He Started With 25 Dumbbells. Now He's Sold to 100,000 Customers

25 Aug 2026 · 43 min · 18 chapters

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In short

Founder story of scaling an adjustable dumbbell e-commerce business from a COVID garage side hustle to 100,000+ customers across 30 countries, plus lessons on speed, execution, international expansion, and unit economics.

Guest

Kareem Razzlan, co-founder of Brain Game (UK/EU adjustable dumbbells business). Background: previously worked in banking (about 13 years; full-time jobs during early scaling) while co-founder was in consulting. Later left corporate roles; visited suppliers in China (first physical trip after ~4 years online relationships).

Key claims

Start small and scale order size; “speed and execution” beat overthinking; meaningful growth comes from unit economics and optimizing FX/payment processing and container costs; international expansion requires deep localization (language, ads, PR) and correct logistics/customs setup; in-person supplier meetings improve negotiations and relationships.

Notable examples

Facebook Marketplace ads selling 25 then 75 pairs within days; scaling from garages to containers; chicken supplement supplier doing ~$12M/year with 3 people; Germany/Europe customs registration error costing ~£12k; PayPal/Amazon currency conversion fees costing ~€12k/month; local EU IBAN reducing that 2% loss.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

Tap a time to open that second in VO

The Start of a Business Journey

1:11 to 2:41

Discussion about the initial steps taken to start the dumbbell business during COVID.

“Six years ago, you were working in banking.”

Scaling Up Operations

2:41 to 4:26

Exploration of the decision to scale the business and logistics challenges faced.

“They don't want to be surrounded by a bunch of people taking photos in the big gym, etc.”

Mindset Shifts and Risk-taking

4:26 to 6:10

Insights on mindset changes needed for entrepreneurial success and taking risks.

“And at the time, it was like, you know, nervousness and this, that and the other.”

Learning from Small Steps

6:10 to 7:03

Emphasis on starting small and gradually increasing investment for growth.

“London, dropping dumbbells off to people's houses, let's get a courier relationship up.”

Finding Unique Niches

7:03 to 9:20

Discussion on the importance of finding niche markets and unique products.

“and that's a mindset shifts as much as anything right as well and and I love the fact that um your dad was getting you to think big yeah yeah bigger than you were thinking at the time right it?”

From Idea to E-commerce Success

9:20 to 11:13

The journey of adapting successful products from other markets into the UK.

“That's still, that's never going to leave me.”

Balancing Corporate and Entrepreneurial Life

11:24 to 14:00

Reflections on managing a corporate job while starting a business and the lessons learned.

“World First helps founders manage global payments and FX more efficiently with access to competitive exchange rates and tools designed specifically for growing businesses.”

Reflections on Decision-Making in Business

14:00 to 17:30

Learn about the importance of timely decision-making in business and its impact on personal life.

“is like by not being fully focused on the kind of the brand and the company and the opportunity, I just wasn't getting to stuff quick enough.”

The Importance of Personal Connections in Business

17:30 to 19:00

Discover how personal relationships with suppliers can enhance business opportunities.

“the corporate world to join the entrepreneurship world.”

Navigating Supplier Relationships and Opportunities

19:15 to 21:40

Explore the nuances of dealing with suppliers and expanding into new markets.

“I remember like the first night we had, you know, a long agenda of all these contracts that we're trying to negotiate and, and, and.”
Show all 18 chapters

The Value of In-Person Meetings

21:40 to 24:40

Understand why face-to-face meetings can be more effective than virtual communication.

“And I think it just goes back to my, when you're in your corporate job and you're getting your, I don't know, three, four, five, seven, whatever thousand pound a month salary.”

Balancing Work and Personal Life in Business

24:40 to 28:00

Learn how to manage work-life balance while running a global business.

“To be honest with you, man, I think I'd be, I think I'd be in exactly the same place, you know, like I'd been in a position where, look, like I always enjoyed my job.”

Dream Business Setup: Skiing and Work

28:00 to 29:48

Discover the ideal work-life balance of running a business while enjoying leisure time.

“I always remember a lovely lady called Joy who was a client when I was a PT, actually.”

Challenges of Expanding in Europe

29:48 to 35:11

Learn about the complexities and costs of growing a business across Europe.

“So Amazon as a channel is awesome in terms of customer trust, scaling, expansion.”

Strategizing for US Market Entry

35:11 to 38:06

Understand the strategic decisions involved in entering the US market.

“that we're planning on attacking in 2027.”

Understanding Unit Economics

38:06 to 41:29

Gain insights into the importance of knowing your unit economics for profitability.

“What's the, I mean everybody at some point in time as an entrepreneur, as a business owner lies awake at night worrying about something.”

Rapid Fire Questions and Entrepreneurial Wisdom

41:29 to 42:01

Enjoy quick insights on entrepreneurship and personal reflections from the guest.

“Again, don't know how much you're into your music, but if you could pick one song that reflects the journey that you've been on, what would it be and why?”

Discussion on Inspirational Entrepreneurs

42:01 to 42:55

Explore the stories of entrepreneurs and their impactful journeys.

“I'd say Living on a Prayer Bon Jovi, but specifically the I'm Halfway There.”
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Transcript

Automatic transcript. May contain errors.

