The beauty and personal care industry is expected to top $80 billion in revenue this year and shows no signs of slowing. While brands and products may differ between generations, all generations are considered target markets for beauty and skin care products, from Generation Z to Baby Boomers. Understanding your target audience is key, but you should also be aware [...]
The direct-to-consumer (DTC) model is on the rise, but it’s definitely not new. No, the DTC model has been around for some time, disrupting some of the biggest legacy CPG and beauty brands on the market. Consider the shaving industry, which was once ruled by Gillette. The $3.5 billion per year industry was turned on its ear by the introduction of [...]
If you’ve ever played the lottery or put a dollar in a slot machine, then you have some idea of how the “motivating uncertainty effect” works. It’s the same psychological effect that drives popular game shows like Wheel of Fortune and Let’s Make a Deal. That sense of excitement, mystery… The huge shot of dopamine when we win. Dopamine is [...]
What changes have you made to your CPG marketing strategy in the last five years? What about the last three years? Are you still using the same marketing techniques that have worked for your brand for decades, only to see revenue slipping? Technology has changed the way consumers discover, search for, and even buy the products they need (or want). [...]
