Truffaux

How We Created A $150K Panama Hats Brand While Traveling The World

November 28th, 2020
Oska Truffaux
Founder, Truffaux
$50K
revenue/mo
2
Founders
3
Employees
Truffaux
from Melbourne VIC, Australia
started
$50,000
revenue/mo
2
Founders
3
Employees
market size
$1.71T
avg revenue (monthly)
$26K
starting costs
$13.7K
gross margin
40%
time to build
210 days
growth channels
SEO
business model
content-library
best tools
Instagram, Facebook, Shopify
time investment
Full time
pros & cons
35 Pros & Cons
tips
4 Tips
Discover what tools recommends to grow your business!
Discover what books Oska recommends to grow your business!
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Hello! Who are you, and what business did you start?

It all started in 2007 when we moved to Ecuador.

We dreamed of traveling the world as a family, creating things we loved, and making the world a better place. I didn't bring any hats and was horrified to find that all the local hats looked terrible. Here I was in the motherland of Panama hat production without a hat, so I designed my own at the local hatmakers. And so it began.

Over the next year, everywhere we went, tourists would stop and ask me where I bought my hat. I slowly realized I had become a hatmaker.

Our dream was to create original weaves, rich colors, and beautiful designs and bring this art form back into the world. We geared the business to sell online to the global market, and specialize in hats that no-one else made. It became quickly apparent that selling online was not going to work, so we started doing lots of popup stores.

With a seasonal summer product range, we always needed to be somewhere warm and sunny (not Melbourne). Thus began a ten-year cycle of summer in Australia, then summer in Europe, France, and Hawaii. It was a beautiful party, but after opening 30 stores it started to wear thin,...

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