was door to door or, you know, throughout the community. But there's so many fun examples. I also, when I was in high school, you know, I went through a really challenging time when I was in high school. I think so many people do, middle school and high school were tough.
Starting point is 00:07:54 And I was lacking purpose and where I really feel like I got the opportunity to create my first product that was commercialized. was I made a monopoly board. And I went door to door to the local businesses in the town I was living in, and I sold those squares. The park place was a local business. So it was an advertising opportunity for those people, those business owners, I should say, and it covered my cost of goods.
Starting point is 00:08:23 So the shrink wrap, even like I had color on the outside of the box, it was called Twin Cityopoly. And I had color pictures on the outside because it was more expensive and then on the inside, was black and white, leveraging more of the vintage photos from the town. And it was advertising that I was sharing with them. My pitch was like, you're going to pay me $400 right now for this square. And this advertising is going to live in perpetuity for you. And when I do radio on the local radio, you'll be able to get advertisements if you buy this type of square with me. So I learned
Starting point is 00:08:56 upselling. I learned salespersonship. I learned product development through creating that Monopoly Board, which ultimately was a fundraiser for my future business leaders of America chapter. And I went from this state of being highly disengaged, depressed, and really struggling with even being motivated to go to school every day, to then coming alive. And so that was where I really solidified, like, wow, I can do this. And I'll never forget what it was like to hold that Twin Cityopoly board for the first time. And it really was my first commercial product. And it ultimately raised $25,000 for the local chapter. Yeah, because it covered the cost of goods and then we would sell them at local businesses. And so it was a really awesome opportunity for me. And I will always be
Starting point is 00:09:45 grateful for future business leaders of America and DECA, which is a marketing organization for high school kids. And I'll always be grateful for those experiences because it really changed my life. Yeah. I mean, it sounds like you were a hustler for such a long time. And I was very similar. I started my first business when I was four years old selling like pictures at Sunday school that I would like make my cousins make. So very similar to you. You are incredible. Wow. You're a blotting papers that you created. Now you see them everywhere. I had a similar story where I would cut up like silicone scar sheets and like those band-aids that are like gel band-aids and I would use them for my pimples and then I would give it to all my friends. And now they've got these pimple sticker
Starting point is 00:10:28 sheets everywhere. So it's so funny how when you're young, you just like invent these things. And if I had focused on it or if you had focused on your blotting papers, you know, who knows what it would come about. But so cool to hear your journey. That's incredible. You are a genius. That's amazing. Scrappy, maybe. I don't know about genius, but thank you. That's sweet. So I also found out when I was doing your research that you have a grandmother, Ruthie, who really inspired you. She was an immigrant who came to Ellis Island. And you say you carry a lot of her spirit with you. Can you, talk to us about that. Oh my gosh. Yes. My grandma Ruth and my grandma Jackie are two of my biggest inspirations. And my grandma Ruth did immigrate to America. And she came over from Germany during
Starting point is 00:11:12 Nazi Germany. So it was a war-torn country. And she was such a tenacious person who overcame so much. Not only was she an immigrant to the country. And I think so many people can relate to that, without going to college, working at a bank, she had an amazing career, then ultimately became a mom and was a lunch lady. And like, she just was always hustling, always doing different things.
Starting point is 00:11:38 There was no excuses with her. And both of my grandmothers, my grandma Jackie, was such an amazing spirit because, you know, in the 90s when they would say, oh, kids are so cute. I feel like now they don't tell kids
Starting point is 00:11:50 that they're cute anymore. It's like, oh, no, you're smart, you're strong. And you see all those amazing TikToks. where people are sitting there reciting, like, I am powerful with my kids. Literally my grandma Jackie would do that with me. And so she would take me in front of the mirror and say,
Starting point is 00:12:04 I am powerful, I am strong, it's okay to cry. And when people would tell me, oh, she's so cute or say that about me, she would say, no, no, no, tell her she's smart. Tell her she's going places. And I get choked up just thinking about it because it left such a major impact on me. And so both my grandma Ruth and grandma Jackie are a huge inspiration. to me. And unfortunately, they've since passed, but I have amazing grandparents. And I also, I have an amazing bonus grandma, Sandy, who talk about badass. She was working in tech in the 80s and
Starting point is 00:12:38 90s, one of the only women doing what she was doing. Truly amazing. And she has always supported me. My grandpa, Gary, who is kind of famous on our Instagram, I was lucky enough that they got married after my grandma Jackie passed away. And she's just been such an amazing bonus grandma. I don't like saying step grandma. I'm like, she's a bonus grandma. So let's talk about how you fell in love with the beauty industry. You say that at 10 years old, you knew exactly what path you wanted. You wanted to be in the beauty industry and you took multiple different paths in that lane to ultimately land where you are today. So when did you first discover that you had such a big passion for beauty? Oh my gosh, because I had messed up teeth and I didn't
Starting point is 00:13:18 like how my face was looking. You know, I was like, you know, like so many kids, you go through those ages where you're like, oh my gosh, my teeth are so messed up. And I don't know, you know, I have blemishes and how am I going to act in this elementary middle school time? And so I think from that perspective, it was the confidence that it gave me. And it also tapped into this creativity, like we talked about earlier, that I, that I've had since I was born. And so the creative side of me, plus the way that makeup and skin care and hair care, we all know what we feel like when we have that amazing mascara on or that power lip. I discovered that really through my own insecurities, but I've always loved in the beauty industry the way that it makes people feel confident because when we are
Starting point is 00:14:07 confident, we are unstoppable. And we all go through phases, even throughout the day where sometimes we have imposter syndrome, there's nothing that a little lipstick can't do to overcome imposter syndrome and give you that power lip that you need to go rock that meeting. Yeah, I love it. I love that you took this passion and you built it into a business as an entrepreneur. You know, I was always really into makeup and beauty. And I even went to school for chemistry because I wanted to make makeup. It's so funny. And I ended up not being great at chemistry. And I switched to marketing and did this whole other path. But it's just so cool that you knew what you wanted to do since you were a little and you kind of just kept at it and took different turns. And this is something I'm really passionate
Starting point is 00:14:49 about. I spend a lot of time with girls in STEM. And what I have felt, and I'd be curious your perspective because you studied chemistry. I was also not the best chemistry student. What I was really good at, though, was cosmetic chemistry. I just didn't know that's what I was doing in high school. I didn't know that. And so if the subject matter had been targeted towards an industry that you may have been more passionate about, like cosmetics, do you think you would have been a successful
Starting point is 00:15:15 chemistry student? Definitely. I think I would have honestly done something similar to what you had done. But like, it's just so interesting that you can find purpose in your passion. It is totally possible. And even today, I didn't go that route. But maybe one day I will find myself back there, you know, selling skincare or whatever it ends up being, right? You got to get in the lab with me.
