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My influencer marketing & luxury packaging strategy
Continuing to blend brand & growth š
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 itās a tough one to answer.
A partial answer: It boils down to the precious first impression with a new product + itās ability to live up to a good reputation.
Youāve felt how powerful this can be.
Especially if youāve 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.
Itās an experience (thereās even ASMR channels dedicated to unpacking tech products).
And that experience is exactly what Iāve been working on reverse-engineering for our first flagship product.
How Iām reverse-engineering Appleās product packaging for my nefarious gains š§āš¬
Weāre positioning our flagship product as a special type of all-in-one ākit.ā
Weāve 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, weāre betting on this for our early influencer marketing strategy
This has me exploring how different types of foam inserts impact a productās image and āfeel.ā
Specifically, Iāve 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. Itās cost-effective, does a great job of āholdingā 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, ācolorā was the biggest factor, followed by visuals, photographs, and icons
It also helped me justify all the packaging Iām hoarding to my wife, who was NOT happy with my new obsession with packaging lol.
Influencerās R us! šŗ
āFor 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 donāt 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 Januaryās end of month Brandkenstein growth report, youād know that weāre betting heavily on influencer marketing for initial traction and sales.
Mainly because the brand is:
Literally starting from scratch and has no audience
Weāre 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 Nikeās founder, Phil Knight, built the billion dollar behemoth brand from scratch and itās a riveting storyāthat involved a lot of āinfluencer marketing.ā
If youāre interested in influencer marketing yourself, check out this YT guide by Founder magazine.
Itās 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 Iām 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. Iām narrowing influencers by gender, interests, engagement rate, and more.
Youāre 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 Iām not as smart as a Rick and Morty fan *cries in single-digit-IQ* š„².
In the end, I rolled my sleeves up got my hands dirty with some manual data entryāand the support of good oāle drill music.
Next steps:
Separate influencers into tiers based on follower count:
Micro: 1k-10k
Mid: 10k-100,000
Large: 100k-500,000k
Create offers for each of these tiers. Weāll pay mid-large tiers. And offer free products to Micro influencers in exchange for promoting our products.
Start reaching out and picking the top 50 influencers across Instagram and TikTok.
I think itās wise to focus on a few cities and influencers in similar networks to create a āviral effect.ā But thatās all theory right now.
Interested in using the same custom sheet Iāve built for tracking influencer marketing? Iāve made a template for you hereš.
š Get the template.
And thatās a wraaaap!
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