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Of course it’s impossible to know what their sales would look like if they had a sales team, and tons of money spent on ads. 2X, 5X, 10X, 20X? As long as the
by watertom 5y ago
Of course it’s impossible to know what their sales would look like if they had a sales team, and tons of money spent on ads. 2X, 5X, 10X, 20X?
As long as the founders and investors, are happy with their current sales numbers.
- 411111111111111 5y agoA reduction is also possible, because currently it's profiting from word of mouth marketing which is increased by the psychological effect of it being a "secret tip that few know". I don't think marketing budgets will significantly improve sales on saturated markets like sauces. Especially if it's currently an unknown producer. That's probably going to change once their name is established however.
- asah 5y agoExample: beyond meat is only 12 years old. That said, I'm not sure sales would be much higher, so much as having achieved them sooner.
- srmarm 5y agoYeah, for such a globally known brand that is so widely available and used £150m seems like quite a small sales figure. Of course as a company with such humble beginnings and simple structure it's a great figure.
- thehappypm 5y agoWell, it's hard to say. McCormick's (who own a ton of sauces, like Frank's RedHot and Cholula) has a revenue of ~$6B. If Sriracha was the cornerstone of a more traditional condiment company, perhaps they could grow through marketing, and M&A to about that size.