• Brandkenstein
  • Posts
  • My influencer marketing & luxury packaging strategy

My influencer marketing & luxury packaging strategy

Continuing to blend brand & growth šŸš€

HOW DO WE TAKE OVER THE FrACKING WORLD?

Ahem. I mean: What catapults a brand to the front of the pack and distinguishes it from competitors?

That question has been sending me down a loong rabbit hole. 

And itā€™s a tough one to answer. 

A partial answer: It boils down to the precious first impression with a new product + itā€™s ability to live up to a good reputation.

Youā€™ve felt how powerful this can be.

Especially if youā€™ve ever unboxed an Apple Mac (or any well-packaged premium product). 

I still remember opening my first Macā€¦

Peeling the outer plastic wrapping triggers a growing sense of anticipation.

You slowly lift the top layer of the box off--which takes like 7 full seconds--and then, gently remove each meticulously placed item from its packaging. 

Itā€™s an experience (thereā€™s even ASMR channels dedicated to unpacking tech products). 

And that experience is exactly what Iā€™ve been working on reverse-engineering for our first flagship product. 

How Iā€™m reverse-engineering Appleā€™s product packaging for my nefarious gains šŸ§‘ā€šŸ”¬

Weā€™re positioning our flagship product as a special type of all-in-one ā€œkit.ā€ 

Weā€™ve sourced our initial items for the kitā€¦

Selected our color combinations for the productā€¦

And decided how we want the box to open (magnetic strip with a ribbon). The last piece of le puzzle? 

Figuring out the optimal way to house multiple items in way that balances three important goals: 

1): Gives a premium, polished, and high-end feel 

2):  Is cost-effective and actually keeps the items secure 

3): Encourages consumers to keep and re-use the product & packaging. In fact, weā€™re betting on this for our early influencer marketing strategy

This has me exploring how different types of foam inserts impact a productā€™s image and ā€œfeel.ā€ 

Specifically, Iā€™ve been rabidly researching and speaking to manufacturers about: Ethylene-Vinyl Acetate (EVA) foam vs. Expanded Polyethylene (EPE) vs. Sponge foam. Ya know, the fun stuffā€¦

TLDR: Acoustic foam is the current choice. Itā€™s cost-effective, does a great job of ā€œholdingā€ the product, and gives a strong visual appeal. 

While researching I stumbled on a paper sharing how product packaging drives consumer buying decisions. And it came in clutch!

It confirmed my hunches around this topic.

Mainly that: 

  • Your product is your packaging

  • When catering to a female audience (our brand does), packaging plays an even bigger role

  • Many consumers plan to re-use packaging. Which is good brand awareness for us!

  • When it came to forming swaying consumer buying decisions, ā€œcolorā€ was the biggest factor, followed by visuals, photographs, and icons 

It also helped me justify all the packaging Iā€™m hoarding to my wife, who was NOT happy with my new obsession with packaging lol.

Influencerā€™s R us! šŸ•ŗ

ā€œFor years, we thought of ourselves as a product-oriented company, meaning we put all our emphasis on designing and manufacturing the product. But now we understand that the most important thing we do is market the product.ā€ ā€” Phil Knight, Founder, Nike. 

Influencer marketing is HOT right now. The 2024 influencer marketing report dives deep into the topic and it shows a promising future: 

  • 60% of those those who budget for influencer marketing intend to increase their influencer marketing budget in 2024

  • Nearly Ā¼ of marketers surveyed plan to spend more than 40% of their entire marketing budget on influencer campaigns

And you donā€™t need the IQ of a Rick and Morty fan to know whyā€¦

In such a crowded world, why go through the pain of building an audience from scratch when you can leverage someone else's?

If you read Januaryā€™s end of month Brandkenstein growth report, youā€™d know that weā€™re betting heavily on influencer marketing for initial traction and sales. 

Mainly because the brand is:

  • Literally starting from scratch and has no audience

  • Weā€™re in the world of ecom/fashion, and influencers reign supreme. They drive consumer trends and taste 

(Note: I just finished reading the story of how Nikeā€™s founder, Phil Knight, built the billion dollar behemoth brand from scratch and itā€™s a riveting storyā€”that involved a lot of ā€œinfluencer marketing.ā€ 

If youā€™re interested in influencer marketing yourself, check out this YT guide by Founder magazine.

Itā€™s a great tactical overview of their research process and tools you can use for influencer marketing. 

Influencer marketing: my template and favorite resources ā­

Here are some resources that Iā€™m finding extremely helpful as I flesh out the influencer marketing strategy: 

  • Modash: An influencer marketing search engine and campaign management platform. The tool came in clutch for finding niche and nano influencers. Iā€™m narrowing influencers by gender, interests, engagement rate, and more.

Youā€™re limited to viewing the specific details of 20 influencers. But I just created multiple accounts to work around it. #thinkoutsidethebox #startup #brokeytechstack.

  • ChatGPT: To take all those usernames I copied and list their account URLs into a spreadsheet.

I spent HOURS trying to be create a crafty workaround with APIs in Google Sheets to scrape Instagram follower counts. I failed miserablyā€¦

And lost a few precious hours because I lack the technical prowess do that. I guess Iā€™m not as smart as a Rick and Morty fan *cries in single-digit-IQ* šŸ„².

In the end, I rolled my sleeves up got my hands dirty with some manual data entryā€”and the support of good oā€™le drill music

Next steps: 

  1. Separate influencers into tiers based on follower count:

  • Micro: 1k-10k

  • Mid: 10k-100,000

  • Large: 100k-500,000k

  1. Create offers for each of these tiers. Weā€™ll pay mid-large tiers. And offer free products to Micro influencers in exchange for promoting our products.  

  1. Start reaching out and picking the top 50 influencers across Instagram and TikTok. 

    I think itā€™s wise to focus on a few cities and influencers in similar networks to create a ā€œviral effect.ā€ But thatā€™s all theory right now.

Interested in using the same custom sheet Iā€™ve built for tracking influencer marketing? Iā€™ve made a template for you herešŸ™‚.

šŸ‘‰ Get the template

And thatā€™s a wraaaap!

Share the newsletter, make me famous, and all that šŸ’© people say.

Second end of month Lab Report coming soon!

šŸ‘‹ Follow me on LinkedIn here.

šŸ‘‹ Share the #Brandkenstein newsletter

Reply

or to participate.