Method
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How I Built This 19
Masters of Scale
My First Million
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How I Built This 19
2020 9 mentions in 1 episode
2019 1 mention in 1 episode
2018 9 mentions in 2 episodes 5 per episode
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55 statements about Method, every show
Eric Ryan: Method was first to combine high design and sustainability
“And so I guess I'm going to take credit for it because nobody's told us they've done it first of really combining high design and deep sustainability.”
Eric Ryan: Proprietary industrial design defends CPG brands against competitor knockoffs
“The barriers to entry was so low that if we didn't bring in industrial design graphically, it'd be much easier to knock us off, which did start happening.”
Ryan: I drank Method toilet bowl cleaner to prove its safety
“Yeah, so I was in London, you know, I love the British press, they're so skeptical, and she said, is it, you know, safe enough to drink? I was like, sure. So we both took a shot at the toilet bowl cleaner.”
Raz: Method and Tesla won by making green products cool and luxurious
“Method really broke the mold by making it cool and luxurious. Tesla did the same thing with electric cars. They didn't invent electric cars. They just made them so awesome for people that people went to them.”
Eric Ryan drank Method toilet cleaner to prove it was non-toxic
“I was in London, you know, I love the British press, they're so skeptical, and she said, is it, you know, safe enough to drink? I was like, sure. So we both took a shot at the toilet bowl cleaner.”
Puri: Retail aisles with a 'sea of sameness' represent prime disruption opportunities
“What you're looking for is what I call a sea of sameness. And so he put up this photo of the soap aisle and it was just like all a bunch of green bottles. It was like every bottle or every like house cleaner was green in a bottle and it looked exactly the same…”
Ryan: No low-interest categories exist, only low-interest brands
“There's no such thing as low interest categories, just low interest brands.”
Lowry: Basic cleaning products do not require professional chemical labs
“You can make cleaning products out of very standard things. Things that you can buy in the grocery store. Like water. You know, things like, yeah, of course, water, vinegar, baking soda. These are relatively simple chemicals that don't require a professional l…”
Lowry: Method founders ran the company out of pocket for two years
“We paid, we ran the business out of pocket for about two years.”
Lowry: Method co-founders each invested $45,000 to start the company
“We each put in 45,000 dollars.”
Lowry: Custom bottle molds consumed most of Method's initial $90,000 capital
“And then build the bottle molds, which, Ate up most of the investment.”
Lowry: Method secured its first grocery placement in February 2001
“So we got a grocery store at the end of February to say, yeah. Yeah, it was actually February 28th, 2001. So we had bothered this store manager enough that he said, fine, guys, I'm gonna give you space, but you have to get the product here today. This was in B…”
Ryan: Eco-brands must use design as a Trojan horse for mainstream adoption
“The only way we're going to make this work is we had to get the mainstream into a green product, and we thought a lot of it as it's a Trojan horse for good. We had to put our green credentials on the back of the bottle and almost kind of hide them.”
Ryan: Method secured designer Karim Rashid using equity and reduced fees
“We were able to convince him to do it for a lower fee, because he really believed in the project, but also with equity. And he gave, you know, got him to have skin in the game with us.”
Ryan: Target granted Method an initial 90-store test run
“Target gave us a ninety-store test to basically prove ourself out.”
Lowry: Target ordered roughly 25,000 units for Method's initial retail test
“Oh, they bought initially about 25,000.”
Lowry: Method missed sales targets during its initial Target test
“Well, we didn't hit that target as it turns out.”
Ryan: Method created the first inverted dish soap dispenser
“The dish soap that we did, which was the first ever inverted dispenser, so it comes out of the bottom.”
Lowry: Method reached profitability roughly five years after its founding
“It was about five years in. So – In five, we became profitable.”
Lowry: Method raised roughly $25M before becoming self-funding and profitable
“About twenty-five million.”
Ryan: Manufacturers must fund retail clearance discounts for discontinued products
“And it's expensive to launch a new product. It's really expensive to discontinue. Because when you see something on shelf that's being discounted for the store to get rid of it, the manufacturer is funding it.”
Lowry: Method lost millions on its failed Block personal care line
“You know, I don't remember exactly in dollar terms, but it was, you know, it was in the low millions of, you know, an investment that basically an amount of money we lit on fire.”
Lowry: Post-acquisition, Method built a highly sustainable Chicago manufacturing plant
“In this case of selling the business to Ecovair, actually the greatest example of that is we were able to build what's probably the most sustainable manufacturing facility in the whole world in the inner city of Chicago immediately after we sold the business.”
Ryan: The cleaning category was a massive "sea of sameness"
“We saw a really big category, which was a sea of sameness, and we started looking at the category and started to see some opportunities.”
Eric Ryan: Successful founders need business partners with opposite mindsets
“As a founder, you often look to partner with businesses with people who are similar to you, but what you need is someone who's the complete opposite of you to make a business successful.”
Ryan: Method divided co-founder roles between inside and outside the bottle
“Very simply, Adam's inside the bottle. He understood that the chemistry, the chemical engineering the sustainability behind it, and I was outside of the bottle, which was the design and the branding of it.”
