by Laura Montini
culled from:http://www.inc.com
Your goal is to become dinner table conversation, Neil Blumenthal says.
When eyeglasses company Warby Parker launched in 2010, its founders had invested their life savings in three main areas: their glasses, their website and, very important, a public relations team, says Neil Blumenthal.
"We knew that you only have one shot to launch a fashion brand," he says.
Blumenthal had his sights set on Vogue and GQ
magazines, where he wanted his company's name to debut. The PR team
managed to work Warby Parker into the pages of February issues that
year, and the result was better than anyone could have expected.
"We ended up hitting our first-year sales targets in three weeks and were just on this crazy, crazy ride," Blumenthal recalls.
Ever since, Warby Parker has managed to turn these
press-triggered sales spikes into sustained growth, which Blumenthal
attributes almost entirely to word of mouth.
"Everybody's looking for that
tidbit to talk about at the dinner table. What is it? For us it was the
$95 price point," he explains. "It was the innovative business model of
our home-try-on program."
Blumenthal says that more than 50 percent of Warby
Parker's sales are driven by word of mouth, and that's something the
company wants to continue.
"Certainly of any form of marketing it's got the highest return on investment because it doesn't cost you much," he points out.
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08:44
Executive Republic
Posted in
Your goal is to become dinner table conversation, Neil Blumenthal says.
ReplyDeleteWhen eyeglasses company Warby Parker launched in 2010, its founders had invested their life savings in three main areas: their glasses, their website and, very important, a public relations team, says Neil Blumenthal.
Based on what Neil Blumental says, that means one can just make use of his senses to be productive even with news while sitting in one's house and since business is easy to transact nowadays .
ReplyDelete