Unconventional Marketing Channels
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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:
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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
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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
- Match products to contextually relevant locations:
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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
- Bar coaster program
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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
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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
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.