Eric Ryan: Co-founder partnerships are like marriages without makeup sex
“And you're doing this as a partnership, and I always tell people it's a lot like a marriage, but it's even harder because you can't have makeup sex. So you've got to find alternative ways through it.”
Lowry: Constructive co-founder relations matter more than getting your way
“The key for us was recognizing that it was way more important for the business That we have a constructive relationship than to get our own individual way”
Lowry: Trust turns team conflict into better ideas rather than ego battles
“Conflict is a great thing, because it's where you are able to build an idea into a bigger, better idea, and You're going to have differences of opinion, and trust is what allows you to evaluate that objectively as something that's a better way of solving a pro…”
Eric Ryan: Method was the first 'Eco Chic' high-design sustainable brand
“We're going to take credit for it, because we haven't found anybody who did it first, but really the first Eco Chic, a product that was high design and deep sustainability, which is really hard to do, and we were both insistent that it would have these qualiti…”
Adam Lowry: Starting a business is at least a ten-year commitment
“You start a business, that's at least a ten-year commitment.”
Eric Ryan: Dot-Com Startups Raised $40M on 40-Page Business Plans
“We had friends who are raising forty million dollars on forty-page business plans and bragging about a million dollar per page for a raise or doing these lavish launch parties, which seems so ridiculous now to spend funds on a launch party.”
Ryan: Method modeled its first bottle on a Norwegian camping bottle
“We didn't have a lot of, you know, money to do custom tooling, and so I started looking for stock bottles, couldn't find anything I really liked. So I had this camping water bottle from Norway that I had found. Just a really simple kind of bullet design with t…”
Lowry: Method was funded out of pocket for two years
“We paid, we ran the business out of pocket for about two years.”
Lowry: Custom bottle molds consumed most of Method's initial investment
“And then build the bottle molds, which ate up most of the investment.”
Lowry: Method secured its first retail shelf space at Molly Stone's in 2001
“Yeah, it was actually February 28th, 2001. So we had bothered this store manager enough that he said, fine, guys, I'm gonna give you space, but you have to get the product here today. This was in Burlingame in sort of the mid-peninsula of San Francisco Bay Are…”
Pitching Busy Store Managers Is Excellent Startup Sales Training
“And it was the best training, because we didn't know how to sell, and you had 30 seconds to pitch. And so it really helped you learn how to sell the product.”
Method Hid Its Eco-Friendly Credentials to Overcome Mainstream Consumer Skepticism
“We were really big believers that the packaging would have to be the primary marketing vehicle, and you would see it on shelf because of the design. You would buy it because of unique fragrances. You would get home, find out it works, turn the bottle over, and…”
Ryan: Method Founders Personally Hand-Delivered to 30 Bay Area Stores
“What we did, we built up these 30 stores, and we called it our paper route, so every morning we'd take turns driving to each store, counting how many you sold, replenishing it, writing up an invoice”
Method Printed Co-Founder Eric Ryan's Personal Cell Phone on Every Bottle
“We didn't have a customer service number, so my cell phone was on the back of every bottle”
Ryan: Method recruited designer Karim Rashid with equity and lower fees
“We were able to convince him to do it for a lower fee, because he really believed in the project, but also with equity.”
Target granted Method an initial 90-store retail test
“And so Target gave us a 90 store test to basically prove ourself out.”
Ryan: Method created the first-ever inverted dispenser dish soap
“The dish soap that we did, which was the first ever inverted dispenser, so it comes out of the bottom.”
Making Green Products Solely for Eco-Conscious Shoppers Is Pointless, Says Lowry
“I think it's totally pointless to make a green product for green people, right? They're only about five percent of products in the U.S. Market that are sold are green products. And so if all you're doing is preaching to the converted and the five percent, like…”
Method Co-Founder Drank Toilet Bowl Cleaner to Prove Non-Toxicity to Press
“And it was a toilet bowl cleaner. And so we both took a shot at the toilet bowl cleaner”
Lowry: Method reached profitability five years after launch
“It was about five years in. So – In five, we became profitable.”
Method Raised Approximately $25 Million Before Reaching Self-Sustaining Profitability
“About twenty-five million.”
Lowry: Legacy CPG copycat green products failed on repeat purchases
“In the short term, it did. But because, you know, they weren't authentic products, they weren't Interesting products. They were just sort of, you know, people would try them once, and they got promoted, so they'd, they'd capture shoppers that way, but then the…”
Product Manufacturers Must Cover the Cost of Retail Shelf Clearance Markdowns
“And it's expensive to launch a new product. It's really expensive to discontinue. Because when you see something on shelf that's being discounted for the store to get rid of it, the manufacturer is funding it.”
Lowry: Method lost low millions on failed Bloq personal care line
“You know, I don't remember exactly in dollar terms, but it was, you know, it was in the low millions of, you know, an investment that basically an amount of money we lit on fire.”
Lowry: Method built world's most sustainable factory in Chicago post-sale
“And in this case of selling the business to Ecovair, actually the greatest example of that is we were able to build What's probably the most sustainable manufacturing facility in the whole world in the inner city of Chicago immediately after we sold the busine…”