0:00Alex Chisnall:Six years ago, you were working in banking. Today, you've built a business serving more than 100 ,000 customers across 30 countries. We knew nothing about importing, sourcing, Chinese supply chains, etc. And we started with 25 pairs, and within two days, they were gone. Bought 75, same thing. Fast forward, it then became 150, it became a container, it became two containers. I was speaking to a guy who sells supplements for chickens. There's$12 million a year at like a 30, 40 % margin, and they're a three-person team. Supplements for chickens in America that he's making three to four million a year on.

0:35Pure play profit. A lot of what we do isn't complicated. It's just a game of speed and execution. And I was sat in these bullshit corporate meetings of training, and my phone's ringing, and I've got all this stuff, and I was like, you know what? This isn't it. This isn't it anymore.

0:55Alex Chisnall:What stops founders from building something meaningful isn't a lack of ideas. It's the fear of getting started. I'm Alex Chisnell, and this is Screw It, Just Do It, the podcast for people who are ready to stop waiting, take action, and make things happen. Six years ago, you were working in banking. Today, you've built a business serving more than 100 ,000 customers across 30 countries. I want you to take me back to the moment you realized selling adjustable dumbbells from your parents' garage might actually become a business. Absolutely. Yeah. Look, first and foremost, Alex, thanks for having me on.

1:30I've been a keen follower of the pod for a long time, so thank you. So yeah, if I take you back to kind of COVID 2020, lockdown, gyms are closed. It was actually my co-founder that got served an ad on Facebook or Instagram for a pair of adjustable dumbbells. And he was like, hey, Cream, what do you think? We're sat at home. We're not really doing anything. Gyms are closed. There's an opportunity here to basically make a quick buck. And we knew nothing about importing, sourcing, Chinese supply chains, etc. And we started with 25 pairs. Two, three months later, they arrive at our parents' house.

2:06We're physically unloading these 25 kilo boxes. And then we just set ads live on Facebook Marketplace. And within two days, they were gone. We were then like, look, let's go a bit more bullshy. Bought 75, same thing. Two days, three days, they were gone. Fast forward, it then became 150. It became a container, became two containers. And I remember it was maybe around like April 2021. We had four containers arriving to the UK and the latest lockdown was lifted. And we were like, what on earth are we going to do with all of these dumbbells? And actually what we found is not only had COVID kind of behaviorally changed people's views around like working out from home, but I think there's always going to be a steady state demand of people that don't want to go to a commercial gym.

2:54They don't want to commute. They don't want to be surrounded by a bunch of people taking photos in the big gym, etc. And yeah, fast forward to today, we're in the UK and Europe. Yeah, with ambitions to take it to the US. And yeah, spread globally is the plan and the intention.

3:10Alex Chisnall:And take me back to when you decided to get the 25 sets to start with, you say? Yeah, yeah. So you preceded that by saying you didn't know anything about importing, exporting, rules, regulations, whatever that might be. Nothing. You didn't even know who your target demographic was, right, or anything like that. So how long from talking about it and your co-founder to actually taking action and buying them with a purpose to sell them? Yeah, so I think to be honest, we'd always, I mean, even going back to school, we always like experimented with a couple of little side hustles. So, I mean, as I know a lot of people did, like, you know, we used to sell sweets at school, go to the local corner shop, buy something for 60p, sell it for two quid.

3:59And we just like walk home with a pocket full of money, which is brilliant. Yeah, I mean, the margins, I felt wealthier then than I've ever felt in my life. And then we tried to do something at kind of university, but didn't kind of take off. So we'd always had in mind, we wanted to do something. So I think when the opportunity came up, he was just like, what do you think? And to be honest with you, we were in the camp, look, we're at home. We were both working corporate jobs. We're both getting paid. Okay, we had savings. And it was just a case of, look, it's a two grand investment, which I know obviously like I don't want to belittle that but it was a case of like look if it comes we sell it great if it doesn't sell then what's the end of the world and I think for us there was a bit of like nervousness around like well how are we going to sell this and what are we going to do with them and all this stuff and there was actually something my dad told me after we'd bought the 75 that was always stuck with me he was like Kareem look you're buying a product that's not perishable there will always be a demand for this like why are you guys faffing around with like 25 and 75, go like full hog and buy 10 ,000 and you'll sell them.

5:01And at the time, it was like, you know, nervousness and this, that and the other. But I think it was, you know, for us, as it was starting to like scale up from a physical operation, you know, a container would arrive, we'd have to hire 10 guys, we'd have to physically unload it. And it was just becoming like unmanageable. And then around that time, it was people were starting to talk about Amazon FBA, and retail arbitrage and all this stuff. So we're like, hey, let's give it a go. Set up a Shopify site. Within a couple of hours, we had our first sale. And we literally like contacted the customer and we're like, with all your stuff, where the hell, where on earth did you find us?

5:40And she was like, look, I saw your ad on Facebook Marketplace. I didn't really trust it. So I found a website. I found your website and I bought it. Which I think when you're not involved in like e-com, you kind of just assume that like website is safe. but obviously Facebook marketplace, it's the same guys, same products, same everything. And I think there was just this like dopamine hit of when you get that Shopify ping, you're like, holy shit. Sorry, I don't know if I meant to swear or not, but we're like, holy shit, this is amazing. And then it got to a point where we're like, look, rather than us driving around London, dropping dumbbells off to people's houses, let's get a courier relationship up.

