Swag.com

12 statements across 1 episodes · 5 bullish · 0 bearish · 1 people on the record · first statement May 20, 2022 by Jeremy Parker · said 14 times in 1 episodes since 2022 · across every show →

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brought up most by Nathan Latka (13), Jeremy Parker (1)

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Everything said about Swag.com, oldest first

May 20, 2022
Assertion Not checkable as stated
Jeremy Parker: Swag.com operates at roughly 35% gross margins
“A little bit more about 35%.”
Jeremy Parker May 20, 2022 ▶ 10:46 CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins
May 20, 2022 positive
Disclosure
Parker: Swag.com limits categories to top 25 items to prevent choice paralysis
“So we're very curated. So we don't offer thousands of mugs or thousands of water bottles. It's really the top of what's out there. So the top 20, top 25, it makes sure that people actually get stuff that they want to hold on to, not in the trash, but it also m…”
Jeremy Parker May 20, 2022 ▶ 1:09 CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins
May 20, 2022
Assertion Not checkable as stated
Jeremy Parker: Swag.com reached $3M to $4M per month by late 2020
“About five months later, our sales started to incrementally grow. And in November, December, we're doing three to four million a month in sales.”
Jeremy Parker May 20, 2022 ▶ 11:58 CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins
May 20, 2022
Disclosure
Parker confirms Custom Ink acquired Swag.com for over $20M
“Yeah. I think it's safe to say that.”
Jeremy Parker May 20, 2022 ▶ 13:54 CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins
May 20, 2022 neutral
Assertion Not checkable as stated
Parker: 80% of Swag.com sales concentrate in 300 SKUs
“We have about 5000 SKUs on the site, but about 80% of our products are within about 300 SKUs.”
Jeremy Parker May 20, 2022 ▶ 2:36 CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins
May 20, 2022 neutral
Disclosure
Parker: Swag.com has zero outbound sales reps
“We have zero outbound salespeople at this point.”
Jeremy Parker May 20, 2022 ▶ 3:54 CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins
May 20, 2022 bullish
Assertion Not checkable as stated
Parker: Swag.com generated $15.5M in 2020 and $33M in 2021
“We ended up doing over 15 and a half million in 20, 20, 21, thirty three million.”
Jeremy Parker May 20, 2022 ▶ 5:08 CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins
May 20, 2022 bullish
Prediction Not checkable as stated
Parker: Swag.com on track to surpass $60M sales in 2022
“We're on track to do more than sixty million this year in sales.”
Jeremy Parker May 20, 2022 ▶ 2:24 CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins
May 20, 2022 bullish
Assertion Not checkable as stated
Parker: Swag.com grew over 100% every year since launch
“Since we launched, we've grown over a hundred percent every year.”
Jeremy Parker May 20, 2022 ▶ 2:20 CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins
May 20, 2022
Disclosure
Parker: Swag.com raised under $4 million total before acquisition
“Yeah, we raised less than four million all in.”
Jeremy Parker May 20, 2022 ▶ 4:35 CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins
May 20, 2022
Assertion Not checkable as stated
Jeremy Parker: Swag.com monthly sales plunged from $800k to $300k during COVID
“We were doing about 800,000 or so right before a month, right before the pandemic hit. Pandemic hits, our sales drop off to 300,000.”
Jeremy Parker May 20, 2022 ▶ 11:37 CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins
May 20, 2022 positive
Assertion Not checkable as stated
Parker negotiated Swag.com domain price from $1.2M down to $200K
“It wasn't that way, but it was originally asking close to like 1.2 million. We brought it down to 200,000. Then we worked at a deal where we licensed the name with the option to buy it.”
Jeremy Parker May 20, 2022 ▶ 7:31 CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins
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