It’s the Dollar Shave Club… but for women. The idea came about when Georgina Gooley found herself frustrated with the cost of women’s razors. In fact, women pay an average of 13% more for personal care products, which includes razors, compared to men. So in 2016, she joined Jason Bravman to change this pointless pricing discrepancy.
ALSO READ: This startup will turn your lawn into a space heater
And ‘Billie’ was born… an online subscription service, much like Dollar Shave Club that delivers low-priced razors and other body care items. The starter kit is $9 and comes with a razor handle, magnetic holder, and two five-blade razor cartridges (all with free shipping!). It’s a good deal, too – a comparable product in-store would cost $20.
They are cruising… with 13 full-time employees and an impressive celebrity backer. Along with $6 million raised in seed money, Serena Williams also invested in the start-up. Now, the company is focusing on meeting the booming demand, which is a blessing and a curse.
WALL STREET SURVIVOR'S BEST OF THE BEST LIST
MARCH 23, 2020: URGENT UPDATES TO HELP YOU MAKE MONEY WHEN THE MARKET IS DOWN!
The markets have dropped over 30% since their highs just a few weeks ago because of the Coronavirus, but we are starting to see more signs that this might be a PERFECT BUYING OPPORTUNITY:
#1. HOT Fool Picks in Spite of Crash. Here is why we love the Motley Fool--On Thursday, March 19, 2020 they recommended Zoom Video (Ticker ZM) when it was at $124.
Today, March 23 it closed at $160, that's up 29% in 3 days! But that's not all, they also recommended it October 3, 2019 when it was at $77 so that is up 108% since they picked it back in October, in spite of the market crashing 30%. Other recent picks are TSLA, NFLX and TTD which are all UP since they were picked!
#2. Stock Prices Are Down 30%. This is a good thing! If you are thinking of buying stocks, now's your chance to get quality companies at much more affordable prices. This offers a very attractive entry point, because stocks are ON SALE and you can now buy quality stocks for 30% less than you would have paid for them in February.
#3. More Articles Are Starting To Recommend Buying. As we are nearing the bottom of this drop, we are starting to see more articles like this: BlackRock is suggesting we may be at a "once in a lifetime opportunity", Morgan Stanley says to start buying, and Warren Buffet has a stock pile of cash and rumors are he is starting to buy.
#4. Dollar Cost Averaging Works! Since nobody knows where the bottom will be exactly, smart investors continue to invest a fixed dollar amount in the market each month. This is called Dollar Cost Averaging. That way, when the markets are down you are buying more shares of your favorite stocks at cheaper prices. This helps drive down your average cost and increase your profits when the stock market moves back up.
If you need recommendations for stocks to buy now, keep in mind that the Motley Fool Stock Advisor beat the market by over 30% the last 4 years, and they are currently recommending that NOW IS THE TIME to start buying some of those quality stocks that should make up the foundation of your portfolio. The Motley Fool Stock Advisor service is recommending at least 15 stocks that you should plan on holding for the next 3 to 5 years. So, if you need investing ideas, it is a PERFECT time to consider the best stock newsletter over the last 4 years--The Motley Fool Stock Advisor
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