- MoeMentum University
- Posts
- The #1 selling product (Globally)
The #1 selling product (Globally)
š° The simple things always win
If you didnāt notice I got lazy last week
I missed my first newsletter since I started and to be quite frank with you guys..I hated it.
As I sat down reflecting on November earlier this week
I noticed some of the best things that happened to me were because I was in āthe zoneā in all areas.
Consistent routine, consistent actions, and focus.
As soon as the black friday weekend ended I felt a big weight off my shoulders
Then I got comfortable, skipped a few gym days, ate some extra desserts, and slept for a couple more hours..you get the point
What Iām trying to say here is structure is key and without it, you can not accomplish what you want to accomplish.
Once things start falling into place donāt stop the habits that got you there, those fundamentals are key.
Be consistent, be disciplined, and watch the Moementum come.
In case you have some extra free time check out the podcast I did with the boyz from @DTCPOD
I did not hold back, we talked
ā£ Going viral on TikTok + Tiktok Shop
ā£ Building micro brands in high-barrier markets
ā£ Underrated marketing hacks for rapid growth
The Power Of An Audience + Brand
To kick things off letās first talk about the BFCM Weekend we just had.
- This Cotton Rib Tank by SKIMS was the #1 selling product (Globally)
- This Luxe Sateen Core Sheet Set by Brooklinen came in second
- For whatever reason these regular Boxer Shorts by SNOCKS came in third.
Out of the 9.3 BILLION dollars processed by Shopify on Black Friday, these 3 dominated and sold millions of units throughout that weekend, let that sink in.
Hereās what you need to understand
The brands you see above didnāt dominate one day out of the year randomly or by surprise.
They marketed, tested, and produced year-round. They kept building an audience every single day leading up to that huge event.
Most people hear black Friday and think of acquiring net new customers!
That couldnāt be any further from the truth.
Think about it this way, you and I as consumers donāt go looking for new brands and stores to shop from during the holidays we go to the brands we already love and want in hopes of finding a deal worth paying for.
The brands above did the same.
They focused on reminding their existing audience about what makes their brand unique and offered them exciting deals.
With the most basic static ads, the most straightforward messaging, and a good offer they were able to dominate.
If they had just launched these ads as a brand new company they wouldāve never succeeded..because they would have no audience.
If youāre asking how we didā¦Hereās a screenshot I took from our Shopify dashboard..you can say we did alright.
So letās talk about the Real Black Friday Playbook
1. Black Friday is about RE-engaging. The recipe for a successful November is to have an audience in the first place. 90% of your sales come from people who are already familiar with your brand.
8 weeks before black friday we started testing new campaigns for 2 main objectives - the first was warming up audiences to our content and garnering attention with educational-based videos. The second was retargeting those people and other Look A Like audiences to sign up for early access.
This is building TOF awareness and attracting new prospects without trying to compete with advertisers for low CPAs.
PS. You can duplicate this recipe for any holiday or event not just BFCM.
2. Adding āNEWā to the picture: If you take a look at the brands above they not only made new offers and gave fat discounts. They brought excitement to their already existing audience by rolling out new products. Skims released a for him line, brooklinen released new color sets and bundles and we at NZT did the same.
You want to turn your audience into enthusiastic buyers and the best way to do that is giving them NEW sh*t.
So whether itās building new bundles or adding new SKUs make sure you give your audience something NEW.
3. Make it WORTH it: Black Friday isnāt always about profit, for some brands itās about getting rid of old inventory, for others, itās increasing AOV, you need to figure that out for yourself and build a strategy that can help you accomplish.
Most importantly, youāre competing in a market thats going to have terms like āFreeā āClearanceā and āBiggest sale of the yearā so if youāre going to do BFCM make sure you go balls to the walls.
Mix up your offers, give big discounts (that you can afford), give gifts, and be prepared to spend as much money on advertising as possible.
The TLDR is this:
Black Friday success isnāt just about how much you spend on ads; itās about how well you prepare for it year-round.
The marketing sprint you do for Black Friday is the same one you can do for New Year, Valentine's Day, or any other holiday that makes sense for your brand.
Donāt mind me if Iām rusty after missing last week, but I hope you got some value out of this today.
Lastly, I need you to do one thing for me
Reply with any other topics youād like me to cover for next week!
Tweet Of The Week:
I pay in-house affiliates $5,000+ per month to make faceless Ai videos for my ecom brand
Here's how you can do the same
ā Moe (@TheMoeHayek)
5:00 PM ā¢ Nov 25, 2023
A Meme To Share:
How Can I Help?
Whenever youāre ready, here are few ways for us to work together:
Work with me 1 on 1 and get all the help you need here.
Premium Resources
Promote your business to 10,000+ marketers and entrepreneurs by sponsoring this newsletter.
Give Me a Rating & (Leave a comment)
How did you like today's newsletter? |
Reply