Starting point is 00:15:37 Let's do it. Yeah. We can name a product after you. We name all of our products after inspiring people. And it would be incredible. Let's go to the lab. We'll make it. Do you want a lipstick?
Starting point is 00:15:46 You want an eye shadow? Probably lipstick or like, yeah, lipstick. or like, yeah, lipstick would be awesome or lip gloss. I'm really glossy. Okay. Well, you got to mix it with me. Yes. I, hey, you know what? I cannot bake you a cake worth a damn, but I will make you an amazing lipstick.
Starting point is 00:16:01 I love it. So in terms of your beauty career, you were a makeup artist at Sephora for many years. You then worked at Clarasonic, L'Oreal. And you mentioned your grandmothers, three of them, who were great female mentors to you. But you also had another mentor that. was not family. And it was an executive that you met at L'Oreal that you say changed your life. Can you talk to us about that? Yes. Oh, my gosh. So I stand on the shoulders of giants, first and foremost. And I get emotional when I talk about it. But who you're talking about is
Starting point is 00:16:34 Carol Hamilton. And she made such an impact on me. When I first met her, L'Oreal had just purchased Clarasonic. And I did not know what that meant? I was like, wait, did a drugstore brand just buy us? Because we were a luxury brand. You know, we were sold at dermatologists and plastic surgeons. And I was creating formulas with them to really change the game of, you know, if people aren't familiar with Clarasonic, it was a really amazing innovation for facial cleansing. And so when Clarasonic was purchased by L'Oreal, I met this amazing woman who I think is 5'2 as well, because I'm 5'2.
Starting point is 00:17:09 So this amazing woman with this fabulous blonde Bob came into our office in Redmond, Washington, and she came to talk to us. And I just went up to her and I was like, her name was Carol Hamilton and I was like, I want to be just like you and, you know, and tell me all about your journey. And she said things to me that left such a profound impact. Like, you know, I may not have an MBA.
Starting point is 00:17:32 And I feel like MBAs are not as needed now. I don't have an MBA. But Carol was like, I may not have an MBA, but I have an MBA in the beauty industry. And let me talk to you about how I worked my way up through the industry. And I remember, I was fortunate enough, and Carol was a part of why I got to do this, to go to Paris when it was
Starting point is 00:17:52 called Mondial, which was our annual meeting where we would create these amazing products and then pitch them to our countries, the international countries, because L'Oreal is a global company, those country managers were our customer. So, you know, now a lot of beauty brands, your customer is either, like, if you're Thrive Cosmetics, it's your customer that's on your website, because we're 100% direct to consumer, or if you are another beauty, beauty brand that's maybe sold at Sephora, your customer is Sephora. And so I got to pitch to our country customers. And I remember sitting there with Carol in this amazing auditorium. And I just said, oh my gosh, Carol, you've changed my life. You really have been such a force in this industry. And
Starting point is 00:18:34 anyone who knows of her or knows her knows that she's a legend. I mean, she's like the Anna Wintor of beauty. She's amazing. And she said, I paved the way so that you could change. the industry. And I, like, I'm like literally going to cry. To tell a 22, 23 year old person that there's, you know, still basically a kid, to have somebody say that to me, I was like, oh, yeah, why couldn't I change the industry? So someone like her, you know, Blythe Jack, Leslie Blodgett. I mean, there's just so many amazing people who've paved the way for me. And I know that I am only here because so many women, I mean, I have had it easy compared. And by the way, entrepreneurship is hard. It's really hard. It's a hard. It's a,
Starting point is 00:19:15 seven day a week, 24-hour thing. Even 10 years into it, it still is for me. It ebbs and flows for sure, but it really has to be a calling. And I also recognize that there are women like Leslie Blodget, who's the founder and CEO of Bare Minerals. She paved the way for me. She had it so much harder. And she still doesn't complain. She's one of my role models. So I just, I've been so absolutely blessed in this industry to be surrounded by incredible people who have helped pave the way for me, and still are. Oh my gosh, you're making me tears. I could tell that you feel so passionate about that. So shortly after this, you actually hit a really dark point in your life.
Starting point is 00:19:54 And you lost a close friend, Christy, to cancer. And out of darkness, a lot of the times the biggest shining moments come about. And you said that you remember sitting at her funeral and being highly aware that she lived her life to the absolute fullest. And that really inspired you. So talk to us about how that tragedy really helped. you pivot your career, gave you more purpose, and how that loss really impacted the next steps that you took in your life. Yeah, you know, it's still challenging to talk about, honestly,
Starting point is 00:20:26 but I think that all of us can relate to this moment when there's some tragedy that happens during your life. A lot of times it is a death of a loved one. And those are the moments where you take stock of your life and think about, okay, well, what am I doing every day to contribute to the world is what I'm doing, getting me to where I want to be. And I was where I wanted to be in the sense that I loved the beauty industry. And I felt so much purpose in what I was doing. But what was missing for me was philanthropy and giving back. And credit to my family, I was always surrounded by philanthropy. And I really do think growing up in a church was a big reason why I have that in my DNA. So I very much appreciate that about my family. And I also think, you know, being a millennial, we want to change
Starting point is 00:21:12 the world. We want to give back. And there were brands that were, you know, during Breast Cancer Awareness Month, donating, you know, 10% of sales to a breast cancer charity. But I thought, what if we could do it every single day? What if everything that we did was surrounded around purpose in the fact that we are creating products for consumers that are purposeful and that are different, that are truly differentiated, creating things from scratch, but really also honoring people by the way that beauty is this vehicle for connection and confidence. And so that's why I wanted to donate makeup and skincare. And my goal from the beginning was to be able to donate a full face of makeup and skincare.
