Unconventional Marketing Channels

Hims & Hers developed a proprietary marketing strategy focused on creating and owning advertising inventory rather than relying on auction-based platforms like Facebook and Instagram. This approach aims to reduce dependency on traditional digital marketing channels while targeting specific demographics in contextually relevant locations.

Key Points:

  • Core Strategy: Create vs Buy Inventory

    • Marketing team seeks opportunities to own advertising relationships
    • Focus on finding unique, underutilized spaces
    • Direct relationships with venues/properties instead of using third-party agencies
  • Location-Based Targeting:

    • Match products to contextually relevant locations:
      • ED products - Stadium urinals
      • Hair loss products - Gym locker rooms
      • Birth control - Women-specific locations
      • Acne products - Female-focused environments
  • Creative Implementation Examples:

    • Bar coaster program
      • Replaced traditional beer coasters with branded versions
      • Implemented in New York and San Francisco bars
      • Mix of individual bar relationships and distributor partnerships
  • Strategic Advantages:

    • Reduces dependence on auction-based marketing platforms
    • Creates unique, ownable marketing channels
    • Allows for long-term relationship building
    • Avoids saturation and rising costs of digital platforms
  • Execution Approach:

    • Direct negotiations with property owners
    • Mix of individual venue relationships and scaled partnerships
    • Requires longer-term planning and investment horizon
    • Empowers team to identify creative opportunities
24:28 - 28:52
Full video: 56:19
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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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