Love it or hate it, Goop has revolutionized the lifestyle space and created a loyal following. Its secret is by functioning as a “content company first, and everything else second,” says Evan Moore, Vice President of Product. Many online retailers that launch content-driven marketing strategies are “optimizing for conversion,” he said, which may lead to some purchases but can be a double-edged sword. “If you’re trying to take them away from the content experience too fast, or if you’re going directly from one piece of content directly into a shopping experience, you can lose the user right away.” Goop launched in 2008 as Gwenth Paltrow’s personal blog and has evolved into an e-commerce platform selling a range of wellness products, including Goop-branded items. “Goop existed for a full four years...before it ever sold a single product,” Moore said. That enabled the brand to become a trusted voice for its readers and build up “a lot of equity with the user base.” Goop’s success is reflective of a wider shift in the retail industry, where social media has enabled influencers and celebrities to reach consumers directly. The reason for that is the amount of choice that consumers have now, Moore explained. “Good design and good products are a dime-a-dozen.” That pushes consumers to look beyond store shelves and turn to “people that they aspire to be or that they relate to in a strong way.”

Share:
More In Business
Analyst Breaks Downs Market Action Ahead of Big Tech Earnings
Dory Wiley, president and CEO of Commerce Street Holdings, joined Cheddar News to discuss Tuesday's trading as big tech is set to report earnings. This also followed First Republic Bank posting its latest results that prompted its stock to plummet after it said deposits fell.
Cboe Launches 1-Day Volatility Index
Cheddar News' Courtney Sturgeon reports live from the options trading floor to break down the busy earnings week ahead for big tech, and the launch of Cboe's 1-Day Volatility Index (VIX1D).
Load More