Starting point is 00:21:54 I wanted people who had experienced domestic abuse or who had been unhoused to arrive at one of those giving partners like we have, Mary's Place, one of the largest homeless shelter networks in Washington. I wanted them to arrive and have beautiful luxury makeup and skin care available to them. And I started with one product and I started with one charity and one cause. And it was specifically the cancer community that I started with. And then it grew to domestic abuse. Then it grew to the unhoused community. Veterans were very active with the LGBTQ plus space and really want to support
Starting point is 00:22:32 underrepresented minorities. And it's just so amazing to think that I started with, one charity in Washington State, and now it's grown to all 50 states around the world. And that really is a testament to our community and our customers because they had a vision that was so much bigger than what I could have even dreamed of when I first lost Christy. I'm also really grateful that Christy's family is still involved in the business. And our 10-year anniversary is coming up soon, and we're working on something really exciting with the charity that Christy worked at, the Tanzanian Children's Fund. So it's amazing to...
Starting point is 00:23:07 to honor her life and I wish she was still here. But in so many ways, she is here. You know, she's just present. I see her in the eyes of our beneficiaries and getting to still have such a close bond with her parents and her brother and his wife. Like, it's just so special to see the way that I've been able to honor her, this community has, and ultimately so many other people. At Yap, we have a super unique company culture.
Starting point is 00:23:34 We're all about obsessive excellence. We even call ourselves scrappy hustlers. and I'm really picky when it comes to my employees. My team is growing every day. We're 60 people all over the world. And when it comes to hiring, I no longer feel overwhelmed by finding that perfect candidate, even though I'm so picky because when it comes to hiring, Indeed is all you need. Stop struggling to get your job post noticed.
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Starting point is 00:26:02 Get more with Northwest Registered Agent at Northwest Registeredagent.com slash Yapfrey. free. Yeah, that's so incredible. It's so awesome what you're doing. You guys have donated, I think, $135 million in charity. It's crazy what you guys have done. It's incredible. And nothing is better than when you align purpose to profits, right? And so it's awesome that you're able to create jobs and also help people and support your friend's family like you just mentioned. So it's awesome what you're doing. In addition to you getting involved with charity, another big aspect of your brand is that it's clean, it's 100% vegan, there's no sulfates or parameds, it's really good for you. And I know that it's good for people who have immunocompromised health issues,
Starting point is 00:26:49 right? Yeah, we work with oncologists and ophthalmologists to evaluate our formulas in addition to dermatologists and plastic surgeons. So for people who may not be aware, why is traditional makeup not good for these types of people and not good for anyone, quite frankly? Yeah, I mean, I think clean is a bit of a buzz term to be fully transparent. And I think you have to define what that means to you as a company. Like sustainability, it's a continuum. So we're never finished trying to be cleaner as a beauty company or to be more sustainable. So there are certain ingredients like paribins and sulfates, which can cause irritation in the skin.
Starting point is 00:27:29 They can be endocrine disruptors. there are a lot of dirty ingredients that have historically been in makeup. And I think the industry as a whole is moving towards cleaner ingredients. And so for me, though, it's really important to get the leading experts, especially in the space of oncology, because we know that skin is our largest organ. And so what can we be learning today and tomorrow and five years from now that's going to ultimately have an impact on our skin? I love to say the term infinite impact. Every time we're creating a formula, it's like what we do today and what we create today is going to have an infinite impact, both from a sustainability perspective, from a health perspective for our consumers. And we're never finished. We're never finished trying to be cleaner. And there's always amazing technology that we are beautiful team here at Thrive Cosmetics and bigger than beauty skincare is actively working with different regulatory groups and experts in the medical field to create formula.
Starting point is 00:28:29 that are clean. And also effective, though, because if your formulas, I mean, I remember when Parabin-free and sulfate-free was kind of like gluten-free bread in the 90s, it was a little like cardboard. And so that innovation is always happening. And so you have to have your finger on the pulse. And I'm really grateful to work with amazing people at this company that help us do that. Yeah. And so like I mentioned before, skincare junkie, makeup junkie, I was always trying to get natural products. And when I first came across your product, I think it was on Instagram. You guys knew exactly who to advertise to. I remember being like, wow, this is so different. This is vegan. I buy makeup online. I've never done that before. So it was very different. So curious to
Starting point is 00:29:10 understand when you first came out, was there a lot of education that you had to do around this topic? Absolutely. You know, I've always said that people purchase our products because they're high performance and because they're doing something that they can't get elsewhere. So we can't put an asteris next to vegan and cruelty-free and paraben-free, sulfate-free, all the things. We can't put an asterisk next to that and say, oh, and it's not going to perform as well. Like, it has to actually perform better than the competition. And so I've always led with product performance because I'm the end user. Like, I want amazing products that are better. And so we're always testing products as we're developing them with our customers to make sure that they're going to, not one product is for
Starting point is 00:29:55 every single person in the world, by the way. So that's the beauty of it is that you get to create a bunch of different products. But I've always said that the vegan and cruelty free is kind of like the cherry on top. It's something that's in my DNA and ethos. And I'm not a vegan eater, but I do believe that in creating vegan beauty products, I think that you can actually create more innovative products. So for example, our eyeliner or brilliant eye brightener, a lot of those types of formulas historically would have beeswax in them. And because I couldn't use beeswax, it actually inspired me to kind of throw out the rulebook
Starting point is 00:30:30 and come out with something that was really a game changer. And so that's where I started using the same pigments that were used in microblading, which is a brow treatment. We could talk a whole chemistry session on how it has inspired me. But, you know, we did educate the consumers, but there's still a lot of people who don't even know that we're vegan or cruelty. Also, there's a lot of consumers.
Starting point is 00:30:51 that we have in our community that don't even know we give back. They're just like, this is the best lipstick I've ever used. So I think you always have to lead with what's going to be your key differentiator. And sometimes it is values. Sometimes I would say, honestly, for us, I don't think we would be where we are if we didn't have amazing products that really did something better for the consumer. I love the way that you're positioning this. And it makes a lot of sense.
