E-Comm Experts React to X, 2024 Superbowl Ads, & More!
Podcast: Chew on This - Digestable DTC ContentPublished On: Thu Apr 11 2024
Description: In this episode of COT, e-comm experts Ash and Ankit discuss Elon's acquisition of Twitter and the subsequent rebrand to X. They compare his strategies with their own strategies that implemented when they acquired a new coffee company, Coffee Over Cardio. Ash and Ankit also discuss Temu's $21million presence at the Superbowl and why the massive adspend might not be as crazy as most people think. They go on to discuss how launching Obvi in retail hurt their DTC, the lessons they learned, and how you can avoid making the mistake in your own business! 0:00 - Intro 0:56 - Obvi's acquisition of Coffee Over Cardio. 1:19 - Elon buying Twitter. 1:50 - Why did Elon buy Twitter? 3:04 - Elon's desire to bring authenticity to Twitter. 6:00 - Twitter's massive layoffs. 10:05 - Twitter's rebranding and its impact. 16:21 - Temu/s Superbowl ads. 19:10 - Is Temu a scam? 24:13 - Importance of quality in advertising. 26:14 - Obvi's pricing strategy. 28:20 - Starting from square one with branding. 29:06 - Branding is essential. 32:07 - Adjusting pricing strategy based on market competition. 33:03 - Enhancing product features for different retail channels. 35:18 - Importance of being brand agnostic in pricing strategy. 36:00 - Adding extra ingredients to appeal to specific retail demographics. 38:03 - Adjusting pricing strategy to match market demands. 39:14 - Collaborating with manufacturers to optimize pricing and formula. 41:30 - Implementing different strategies for online and retail sales. Sponsored by: 📊 Motion - Motion will take your creative game to the next level. It allows all media buyers/marketers to do an in-depth creative analysis and create multiple reports which, otherwise may not be possible on the ads manager itself. 🔗 https://motionapp.com/chewonthis 📨 Sendlane - Tired of paying for hosting unnecessary contacts on your email list? Thats why we switched to Sendlane where we are only charged for the number of contacts we send to. You will unlock huge savings by signing up with them. 🔗 https://sendlane.com/chewonthis Follow us, subscribe to our newsletter, and to see our exclusive merch check out https://chewonthis.io/ Ron Shah - https://twitter.com/obviceo Ash Melwani - https://twitter.com/ashvinmelwani Chew On This - https://twitter.com/chewonthisdtc
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