About this episode

Elina Wang shares her journey of building ESW Beauty into a $20 million brand by focusing on retail and making strategic pricing decisions.

While every brand was raising prices during inflation, Elina Wang cut hers—and nearly tripled revenue. The co-founder of ESW Beauty turned a juice bar epiphany and a $25,000 bank loan into a $20 million business across 10,000 retail doors, fully bootstrapped and profitable from day one. She did it by making the contrarian bet on retail-first when every founder around her was chasing DTC—then survived Covid wiping out every purchase order overnight while going through a co-founder breakup at the same time. In this interview, Elina breaks down the real cost of getting into major retail, why she deliberately chose wholesale over DTC from day one, and the pricing move that took ESW Beauty from $4 million to $11 million in revenue. What you'll learn in this interview: • Why she bet on retail over DTC from day one—with just $5,000 left after her first trade show • How a $25,000 SBA loan, a scrappy juice bar booth, and aggressive hallway pitching landed $250K in purchase orders • The contrarian pricing move: why cutting price from $6 to $4.99 per mask nearly tripled revenue • How Covid wiped out every PO overnight—and how Faire and gifting programs kept the business alive • Why 95%…

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