6:17So it then got to a position where orders would come in, we'd print out the labels, stick them on the box, they'd come pick it up, and it would just go, and we just wouldn't really see it again. And I think what always blows my mind about like, you know, UK European logistics is we were selling from London that you could basically get it picked up by Parcel Force or DPD or whoever, and it would get delivered to like the north of Scotland within 12 hours. I was like, even if I wanted to go to the north of Scotland on my own, I probably wouldn't be able to get there that quickly. so it just like there's just this penny drop moment which was like oh god like you can be sat at home and you don't need to be lifting boxes and shifting boxes and driving and and and and that's when I think we were just like okay cool there's something there's something here

7:03Alex Chisnall:and that's a mindset shifts as much as anything right as well and and I love the fact that um your dad was getting you to think big yeah yeah bigger than you were thinking at the time right it? 100 % because like I said, for me, it was like, yeah, and this is like one of my bits of kind of advice is like, I think when people think about entrepreneurship and starting a new business and all this fun stuff, people always think, oh, I need a billion dollar idea. I need to create a new category and need to be a new industry. But I think for us, it was a case of can we earn an extra 500 quid that helps us save a bit more money or covers a couple of dinners a week or whatever.

7:40and I think actually by like starting small and incrementally increasing the order size, increasing the investment, it's now grown into something much bigger. But yeah, one of my regrets is not my dad's advice, which was just like, had we piled in, you know, we might be sat on a beach in the Caribbean or something right now, but here we are.

7:57Alex Chisnall:But I like that as well, because there's a lower barrier to entry, right? With the fact, like you say, if you, I'm not teaching people to I think smaller, but if it's easier to go and buy 25 sets, 100 sets to make another thousand pounds each month that gives you a better lifestyle or enables you to save for whatever it might be. But that's a far lower barrier to entry than going, like you say, I need to think of a brand new thing that I can become a billionaire at, right? that is such a high barrier to anyone taking that first step to action, that idea. It will stay in your head. A hundred percent.

8:39And I think even now, there's a lot of products that are like supplements, electrolytes, all the rage. I need to do a... But I think what I've found, especially in the last five or six years, but especially in the last year since I left the banking world and jumped in full time, I've met a lot of people in the e-commerce space selling a lot of random things making a lot of money I mean I met a guy I was speaking to a guy who sells supplements for chickens in the US only there's 12 million dollars a year at like a 30 40 margin and they're a three-person team like not in my wildest dreams where I think about that as a product set and that's so random so

9:19Alex Chisnall:random as random as you can get supplements and chickens in America that he's making three to million a year on pure play profit and for me it's just a case of like the money's made in the niches and also the market is bigger and broader than i think any of us can think of so yeah i think we can sometimes get like a bit of paralysis by being like okay i need this awesome idea and i need to raise capital and and and and and but actually just start and what might be 200 quid a month becomes 500 becomes a thousand becomes becomes and it just it's a seed that grows um and yeah I think that's kind of my biggest takeaway from the whole story and the whole experience so far.

9:59Wow.

9:59Alex Chisnall:Supplements for chickens. That's still, that's never going to leave me. That's never going to leave me. And that's, you know, often the way of trying to think of something that you can improve upon or something that you can offer in a different way to a different market, right? So people looking for those ideas, you just have to travel, right? To come up with the, or you know the obvious these days is you you just ask church ebt or claude but there's something to be said for going and seeing something um we were talking about this last night actually um you know um it's meant to be one of my interviews on on this trip um vivian wong from the uh the frozen balls of ice cream forgot my little moons exactly something like that that was taken from another country brought over here and now is a hundred million pound business from it and you're Like, hang on a minute, 100 million pound business.

10:50Alex Chisnall:This thing's been around forever. And like bubble tea is another one bringing to the UK, right? And her story, I just listened to a podcast that she'd done. And her story is so interesting. Because like I said, mochis, they're well known in Japan, etc. But they use like bean custard or bean something or other. She replaced it with ice cream. And it's just been obviously an awesome hit. And yeah, not too dissimilar to us. Like COVID for her was like the big explosion. Are you running a business that pays suppliers abroad, receives international payments, or operates across borders? World First helps founders manage global payments and FX more efficiently with access to competitive exchange rates and tools designed specifically for growing businesses.

11:33Alex Chisnall:You mentioned banking. You mentioned going full-time with BrainGain, right? So how long were you in banking? How long did you do this job in the evenings, at the weekends, in your holidays? What does that kind of look like now? And for your co-founder as well, there's two of you, right? Yeah, exactly. So yeah, when we first started, so I was in banking, he was in consulting. I was saying, Alex, I've never really got into the details about because I've purposely been quite vague and opaque just to avoid the crossover. But I think, yeah, now it's been a year, I think it's okay to do a full exclusive reveal all just for the pod.

