- DTC Daily
- Posts
- Monday, March 18
Monday, March 18
The 5 things in DTC you need to know today
Sponsored by
Welcome to all new CEOs and Business Owners:
If you would like to promote your brand to 33,367 DTC Brands, Click Here
🚨 In today’s newsletter 🚨
Launching a Viral Hero Product: Lessons from Top DTC Brand Founders
Unlocking Global Growth: The Power of International Warehouses for DTC Brands
How D2C Brands Can Embrace Wholesale for Explosive Growth
Let’s get into it👇
MARKETING
#1 - Launching a Viral Hero Product: Lessons from Top DTC Brand Founders
The Rundown: At a recent beauty event, the founders of Lawless Beauty, Mara Beauty and Megababe revealed the stories and strategies behind their bestselling hero products that went viral and now drive their brands' growth.
Understanding Your Customer: Creating products that go viral starts with identifying and solving real, unmet customer needs. Megababe's anti-chafe stick addressed an underserved pain point for women. Mara Beauty's cleansing oil took off after being promoted by the right influencer.
Strategies for DTC Brands:
Zero in on customer problems and create truly effective, innovative solutions
Harness the power of influencer marketing to reach your target audience
Extend the success of hero products with complementary line extensions and formats
Lower the barrier to entry with mini sizes and sampling programs to attract new customers
Keep hero products top of mind with consistent promotion and messaging
Tracking Success:
Monitor key metrics like sales velocity, sell-through rates, and marketing ROI for hero SKUs
Keep a pulse on organic influencer buzz, user-generated content, and social engagement
Looking Ahead: The most successful DTC brands will be anchored by outstanding, problem-solving hero products that spread like wildfire, fueled by smart franchise-building. Maintaining momentum will require consistent storytelling and customer education.
Words of Wisdom: While achieving viral success is exciting, don't lose sight of crucial basics like top-notch product development, authentic community building, and an unwavering commitment to serving unmet customer needs. Often, a "viral" product is simply one that makes people's lives better in a meaningful way.
Master the art of crafting a social strategy. This small group and conversational training from the American Marketing Association equips you with the knowledge to create highly effective content plans and audience engagement strategies. Define your purpose and measure your impact.
GROWTH
#3 - Unlocking Global Growth: The Power of International Warehouses for DTC Brands
The Gist: International warehouses, located in foreign countries, are the secret weapon for DTC brands going global in 2024. By storing and distributing products closer to international customers, they reduce shipping costs and delivery times. With the global warehousing market set to reach $634 billion by 2028, it's time to get involved.
Making International Shoppers Smile: Want to win over customers worldwide? International warehouses provide a top-notch experience by fulfilling orders locally, ensuring faster, cheaper shipping and building trust with your global audience.
Game-Changing Moves for DTC Brands:
Partner with international 3PLs to launch your global shipping strategy
Reduce costs using foreign trade zones and bonded warehouses
Localize packaging, inserts, and returns in each country
Diversify warehouse locations for a resilient global fulfillment network
Integrate warehouse management systems with your ecommerce platform
Keeping Score:
Monitor international conversion rates, average order value, and customer lifetime value
Track shipping costs and speeds compared to domestic fulfillment
Survey global customers about their delivery experience
Crystal Ball Says: The future belongs to DTC brands that prioritize international sales, powered by smart global warehousing. Expect more competition, but opportunities abound for agile brands that deliver localized customer experiences.
Our Two Cents: Going global isn't one-size-fits-all. Invest time in finding the right international warehouse partners and align them with your brand's mission and voice. Small details, like custom packaging and support, turn international shoppers into loyal brand advocates.
DTC Daily’s Monthly Spotlight:
Tools, Services & Hiring
Looking to level up your marketing team? Check out: Marketerhire
Need a Graphic Designer? Cost effective solution, instead of full-time employee: Delesign
🗣 Have an upcoming event or tools you’d like to recommend to 33,367 DTC Brands? Click Here
RESOURCES
#4 - Things Worth Checking Out
SOCIAL - What a TikTok ban would mean for ecommerce brands
SHOPIFY - Is Hypestore the emerging leader among Shopify alternatives?
CUSTOMER EXPERIENCE - Four keys to realizing flexible fulfillment of ecommerce orders
AMAZON - Amazon extends home goods lead over Walmart with discounts
SEO - How to shift from reactive to proactive SEO testing strategies
WHOLESALE
#5 - How D2C Brands Can Embrace Wholesale for Explosive Growth
The Rundown: In the competitive world of active outdoor brands, striking the right balance between D2C and wholesale is crucial for success. While D2C offers valuable insights, wholesale is making a comeback as a powerful tool for boosting sales and brand exposure.
Connecting to Customers: Partnering with wholesale allows D2C brands to tap into the in-store experience that most consumers still crave. Engaging with customers face-to-face helps build strong emotional connections and cultivate brand loyalty.
Opportunities for Brands:
Simplify the transition into wholesale using retail sales enablement platforms like ENDVR
Use analytics to determine effective strategies for deploying digital education, sales incentives, and retail operations
Engage with frontline staff to assess the impact of sales contests and digital education on sales and sell-through
Enhance in-store displays to minimize revenue loss and see the benefits of investing in retail
Measuring Impact:
Use retail sales enablement platforms to track the ROI of wholesale initiatives, which can deliver up to 30 times the return on ad spend
Assess the influence of sales incentives and training on frontline staff's confidence and performance
The Future: As more D2C brands venture into wholesale, retail sales enablement platforms will play a crucial role in helping brands navigate challenges, refine strategies, and achieve remarkable growth.
Our Take: D2C brands should embrace the potential of wholesale partnerships in their growth strategies. By leveraging sales enablement tools and empowering frontline staff, brands can create a seamless omnichannel experience that drives sales and fosters long-term success.
Did you learn something new from today's newsletter? |
If you want to reach our audience, email [email protected] or set up a call here