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So you just explained why Starbucks charge what they do
I appreciate the transparency
Such a smart way to tell your customers that you have to raise prices .. first clickbait them (not appreciated) and then lay all the facts on the table (very much appreciated)
And then… market your new product as well!!
Who did these edits??? They’re so different.
Nice video bro! What can you say about MetaMotor Club?? I recently found out about this car-themed NFTs and heard the info that if u invite people to discord, u get prizes such as a Rolex or a first class flight + hotel to the MetaMotor Club party.
Love to see the transparency, it’s not easy for any business owner to show their margins/ costs/ etc …
You mentioned that you’re open to selling your products in retail shops, just know that you need to have really healthy margins to be able to start wholesale … so I would really look into that if I were you.
I love that I got a coffee ad in the middle of this video
The openess alone makes me want to support.
Still waiting on the K-Cup. But after hearing this video I understand why it’s taking so long.
The first thing I did when I saw the title was check the date. Lol he does an April fool’s day video every year. He got me the first two times. I thought that this was another one but we still got a month to go.
Graham for president!
You can’t possibly be as sad as that thumbnail suggests. You’re still a multimillionaire bro, keep the perspective 💪🏻.
having a breakeven company is just good karma, should keep it as long as you are making millions elsewhere this is essentially a means to assist in the masses to get decent cheap coffee and you can also provide a few jobs
The name Bank Roll coffee is a disconnect. How does that reflect to the quality or taste of the coffee. It’s lost that just the hope you had of selling .20cent coffee for a large profit aka : bankroll. I knew this from the start it was bad name but wanted to see if people who buy it because of your YouTube brand?
This a cheap leaning experience for you because you made so many mistakes , one is not pivoting enough. 😆 keep learning !
What does he use for shipping?
The most honest and transparent business model explanation I’ve ever seen. Thank you for the video Graham
Thanks for being transparent
Bidenflation
Best of luck to you Graham
$32 for coffee???😳🤯!!!!
Graham is the Monkey picking stocks video coming up soon???
Man i own a coffee shop in Asheville, I feel your pain!
This video is a good explanation of why companies need to increase prices because of inflation. They really try to not raise prices but they have to, otherwise, they go out of business. Are you going to have worldwide shipping? I would like to buy some new tea!
“I did that” Joe Biden
Learn competitive strategy – if you’re aiming to be the low margin offering, you need massive volume. Without scale, you’re just a low margin, low volume, lucky to break even business.
Increase your margins if you can’t get that volume.
Curious what software you are using to manage the company?
Why not charge customer’s shipping? Make it free if they buy a lot though.
Bankroll isn’t a good name
That’s his way of getting us to accept the increase in price
Some ventures fail Graham. Take what you’ve seen here and learn from it.
Dude, this is the backdrop your regular videos need. It’s fresh and engaging! I’d make this the new set if I were you!
every time I buy Starbucks I put It into my Roth IRA.
Make it into a subscription business, increase price and add in premium content as an added value.
Boom problem solved.
Like others have said. Go entirely basic with your packaging. I’ve bought coffee that’s 3 times the cost of your coffee (because it’s specialty of course) and they literally throw it in the most basic bag ever. It’s about the beans not the package.
Oh … Walmart coffee (great Value) and a Mr. Coffee is better … JAVA!! Then get some weird arce penny stocks with savings! Maybe ALYI OR ABML OR CFTN Ok carry on! Putin Sucks !
Your coffee company doesn’t state if your coffee is low in acid or how it was grown.I could not find any information on whether or not your coffee is Tested For Mycotoxins, Heavy Metals or any of the other 400 Toxins that may be present in the coffee.
Coffee can also have mold. Is your coffee chemical-free, non-GMO and shade grown? I have no idea..🤷🏻♀️
Me: Taking a lesson from AlphaM YouTube channel with an added spin huh?
Graham: *laughs quietly and whispers to self, “thank God for my subscribers who follow me”.
Why are you always crying
You should do a video of what state is better to retire at. Like what state gives you the most SSI benefits ect. Especially for us who’s parents were financially illiterate and barely have a 401k ect.
It’s hard putting energy into something that isn’t paying off . Like my YouTube channel ! 😂 bruh . It’s exhausting . Loved this post graham ✌🏼
Hope now you understand why the coffee in starbucks cost $5.
Echo echo echo echo…ech..
“We’re moving into bankroll tea cause I know not everyone drinks coffee” – Rip Members of the Church of Jesus Christ of Latter Day Saints
The transparency Graham has here shows that his ethics are on point. Been on the fence about ordering for awhile but finally convinced I need to try his coffee. Thanks, Graham!
Direct to consumer is a terrible business because getting a new customer costs way too much money in America
CNN told me inflation was good for the economy though.
Appreciate the transparency!
Isn’t starbucks based on the sonne borne model of owning the real estate and being the landlord of your franchisee. They like McDonald’s are more geared towards real estate than the products like coffee that they sell. Feel free to comment.
Can you get this coffee kosher certified
you should ipo your company
Stick with the coffee leaders: Costco Kirkland, Starbucks, Folgers, Donut Shop, in that order!
SPAC the Bankroll company!
Investing now to average down and hold!