Starting point is 00:31:12 And also, I want to call out this idea that when you have constraints, sometimes that actually unlocks a lot of creativity like you just like. Yes. Scarcity drives. focus. I say that all the time. I literally have a sticky note on my wall that says that. Scarcity drives focus. You know, I was one woman for three years in an apartment doing this. You know, so I didn't have a team. And every product that I launched had to fund the next one because I wasn't, you know, we didn't have a ton of funding or we didn't have any funding in the beginning. And, you know,
Starting point is 00:31:41 the business was a sizable business before we took on any funding. And even then it was a tiny amount because you can drown an opportunity as an entrepreneur, right? And so, even now, we've had an amazing team for six and a half years, and I am so grateful for that. Even still, I'm turning down a lot of the, quote, fun opportunities to go to networking events or even doing press because I'm in this office five, six, seven days a week sometimes. I feel like on social media, you see a lot of highlight reels with pro tips from entrepreneurs. And quite frankly, I don't even have time to post on social media because I'm running a company. And I think that there's a lot of glamorization of entrepreneurship,
Starting point is 00:32:23 but I really think it's important for people to know that it has to be a calling. It cannot be a job to you. And going back to scarcity driving focus, I think it's like, if the house ain't in order, I always say this to the team. It's like, if the house ain't in order, I'm not going anywhere. There are times where I've basically slept at the office multiple times. And, you know, I don't necessarily advertise that to the team or to the public because I don't want to indulge in this hustle culture,
Starting point is 00:32:49 because I don't want to say, oh, you know, don't have work-life balance. I want that for our team. But as an entrepreneur, I think is a pretty idealistic state. And so also, I'm building the plane while flying it. I had not managed large teams before starting the company. So I have to study like I'm getting a PhD in business. I have to read so many leadership books.
Starting point is 00:33:11 I have to get my reps in. I have to make mistakes. And so something that maybe would take an experienced CEO, less time, takes me three more times. But what I do know about myself is I will, I will die trying. Like, I will never quit. I will always show up and try and do my best. And that's what I've been doing. But scarcity does drive focus. And right now, my scarcity is time. And so that's where it's like, even being here on this podcast is really a privilege because I love bragging about our team and talking about how amazing our customers are. But sometimes it's really challenging to be able to do it
Starting point is 00:33:46 all for sure. I totally understand. It is hard to be an entrepreneur. It is hard to find the time. And honestly, it's so exciting. It's hard to stop working when you love what you do, you know, and you obviously found a career in something that you love so much. So speaking of this constraint of time, you started your business as a side hustle just like I did and you worked for two years while building your business on the side, which I think is so cool to know because your business is a really popular brand. Like a lot of people have heard of Thrive Cosmetics. I'm sure at least 80% of people listening right now have brand recognition, which is huge for you. You know, you've done a great job. You think that's so cool. Yeah, I think so. I mean, I'm also, maybe I'm biased
Starting point is 00:34:28 because I'm just obsessed with makeup so I know about Thrive. But I think a lot of people know about Thrive. So talk to us about those first two years. What were they like for you? What was it like balancing full time and starting this new thing that probably a lot of people told you you were crazy doing? You know, working a full-time job was a huge thing for my mental health because it gave me security. I was making $70,000 a year and it funded the Thrive Cosmetics inventory. It also paid my rent. I had a 2007 Honda Civic and nobody who wanted to invest in a 24-year-old starting a beauty brand in Seattle, Washington. People were like, oh, that's cute.
Starting point is 00:35:06 You know, I didn't know what a venture capitalist was or an angel investor. And I'm glad I didn't because it allowed me to, again, going back, to scarcity driving focus, I had to be super focused. And what I will say, and to any entrepreneur that's listening to this, if you want to be an entrepreneur, I highly recommend working a full-time job and being transparent with your employer about that. Because, for example, with Thrive Cosmetics when I wanted to start it, I had an idea and I knew how to make products. I didn't know how to do anything else. So could I do that while I was working for the world's largest beauty company, L'Oreal, Absolutely not. Absolutely not. That's a total conflict of interest. So I went and worked in the nutrition
Starting point is 00:35:48 category. And that allowed me to be transparent with that entrepreneur and say, hey, you know what, I will give you a 110 percent. I will be one of your best employees. And I want to start this on the side. And I showed up. It's like, don't quiet quit on your employer. Show them respect and say, I want to do this and I'm going to be one of your best employees. And because I did that, that entrepreneur mentored me. That entrepreneur brought me into conversations that I wouldn't have otherwise been a part of. So it was really an amazing tool to have a job while I was working. There's so much hurry up and wait when you're creating a company. It's not like you're doing your company 24-7. When you're formulating something, then you have to send it off and send it to the lab for testing. And there's so much you
Starting point is 00:36:35 don't know how to do. So I really love that I had a job. It's also so. super lonely. Any of the challenges that I go through now, they totally pale in comparison to those first few years where you have no customers. I thought, oh my gosh, you know, I worked at Sephora. Of course they're going to want to carry us. Oh, I also worked at Nordstrom, and I was on the Nordstrom fashion board. And at one point, had aspirations to be the CEO of Nordstrom when I was 18 years old. I thought that they would want to carry us. And this is no shade to them. I think Sephora and Nordstrom are amazing. But like, I couldn't get anybody to carry our products. So the fact that I had a full-time job really allowed me to have peace of mind.
Starting point is 00:37:15 And then I also just, you know, didn't look at my bank account because it got pretty close to zero there for a while. But I was able to pay my rent. So that was really important to me. My next question for you in terms of your young business where you were saying you were struggling for sales. What were the initial sales channels that you did try? Sitting outside of every retailer across America trying to get them to carry our products. literally booking a one-way flight to pitch them and then having them cancel the meeting before I showed up. Oh, no. Yeah, I mean, that was the first couple of years. I did have Thrivecosmetics.com
Starting point is 00:37:52 that I built on Shopify. The only way that I got customers was through word of mouth or if we were on TV. Maybe we would have, because for some reason, the press was so kind to me when I first started. I'll never forget, Susie Welch was such an angel. Her and her producer, put me on the Today Show with Hoda and Kathy Lee at the time. And they did like a, was it a five minute? Like basically commercial for me, for us, Thrive in November of 2015. And I'll never forget it because we did like $38,000 in sales that day. And I fulfilled all those orders out of my apartment.
