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In this newsletter, youāll find: š
š¦ Competitors are taking over
š¦ The first-of-its-kind media invoice financing
š¦ How to shop like cool kids in the East
š¦ Real-life examples and data-backed insights from the 2023 Direct-to-Consumer report
Read till the end to access exclusive DTC swag. š
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šŗ A trek through the Amazon
Weāre back with DTCās Brand Breakdown and the Pilothouse team to conclude the ongoing Amazon series with Manscaped.
Weāll pick up where we left off last week by diving into their branded search terms and a surprise that we didnāt see coming! š
Letās get into it š
š Admirable ads
Manscaped is in an enviable position here. Their branded search terms have more search volume than most generic search terms in the grooming space.
For example, āelectric razorā gets roughly 55k searches every month, while āManscaped lawn mowerā achieves roughly 85k searches monthly.
It's critical that they own their branded searches so as not to lose market share to competitors advertising on those same terms.
With their market share, Manscaped has it easy. They could set up some simple, broad targeting campaigns of each type and achieve solid coverage.
𤷠Getting sponsored?
This is not what we wanted to see. When we searched āManscapedā, the ad at the very top was a Sponsored Brand video for Gillette! To make things worse, three of the four top sponsored product spots were for other competitors! š®āšØ
As we saw further down the page, things only got more dire.
The Sponsored Brand video spot went to, you guessed it⦠Gillette again. šŖ
Take note of the highlighted word in Gilletteās product title above. š
Theyāve included āManscapeā (likely because that specific version is not trademarked) to leverage the SEO advantage it provides and to drive up their relevance in Amazonās search for āmanscapedā. Well played, Gillette.
Surely, Manscaped defended their page with ads for other products, right? Nope.
We see competitors everywhere, and it hurts us a little inside.
The last nail in the coffin for Manscapedās branded defense is that āAmazonās Choiceā for many branded terms arenāt even their products. Theyāre basically copies! š±
Keep on reading to find out what Manscaped can do about itā¦
90 extra days to pay? Sound too good to be true?
It was⦠Until Juni: the financial platform offering first-of-its-kind media invoice financing for eCommerce companies.
Hereās how Juni Capital for invoices works:
š§¾ Google or Meta Ads sends you an invoice for media spend.
š³ You select āPay later' and use Juni Capital to pay the media invoice.
šø You get up to 90 days (3x the typical 30 days) to settle your balance, freeing up valuable cash flow for your business.
You can access capital up to ā¬20million with fixed fees as low as 3% (no catch: fees only apply to funds you use).
Juni can even auto-collect, pay, and reconcile invoices in a few clicks saving you precious time.
Say goodbye to cash flow constraints and hello to more time, more cash, and more runway for your business.
š Buy media now, pay later with Juni.
Check out this dupe that seemingly meets all the needs of a Manscaped customer. š
Dupes attain this āAmazonās Choiceā badge by selling more, having a higher conversion rate, and higher in-stock rate than Manscaped for those terms. This can be prevented with a thorough brand defense.
Why does this happen? What could Manscaped possibly be doing wrong here?
Without seeing whatās under the hood, itās impossible to know for sure, but there are a couple of common culprits:
1ļøā£ Not segmenting branded terms
This is the most common scenario. Branded terms are being advertised not with purpose but through some Auto, Category, or Targeting campaign.
An ad manager is likely trying to squeeze out a massive ROAS, so they continue to decrease the bids on those terms until theyāre only showing on branded terms. This overly-optimized approach leads to the lack of a proper branded defense.
2ļøā£ Not utilizing more creative ad types
All of the ads seen from Manscaped were only sponsored product ads. This is a fairly typical scenario for brands that just use some type of ad automation software to manage their entire Amazon ad strategy.
With all the great videos and creative Manscaped has, they could be crushing these ad types, but unfortunately, theyāre not leveraging that content.
For Sponsored Products, here are a few generic search terms and where we found the first Manscaped ad:
š āBeard trimmerā (~102k search volume):
š āElectric razorā (~38k search volume)
š āElectric razor for menā (~21k search volume)
For the relevant, high-volume terms, their ad is at least visible.
With a little more consideration thrown into their ads, Manscaped would be setting up an impenetrable defense to protect their market share.
Letās wrap up this Amazon deep dive on a high note. šŖ
DTC is becoming more competitive.
This is not news to you.
Market saturation is an obstacle for most brands. Itās harder to stand out, harder to reach your ideal target, and harder to grow.
If you want to learn how top brands in the industry respond to shifts in the DTC market, overcome competitive challenges, and engage with customers in novel ways...
Check out the 2023 Direct-to-Consumer Report. š
Whether youāre a DTC brand, agency, or SAAS company, youāll get real-life examples and data-backed insights you can apply today.
š Read the report now.
(Or download it for later, when that coffee is fresh. š)
š Everything Amazon
Manscaped could use some fine tuning and tune ups on Amazon. We constantly preach the immense value a brandās Amazon presence brings to the table. Itās the worldās largest online retailer, after all!
Itās clear that Manscaped takes a āset it and forget itā approach to Amazon, and, in their defense, theyāre capturing most brand-aware shoppers.
A good amount of effort has been put into the details of their listings, but as we mentioned, some aspects of their strategy could be improved.
Theyāre not actively trying to acquire new customers on the platform, and theyāre not really trying to defend the market share they have.
Manscaped has spent thousands, if not millions, of dollars in advertising and sponsorships to build their brand presence into what it is today. š¤
But with more customers using Amazon as their go-to search engine to find products, Manscaped could lose brand-aware customers to copies and competitors that take the advertising side of the platform more seriously.
However, it's not too late! They can fix this. If Amazon isnāt their platform of choice for customer acquisition, thatās fine, but they should own their branded terms with every ad type.
These clicks would also come at a relatively cheap cost-per-click (CPC) because of their superior relevance in the market.
š Until next timeā¦
As we can see, the world of DTC marketing isnāt always sunshine and rainbows, but you can take these learnings and apply them to your own Amazon strategy.
That constructive process ensures that we, the DTC community, constantly evolve and build each other up with advice from industry experts like our pals at Pilothouse.
Stay locked to the DTC Newsletter for the next Brand Breakdown featuring Manscaped and more successes in personal landscaping.
How are you defending your market share on Amazon? Have we inspired you to revisit your defense strategy? Let us know in a reply! š§
ā
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šµ TikTok tests a new product discovery feature that uses your phoneās camera to identify products. The new initiative is part of TikToās plan to bring in-stream shopping to Western markets.
šļø Google Shopping users can now see clothes on a variety of body types before committing to a purchase. The new AR technology displays models of different ethnicities, hair types, and body shapes.
š½ Many Subreddits are planning to āgo darkā indefinitely in support of recent protests against Redditās API changes.
š¦ Twitterās CEO outlines her approach to managing the platform and revitalizing its ad strategy to acquire interest from popular brands.
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š¤ Restful Living with Wilet: A Rebranding Journey with Vivian McCormick.
š« The Future of Direct Mail and Marketing with PostPilotās Drew Sanocki.
š Manifesting Your Dreams with Samantha from Maniscripting.
š "Enlightened Hospitality" and the Secret to Killer CX with Eli Weiss from Jones Road Beauty.
š āā8-Figure Beauty Empire Trinny London's Epic Organic Content.
Donāt forget to rate the DTC Podcast on Apple (āļøāļøāļøāļøāļø)
DTC Newsletter is written by Rebecca Knight and Michael Venditti. Edited by Claire Beveridge and Eric Dyck.
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