My conclusions are based on
the following:
Sampling focus
Innovation and Competition
Pinterest integration
Social media activity
Sampling Focus
Male and
female interest in trying lifestyle products before they purchase them pairs
perfectly with the mission of Birchbox, providing high end beauty and hair care
samples to subscribers. Sampling has been an integral part in the success of
brands like Aveda, Bumble and bumble and Sephora. Some big beauty families have not
yet overtaken Birchbox sampling, so it is also an opportunity for young, small
or up-and-coming brands to get in the game. For example, currently only two
Estee Lauder family brands, Origins and Smashbox, are partnered with Birchbox. So
the opportunity to be on the cutting edge of this service is still available
for both big and small.
Innovation and Competiton
Brand space is filling up
in the Birchbox lineup. Particularly for natural and organic beauty, there are
several brands already using Birchbox, most notably Kiehl’s which is not only partnered with
Birchbox but was recently featured in a promotion on the Birchbox Facebook page. Partnership
with Birchbox could not only give beauty brands klout within the digital space,
but stay in step with key competitors.
Pinterest Integration
Pinterest offers a huge area of
opportunity to connect with KIOs, new customers and express brand loyalty.
Birchbox has a solid 23,433 (and counting) base of followers. They have boards
specific to the hair and beauty category where they feature partner’s
products. Birchbox may offer an alternative avenue for brands who are not
yet on the Pinterest bandwagon to participate in the Pinterest beauty movement.
Social Media Activity
Birchbox has an incredible
engagement rate on its social media properties. To take an example, over the
past month highly successful beauty brand (and one of my personal favorites),
Aveda, has had a 1.3% engagement rate vs. 6.2% for Birchbox on Facebook. To put
this in context, if 5% more Aveda fans were talking about Aveda on Facebook
that would equate to roughly 25,063 more people chatting about their brand,
leading to countless impressions and word-of-mouth worth. Birchbox fans social
activity also translates to Instagram where they have 1.8x more followers than
Aveda and an astounding 383,106 more Twitter followers than Aveda.
It is always a good time
for samples, but Birchbox has the opportunity to be a key ally to lifestyle
brands when launching new products or invigorating old ones. All in all
Birchbox is pioneering in the beauty space for both male and female
demographics, and brands should take notice if they want to stay on the cutting
edge.
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