12:19But yes, I think when we first started, because it was always just like an opportunistic COVID side hustle. So both of us were doing our kind of corporate jobs, banking for me, kind of consulting for him. And to be honest with you, like during COVID specifically, it would just be a case of, okay, we get all of our orders. And then in the evening, once we'd finished the day job, we'd literally just hire a van, drive around London, agree the route. For me, it was kind of Battersea, Oval, Clapham. And then I'd kind of go all the way sometimes down to like Croydon and I'd go like all across London.

12:55And I think kind of as it was then starting, you know, we moved online. And then about two years ago, we then started selling in Europe as well. and I think for me my total banking was about 13 years but the overlap here was probably about four and a half between doing kind of both of them and I think probably like my biggest regret is like not jumping sooner and I think there's a few things one is trying to do two intense things at the same time not not easy both in terms of like time so like the actual like working hard and waking up at five o 'clock and then not finishing till 10. Believe it or not, it was actually okay.

13:38Because I actually enjoyed both. But I think there was a few things that I was finding, which was A, operating in the shadows and hiding. I couldn't really be my, I don't know, this sounds like really cringe, but I couldn't be my true authentic self in the banking world, which I enjoyed, or in the entrepreneurial world as well. And then I think the second thing is like opportunity cost is like by not being fully focused on the kind of the brand and the company and the opportunity, I just wasn't getting to stuff quick enough. And for me, a lot of what we do, and again, I may be sometimes a bit self-deprecating, but it's like a lot of what we do isn't complicated.

14:17It's just a game of speed and execution. And for me, it was like very simple things like review my 3PL invoice. It would go like six months until I've reviewed it. And then I'd open it up and be like, oh my God, we've just overpaid by like 50 grand. And I think the third thing I would say is like, I always thought it was just like putting myself under pressure, but not realizing the impact I was having on people around me. So often by trying to juggle both, I was like rescheduling meetings with my team. I was, you know, kind of always in a rush. I was like, okay, cool. And this is cool, guys. We've got to get it done in exactly 30 minutes.

14:54If it got to 31 minutes, I was like, guys, I've got to drop. So I think for me, it was, I probably took the decision much later and slower than I probably should have done. But I think there's always apprehension between you've got your monthly salary, you've got your health insurance, you've got the safety, the security, you've got your annual leave, blah, blah. but I think what I would say is like the best decision I ever took was to jump not because of any animosity towards the previous world but I think for me it's just like giving this a good go and I think the amount of like you know kind of opportunity there is out there in the world but you've just got to kind of get shit done is basically the way that I see the world and yeah my regret is just not doing it not doing it a little bit sooner.

15:40Alex Chisnall:And why do you think you did it when you did it then you made the decision was it did you literally like you know piece of paper pen wrote out the numbers or was it a case of more psychological than that yeah great question because I think the I think probably the real um kind of decision point that really impacted was I think it was May 2025 we went to China to see our suppliers and we'd been we'd had a remote relationship with them everything done on like whatsapp wechat calls alibut whatever and then that year we went to china to see the suppliers and we got to a position where um and it sounds really weird to say because like when for us we're dealing with like big heavy products on pallets in warehouses it takes up a lot of space there's a lot of like money involved in stock and selling and and and but i think when we went to china we met the suppliers there was like these these these factories are monumentally huge and when we were with these factories and they were like obviously a treating you like royalty hospitality dinner drinks whatever but actually when you see how big in the scale of these factories are and they tell you hey look you know you're 30 40 percent of our business there was a bit of a penny drop moment which was like holy shit like this is not just you know like a little side hustle anymore it's grown into like a proper business with a lot of people and a lot of volume and a lot of kind of complexity.

17:10And I think I came back from that trip. And I was just like the week afterwards, I was then back in the day job. And I was sat in, again, part of my friend, like, you know, these bullshit corporate meetings of training and like my phone's ringing and I've got all this stuff. And I was like, you know what, this like, this isn't it. This isn't it anymore. And then yeah, within a week later, handed in my notice. And in that week, my wife had basically done a similar journey of leaving the corporate world to join the entrepreneurship world. And she was like, look, Karim, with all your respect, I know you're like emotionally invested and you're worried what people are going to think about you and, and, and, and, and.

17:45And she basically said, look, with all due respect, you're kind of a number and you're a cog in a bigger machine. From a personal perspective, people will probably be sad to see you go because you're a nice guy and, and, and, and, and. But at the end of the day, like things move on. And when I handed in my notice, they were literally just like, okay, cool. No worries. Good luck. I was like, for the love of us, 13 years of my life has just gone. But it was slightly nicer than that. And it was a bit more emotional. But do you know what I mean? Caught up with people and the machine, the corporate machine just keeps on rolling.

18:17Alex Chisnall:You were rehired. Kareem 2.0 was rehired back into the business. Yeah, exactly. One of the best parts of hosting Screw It, Just Do It is getting to sit down with incredible founders. And once a year, instead of interviewing them one at a time, I bring hundreds of them together. This November, I'm going to be hosting the Festival of Entrepreneurs at the NEC in Birmingham. You're going to be able to hear from founders including Richard Harpin, Ray Kelvin, Juliet Barrett, Piers Linney, and over 200 speakers across two days. So if you're looking for ideas, inspiration, and genuine business connections, I'd love to see you there.

