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Josh Payne Profile
Josh Payne

@jnpayne

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Hybrid Founder. Investing @openskyvc // Building @useonward. Exit @stackcommerce. 2x Ironman. Dad of 3. Sharing how to evolve your mindset along the journey.

Nashville & LA
Joined December 2007
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@jnpayne
Josh Payne
8 months
I’m 45. After 25 years building startups, selling a company for near 9 figures, and advising dozens of founders, I’ve made just about every career mistake in the book. Here are 20 pieces of brutally honest career advice (I wish someone had told me earlier):
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@jnpayne
Josh Payne
2 months
DTC brands - let's talk margins. People worry about "stepping over dollars to pick up pennies", but they forget it's not mutually exclusive. You can bend over to pick up a $5 and grab a $1 at the same time! Found Revenue -- what is it? 1. It's a killer post-purchase upsell. 2.
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@jnpayne
Josh Payne
2 months
Yesterday, I was reminded of a powerful lesson in integrity. Taking inspiration from content is par for the course and simply a part of the game -- copying other people's words/content is a step too far. Background: A few months back - I lifted a hook and the outline of a post
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@jnpayne
Josh Payne
2 months
In June, @useonward grew 10.5% month-over-month to a $13m run-rate, profitably and completely bootstrapped. Driven by our highest new logo month ever! WHAT'S WORKING: - Made major upgrades to tech + ux + product planning processes during our latest offsite. - Took the week to
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@jnpayne
Josh Payne
3 months
Just back from @useonward's 7th offsite - here are 7 key improvements we made to make this one our most effective yet. [+ Free Notion Template] Over the last 2+ years and conducting 7 offsites, I've learned a thing or two about what works and what doesn't. Here's where we
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@jnpayne
Josh Payne
4 months
5-bullet recap from The Seed Money Pod w/ Jayla Siciliano where we covered why Seed-strapping is the hottest trend in VC right now. 👇 1. I've been preaching Seed-Strapping for well over a decade and the premise is not only that it keeps the founder in control, but that it
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@jnpayne
Josh Payne
7 months
We just wrapped an incredible offsite in Jackson Hole with the Onward team And what came out of it surprised me... ~~ These moments away from the daily grind are where real culture is built. Not just through strategy sessions or growth reviews—but through shared experiences,
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@jnpayne
Josh Payne
7 months
Steve Jobs: “Don’t be a career.”
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@jnpayne
Josh Payne
7 months
Paul Graham on why you should work on your own projects:
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@jnpayne
Josh Payne
7 months
P.S. If you enjoyed this post, you'd like my newsletter. I share hard-earned lessons from scaling a startup to 9-figures & how I'm building a new one all over again. Try it free here:
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jnpayne.beehiiv.com
Sharing hard-earned lessons from scaling a startup to 9-figures & how I'm building a new one all over again.
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@jnpayne
Josh Payne
7 months
Most brands chase revenue. The best brands optimize the right metrics. Track these 10 KPIs and watch your profit, retention, and scale transform overnight. Follow @jnpayne for deep dives on DTC, SaaS, and investing.
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@jnpayne
Josh Payne
7 months
10. % of Revenue from Returning Customers A healthy DTC brand makes 40%+ of revenue from repeat buyers. If you’re below that, focus on LTV levers: • VIP memberships • Personalized email/SMS offers • Post-purchase nurture flows
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@jnpayne
Josh Payne
7 months
Turn one-time buyers into multi-SKU customers with: • Bundles • Exclusive add-ons • Subscription perks A strong SKU mix = long-term stability.
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@jnpayne
Josh Payne
7 months
9. SKU Concentration Risk If 80%+ of your revenue comes from one product, you’re vulnerable. Great brands expand without overextending.
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@jnpayne
Josh Payne
7 months
The fix? • SEO & content marketing • Affiliate & referral programs • Retention tactics (VIP, loyalty, subscriptions) If you’re only scaling with paid ads, you’re building on shaky ground.
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@jnpayne
Josh Payne
7 months
8. Organic vs. Paid Revenue Ratio If 60%+ of your sales come from paid ads, you’re in trouble. Brands with real staying power win on organic channels.
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@jnpayne
Josh Payne
7 months
7. Refund & Return Rate A high return rate = a CAC multiplier. Fix it by: • Charging for returns (but offering free exchanges) • Clearer product descriptions & sizing charts • Post-purchase emails on how to use the product
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@jnpayne
Josh Payne
7 months
If you're below that: • Increase prices (test 10% bumps) • Reduce discounting, do Cashback instead (@ Onward) • Negotiate better supplier terms (carrier rates, 3pl, etc) Without margin, you don’t have a real business.
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@jnpayne
Josh Payne
7 months
6. Gross Margin per Order (The Scaling Checkpoint) AOV is meaningless if your margins are razor-thin. At scale, 40%+ gross margins keep you profitable.
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