Create Marketing Channels
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A marketing strategy focused on creating and owning marketing channels rather than competing in auction-based advertising platforms like Facebook and Instagram.
Core Strategy Philosophy
- Focus on creating inventory rather than buying existing inventory
- Minimize capital deployment in free market auction-based platforms
- Build proprietary relationships with partners directly
- Look for opportunities to own unique marketing channels
Implementation Approach
- Marketing team actively scouts locations and opportunities
- Gyms, locker rooms, restaurants, bars, stadiums
- Look for spaces where target customers naturally congregate
- Match marketing placement to specific medical conditions and demographics
Channel Examples
- Sports venues
- Direct partnerships with organizations like SF Giants
- Urinal advertising in stadiums
- Bar partnerships
- Custom branded coasters in bars
- Direct relationships with bar owners or alcohol distributors
- Location-specific targeting
- Hair loss ads in gym locker rooms
- ED messaging in appropriate private spaces
- Birth control and acne treatments in women-focused locations
Strategic Benefits
- Reduces dependence on auction-based marketing platforms
- Avoids common pitfalls of digital advertising
- Rising costs due to saturation
- Declining customer retention
- Deteriorating unit economics
- Creates unique, owned marketing channels
- Builds long-term brand equity
- Allows for targeted messaging based on context and audience
Investment Philosophy
- Requires longer-term view on revenue generation
- Allocates specific portion of capital to brand building
- Accepts initial losses to build equity-based value
- Maintains balance between brand investment and efficient spending
- Focuses on building depth of customer relationships
25:30 - 27:22
Full video: 56:19AD
Andrew Dudum
Founded Hims & Hers Health, a digital platform revolutionizing healthcare accessibility. Led the company to significant growth, reaching 1.86 million subscribers and $316 million in Q2 revenues.
Focuses on transforming healthcare through personalized solutions, including innovative treatments and compounded medications. Continues to expand the company's capabilities through strategic acquisitions and platform enhancements.
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