18:55Alex Chisnall:just go to festival of entrepreneurs.co.uk to register for your free yes free ticket when you made the decision that it was going to be adjustable dumbbells um you look straight to china i'm guessing did you or did you you did okay you did um and how long was it just an online relationship remind me the timeline before you actually went there physically and you said you saw the physical scale of the impact that you were literally making on that factory right yeah so it was it was probably about four years um that it was just pure play online kind of relationships and i think again like a bit of having now gone twice and planning to go again kind of in the not too distant future i think just the amount that you can achieve by seeing people and meeting people face to face i think that's a general principle but i think especially when you're dealing with suppliers in the Far East, like relationship is everything.

19:54I remember like the first night we had, you know, a long agenda of all these contracts that we're trying to negotiate and, and, and. And on the first night, you know, I turned up to dinner and I was like, okay, cool. We're ready to talk business. And they were just like, Kareem, look, today we eat, we, you know, I don't personally drink, but like they whipped out this bottle of like, it's called Mu Tai. I don't know if you've ever heard about this, but it literally looks like paint stripper. And they put it on the table and they were like, would you like some? I was like, no, no, I'm okay.

20:21Alex Chisnall:And you offended them instantly. Yeah, exactly. And then I like looked it up online after I was like, what the hell is this? Like each bottle is like between 500 and$1 ,000. I was like, what on? I feel so rude that I've like turned them down. I mean, it was all fine. But yeah, what I would say is like, especially their relationships are so, so important. And what it's meant is like, so for us as a business, we're kind of distributors for their products. And it's just like opened up new opportunities, new geographies. And I think by seeing them, and again, like part of our own story of like why we're in Europe, there was a specific type of product we wanted to sell in the UK.

21:01We were inquiring about it. And they said, no, no, someone else has got exclusivity. But if you want, you can have France and Germany. And obviously, it's like naive 28 year olds or whatever at the time, we're like, how difficult can it be? and we're just like, let's do it. And yeah, look, again, it's just like, and it sounds a bit weird to say and a bit cliche, but it's like, you've kind of got to be like in the game to be able to win, if that makes sense. So had we not sold volume of this, it wouldn't have then created this opportunity. And I think that's what I'm kind of, and again, I hate, it sounds very cliche, but like the game of business and all this stuff is, there's different levels and different opportunities and different kind of people to kind of speak to and find.

21:42And I think it just goes back to my, when you're in your corporate job and you're getting your, I don't know, three, four, five, seven, whatever thousand pound a month salary. Actually, there are opportunities out there that can generate multiple values of that.

21:57Alex Chisnall:And multiple streams. And multiple streams and, and, and, and, and. So 100%, if you're dealing with suppliers, get out there and see them. Because I'd say our most recent one was payment term. So we've been trying to renegotiate payment terms, again, on WhatsApp, not really making progress. But actually, over the course of half an hour, pen and paper explained why it's important to us. And basically, that it would help us grow our volumes by 50%. Obviously, the supplier sees the dollar signs and then gets approved pretty quickly. So 100 % meet people face to face, go and visit them, go and see them, understand what's important to them.

22:36and you'll 100 % benefit from it as well.

22:39Alex Chisnall:It's a really good point that you made. And I think we all know it, but I don't think it's probably mentioned enough. And the reason I started recording this podcast again in person was, again, I missed the physical connection of meeting somebody and the energy, the energy that you get from someone. You're a real high vibe, high energy person. And I met you last night and I felt that straight away. and so I knew it was going to be a good conversation that we're going to have right yeah yes I've had great conversations online with people but it's just not the same and again what's come from and I used to record it in person and then you know COVID went online brought it back in person then um you know with the event last year I was like I literally don't have the time to come record in person let's bring it back online but something's missing and And, you know, it's not just the connecting with person, but it's something you also said there.

23:34Alex Chisnall:It's the once you you understand somebody and you understand their business. It's just probably the way my mind works, but I think how can I help that person? And I'm already thinking you need to speak to X, Y and Z. And people have done the same with me. And then next thing you know, you've expanded your network and other opportunities present themselves. and if you hadn't done that in-person meeting you just miss so much more in translation right and especially I'm sure if it's another country it's another language it's another culture so much gets missed and I think if you can take that meeting in person take it if you can you can yeah if you recognize the opportunity cost of not doing that in person right yeah and I think you know and again I've been going on my own journey with this as well, which was like, you know, what am I going to achieve by flying all the way out there and the flights are, I don't know, 800 quid and so, but honestly, it's like the in-person with anyone, right?

24:34It's so much more valuable than just on the phone or on WhatsApp or whatever it may be.

24:39Alex Chisnall:What do you think life would be like if you hadn't started this business in COVID? To be honest with you, man, I think I'd be, I think I'd be in exactly the same place, you know, like I'd been in a position where, look, like I always enjoyed my job. I like the people I worked with. I got paid well for it. I was, you know, kind of comfortable, et cetera. So I think like whilst I always had the desire to do something, I think, and again, this is my own thing is like, I'm maybe not necessarily the most creative by my nature. Give me a problem, give me a situation and like process driven, bang, bang, bang, bang, bang.