Starting point is 00:38:30 And to go from $0 the day before to $38,000, nearly $40,000, I was like, oh my gosh, we made it. And then the challenge with that, though, is that it drops off. And so I had to figure out how to build a community online. And I really did it one person at a time, building relationships. And I'm still close with a lot of those people that were customers. In fact, we're having a customer party at our Innovation Center, a Taylor Swift customer party where we're all going to do a get ready with me and hang out.
Starting point is 00:38:59 And we're going to pack out 1989, so 1,989 packages for donations. So they're makeup bags that we fill with our makeup and skin care for our local giving partners. So our customers have become some of my dear friends. I have a hundred of them that I will text before ever naming a product or finalizing a formula. And they are our greatest investor. That's how I'm here today. That's so cool. I love that. So let's talk about the back end of your business. You talked about Shopify. I didn't realize that you were 100% DTC. So you're selling everything DCC. There's nothing in stores. 100% direct to consumer.
Starting point is 00:39:39 And anything you see on Amazon is counterfeit or diversion. So don't buy it. We actually have a counterfeit issue with Amazon. It's a big issue in the beauty space. There's a lot of counterfeit on Amazon. But yeah, 100% direct to consumer have always been on Shopify, taught myself HTML so that I could update those product detail pages. And it really is a user-friendly software, I will say.
Starting point is 00:40:03 And this is not a Shopify commercial. I am a product developer, cosmetic chemistry, makeup artist type a gal. So the fact that I was able to figure out a lot of it is really credit to the product and the tool. 100%. And I know you started in 2015. Now Shopify is like so plug in play. You can even use AI to have it like help design your store and all. They've come out with so many new features. So how has Shopify really helped you expand and get new customers as you were trying to grow? by having tools that we can, so Lucky Orange, for example, was a tool that we utilized
Starting point is 00:40:37 where we could see where people were highlighting on the ingredient list. And I kind of, it was kind of like my favorite TV show for a while was Lucky Orange, which by the way is an app on Shopify. It's like you can see where consumers are engaging on your website.
Starting point is 00:40:52 So if you can't afford to do some of the consumer engagement studies that we do now through, you know, in partnership with Shopify and other partners, where we're getting that real, feedback, it does give you directional information on where consumers may be confused on your website. So I think that's one example. I really had to build the community online in a myriad of
Starting point is 00:41:14 ways, whether it was social media, whether it was email, whether it was SMS. But with Shopify, the agility to update different things on your website as you learn from consumers is really key. And I've loved being partners with them. It's so important. because a lot of entrepreneurs, they spread themselves too thin. So you could have taken the approach of, I'm going to build this website from scratch. I'm going to own it 100%. I'm going to figure out how to get an e-commerce plug-in. I'm going to figure out how to get all these different apps. You would have wasted so much time and energy and focus instead of just focusing on building a good product and getting customers, right? So Shopify, just let you do the rest. Absolutely. To your point, it's gotten better
Starting point is 00:41:57 year over year. And one thing I will say about Shopify is they have really listened to us as we've become a larger client of theirs. But I would say even when we were smaller, like they do take the customer feedback in similar to how we do, you know, with our consumers. We're always asking for feedback. And I do believe that their founders are really incredible too. So it's a really exciting business. And I love working with Shopify. You were talking about AI designing different PDPs, all of the different templates that they have. There's really something for everyone. And the shop pay, oh my gosh, shop pay is great. As a consumer, I love shop pay. So I feel like they're really leading the industry and the way that they're always innovating with their different features
Starting point is 00:42:43 that they're offering. Yeah. And now your company is huge. So I doubt you're like in Shopify in the backend. Oh, no, I am. Oh, you are? Oh, yeah. I mean, our blog needs a redesign for sure. But I still look at the Google Analytics and Shopify data on how much revenue, the different search revenue, my blog post around hyloronic acid, the difference between hyloronic acid and sodium hylomerate, that is one of our best performing blog posts from a search revenue perspective. So I am still in that back end. I'm annoying like that. The team's like, please get out of this.
Starting point is 00:43:15 Please, please. Me too. I'm that annoying CEO. I'm addicted to their, I love to like put up a LinkedIn post. And then I go and I look at the live view and I see all these people like adding to cart. And I'm like, oh my God. they're checking out. Oh my gosh. Thank you for reminding me of Live View. It has gotten so much better year over year. So I used to have Shopify the app. I still have the app on my phone, but I used to get a
Starting point is 00:43:35 notification every time an order would come through. Then when the business really took off in 2017, my phone would literally crash from it. And what I will say, though, is during the pandemic, I got my grandpa Gary an iPad. And he has the Shopify app on his iPad. So he knows sales better than I do. So if you really want to know the sales of Thrive Cosmetics, you need to actually reach out to Grandpa Gary because, no, I'm like literally made him sign an NDA because I'm like, you cannot keep bragging about us. Like you have to. But he watches live view from his chair while he's sitting there during the day.
Starting point is 00:44:11 It's amazing. Shopify is awesome. I set up my mastermind with their subscriptions. I set up chatbot in like two seconds. They are awesome. But let's move on to your audience and creating a strong brand. So you touched on this earlier, and part of your messaging is that Thrive Cosmetics is bigger than beauty. We talked about all the great things that you're doing for charity in the community,
Starting point is 00:44:34 but talk to us about how that actually helps you attract customers and build a bigger brand. That's such a great question because I always think about it in the inverse, because again, like we were talking about with products, people are only buying our products because they're doing something amazing for them. And our community really fuels the cause in the sense that they are the ones that are going on Thrivecosmetics.com and nominating charities. And then we take those nominations. We have an amazing giving team that looks into all those different charities. And then consumers are allowed to vote.
