Case 41 — Stanley · Terence Reilly · 2020
Three bloggers have proved there is a customer you never marketed to. Do you hand them your least successful product as a wholesale partner and let them tell you what colour to make it?
You have just arrived as president of a 107-year-old drinkware brand that did $73 million last year selling green steel thermoses to men who work outdoors. One product, a 40-ounce tumbler called the Quencher, was scheduled for discontinuation in 2019 because it did not sell. Then three women who run a shopping blog for a largely female readership bought 5,000 of them at wholesale on their own account and sold out in days. They are now asking for a formal relationship — they want to keep buying inventory to sell to their readers, and they want the cup made in colours their audience would actually choose. Your sales team sees a blog. Your retail partners have never asked for a tumbler in blush pink.
Choose before you scroll. The answer is hidden until you commit.
§02 — More forks
- Lululemon · 1998You have one store, no ad budget, and a pair of yoga pants that costs four times what anyone pays today. How do you price it?
- Nike · 1984You can sign five established NBA players, or spend the whole basketball budget on one rookie who would rather sign with your competitor. Which?
- Amazon · 2000Do you let outside sellers compete with you, on your own product pages, for your own customers?
- Glossier · 2023The thing that made your brand special is the thing now capping its growth. Do you break your own rule?