Read the full transcript

25:11And I'm absolutely flying about, put me on the spot today and say, come up with a new business would really struggle. So to be honest, I'd still probably be doing exactly the same thing.

25:21Alex Chisnall:And I guess I've just thought of this again and maybe the conversation we were having last night that I won't go into. But basically, what I was going to say is you've created a business, correct me if I'm wrong, but ultimately this business could run anywhere. Correct? Because you source the products in China and you distribute the products from, we're chatting to a mutual friend of ours, Udi last night, right? Yep, yep. Pig and two other businesses that they have and distribute from Rotterdam and Holland. Yeah, yeah, yeah. So you've got a number of those. Cardiff was another one, right? Yep, exactly.

25:55Not too far from where you are. Yeah, yeah. Exactly. And I think, so for us, we're using kind of 3PLs, one in Cardiff, one in the Netherlands, one in Poland. And I think if we do go ahead with the US plant launch, which we're thinking about now, again, yeah, there's a bunch of kind of 3PLs warehouses across the US that we'd use as well. Are they in the US as well? Yeah, yeah, yeah, everywhere. Yeah, yeah. So the benefit of them is obviously like shipments come, containers arrive, they unload it. When orders come in, they pick, they pack them, they send it all out. So I think for us as well, we're a global team in the context of, you know, me and my co-founder in the UK.

26:37We've got a couple of other staff in the UK scattered around. They're all remote workers. We've got a couple of guys in Pakistan, a couple of guys in Egypt who do a lot of our supply chain stuff. and we work with a couple of like agency but kind of smaller agency slash freelancer kind of model um and the guy who helps us on amazon a couple of weeks ago he was like cream by the way i'm moving to china and i was like what the fuck are you gonna do to china like he was like look i just want to like change the scenery give it a go and to his credit seamless no impact whether it's so i think for me it's like whether he's in scotland or china as long as he's on my weekly call at 11 no clock he's the guy that canceled on me today to be fair but um but yeah so um I think that's like the benefit and the beauty of like the econ model and I sometimes say it facetiously I'm like I haven't seen a Dumbo in like six months people are like what do you mean I was like yeah it's just like between suppliers and warehouses and orders so I think the benefit of that is it does make you more geographically mobile so for me personally my wife and I always have this debate where she's like, she's got to break some water.

27:44And for her, she's like, when I'm on holiday, I'm on holiday. Whereas for me, I'm like, okay, cool. If I could just keep things ticking along two to three hours a day just so that everything is moving, that just puts my mind way more at ease than completely switching off. But it's horses for courses and each person.

28:01Alex Chisnall:I always remember a lovely lady called Joy who was a client when I was a PT, actually. and her and her husband's business um was used cars right but um they had a second home in in austria so they would work work the mornings um you know just check inventory and sales and all the rest of it and um in the afternoon they'd go skiing i just always literally have that what a setup yeah yeah for staff and me because i'm a huge snowboarder i'm like that is the dream right That's the ambition. Alex, if you want me to come to Austria to do a podcast, I'm sure I'd have no issues. Could be China the next time, right?

28:44Alex Chisnall:But China's not the first place, like when you said with this guy, the first place that you would think to jump out at you to live, right? But then maybe it is for somebody else. Clearly it is for somebody else. And it's, I mean, you've obviously been there. I've been there a lot. I used to, at one point in time when I worked for Virgin Atlantic, all we did was Shanghai's for a year. And we used to get five nights there. I used to love it absolutely amazing place um but to my detriment in that I had all these plans to visit Beijing and the Great Wall and didn't do anything except go to Shanghai and have an amazing time you know but in hindsight I wish I'd expanded a little bit more but maybe that opportunity is coming again right exactly maybe it's coming again um so tell me oh two things actually probably interlinked so one how easy was was it France and Germany and two um talk us through the decision on looking to grow the business in America and and what you need to kind of balance up for people listening who might be thinking of you know where do I start where do I expand so yeah a few questions in there but I'll let you I'll let you untangle them in your own way no no that's that's all good so I think um and yeah within that a few different aspects so I I think when we first started, and for those that kind of sell on Amazon will kind of recognize this.

30:04So Amazon as a channel is awesome in terms of customer trust, scaling, expansion. And probably in 2023, you could basically just like click a couple of buttons and all your listings from the UK would be live in Italy, France, Spain, Germany, etc. So we were slightly naive. We're just like, yep, sounds good. We're like, see the sales coming in, you know, dollar signs in our eyes, really happy. So we clicked all the buttons, sales start coming in. And what we were doing was basically like sending dumbbells from the UK to Italy, for example. And what would happen, it would be like 50 quid to go. Customers would then get an invoice that says like customs.

30:45And they'll be like, fuck that. I don't want to pay an extra 50 quid or 60 quid. Decline it, send it back. And for what was costing us 50 quid to go, for some reason, it was costing like 250 quid to come back. Oh, my God. And we were still fulfilling from our parents' garages. These battered boxes would come back from Italy, all parts of Italy. And we were just like, this isn't viable. So we just paused, stopped. And we're like, if we're going to do it, let's do it properly. Stock on the ground in Europe, no customs, da, da, da, da. So we then place our first order container with the intention of it going to Germany.