Starting point is 00:45:07 And also our employees are ultimately deciding the charities that we work with. So I think it's more of a community engagement piece. And ultimately, the customers are fuel. the giving versus the giving attracting customers, I think. I think it's really the product performance that's attracting customers. You know, people are like, how do you quantify the value of your giving? I'm like, I don't know, I'm still here. I wouldn't be doing what I'm doing without the philanthropy, because if we were just another beauty brand that was selling makeup and skincare, I wouldn't be doing this. I would be very happy working at L'Oreal trying to work up the ranks there. And so for me,
Starting point is 00:45:44 the way that our consumers have helped build our cause so much bigger than bigger than beauty. I mean, truly, like, that's why we named it bigger than beauty skincare, because they have helped build the products, the purpose, the cause, the community, and they're really allowing us to reach into these more grassroots organizations. So I'm really proud that we've donated to over 500 charities. And we would not have been able to do that without our community nominating them on social media or on ThriveCosmetics.com, sending us emails, texts of who they want us to give to, because a lot of these charities that we support are three people in a room. And they're all volunteer. I'll give you a recent example when the wildfires
Starting point is 00:46:30 hit in Maui. We were able to post on social media, send out emails and SMS, and do a blog post where we asked people to nominate charities. And that resulted in us being able to reach, I believe, eight new charities, two of them we were already giving with, but we added on the Maui Humane Society and I believe seven other charities that ultimately resulted in us donating $50,000, both with funds and also products to those charities. And that was because of social media and the power of our community telling us about the charities that were on the ground doing the work. Happy New Year, Yap, gang. I just love the unique energy of the new year. It's all about fresh starts. and fresh starts not only feel possible, but also feel encouraged.
Starting point is 00:47:18 And if you've been thinking about starting a business, this is your sign. There's no better time than right now. 2026 can be the year that you build something that is truly yours, the year where you take control over your career, and it starts with Shopify. I've built plenty of my own businesses on Shopify, including my LinkedIn Secrets Masterclass. So it's a two-day workshop. People buy their tickets on Shopify. And then my mastermind subscription is also on Shopify.
Starting point is 00:47:43 I built my site quickly in just a couple of days, payments were set up super easily, and none of the technical stuff slowed me down like it usually does because Shopify is just so intuitive. And this choice of using Shopify helped me scale my masterclass to over $500,000 in revenue in our first year. And I'm launching some new podcast courses and can't wait to launch them on Shopify. Shopify gives you everything you need to sell online and in person, just like the millions of entrepreneurs that they power. You can build your dream story using.
Starting point is 00:48:13 hundreds of beautiful templates and set up is fast with built-in AI tools that help you write product descriptions and edit photos. Plus, marketing is built in so you can create email and social campaigns easily. And as you grow, Shopify can scale right along with your business. In 2026, stop waiting and start selling with Shopify. Sign up for your $1 per month trial and start selling today at Shopify.com slash profiting. Go to Shopify.com slash profiting. That's Shopify.com slash profiting. fam, hear your first. This new year with Shopify by your side.
Starting point is 00:48:51 Young and Profiters. I know there's so many people tuning in right now that end their workday wondering why certain tasks take forever, why they're procrastinating certain things, why they don't feel confident in their work, why they feel drained and frustrated and unfulfilled. But here's the thing you need to know. It's not a character flaw that you're feeling this way. It's actually your natural wiring. And here's the thing.
Starting point is 00:49:13 When it comes to burnout, it's a thing. really about the type of work that you're doing. Some work gives you energy and some work simply drains you. So it's key to understand your six types of working genius. The working genius assessment or the six types of working genius framework was created by Patrick Lensione and he's a business influencer and author. And the working genius framework helps you identify what you're actually built for and the work that you're not. Now, let me tell you a story. Before I uncovered my working genius, which is galvanizing and invention. So I like to rally people and I like to invent new things. I used to be really shameful and had a lot of guilt around the fact that I didn't like
Starting point is 00:49:50 enablement, which is one of my working frustrations. So I actually don't like to support people one on one. I don't like it when people slow me down. I don't like handholding. I like to move fast, invent, rally people inspire. But what I do need to do is ensure that somebody else can fill that enablement role, which I do have, Kate on my team. So working genius helps you uncover these genius gaps, helps you work better with your team, helps you reduce friction, helps you collaborate better, understand why people are the way that they are. It's helped me restructure my team, put people in the spots that they're going to really excel, and it's also helped me in hiring. Working Genius is absolutely amazing. I'm obsessed with this model. So if you guys want to take the
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Starting point is 00:51:53 I think there's some important lessons in what you just said. The product performance brings the initial customers in. The community and having a common purpose and mission sort of keeps them in the sphere of supporting your products even more. So it helps probably with recurring purchases and all those kinds of things because they feel like their values now identify with your brand,
Starting point is 00:52:14 not just the fact that it performs so well. Yeah. And another thing around our community is that we name all of our products after inspiring people like we were talking about. And a lot of those people are our customers. So like the Brilliant Eye Brightner that I have on today is named after I Lynn,
Starting point is 00:52:31 one of our customers who was really passionate about us creating a lilac brilliant eye brighten her shade. And so for me, I was like, oh my gosh, we have to name, like every time I would post on social media, she was responding. And then she would even send me pictures of flowers that she thought should inform what that ultimate shade would be. The lipstick that I have on is our new impactful lipstick named Nicole, who is one of our most incredible customers. She would literally give you the shirt off her back. I mean, she's just the most servant leader in the world. She lives out in New York and basically hosts like Thrive Cosmetics parties at her bank that she works out with her coworkers.
Starting point is 00:53:10 I'm not kidding when I say Nicole's probably sold like 10,000 products. And she's a banker. She's your everyday amazing woman who's just trying to make it through the day. She has a private social media account. But she's so passionate about what we're doing. She goes to charity events with me and giving events and donates her time, flies across the country to come to different events with me and our team. think that that's the power of really connecting with humans is that you get to meet such
Starting point is 00:53:39 special people who will change your life like Nicole has changed mine. It is so cool that you are so close to your customers. I've never really met another entrepreneur as successful as you that's saying like, hey, I still text my customers when I'm trying to figure out a name. I'm hanging out and having customer parties. We have a hype playlist. Oh yeah. No, like I'm texting them like, hey, this is our hype song of the day. Yeah, I'm obsessed with our customers. They probably wish I would, like, if I meet a customer out in the wild, like, which is in real life, if I'm wearing a thrive hat or a T-shirt, because I'm basically a thrive billboard everywhere that I go, not because people don't know who I am, but they see the logo and they're like, oh, my gosh, I love that
Starting point is 00:54:16 lipstick. And when they say that to me, I'm like, oh, my gosh, can I have a photo with you? And I don't, I don't introduce myself as the founder and CEO, because it's like, I don't know, I feel weird. I just feel weird. So, but I guess I feel it's more normal to ask for a selfie with them. And so, I'm so blessed to meet our customers. And that's actually, I really want to start doing more community events in our office. We're starting to do them more and more. But that's something I really miss during the pandemic. I love our customers.