And now you know why Starbucks coffee is more expensive compare to what you make at home
im sorry but how did you not consider the costs at all? thats pretty fuckin nuts, howd you expect this to work?
Graham… You are a Great Youtuber man. People naturally gravitate towards genuine people
“And eventually putting Starbucks out of business!” 😂
you need to go on shark tank
There will be better days. Hang in there
What are you doing spending any money on advertising? This channel and your side channels are the only place you should be selling this at. That’s your fan base .
I love coffee that I get acid reflux. O_o. lol Starbucks
Buy Luna, you will bounce back.
I thought coffee would have huge profit margins.. crazy to see the facts.
customer service = Alex
It is difficult to keep coffee cheap and tasty.
“Bankroll coffee” is a terrible name for a brand!
Another reason for not drinking coffee.
You must try honduran coffee!
Real estate agent just stick with that own your rentals and there you go I’m lucky enough to have my own rental property
I have been holding since July 2021. I am now looking forward to 50 cents. I will triple my ADA. If it happens I would go down more than 50K. But that is ok. It will go back to 3$ dollars by the end of 2022. And that makes me a lot of money.
Bought 110k ADA at $1.10 on January 10th (1/10). I thought that was pretty awesome, haha. I bought 10k more than I was going to to make the triple 110 happen (smart investing, right?). But all of that money came courtesy of selling 700 of my 1000 SOL at $238 in November, that I bought at $22 when BTC double bottomed near $39k in July. But anyway, thanks to the panic sellers who sold me their ADA (which was down 64.5% at that point) at an obvious very strong BTC support. Much appreciated kudos to my Investment-Advisor *Susan Agnes Hancock* who got me started
@Ivy Theodore ADA’s fundamental is so strong, especially with SundaeSwap’s launch. So excited for all the happenings rn in Cardano’s ecosystem, & I’ve been staking my ADA with CCV3 pool. Curious on how much more ADA & Sundae tokens will I make then. I am really curious about your IA and her positions.
@John Wes she has a webpage. just look her up… I have been with her since 2017 started small, grew and paid cash for a house.
@Ivy Theodore woo you know Agnes Susan Hancock too. been trading under her guide for couple of years now
So tired of the clickbait… Just too much
It’s crazy how inflation can make or break a business
Hi Graham, long time fan.
With regards to your costs, would it make sense to ship in bulk to a Midwest distribution center based on quantity of orders and then have more level shipping costs throughout the U.S.?
Also, inflatable airbags might be better than peanuts for packing and using a poly mailer could be cheaper than boxes.
I hope this can help return you to profitability. Cheers!!!
Hey! I’ve spent $500,000+ on ads for multiple small business, including during this inflationary period. You’re not lying about increasing costs. Many business administrations are feeling the same pressures; but very few have the openness and genuine communication like you. They make moves in the back end and just expect people (and fired employees) to understand. Not how it works. This video is very refreshing! Right on.
Thanks for sharing!
Now it’s going to be .23 cent iced coffee
noOOooo
Advertising
Graham, how bout you lower your costs? President Biden said that greedy companies like yours raising prices are what is causing the inflation problem. He’s a democrat, so he couldn’t possibly be lying to me. Only Republicans tell lies.
Please do better and stop being greedy.
you mean 20 cent coffee won’t be 20 cents anymore? 😥
Prices are up and coffee is not immune from the chaos. Congratulations on what has happened so far and wish you the best in the future!
Hey man, I know you’re all about affordable coffee but think about it this way: Coffee at the grocery store is becoming more expensive as well so even if people decided just to buy Walmart coffee or something, even that won’t be quite as affordable as it used to. There’s actually nothing wrong with companies charging more money as inflation occurs, the only problem comes when the employees for the company don’t see an increase in pay when this happens.
Just blame it on russia
Your shipping is way too expensive. Those little coffee bags don’t cost that much to ship. Are you shipping them in house or are they shipped by third party? Depending on your volume, you should be able to get good discounts from UPS/FedEx.
Try buying shelf space at Walmart & Target. I don’t know what else to say.
Perhaps you could donate your customer base or work something out with black rifle coffee it’s supporting vets with a similar business model.
Ahhh I see what you did here, lol
How about coffee pods?
20% rule of thumb
I’m embarrassed. I been watching your vids for a while and I always thought Bankroll Coffee was like a brand or something. I need more coffee rn so I’m getting some! Ship it to Houston TX!
I knew you were addicted to coffee
How about a thank you email, save the paper and cost
This is a legendary business data anecdote. Thanks for walking us through it Graham!
With your interest in investing and cost effective coffe I don’t understand why you never got into produce futures.
Dude you’re a real life entrepreneur who seems like a decent intentioned person. I’m def a lifelong fan as long as you keep these same ideals.
Kinetic kennons youtube channel has real good coffee too from Mexico called Con todo coffee they sell it for like 27 bucks or so but they do subscription type of plans and occasionally offer single purchases
Inflation keeps taking away the things we love.
Thank You president Brandon … the dumbass thinks 20% inflation is good !
you are going with a central warehouse or distributed?
Cut down on advertisement!
Maybe buy labels and shipping material in bigger bulk to bring down the overall cost or have a eco friendly shipping option where you just ship the coffee and nothing inside the box, we just throw away the post card anyways lol