Negotiating with Suppliers, Managing Margins and Testing Social Media Strategies

In this chat, Luke and Glenn share recent business wins and challenges. Luke launched a mattress protector and explains the development and pricing process, while Glenn mentions a podcast on adding new products and dealing with suppliers. They emphasise knowing your profit margins and not rushing new products. Glenn's success with Instagram reels and collaborations boosted followers and sales, highlighting the importance of a physical store and good customer service. They also discuss the need to adjust strategies based on data, with Luke updating on his bunk bedding business and Glenn testing social media strategies while juggling multiple projects.