The SaaS Sales Methodology - A Customer Centric Approach to Selling | Sales as a Science #1 from consumer centric selling approach Watch Video

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Winning by Design

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A MAN claims he has created a car that might solve the world’s traffic congestion problems. Rick Woodbury from Spokane, Washington USA, is the president, founder and sole employee of ‘Commuter Cars.’ The carmaker’s flagship model is the 2005 super slim two-seater Tango T600, a high-performance electric car that preceded Tesla. Rick told us: “I started this company 21 years ago – it was based on an idea that I came up with in 1982.” He was inspired by the shocking traffic congestion he had to face on a daily basis. “I used to drive a Porsche from Beverly Hills to Hermosa Beach every day and the traffic was horrendous,” explained Rick. What really made Rick think about a solution was the fact that in most of the cars he would see in his commute were occupied by lone drivers. “I noticed that everybody around me was a single occupant in a car, taking up the whole lane,” Rick said. Living and working in Los Angeles also helped inspire Rick’s unique creation. “I thought, everyone wants to get from point A to point B efficiently, and in cities like Los Angeles there’s really no centre, there’s no hub, everybody goes everywhere,” explained Rick. For him, there is a simple solution, and that is reducing the width that vehicles take up on the road so that 2 can fit comfortably in a single lane. “I don’t think there’s any other answer except doubling lane capacity,” said Rick. With a length of 102 inches this micro car can be parked just about anywhere, just like you would with a motorbike. Rick said: “The length is the same width of a semi-truck so I can park perpendicular to the curb.”The selling point of this vehicle is that it can drive in-between cars better than any other car. “The coolest feature for me to that it can get through traffic faster than any car in history,” said Rick. Much like a motorbike, the Tango T500 can drive right up to the stop line of traffic lights.
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Thomas Plantenga bet the future of Vinted on a television advertisement. The secondhand clothing resale app was burning $1 million per month and had less than a year of cash left when Plantenga made an $800,000 gamble on French television. It was May 2016, and Plantenga had recently been hired to save the eight-year-old Lithuanian startup. After its founding at a college party in 2008, Vinted had grown rapidly as people from 10 countries used its platform to buy and sell secondhand clothes. <br/><br/>But it was free for users, barely covering its server costs with advertising, and an attempt in 2014 to bolt on a Poshmark-style 20% sales commission resulted in a user revolt. Traffic almost halved overnight. The Netherlands-born Plantenga, who had never been to Lithuania, signed up for a five-week gig as a consultant in May 2016. He ended up becoming Vinted’s CEO 18 months later.<br/><br/>Seven years later, Vinted is one of Europe’s largest consumer marketplaces, with over $600 million of revenue in 2023. It now counts 100 million users glo­bally. Last year, it posted its first annual profit—at least $20 million—distinguishing it from its loss-making American cousins including The Real­Real (valued at $360 million), ThredUp ($200 million) and Poshmark (sold for $1.2 billion). Vinted became the Baltic nation’s first unicorn in 2019 when it raised $140 million at a $1.1 billion valuation, and sales have since grown sixfold. <br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/iainmartin/2024/04/15/how-lithuanian-startup-vinted-spun-secondhand-clothes-sales-into-gold/?sh=5a47e3eaa3f0<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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