Sunday, October 31, 2021

Courtney Ray -makes $500 bloom into $35m with the help of Lockdown!



Courtney Ray - an ex KPMG consultant  - had always wanted to own a florist - and in 2014 took the plunge and started Daily Blooms - an online florist  with a $500 investment. 


During the lockdown - as loved ones were separated through lockdowns and border closures, sending flowers became one of the only ways to stay in touch - and her startup grew to $35m in revenue

The secret sauce  - selling the feeling - not the flowers  

The Model

“I came up with the concept of buying flowers,  creating arrangements ,  taking a photo, uploading them to social media and our website - offering them for sale at a fair price - initially to her family and friends ! - and delivering it the same day! 


Once I sold the arrangements for the day - that was it !!!


“It created scarcity, no waste.


Daily Blooms was founded!


The investment and how it was used 

The $500 went towards building the website, buying a heap of flowers and floristry tools.


From Friends buying her arrangements - it became friends of friends and after a month - customers come through that she  couldn’t trace them back to a friend or a connection.


Daily Blooms Revenue in the first year was 500,000


Fast forward  to today, Courtney has  

  • two kids, now aged 5 and 6
  • 1000 deliveries a day
  • 82 members of her team - who are a mix of florists, wrappers, customer service or operations officers and in-house drivers.
  • 53,000 likes on the company Instagram page.


Courtney said her best months to date have been September and October, when Melbourne was once again plunged into lockdown.


Lessons, Trials ,  Tribulations and the oportunity 

  • she started  a warehouse in Sydney and closed it when the lockdown happenned - big mistake - and will plan to relaunch Sydney 
  • If she can do that - why not open up in every city? 
  • Is this just the beginning of another Aussie Unicorn? 


Daily Bloom gives an opportunity for people to care through flowers creating connection and showing that they care.


https://dailyblooms.com.au


Source  Alex Turner-Cohen - The News 


@AlexTurnerCohen


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