ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Online Entrepreneur Shares How Social Media Helped her Small Business Achieve 10-Fold Growth

Stormi Steele, founder of Canvas Beauty grew her business from six employees to 60 in just 6 months.
PUBLISHED APR 28, 2024
 In this photo illustration the logo of  TikTok is displayed on the screen of an apple macbook pro computer | Getty Images | Photo by Chesnot
In this photo illustration the logo of TikTok is displayed on the screen of an apple macbook pro computer | Getty Images | Photo by Chesnot

At a time when side gigs are becoming an essential way to live beyond the paycheck and to maintain savings as well as financial stability, social media has empowered small businesses, entrepreneurs, and solopreneurs to reach millions of customers worldwide. In the past couple of years, TikTok has emerged as one of the most powerful marketing platforms for small businesses. One of those who made the most of it with a small investment is the founder and CEO Canvas Beauty, Stormi Steele.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Stormi Steele (@canvasgirlbeauty)


 

Building a $200,000 business from her kitchen

Steele founded Canvas Beauty with her handmade hair and body products which she made in her modest 100-square-foot kitchen, and with the help of her TikTok Shop, trademarked Body Glaze Body Butter and Full Bloom hair products gained popularity overnight. Soon, Steele sold products worth $200,000 in a single live stream, and the brand is now on track to see $6 million in monthly sales while her company has grown from six to 60 employees within a span of six months.


@iamstormisteele So we heard yall want some luxury perfum scents… well its HEREEEE!!! Our fine fragrance trio is out!! #bodyglaze #fyp #bodydrops #tiktokshop ♬ original sound - CANVAS BEAUTY BRAND

 

How TikTok boosted Canvas Beauty

Speaking to Blavity, Steele says that her business blew up overnight after they got on TikTok and TikTok Shop. The platform’s powerful algorithm combined with its content allowed the brand to tell its authentic story to millions through a viral bloom.

Launched in 2022, TikTok Shop has become a game-changing addition to the platform. It transformed it into a one-stop shop for both content and online shopping. Integrated within the app, the TikTok Shop allowed creators to sell their products through their content, live stream, and by running ads on the platform.

It also allows users and viewers to discover new brands and products that they can directly purchase from their favorite creators. Steele told Blavity that after getting on TikTok, her business could barely keep up with demand and the way they grew from six to 60 “still blows her mind.”

The brand’s strategy has always been to deliver high-quality products at an affordable price point as a part of its mission to help women everywhere feel their best. TikTok helped them supercharge their reach while keeping their product strategy the same.

Representative Image | Unsplash | Photo by Solen Feyissa
Representative Image | Unsplash | Photo by Solen Feyissa

“We haven’t seen this kind of success on other social platforms in years, and we’re so thankful to have seen it through TikTok Shop,” Steele told Blavity.

Steele also adds that TikTok Shop’s generous promotions gave her long-time customers take advantage of great deals like a 50% discount on their products.

Monetizing engagement on TikTok

Steele mentions that they love seeing user content about their Body Glaze products and they have spent “countless nights scrolling through, reading, listening, and watching” what other creators and customers had to say about their products. This has helped the brand get some positive feedback which boosts their confidence and morale.

Future after TikTok ban

While businesses are leveraging TikTok’s algorithm and reach, the future of the platform currently hangs in limbo. Over the weekend lawmakers in the U.S. passed a bill that would ban the app unless the Chinese owners of TikTok’s parent company ByteDance sell the platform to American business.



 

The House of Representatives passed the legislation by a margin of 360 to 58, as per The Guardian and it will now go to the Senate where it could be voted through this week.

MORE ON MARKET REALIST
This will be damning for the DHS, which is already under immense pressure from the public.
2 hours ago
Experts believe that it has to do with getting a sense of momentary control.
4 hours ago
It seemed like the contestant was heading towards defeat, but his luck soon turned around.
4 hours ago
The company says it has taken action to protect its rights as an importer to seek duty refunds.
7 hours ago
The payout was driven by the company’s financial strength and strong underwriting performance.
8 hours ago
Trump made this claim during his lengthy State Of The Union address earlier.
8 hours ago
Research predicted that in the consumer sector, "AI personalization strategists" and "AI supply-chain analysts" jobs are expected to emerge.
10 hours ago
The product might contain germs as the pasteurization process was not done properly due to a equipment troubleshooting error
1 day ago
The contestant came as close as possible to winning big, but had her heart broken in the end.
1 day ago
Trump failed to address the affordability issue that voters care most about.
1 day ago
He said that society is not quite ready for the pace at which AI is currently displacing workers.
1 day ago
The recall affected products that were sold to customers in four states and in Canada.
1 day ago
Those opposed to the changes believe Trump is politicizing the health of children.
1 day ago
Bessent said that the proposition would be rolled out “in the coming weeks and months,” as a tool for working-class Americans left behind.
1 day ago
“It’s a bad idea. We are very alarmed,” a financial source stated about the proposed move.
1 day ago
A post on X could move trillions of dollars due to the power that retail investors hold
2 days ago
Despite a poor start, the contestant came close to winning the big prize.
2 days ago
The retailer had to face big losses as customers abused the no questions asked return policy.
2 days ago
The President is reportedly looking to pass tax breaks using reconciliation.
2 days ago
"Monetary policymakers would face tradeoffs between unemployment and inflation," Fed governor said.
2 days ago