Cherie Hoeger: How a Need For Better Reusable Period Care Products Launched Saalt Into an 8 Figure Business
Manage episode 444543214 series 3607024
Seven years ago, Cherie Hoeger saw a real need for better reusable period care products – and after starting Saalt in 2018, it became clear how big that need really was.
In their second year, Saalt products were stocked in all Target stores nationwide. By their third, Saalt had reached eight figures in revenue! Their company has since donated more than 100,000 products to help women and girls worldwide and has funded 600,000 days of school for girls.
What’s noteworthy about Cherie’s story is that her background wasn’t in business. It was in writing. But she did have five daughters, and the news from relatives in Venezuela – that political instability was causing a pad and tampon shortage – kept her up at night. Wasn’t there a reusable product that could prevent girls in developing countries from missing school?
In this episode, Cherie takes us behind the scenes of starting this very successful company with her husband. For them, conducting the research and pinpointing their mission has been crucial, offering them fuel while navigating the ups and downs of entrepreneurship and helping them effectively create something that consumers wanted.
IN THIS EPISODE:
- Cherie’s background as an English major, writer, and editor, and the conversation with her husband’s aunt in Venezuela that kept her up at night and provoked her to start Saalt
- The beginnings of the company, starting with the creation of a 3D CAD model of their first period cup, and how they differentiated themselves in a saturated market
- Their first years of business, which included a product recall and a buyer from Target who changed everything, helping them reach 8 figures in year three
- Becoming a B Corp-certified business: how to get certified, the impact it can have socially and environmentally, and the importance of mission for Gen Z/Millennial consumers
- Using market research to literally create a company that consumers wanted and the importance of surrounding yourself with other entrepreneurs
LINKS/RESOURCES MENTIONED:
Learn more about Saalt and the story of how the company came to be.
Sarina is a career coach and consultant who works with startup leaders and entrepreneurs. Connect with her on her website, on Instagram, via email, and check out more episodes of the Career Memos podcast.
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