- The Unicorns Playbook
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- π Liquid Death's Growth, Foot In the Door and Coda ad
π Liquid Death's Growth, Foot In the Door and Coda ad
Smart Marketing in 5 minutes!
Smart Marketing in 5 minutes!
Hey there, Unicorns! π
Get ready for another newsletter packed with growth stories marketing psychology and ads breakdown:
π Liquid Death's Growth Story: From Viral Prank to $1.4B Valuation
Discover the shocking tactics behind Liquid Death's disruption of the water industry. We'll dive into their irreverent marketing, eco-friendly mission, and how they turned water into the coolest drink on the planet.
π¦Ά The Foot-in-the-Door Tactic: Small Steps Towards Big Conversions
Ever wondered why free trials are so effective? Dive into the psychology behind the "foot-in-the-door" principle and discover how small initial commitments can lead to bigger conversions. It's time to fine-tune your marketing strategy for gradual but powerful engagement!
π Social Media Ad Spotlight: Coda's Spreadsheet Revolution
We're analyzing a clever Instagram story ad that's all about transforming workflow frustrations. Our focus: Coda's innovative document solution promo. Get ready to explore how relatable visuals and witty wordplay can make your tech product resonate in the crowded social media landscape!
Stay tuned for insights that'll help you step up your marketing game and break free from outdated tools. Let's dive in!
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Growth Playbook
π¦ Liquid Death's Growth Playbook
How Liquid Death Murdered the Competition and Resurrected Water's Cool Factor π
With nationwide distribution and a $1.4 billion valuation, Liquid Death has turned the beverage industry on its head.
So, what's their secret sauce (or should we say, secret water)? π€
Here's the TL;DR:
π₯€ Solving a Non-Problem Brilliantly
Liquid Death didn't solve a pressing issue; they made water cool and sustainable, proving sometimes the best products create their own demand.
π Entertainment-Driven Marketing
By prioritizing shocking, shareable content over traditional ads, Liquid Death created a brand people actually want to engage with.
β»οΈ Eco-Friendly Edge
Their "Death to Plastic" campaign resonated with environmentally conscious consumers, turning sustainability into a punk rock mission.
π° Premium Pricing Strategy
Positioning water as a lifestyle product allowed them to charge beer-like prices for H2O, maximizing revenue while building brand cachet.
π Key Stats:
Facebook page grew to 60,000 followers before product launch
Sold $100,000 worth of product in first month with just $2,500 in marketing spend
Valued at $1.4 billion in their latest funding round
π Ongoing challenges:
Maintaining edgy brand identity while expanding to mainstream markets
Scrutiny of sustainability claims as they scale
Balancing growth with staying true to their rebellious roots
Want to read the full, unfiltered story of Liquid Death's rise?
Trust us; it's more refreshing than a tallboy of mountain water on a hot day! π
Marketing Psychology Playbook
π¦Ά The Foot-in-the-Door Tactic: Small Steps, Big Results
Ever agreed to a tiny request that somehow led to a much bigger commitment?
This clever persuasion technique is known as the "foot-in-the-door" tactic in marketing.
What is it? π€
The foot-in-the-door tactic involves asking for a small commitment first, with the aim of getting consumers to agree to larger commitments later.
It's like our brains say, "I've already said yes once, so why not again?"
How does it work? π§
When we agree to a small request, we begin to see ourselves as helpful or compliant.
This initial commitment can make us more likely to agree to larger requests later.
This tendency is known as "incremental compliance."
Marketers can use this by starting with a minor ask before gradually escalating, creating a sense of investment in the process.
Why is it important? π‘
Understanding the foot-in-the-door principle can help create marketing strategies that increase customer engagement, build trust, and improve overall conversion rates.
Who's doing it right? π
Dropbox π¦
Dropbox's free basic plan often leads users to upgrade for more storage.
LinkedIn π
LinkedIn's free networking features can entice users to invest in premium services.
Digital Marketing Impact π¨
In digital marketing, the foot-in-the-door principle can boost lead generation, enhance content marketing strategies, and increase customer loyalty.
Remember: It's about building relationships and trust gradually, not manipulating customers!
Ad Playbook
β Ad Breakdown: Coda
Transforming spreadsheet frustration into digital efficiency, we're analyzing an eye-catching Instagram story ad that showcases how Coda's innovative platform can revolutionize your workflow.
This breakdown will explore how Coda uses a striking visual and clever messaging to promote its collaborative document solution.
Let's dive into our breakdown:
What we like π
Coda nailed the visual impact with a relatable and humorous image...
The ad immediately grabs attention with a person hiding behind a spreadsheet, creating a memorable and relatable scene.
The copy is succinct and powerful:
"Enough of this sheet."
It's a clever play on words that instantly communicates frustration with traditional spreadsheets while hinting at Coda's solution.
The ad effectively combines a relatable image with a clear pain point:
Traditional spreadsheets are limiting and frustrating.
Using a bright pink sweater against the green spreadsheet background creates a striking visual contrast that draws the eye.
What We Don't Like π
The actual Coda interface or example of how it improves upon spreadsheets isn't shown, which could help users visualize the solution in action.
The "Learn More" call-to-action is generic and could be more specific to the product's benefits.
What We Would Do Differently π§ββοΈ
1. We might add a second frame showing a brief demo of the Coda interface or a key feature that sets it apart from traditional spreadsheets.
2. Include a short bullet point list of key benefits, such as "Collaborate in real-time" or "Customize your workflow," to highlight Coda's advantages.
3. Use a more compelling call-to-action like "Upgrade Your Spreadsheets" or "Try Coda For Free" to encourage immediate action.
4. Add a brief testimonial or user quote to provide social proof and reinforce the benefits of switching to Coda.
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