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 moment became unforgettable for audiences, and the presenter was appreciated for his recovery.
13 hours ago
Even without the raise, Oliver remains one of the top-paid faces on American television.
15 hours ago
The story resonated with thousands of fans who made sure to set things right for the hardworking man .
1 day ago
After O'Leary and Rodriguez made offers, Cuban also joined Greiner to make an offer.
1 day ago
The Home Depot staffer requests the individual's tax-exempt number, which the individual declines.
2 days ago
She also called out Walmart after describing how she was feeling about wearing unwashed clothes.
2 days ago
Like any struggling young actor in the 80s, White was looking for any opportunity to appear on TV.
2 days ago
The man bought three tickets but left the last one at the counter and the man on the counter just checked it out of curiosity.
3 days ago
Perry's comments about splitting bills and the women being the breadwinner did not go down well with many.
4 days ago
The woman finally asked for help from a worker at Walmart and found out more alarming details.
4 days ago
Walmart worker confronts the return scammer, sparking a viral debate on ethical consumer behavior.
5 days ago
She was only offered $6,600 as a “goodwill gesture” for being the winner. 
6 days ago
The man from New Jersey bagged the reward when he was in the studio just as a member of the audience.
6 days ago
Viewers were left scrambling for an explanation until the glitch was fixed during a re-run later that year.
6 days ago
The person who originally listed the property later explained the logic behind the design.
6 days ago
Later, she finally found a way to get rid of the Tahoe after three years of paying $1,400 a month.
7 days ago
A study highlighted the alarming number of bacteria found on a large package from Amazon.
7 days ago
So far the recall hasn't been directly linked to the salmonella outbreak caused by eggs from another brand.
7 days ago
The employer was overwhelmed after learning about the struggles of his employees.
7 days ago
The video gained so much popularity that some users even advised Amazon that it could be their next commercial.
Dec 4, 2024