Connect with us

Success Advice

Vitamin Waters CEO “Mike Repole” – How To Create A Billion Dollar Brand

Published

on

Image Credit: Unsplash

Although he’s sometimes most proud of being a jock, 38-year-old Queens, N.Y., native Mike Repole can also brag about his entrepreneurial prowess. As the co-founder of Glacéau, the successful maker of Vitaminwater, he’s guided the private drinkmaker (which also produces Fruitwater and electrolyte-enhanced Smartwater) to sales that are expected to surpass $1 billion soon. The company is so hot, Coca-Cola scooped it up for a reported $4.1 billion.

In this article Mike Repole shares his Business advice and success tips in branding your business for the masses.

Mike Repole: I’ve used this philosophy in both the success of VitaminWater and Pirate’s Booty. As the President and Co-Founder of Glaceau, I co-created the vitaminwater brand and, as a team, we took it from one bottle to $1 billion in sales, ultimately selling the company for $4.1 billion to the Coca-Cola Company. As Chairman of the Board and the largest shareholder of Pirate Brands (makers of Pirate’s Booty all-natural snacks including Potato Flyers, Smart Puffs, and Tings), we’ve been able to accelerate sales from $50 million to $100 million in 18 months with the five-year goal of $500 million. With consumers more focused than ever on healthy snacking, a great brand and people on board, the company’s potential is limitless.

Great brands aren’t “me toos”

Success relies on building a brand that is a trendstarter, not a follower.

Forget about the research reports that large corporations pore over.

Everyone reads the same things, does the same things and, not surprisingly, gets the same results. The best and most innovative brands don’t react to research reports or jump on existing trends; they create trends and make others react.

To get meaningful insights you need to be curious and watch and talk with real consumers.

I’ve never held or attended a focus group, nor will I ever. I walk into convenience, grocery and mass-market stores as an everyday customer to watch and talk with consumers one-on-one. This taught me that consumers felt there were only two types of snacks on the market: high fat, high calorie that tasted good and low fat, low calorie that didn’t taste great. The market was clearly poised for Pirate’s Booty, started two decades ago by Robert Ehrlich, a true pioneer in the health and wellness movement, to make enormous gains with a third category that broke this mold and everyone in the family could agree on. Kids ask for it and Moms feel good about buying it for the family.

But, even if you have an innovative product and limitless brand potential, you can’t maximize that potential without great people.

Wanted: passionate people and sore losers

To be successful, you need to be passionate about your beliefs. The most important thing you bring to the business is yourself, and the same holds true for all employees. People at large companies constantly hear “we can’t do that” or “no,” and that kind of environment deflates people’s passion. Everyone at Pirate’s Booty has a voice, but more importantly, a voice that is heard. I’m a true believer in healthy debate. Everyone’s opinion is valuable and no one’s opinion is valued over the rest.

“I seek out sore losers, because people who hate to lose are always going to find a way to win.” ~ Mike Repole

When opinions of great people are heard and contribute to the decision-making process, it’s only then that a brand can reach its full potential. That’s why we don’t look at our people as employees, but as owners in the company. To make that a reality, everyone has stock options so that everyone truly shares in the company’s successes, from the shipping clerk to the CEO.

In addition to passion and a feeling of ownership, one final element that defines great people is the drive to win. I seek out sore losers, because people who hate to lose are always going to find a way to win. I’ve never run into anyone who hates to lose more than myself. It’s important to hire highly competitive people who are willing to do what it takes to win, especially when the odds are against them. All 50 people at Pirate’s Booty possess the energy, passion, commitment and dedication that it takes to build a great brand and be a winner.

For many people, being small means you’re the underdog.

Success isn’t about size. When you have a great brand and passionate people behind it, you’re never really the underdog. But take advantage of others’ perception of you as the underdog, because it’s one of your greatest weapons in battling the perceived giants. As I see it, the pressure is always on the big guys, because everyone always expects them to win. As underdogs, we can make unexpected, quick, and nimble moves, which give us a major advantage over large corporations. While it takes six months to a year to get a project off the ground at a big corporation, the so-called underdog has already jumped on the latest health and fitness trend and has moved on to the next big idea.

Anytime there are risks involved there are plenty of reasons to stay out of the game, but being an entrepreneur isn’t about excuses, it’s about results. So if you’re committed to your beliefs, build a brand by listening to potential customers, and find people who can share in your passion, because that’s what it takes to create the next big health and fitness trend that everyone else will be chasing after.

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances. I'm proud to say through my podcast and through this website we have impacted over 200 million lives in the last 10 years.

Advertisement
1 Comment

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Success Advice

Understanding the Power of Yes and No: How to Create Boundaries For Success

These words have a significant impact on how our success unfolds

Published

on

Creating legal boundaries
Image Credit: Midjourney

The two smallest yet most powerful words in life, “Yes” and “No,” have a big impact on our growth on both personal and professional levels. In addition to affecting the choices we make every day, these words have a significant impact on how our success unfolds. (more…)

Continue Reading

Motivation

From Couch Potato to Go-Getter: A Step-by-Step Motivation Plan for Everyone

By understanding what motivates you, you can turn your dreams into reality

Published

on

How to be motivated
Image Credit: Midjourney

Are you tired of feeling like a couch potato? Do you want to transform your life and become a go-getter? You’re not alone! Many people struggle with motivation, but the good news is that change is possible. (more…)

Continue Reading

Success Advice

10 Micro Financial Habits for More Wealth and Peace of Mind

The World Economic Forum still reports that half of U.S. adults lack financial literacy

Published

on

micro financial habits
Image Credit: Midjourney

You’ve heard about developing financial habits, but what about micro-financial habits? Micro habits are the tiny things you can do every day with minimal effort that, together, transform your future. (more…)

Continue Reading

Success Advice

Success Without Purpose is the Path to a Lifetime of Overwhelm

When we focus on purpose and build businesses that offer more opportunities for others, we stop chasing hollow success.

Published

on

building a business with a purpose
Image Credit: Midjourney

Success isn’t just about hitting revenue goals or climbing the ranks. The grind of working longer hours, chasing more clients, and pushing for higher profits can lead to burnout and a sense of disconnection from the bigger picture.  (more…)

Continue Reading

Trending