Starting point is 00:54:45 Yeah. And it's so awesome that from the start, you decided to leverage Shopify for your DTC site. Because had you used a platform like Etsy or Amazon, you wouldn't really have direct access to your customer or customer data, right? So you're able to get their names or emails. information and then be able to communicate back with them, whereas if you chose a different platform, you would only really get to communicate with them on social media. Yeah, totally. So let's talk about the fact that so many women are now joining this movement of
Starting point is 00:55:21 entrepreneurship. More and more women, you're a successful female entrepreneur. I'm another one. Anybody who's tuning in that's female right now should feel pretty inspired to be hearing this conversation. So why do you think that over half of the businesses on Shopify now are women-owned? What do you think is inspiring all these women? Oh, my gosh. There has never been a better time to be a woman in business. And like I was saying, I stand on the shoulders of giants of women who have come before me. And I think it really is this evolution as a society where women are realizing their power more and more. And I think that Shopify is such a great asset for, anyone, whether you're a woman or whoever you are, to be able to create something quickly
Starting point is 00:56:07 from a website perspective. It's like I have, I mean, I'm friends with this amazing young woman named Ava who started Ava's Pet Palace and it's this amazing pet food company and I think she's 14 or 15 years old right now. I think about this other entrepreneur who I love named Temple who started STEM girl swag and we say we're STEM sisters together. But I mean, she was just like at the White House. I mean, I'm just like, I mean, just like Maya, who is the namesake behind one of our lipsticks, she started as an entrepreneur probably the same year as you did when you're four years old. And because of the internet and tools like Shopify, someone like Ava is able to create something so quickly. Maya is able to create
Starting point is 00:56:48 a movement. She's Maya's ideas on Instagram. I mean, it's just, it's amazing. I love meeting women of all ages. I also have to give a shout out to Train with Joan. I'm obsessed with Train with Joan. If you don't follow her on Instagram, she is such an inspiration. She did not work out until she was in her 70s. I always have said that you're never too young and you're never too old to be who you always wanted to be. So whether you're Ava from Ava's Pet Palace or train with Joan, I love seeing these women entrepreneurs just crushing it at all ages. My gosh, I always say that too. So cool.
Starting point is 00:57:22 You are so inspiring. You're such a role model. I'm going to end the show with two quotes that I think are going to be really meaningful. in the past you said you don't have to go to Harvard to be able to build a large company or do anything in life. So my question to you is, what do you want to say right now to all the young folks tuning in who want to be entrepreneurs who didn't go to Ivy League schools, who didn't grow up rich or privileged or in a city? And they have an idea they want to bring to the world. What do you want to tell them? Ask for help and believe in yourself because people are so generous with their time.
Starting point is 00:57:56 I mean, the fact that someone like me who went to Bellevue Community College in Washington State and didn't have the best GPA was able to get someone like Robin Roberts, who's an icon at Good Morning America, to pay attention to me, is a testament to how gracious people are. And if you ask for help, not everybody is going to respond to you. I was sending out 30 emails and getting one response. I was going on LinkedIn when they didn't respond to my emails. I was Googling things.
Starting point is 00:58:27 If you are tenacious in your pursuit, you will find that person that believes in you. And I really want to underscore that it doesn't matter where you come from. You can be anything you want to be if you're willing to put in the work. You show kindness to others. You do little things like write thank you cards, handwritten cards to people and show them that they've made an impact on you. And you're not going to be perfect.
Starting point is 00:58:51 I've made so many mistakes. I've burned bridges that I wish I wouldn't have. I've said things I shouldn't have said. But if you keep showing up, this is a quote from Brad Stolberg. It's consistency compounds. So just keep showing up. Keep asking for help because you can absolutely do it. And it doesn't matter how young you are and it doesn't matter how old you are.
Starting point is 00:59:10 It's never too late and it's never too early. I love that. That's beautiful. One last quote. I read that you had Ralph Waldo Emerson, a quote from him framed in your room when you were a little girl. And it read, to know even one life has breathed easier because you have lived. This is to have succeeded.
Starting point is 00:59:27 Talk to us about that and how that inspires you. Oh, you're going to make me cry. You know, I think that I always like to talk about the individual lives that we have changed. I think about people like Nollie or Rowan or Nicole or Jessica, all of these people who've changed my life just as much as we have maybe impacted their lives. And it's really about the Jessica's of the world. It's really about the Nicole's of the world. It's really about the islands.
Starting point is 00:59:55 That's what makes life special. The $135 million donated matters for sure. That adds up to massive millions of lives changed from our donations and our bigger than beauty program. And ultimately, I come back to the individuals. And it's the individual lives that have been changed like Island has changed my life or like Jessica has changed my life. It's the bracelet that Nicole sent me that said, keep going. And to me, it's about those individual relationships. ships so much more than these big, grandiose numbers. Because I used to sit in my apartment. And when I
Starting point is 01:00:29 would see that Tom's was donating a million shoes, I was like, gosh, like, how am I ever going to be able to do that? Because I was shipping products out of my apartment. And we had maybe donated, you know, a thousand products at that time. And so I'd get discouraged. And so that's why I always really like to talk about. One, I genuinely love the humans that I get to talk about, that we may have donated products to or who are a part of our community. But, you know, they've changed my life just as much as I have changed theirs. And it really is. Like, it's about one life at a time. And we always have an opportunity to show up and be the change that we want to be in the world. And I've had so many people, our internal team at Thrive Cosmetics and people who, like
Starting point is 01:01:07 Robin Roberts, who really have lived that quote to have made my life be easier because they have lived, that I just am really grateful. So beautiful. And so I end my show with two questions that I ask all my guess. The first one is what is one piece of actionable advice that you can give are young improfitors today so they can become more profitable tomorrow. Pay attention to your PNL. Learn your PNL. Google what is the PNL? What is EBITDA? Every time you don't know a term on your PNL, finance people oftentimes will make it more complicated than what it needs to be. And one of my favorite quotes is, what would it look like if it were easy? And so many of the things on a P&L are Googled.
