for the conscientious consumer with boring...
TRANSCRIPT
For the conscientious consumer with boring mismatched socks, Sexy Socks is sock company that hand delivers stylish toe warmers. Unlike the competition Sexy Socks has warm feet in its DNA, with each purchase socks are hand delivered to school children in South Africa’s townships.
Our Story
What makes Sexy Socks so sexy? Our unique bamboo
fibres, outrageous designs, shocking colours and sexy feel
ensure that your feet will never feel more loved (and more
sexy) than they do in a pair of Sexy Socks. They are
stretchy. They are fitted. And they always go back to their
original size. They are eco-friendly. They are green. They
are anti-bacterial, anti-odour and anti-chafe. And they are
local: designed, sourced and manufactured in Cape Town.
Where are we?
• “In Progress”
• Creating the brand identity & strategy
• Setting pricing
• In the midst of creating a website
• 3 member part time team
Blake Mycoskie- TOMS
“Giving feels good, but it's also good for the
bottom line. Charity is a viable growth
strategy for a lot of companies. Our
customers get excited to be a part of what
we're doing. If you ask anyone wearing Toms
how they first heard about us, most won't
mention an advertisement; they'll say a friend
told them our story.”
SCQA
Sexy Socks was started in 2014 by a regular guy called Dave. He wears a suit to work, and jeans on the weekend. He likes nice things, and sometimes he likes to be a little outrageous. Most of all, Dave likes to be outrageous in his socks. It is not surprising, then, that Dave got tired of wearing the same old boring socks, and was determined to bring the outrageous into his socks. But the real story began on an icy, rainy day in June.
Dave was lying on his bed, trying to catch a sneaky afternoon snooze, when his doorbell rang. At the gate was a homeless man, drenched to the bone and shivering. All he wanted was some food. He brought him in and gave him some food, and set out finding some dry clothes for the man. While the man was changing, Dave began to realise that there was no way that this man’s plight was unique. How many thousands of people are either homeless or living in shacks in South Africa, freezing and cold? Surely there was a way in which businesses can help? And that is how Sexy Socks was born.
Based in Cape Town, Sexy Socks is committed to providing free school socks to every child in South Africa’s township schools. Too many children go to school without socks on their feet in the middle of winter because they simply cannot afford such luxuries. Sexy Socks’ mission is to change this. Committed to the idea of one-for-one, Sexy Socks promises to give away a free pair of school socks for every pair of Sexy Socks purchased.
Personas & Segmentation
SEGMENTATION
• GEOGRAPHIC- South Africa, Cape town greater area
• DEMOGRAPHIC- 20-45, male & female, middle to
upper class, college education
• PSYCOGRAPHIC-socially conscious and aware of the
income inequality between SA haves & have not's,
spontaneous, caring, vain,
• BEHAVIORAL- Birthday/Christmas presents, start new
job, helping others
Customer Empathy Map
Think & Feel
• Want to stand out
• Rebel again boring corporate
culture
• Feel the inequality in SA
society
SEE
• City & casual society/lack of
personality in dress
• Townships next to mansions
• High & visible poverty
Hear
• Friends/social media are
influence
• Politics are influence
• Lack of resources for poor
Say & do
• Social media (Facebook,
twitter, instagram) regular users
• Promote brands with friends
• “Go about their lives” not do
much social service
Brand Brief
• Personality: Cheeky grin
• Values: Honest, authentic and fun
• Mission: We exist to help solve an issue
but also to have fun while doing it.
• Promise: Warm toes all around.
Advantages & Challenges
Advantages
• Social Mission
• Low cost
manufacture
• “Testing the waters”
Challenges
• Lack of time,
knowledge, resources
• Small team
• “nice to have” rather
than “must have”
SMART Goals
• Launch by Jan 1 2015.
• Before launch built up a data base of 500
contacts
• Through March 1 2015 sell of first batch of socks
and take orders for upcoming, matching or
exceeding first order. (Break even financially)
• 250 “Likes” on Facebook by launch
KPIs
• Revenue - basis of company
• AOV - Average order value
• ROI - For promotional channels
• Conversion rate - Is what we’re doing selling?
• Measure on a weekly, monthly & yearly basis
and analyse on sequential & average basis
AB Testing
• Which sock designs performing well
• Order of socks
• Channel & level of interaction
• Test tag lines on social media campaigns
For now:
• Create “coming soon page”
• CTA: sign up to hear more
• Track on a weekly basis alongside total
visits
Planning Content
Unaware Aware Decision
Our Goal Increase awareness Move to becoming a
customer
Easy checkout, mailing
process and
transparency with social
mission
Audience Mindset Have need for socks but
not aware of stylish
brand or of social
mission. Simply just dont
care (yet)
Have general knowledge
but no push to buy. No
reason and initiative (yet)
Enjoy social mission
because it makes them
feel good.
Audience Pain Points do need socks and are
uneasy of difference in
SA btw haves and have
nots
Is this legitimate? Is it
worth spending extra
money on? Is it just a
ploy?
End justifies cost. No
doubts
What do we need to keep
in mind?
not something people
seek out
Nice to have and not a
need
Makes you feel good
Where is our audience online, friends and family referred by fashionable
or socially conscious
friends,
our fans. they buy into
the mission
Marketing Mix (3 month plan)
• Content around “sock drop”
• Paid (0), Owned (accounts, website),
Earned (shares, “how sexy are your
socks”)
• Email marketing
• Social media (Facebook, Twitter)
Email Marketing
Pre-launch:
• Track Progress
• Ask for feedback
• “Sneak Peak”
Post- Launch
• Bi weekly email
• Sock Design Voting
• “How sexy are your socks”
• Segmented between younger
(buyers) and older (buy for
someone)
• Also segment and stress
social mission for those more
interested
Facebook, Twitter Instagram
• Facebook: Showcase content,
want likes, ideally build up to ads
when products launch. Drive
engagement in contests and polls
• Twitter: Follow social enterprise,
Cape town charities, organizations
with social missions & retweet to
raise awareness. Use as a Q&A
board with customers. Advertise
based on interest
• Instagram: Branding exercise
Activation & Retention Plan
Acquire Sign up for newsletter, word of
mouth, sharing on Facebook
Activate Buy a pair when launched
Retention Buy second pair, or subscription
Referral Share sexy socks on Facebook,
Instagram, spread message of sock
drop
Marketing Mix (1 year plan)
• Banner Ads
• Retargeting
• Affiliate Relationships with social enterprise, shoe companies, charities
• Content around social enterprise SA
• Content around hardships and solutions in townships
• Township success stories
• Hire someone for SEO