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
The company has issued an apology in a statement for the inconvenience caused.
10 hours ago
Michael Burry made a return to X with a cryptic message warning against the 'AI Bubble'.
10 hours ago
The host had no idea what the contestant was saying until he cleared it up.
13 hours ago
Ryan Seacrest was surprised that the contestant was able to get it right so quick.
15 hours ago
The creator claimed that it was all part of a bigger business model that got the bigger brands paid.
1 day ago
The group received massive backlash on social media from the show's fans for their trouble.
1 day ago
The two had become close friends during their time on the show, which saw Jennings become a legend.
1 day ago
The contestant had seemingly broken a few things that belonged to her father in her younger days.
1 day ago
At a price of just $4.99, the rotisserie chicken is one of the most popular Costco items.
2 days ago
The audience member let out a large cheer when a contestant said what an ex could teach a wife.
2 days ago
McMillon did not say that there were going to be layoffs, but that has been the theme at other places.
2 days ago
Most shoppers are aware of Costco's warehouse stores but that's not all they have.
3 days ago
These deals will be available until November 16, so it's best if one hurries and gets the products for cheap.
3 days ago
The contestant made Harvey laugh harder than a lot of people have in recent history.
3 days ago
The business will be focusing mainly on its home state and aims to accelerate growth just there.
3 days ago
The contestant said that a lot of people believed she looked like Disney princess Snow White.
6 days ago
The expert valued the item at a lot less than what the guest wanted for it.
6 days ago
The host could not stop laughing for a while after hearing the answers.
6 days ago
The unprecedented halt of SNAP benefits and tarriffs will hurt the supermarket chain.
6 days ago
These days, the sale starts way before the actual Black Friday so that customers can beat the rush.
6 days ago