EPISODE · Oct 27, 2025 · 52 MIN
This 8-Figure Brand Has A 10.68 MER And 40% Market Penetration
from The Andrew Faris Podcast · host Andrew Faris
INTELLIGEMSIntelligems brings A/B testing to business decisions beyond copy and design. Test your pricing, shipping charges, free shipping thresholds, offers, SaaS tools, and more by clicking here: https://bit.ly/42DcmFl. Get 20% off the first 3 months with code FARIS20.RICHPANELCut your support costs by 30% and reduce tickets by 30%—guaranteed—with Richpanel's AI-first Customer Service Platform that will reduce costs, improve agent productivity & delight customers at http://www.richpanel.com/partners/ajf?utm_source=spotify.//Kareem Elgendy is the CEO of Veiled, a multiple 8-figure apparel brand running at 15% EBITDA selling modest clothing primarily for Muslim women. If you're interested in working with Kareem's incubator and/or 3PL, visit https://ynkincubator.com.//Most eCommerce brands plateau at $1-3M because they chase growth without fixing unit economics. Kareem L. Gendi, CEO of Veiled, did the opposite — and now runs an 8-figure brand with a 10.68 MER and 40% penetration of his target market. In this episode, you'll learn how a bootstrapped modest apparel brand cracked profitability at scale through ruthless focus on contribution margin, supply chain innovation (including 90-day payment terms from Chinese manufacturers), and strategic retail expansion.This isn't theory — it's the playbook from a founder who survived crushing inventory debt and emerged with a business throwing off real profit.If you're stuck between growth and cash flow, this conversation will rewire how you think about scaling. Kareem breaks down the exact moment they stopped relying on gut and started using data to drive merchandising decisions, how they negotiated payment terms that changed their cash position overnight, and why GEO (Generative Engine Optimization) is the next frontier for DTC brands. You'll also hear about their 3PL and incubator model for operators who want to leverage Veiled's infrastructure. This is essential listening for founders running 7-9 figure brands who are tired of burning cash to hit revenue targets that don't matter.Key Takeaways: - Market penetration strategies for niche audiences- Unit economics that actually drive profitability- Supply chain negotiation tactics- How to scale bootstrapped brands without dilution- Retail expansion done right - GEO and the future of search optimization//CHAPTER TITLES:00:01:07 - What Is Veiled?00:04:11 - Product Variability00:07:55 - Cultural Values & Marketing Strategy00:10:34 - Veiled IS A Profit Monster00:16:45 - Investing In OpEx00:20:21 - Veiled’s Top Notch Logistics Strategy00:23:33 - Looking Into The Data00:31:57 - Outsourcing Marketing Needs00:36:14 - Lowering Shipping Costs00:40:13 - Profitability Hacks00:46:50 - Wins & Losses With Supply Chain//SUBSCRIBE TO MY PODCAST FOR 2X/WEEKLY UPLOADS!//ADMISSIONGet the best media buying training on the Internet + a free coaching call with Common Thread Collective's media buyers when you sign up for ADmission here: https://www.youradmission.co/andrew-faris-podcast//FOLLOW UP WITH ANDREW X: https://x.com/andrewjfaris Email: [email protected] with Andrew: https://ajfgrowth.com
What this episode covers
INTELLIGEMSIntelligems brings A/B testing to business decisions beyond copy and design. Test your pricing, shipping charges, free shipping thresholds, offers, SaaS tools, and more by clicking here: https://bit.ly/42DcmFl. Get 20% off the first 3 months with code FARIS20.RICHPANELCut your support costs by 30% and reduce tickets by 30%—guaranteed—with Richpanel's AI-first Customer Service Platform that will reduce costs, improve agent productivity & delight customers at http://www.richpanel.com/partners/ajf?utm_source=spotify.//Kareem Elgendy is the CEO of Veiled, a multiple 8-figure apparel brand running at 15% EBITDA selling modest clothing primarily for Muslim women. If you're interested in working with Kareem's incubator and/or 3PL, visit https://ynkincubator.com.//Most eCommerce brands plateau at $1-3M because they chase growth without fixing unit economics. Kareem L. Gendi, CEO of Veiled, did the opposite — and now runs an 8-figure brand with a 10.68 MER and 40% penetration of his target market. In this episode, you'll learn how a bootstrapped modest apparel brand cracked profitability at scale through ruthless focus on contribution margin, supply chain innovation (including 90-day payment terms from Chinese manufacturers), and strategic retail expansion.This isn't theory — it's the playbook from a founder who survived crushing inventory debt and emerged with a business throwing off real profit.If you're stuck between growth and cash flow, this conversation will rewire how you think about scaling. Kareem breaks down the exact moment they stopped relying on gut and started using data to drive merchandising decisions, how they negotiated payment terms that changed their cash position overnight, and why GEO (Generative Engine Optimization) is the next frontier for DTC brands. You'll also hear about their 3PL and incubator model for operators who want to leverage Veiled's infrastructure. This is essential listening for founders running 7-9 figure brands who are tired of burning cash to hit revenue targets that don't matter.Key Takeaways: - Market penetration strategies for niche audiences- Unit economics that actually drive profitability- Supply chain negotiation tactics- How to scale bootstrapped brands without dilution- Retail expansion done right - GEO and the future of search optimization//CHAPTER TITLES:00:01:07 - What Is Veiled?00:04:11 - Product Variability00:07:55 - Cultural Values & Marketing Strategy00:10:34 - Veiled IS A Profit Monster00:16:45 - Investing In OpEx00:20:21 - Veiled’s Top Notch Logistics Strategy00:23:33 - Looking Into The Data00:31:57 - Outsourcing Marketing Needs00:36:14 - Lowering Shipping Costs00:40:13 - Profitability Hacks00:46:50 - Wins & Losses With Supply Chain//SUBSCRIBE TO MY PODCAST FOR 2X/WEEKLY UPLOADS!//ADMISSIONGet the best media buying training on the Internet + a free coaching call with Common Thread Collective's media buyers when you sign up for ADmission here: https://www.youradmission.co/andrew-faris-podcast//FOLLOW UP WITH ANDREW X: https://x.com/andrewjfaris Email: [email protected] with Andrew: https://ajfgrowth.com
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This 8-Figure Brand Has A 10.68 MER And 40% Market Penetration
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