Starting point is 01:01:53 And I don't even, did I, is that a word? But literally, you can Google what these different things mean. And it doesn't mean you're dumb that you don't know it. But you do have to learn it. Lean in and do the work to learn or else you are going to get yourself in a situation where you're not profitable, which, you know, to me, profitability equals freedom. And that's what I want for all entrepreneurs. And I'm really grateful that we are a profitable company because we get to do business
Starting point is 01:02:21 on our own terms. If I wake up one day and say, yes, I want to donate another $100,000 to this scholarship fund, I get to do that because I have the freedom and flexibility, but it starts with knowing your numbers. And the P&L, profit and loss, just Google it. Everything you don't know, you'll learn it. And this is so important to say because so much of us entrepreneurs, we didn't start out as finance people.
Starting point is 01:02:44 We had a great idea. we had tenacity, we just went after it. Then at a certain point, you got to look at your numbers and make sure everything is all straight. Yeah, and honestly, it's not something that I'm super passionate about. I'll be honest, like, sales and profitability don't, like, drive me. Spreadsheets are not my favorite thing, but it's a necessity. And so I used to walk around the first few years of Thrive Cosmetics and say, I'm not a finance person.
Starting point is 01:03:07 I'm not a finance person. And so that actually really allowed others who were in financial positions to exploit me. And, you know, I don't say that to speak ill of anybody, but my imposter syndrome around what I did and didn't know about finance, I, you know, I got taken advantage of by people. I mean, I had finance people who even were double paying themselves out of my company because I wasn't looking at things. And so I learned that really early on before I was even paying myself, which was a great lesson. But again, I've had people in my life who've helped me see around corners. But I had to, I mean, I think about Blythe Jack, who's one of my mentors. We named an Infinity Water Profession. eye shadow stick after her. And she was like, you have to know your numbers. I'm going to teach you how to read a P&L. But I also had to Google a lot of that stuff too. And my last question to you, Carissa, is what is your secret to profiting in life? And this can go beyond business, can go beyond the topic of today's episode. To me, profiting in life is feeling joy and feeling joy deeply. I show up every day. I get to do this. This is a choice that I do every day. I actually don't have to
Starting point is 01:04:11 work. And I feel really privileged to say that. And I really, recognize there are so many people that are not in that position. But I show up every single day with joy because of the purpose I have and the work that I do, whether it's creating an amazing formula, seeing our team members grow and get promotions and overcome challenges. Like, I am so obsessed with watching our teams go through conflict and then move beyond that. Magic happens there. And so I think when you're feeling a little bit scared or you're feeling uncomfortable, to me, profiting in life is going towards that discomfort so that you can feel the joy that's on the other side, the accomplishment that you feel on the other side. It's connection,
Starting point is 01:04:53 it's community. I didn't spend enough time developing friendships in my 20s. I was working 24-7. And so now having friends is profiting to me and friends who are there for the right reason. And you will figure it out. You know, I've definitely had challenges with that as the company has grown, you know, I still think of myself as a girl in an apartment with a dream. But as success comes, you will have people who try and take advantage of that. So to me, profiting is having that inner joy and that peace. Because through all of those challenges and all the daggers that people might try to throw at you, you will emerge stronger and you will feel joyful.
Starting point is 01:05:33 I love that. Karista, where can everybody learn more about you and everything you do and about Thrive Cosmetics? Hit me up on Instagram, people. people. I'm Carissa Bodner. My name's kind of hard to spell, but it's K-A-R-I-S-S-A-B-O-D-N-A-R. We also, of course, are ThriveCosmetics.com. Amazing. I'll stick all those links in the show notes. I loved having this conversation with you. I hope we keep in touch. Thank you so much. Thank you. You know, young improfitors, I am feeling so inspired after my conversation with Carissa.
Starting point is 01:06:09 So many things she said really hit home for me. First of all, I loved how she talked about the jolt and confidence that cosmetics gave her as an insecure young person. Whether it's a good lipstick or a good workout, sometimes all we need is that external X factor to help us feel confident and hold our chins high. And when we do feel confident, like Carissa says, we're truly unstoppable. She also talked about one of her big mantras,
Starting point is 01:06:33 which is scarcity drives focus. I believe that constraints can be the best driver of creativity. Sometimes a good challenge is exactly what you need to improve yourself and your business. Another thing that helped give Carissa the confidence and focus she needed to start a DTC business was having the right tools. As she built her business, one customer and one relationship at a time, tools like Shopify gave her an easy plug-in-play solution to help her build her initial sales channels
Starting point is 01:07:01 so she could focus her scarce time on the things that really mattered, like creating amazing products and attracting new customers. And speaking of customers, one of the things that matter so much to Carissa is her community. And I absolutely love the fact that she is so collaborative with her customers. She is so deeply engaged with them and she asks them for feedback all the time. She even names her products after some of her best customers. I mean, who else does that? And I really hope she does name that lip gloss after me.
Starting point is 01:07:32 That would be absolutely amazing. Thanks for listening to this episode of Young Improfiting Podcast. If you listen, learned, and profited from this conversation with the inspiring Carissa Bodnar, please share this episode with your friends and family. It would mean a lot to us if you help spread this podcast by word of mouth. And if you did enjoy this show and you learned something new, drop us a five-star review on Apple Podcast. We have over 4,500 reviews because we have incredible listeners like you who support the show.
Starting point is 01:07:59 We never charge, we never have subscriptions. We do this all for you guys, and that's the number one way to thank us, writing us a review. You can also find me on Instagram at Yap with Hala or LinkedIn by searching my name. It's Hala Taha. And before we wrap, I do want to give a big shout out to my awesome Yap team. You guys are amazing. Thank you so much for all your hard work behind the scenes. This is your host, Halataaha, aka the podcast Princess, signing off.

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