We Made Millions Selling Candles. We Were Still Broke.
MAY 20, 202682 MIN
We Made Millions Selling Candles. We Were Still Broke.
MAY 20, 202682 MIN
Description
JOIN THE ROOM — Our Private Member CommunityWeekly Sunday Signal, monthly Live Rooms, quarterly gatherings in Lagos, London & beyond.→ https://www.patreon.com/c/AfropolitanpodcastDennis Asamoah built Forever Mood alongside his wife Jackie Aina, turning a candle business into a full fragrance brand that sold 20,000 units in 4 hours on launch day. Six years later, he has navigated warehouse disasters, partnership breakdowns, and the brutal economics of CPG — all while operating as the behind-the-scenes CEO in one of the most visible creator-brand partnerships in the beauty space.We unpack why making millions doesn't mean you're rich, what it really takes to run a business with your spouse, and why most creators overestimate how much their followers will actually buy.EPISODE SPONSORS💳 VBAN — Open a free global account in minutes. Use code AFROPOLITAN: https://vban.com📈 Hisa — Borderless investments for Africa. Use code AFROPOLITAN: https://hisa.co/AUNTY'S SCULPTURE COLLECTION🎨 A limited collection by Anthony Azekwoh x Afropolitan. 100 pieces. Application only.→ https://formless.ai/c/q1GB9jAzOWTrCONVO BY AFROPOLITAN📞 Book 1:1 calls with Africa's boldest thinkers: https://convo.vip/WHERE TO FIND DENNIS ASAMOAHInstagram: https://www.instagram.com/denisasamoahInstagram: https://www.instagram.com/forvrmoodWebsite: https://forvrmood.com/AFROPOLITANTwitter/X: https://x.com/afropolitanInstagram: https://www.instagram.com/afropolitanpodcastNewsletter: https://www.afropolitan.io/newsletterPatreon: https://www.patreon.com/c/AfropolitanpodcastTIMESTAMPS0:00 – Intro: The myth of having it all figured out2:29 – The uncomfortable truth about building a CPG business3:21 – Selling 20,000 candles in 4 hours (and freaking out)6:04 – Why they chose candles over perfume9:23 – Understanding the creator economy from the inside13:13 – Do followers actually convert to customers?15:38 – Making millions doesn't mean you're rich18:10 – The 70%+ gross margin rule in CPG21:21 – What happens when you sell out 6 months of inventory in 8 hours24:03 – The $50K/month warehouse mistake26:06 – Partnership lessons: when things go wrong29:28 – Heuristics for choosing business partners31:39 – Grace in entrepreneurship as Black founders39:11 – Building Forvr Mood with Jackie Aina: face vs. engine50:40 – The one rule that protects the relationship and the business56:15 – The 90-day content series that grew 8,000 email subscribers1:00:22 – Dyslexia as a superpower1:04:33 – AI tools: Whisper, Fixer, and Claude for productivity1:11:02 – Bootstrapping vs. raising investment1:15:22 – The worst time to raise money1:19:22 – Rapid Fire: Jollof, overrated founder advice & who should be next