Born in Colombia, raised in Mexico, and college-educated in the United States, Mike Abadi comes from 4 generations of textile industry experts.
Abadi began his career as a New York investment banker, before realizing his passion was in entrepreneurship.
Various ventures led to his first major success as co-founder of tailored suits brand Arden Reed (now Hive & Colony), before launching D2C bedding brand Sunday Citizen alongside his wife of 6 years, with whom he has 3 children.
Since its creation in 2019, Sunday Citizen has grown rapidly to serve several home categories, with multiple collections and 3,000+ 5-star reviews; in 2021, company sales grew by 400%. Abadi speaks English, Spanish, and basic Chinese.
4 years spent living in China and 10+ years working with Chinese providers has earned him an in-depth understanding of factory processes and product sourcing.
In This Conversation We Discuss:
- [00:00] Intro
- [01:11] From investment banking to entrepreneurship
- [02:20] Mike’s experience in his first ventures
- [05:22] Why did Mike not give up?
- [07:27] The value in unsuccessful ventures
- [08:13] Where the idea of Sunday Citizen came from
- [12:24] Sunday Citizen’s go-to-market strategy
- [15:23] Expectations for marketing ad spend
- [17:11] Sponsor: Electric Eye electriceye.io
- [17:32] Sponsor: Mesa apps.shopify.com/mesa
- [18:15] Sponsor: Gorgias gorgias.grsm.io/honest
- [19:42] Sponsor: Rewind rewind.com/honestecommerce
- [20:12] Sponsor: Klaviyo klaviyo.com/honest
- [21:00] The relationship dynamics between C-Suite spouses
- [22:48] How Mike got lucky to leave China before the pandemic
- [23:27] Sunday Citizen expanding their product line up
- [25:10] Sunday Citizen products are more than just decorative
- [26:08] 2 problems that Sunday Citizen faced
- [27:10] iOS 14.5 leveled the playing field
- [28:01] Building a “true brand” through connections
- [29:05] Where to find Sunday Citizen
Resources:
- Subscribe to Honest Ecommerce on Youtube
- Developing the world's softest home products sundaycitizen.co
- Connect with Mike linkedin.com/in/mikeabadi
- Scale your business with electriceye.io
- Download Mesa at the Shopify App Store apps.shopify.com/mesa
- Level up your customer support gorgias.grsm.io/honest
- Respond to any of Rewind’s welcome emails and mention HONEST ECOMMERCE to get 1 month free rewind.io/honest
- Get started with a free account at klaviyo.com/honest
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Transcript
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