31:22Container gets through, gets processed okay, without any issues. Two weeks later, the next container arrives. And we're actually on holiday, my wife and I, in Japan. So it's typical for 10 hours. I then get a call from our customs freight agent saying, Kareem, there's a bit of a problem. Feedback is how you're registered in Germany is incorrect. And I was like, what do you mean? and then I was like, well, okay, well, what's our option? And they were like, I don't know. So we then end up starting making some calls. 50 % of people like how you're set up is 100 % correct. The other 50 % like how you're set up is 100 % incorrect.

31:57I was like, for the love of God. So I'm like 10 hours ahead and like, bless my patient wife, it's just like cream like, this is like a once in a lifetime opportunity. And you're like on the phone trying to find a solution. But what was annoying was like, the end solution was take the truck from Germany, which I don't know if you know much about shipping but like if you normally have like five days free to move it but if it takes longer than five days you start getting charged like 100 euros a day and what they call like demeridge so what we ended up having to do is like truck it from Germany to Netherlands customs clear it there and then truck it back to Germany to fulfill it and that whole thing cost us like 12 grand so I think when we first started we were like Europe is basically one big country how difficult can it be and let's just advertise in English because we've got an awesome product slightly biased but we've got an awesome product and it will just sell but what we found was like you know like our CPAs ROAS all the marketing metrics were looking awful and when we started we were like let's try sell everywhere in Europe low-hanging fruit let's just target people in the market for adjustable dumbbells and they'll buy disaster didn't work so we were like in order to make Europe work, you've got to go super, super deep on like localization.

33:14So website, local language, email marketing, local language, influencers, affiliates, meta ads, Google ads. So now we're like really investing heavily in like German PR. So it's like, okay, cool. We've been seen in desk build and we've been seen in this, that and the other. So I think when we first started, we were going like super broad. Whereas now it's okay, cool. We've like gone super deep on Germany and France and now Spain and Italy. But I think with every country, there's like nuances. So like the Scandinavians, their VAT rate is like 25%. In Germany, it's 19%. So it's just like kind of trying to understand exactly like each market in isolation.

33:58Alex Chisnall:And you're trying to go super fast, right? And you're trying to go super quick. So like AI has 100 % made it easier. But there'll be things like we sell Olympic plates, you know like the bumper plates but ai translated it as like olympic plates on a table instead of olympic plates or something different so i think so like ai is not always 100 correct right it's 100 get a human to check so i think for us it's been like we've made it work but i think we're always facing friction with okay cool meta ads we need someone like we don't have any german video editors for whatever reason. So for me, like one of my slight regrets is like, we went into Europe, and we've made it work, which is thumbs up great.

34:42But actually, the US is just like English language. I mean, we're talking about like the podcast viewers, right? It was like, English language, focus on English language first. And I think for us, our best selling product in the UK, we sell 500 a month. Our US competitor who's 30 % more expensive is selling 5000 a month. So for us, it's a bit of a no-brainer. So yeah, we're just working through some of the numbers and the economics to see if it does make sense or not. But yeah, that's the next frontier that we're planning on attacking in 2027.

35:13Alex Chisnall:So it's looking high on the priority list that you're going to do that at this time of recording. Yeah, I think so. Yeah, yeah, I think so. It's just, you know, when you see opportunity, you're like... Yeah, yeah. And again, something we mentioned before, but the opportunity cost of not acting on that in the next six to 12 months, for example. How many products do you have now? You started with one, right? Fast forward six years. I started with one. I mean, it's interesting because, yeah, we've gone on a bit of a journey where probably about two years ago, we increased the product portfolio quite significantly from just like dumbbells to dumbbells plus benches plus kettlebells plus stands to then basically being like, what else could someone want to buy if it's big and heavy in their home gym?

35:59So we started then selling reformer Pilates machines and under desk treadmills and all this other stuff. So bigger units. So bigger units. But what we found was actually by trying to like market all of these different things. And at the time we're on like every channel under the sun. We're on eBay, we're on OnBuy, we're on Groupon, we're on Woucher. And for us, it was just a case of like our focus is too spread. So what we decided to do is like cut the channels. So we're only on Shopify and Amazon and then cut the SKUs. So now we're basically just dumbbells, benches, kettlebells, stands. So all this other stuff like, you know, Reforma Pilates machines, huge opportunity, great margins.

36:39But what we found was like, you know, when we were in China last year, I spent like 15 minutes on the factory floor trying to figure out how to put this thing together. And it's like our customer service guys are in Pakistan. They don't know what Reforma Pilates is. They've never seen a machine like how on earth are they meant to be giving good customer service? So we're like, keep the business simple. And I think what I heard, I heard this the other day, which I thought was quite good, which was like, if you want to grow your business, you've got three options. Either grow products, so diversify products, diversify channels, or diversify geography.

37:13So I'm in the diversify geography as like priority number one. And then once you've exhausted geography, then start thinking about product or channel.

