From 1 Store to 100+ in 5 Years - How PayMore Did It
Release Date: 11/20/2025
Bringing Business to Retail
What makes someone pay more for the same product? That question sits at the heart of this episode. In this wide-ranging conversation, Salena and Matt dive into what separates a premium brand from a commodity business, why experience matters just as much as the product, and how smart retailers use positioning to make price feel justified. They also explore something most people avoid talking about: the emotional baggage around money. Especially for founders who grew up believing rich people were greedy, charging more can feel uncomfortable, even when the business and the customer experience...
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Most business owners do not fail because they are bad at business. They fail because no one taught them how money actually works inside a growing retail or ecommerce brand. In this episode, Salena unpacks the real financial blind spots that hold founders back, including inventory sitting on shelves as trapped cash, contribution margin mistakes, hidden fulfillment costs, and the dangers of building your business around your own money bias instead of your customer’s values. This is an honest conversation about cash flow, financial clarity, and the difference between looking profitable and...
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When something goes wrong in your business, it’s easy to assume the problem sits with your team. But most of the time, it doesn’t. In this episode, Salena Knight explains why team members often miss the mark and why the root cause usually comes down to one thing - unclear leadership. Retail and ecommerce founders frequently hand over responsibilities without defining what success actually looks like. Without clear targets, benchmarks, or reporting structures, team members are forced to guess. And those guesses rarely match what the founder had in mind. Through real examples from retail...
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You plan a promotion. You send the emails. You post on social media. And the sales do not come in the way you expected. So you assume the offer was not strong enough. You increase the discount. You add free shipping. You stack more value. But what if the offer was never the problem? In this episode, I break down why most promotions underperform and what to fix before you touch your pricing again. The mistake I see retailers make over and over is starting in the middle. They start with the offer instead of the outcome. When you begin with the discount, you are guessing. When you begin with the...
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Four different retail businesses. Four completely different niches. One identical complaint. “I feel like it’s not working.” In this episode, we unpack why so many retail and ecommerce founders misdiagnose marketing problems and how that mistake quietly erodes profit. When sales dip, most retailers assume: Customers are not spending The offer was wrong The discount was not strong enough The marketing agency dropped the ball But feelings are not facts. This episode walks you through why emotional decision-making is one of the most expensive habits in retail and how to shift to...
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What does hunting for Airbnb properties have to do with buying inventory? More than you think. In this episode, I break down how searching for rental properties to grow my Airbnb portfolio completely reframed how retailers should approach inventory buying. When I inspect a property, I do not ask, Do I like it? I ask: Will it generate cash flow? What is the risk? How quickly will I see a return? What happens if demand shifts? Yet when many retailers place inventory orders, they lead with emotion. They buy because they love it. Because it feels safe. Because the sales rep convinced...
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You know that moment when you place a stock order and feel equal parts excited and anxious. You’ve done the maths. You’ve picked the colours. You’ve crossed your fingers. And then the stock arrives… and it doesn’t sell the way you hoped. In this episode, Salena breaks down why ordering stock on hope is one of the biggest reasons retailers end up with cash stuck on shelves, reactive marketing, and constant discounting. You’ll learn why selling should never be the reward for ordering, how treating selling as the starting line changes cash flow, and why most retailers aren’t...
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Emma thought she was “doing marketing.” She posted. She emailed. She showed up when she could. And then everything went quiet. When she finally ran a promotion, nobody responded. In this episode, Salena Knight breaks down why inconsistent marketing doesn’t just slow growth – it actively works against you. You’ll learn the three invisible costs of inconsistency that most retailers never factor in, why your promotions fall flat after a quiet period, and how inconsistency trains customers to forget you exist. This isn’t about posting more or working longer hours. It’s about building...
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Many store owners assume cashflow problems come from marketing or pricing. In reality, some of the biggest profit leaks are hiding inside your product strategy. In this episode, Salena unpacks three subtle but costly mistakes that drain cash even in businesses with strong sales and loyal customers. These issues compound quietly over time. You’ll learn why premium customers do not buy premium in every category, how to calculate true landed cost properly, and where opportunity cost is silently eroding your profit. This episode is a must-listen as you reorder stock and plan for growth in 2026.
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Most retail and ecommerce business owners are exhausted, busy, and still stuck. Not because they’re bad at business, but because they’re spending their time in the wrong category of work. In this episode, Salena breaks down the difference between BAU work and CEO work and introduces a clear, practical time allocation framework designed specifically for independent retailers and ecommerce founders. You’ll learn: Why being busy does not equal progress The four categories of CEO work and where your time should actually go How most business owners are unknowingly trapping themselves in...
info_outlineHow do you grow from one small electronics store to over 100 locations in just a few years—while redefining what secondhand retail looks like?
In this episode of the Bringing Business to Retail Podcast, Salena Knight sits down with Stephen Preuss, CEO & Co-Founder of PayMore, one of the fastest-scaling secondhand electronics franchises in the U.S.
Stephen shares the real story behind PayMore’s explosive growth, including:
💡 How a 20-year journey led to a “brand-new” retail category
🔌 The proprietary technology that lets PayMore price and process electronics in minutes
♻️ How the company is keeping millions of pounds of e-waste out of landfills
🏬 Why they blended brick-and-mortar retail with a powerful e-commerce engine
🚀 The decision to franchise—and how it helped them expand coast to coast
🎯 What every retailer needs to know about resale, sustainability, and the circular economy
Whether you run a physical store, sell online, or want to inject innovation into your retail business, this conversation will change the way you think about growth, customer experience, and the future of pre-loved products.
If you're curious about scaling, franchising, tech-enabled retail, or building a business that customers trust immediately, this episode is for you.