GILLETTE AND DOLLAR SHAVE CLUB
DOLLAR SHAVE CLUB: acquired by UNILIVER
PROBLEMS:
- Gillette blade were extremely costly.
- Non-visible and non-negotiable product demonstration (highly exaggerated).
- Flop of 750 million dollar advertisement (Messi + Roger Federer ads).
SOLUTION (implemented by dollar shave club):
- ONLINE SHOP: No need to bear retail costs, Clear supply chain, 30-60% cost as compared to gillette.
- NO traditional advertisement like billboards etc.
- Subscription model to interact with customers (scheme like: money back for unsatified customer)
LESSON:
- Good Brand: Portray their perfect by spending millions
- Great Brand: Build relationship with customers
- Analyse customer pain
- GILLETTE: Showed fancy product
- DOLLAR SHAVE CLUB: Showed functional product
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