37:22Alex Chisnall:Yeah, say that again. That's really good. That's really good. so you've got three ways to grow your business. This is business lesson 101, everybody, right? Go. Sorry, it's like 55 minutes in before we should have led this. But I think it's either diversify your product range, so basically add more SKUs, diversify channels. So rather than just Shopify and Amazon, I don't know, if you're in America, look at Walmart. If you're in the UK, look at TikTok shop or diversify geographies. And I think for us, it's a case of we've got a playbook that works in the UK. we've tested it in Germany, France, Spain, Italy and then just roll exactly the same playbook with tweaks, exactly the same playbook in the US and we should hopefully double the business kind of within 12, 18 months just by doing so.

38:07Alex Chisnall:I love that, that's the plan, yeah. What's the, I mean everybody at some point in time as an entrepreneur, as a business owner lies awake at night worrying about something. What's been the thing that's kind of challenged you and your co-founder the most, would you say? Yeah, good question. So I'd say it's definitely like ebbed and flowed over the years. But I'd say at the moment, the two big things are, again, it's not sexy, but it's like FX rates and container prices. So for us, because we sell in euros and sterling, but pay for our stock in dollars. So at the moment, it's like if sterling, so sterling dollar at the moment is like 134, it's okay.

38:49When it goes to 137, I'm like, absolutely fantastic. When it goes to 131, I'm like, oh, shit, we've got a problem. So one of the things we're trying to do to mitigate that is, look, some FX hedging at the moment. And then, yeah, container prices are the other ones. So they're the two at the moment that are kind of front and center of my mind.

39:08Alex Chisnall:And coming towards the end of conversation, knowing what you now know, what should founders know before selling internationally, do you think? Yeah, so I'd say like the biggest, most important thing we've done in like the last six years is what I call like unit economics. So understand for each of your products on each of your channels, in each of your markets, how much profit is each product and actual sale making, which sounds so simple and so obvious. But I think for us, we've done like a bit of a half-assed job of that. And when you're seeing the sales line grow, you're like, oh my God, this is it.

39:50This is brilliant. This is fantastic. But then what we found was like, there was certain products in our portfolio we were selling that every time we were selling, we're actually losing money. And we were pumping way more money behind it. So we went from like selling 10 a month to 100 a month. When you're then selling 100 a month of a product, you're losing 100 euros on. That's minus 10. It's painful. So what we did was like break down every single product and each line item. So like gross sales number, the VAT, the fulfillment line, the marketing line, the payment processing fees, the refund rate, the discount rate, etc.

40:26And what has basically been the focus for us over the last year is each one of those pieces of the pie, how can we optimize? So when you're selling internationally, just as a very minor example, when you're on PayPal, for example, they basically, when you're receiving euros, they force you to convert it into sterling at an exchange rate that's like 4 % worse than the market rate. So on every euro we were selling, we were losing 4%. And in Europe, we're doing at the time like, you know, two to 300 ,000 euros. So for us, we were losing 12 grand a month just on bullshit payment processing fees from PayPal.

41:06Same thing with Amazon. They'd basically charge you 2 % on any euro that you would receive because they'd convert it into sterling. Solution with like World First, we set up a local EU IBAN account and that 2 % has gone straight away. so wherever there's like foreign currency involved if it's automatically happening someone's absolutely killing you on payment processing fees um quick fire round to finish

41:35Alex Chisnall:okay um and again first thing that comes into your head what is an entrepreneur someone that gets shit done what a great answer what is a scale-up business okay no i don't know you've What do you call it? You've proved product market fit. I like it. Again, don't know how much you're into your music, but if you could pick one song that reflects the journey that you've been on, what would it be and why? I'd say Living on a Prayer Bon Jovi, but specifically the I'm Halfway There. It always feels like we're halfway there. I love that. And again, something that you can come back to, but having been on the show and talked about your Screw It, Just Do It story, is there anybody you know that you think has also got a great Scrooge Stuart's story speak to the chicken supplement guy we want the chicken supplement guy find us the chicken supplement guy there is one guy I've got in mind I don't know if he does do podcasts and stuff but he's he's got a brand called Y1 Sports and he was like an OG entrepreneur from when we were at Exeter University together and I've always looked up to him and we've recently reconnected and we've actually found a lot in common.

42:49So I don't know if he does do this kind of stuff, but he's a really interesting guy. Let's get him to do it. Let's do it. Amazing. Kareem Razzlan from Brain Game, thank you very much indeed. No, likewise. Thanks, Alex. It was a real pleasure.

43:02Alex Chisnall:Thanks for listening. And if today's episode has inspired you to take action, why not take the next step? Come and meet me at the Festival of Entrepreneurs this November at the NEC in Birmingham. You'll be able to meet many of the founders you've heard on this podcast along with hundreds of ambitious entrepreneurs from across the UK. I'd love to see you there, so just go to festivalofentrepreneurs.co.uk to register for your free, yes, free ticket.

From the publisher

Kareem Raslan went from working in banking to building a global e-commerce business serving over 100,000 customers across 30 countries. In this episode, Kareem shares how he and his co-founder started by selling just 25 pairs of adjustable dumbbells from his parents’ garage during COVID, scaled through Shopify and Amazon, and eventually expanded across Europe. He explains why taking action matters more than finding the perfect business idea, the lessons he learned from expanding internationally, building supplier relationships in China, and the importance of understanding unit economics. Kareem also reveals why he regrets not leaving banking sooner and shares practical lessons for founders looking to scale globally.

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