
It's become more and more common for creators to start by building an audience for themselves and their brand. Then they decide what they want to sell to that audience.
The "Mr Beast" style of building an audience and then introducing products is a trend that will certainly continue. But sometimes, the faddish nature of this approach can lead to products with short shelf lives.
Take Prime Hydration, a drink brand created by YouTubers KSI and Logan Paul. When first released, the drink experienced a sales frenzy akin to Taylor Swift concert tickets in 2022.
However, recent sales figures indicate a significant decline in those sales. In fact, many stores are now heavily discounting the drinks.
We see this all the time in new product launches. Just look at Coke Zero. After a massive launch, they also saw sales decline in year two.
But, even though enthusiasm wore off after its launch, Coke Zero is still a strong brand. Why? Because the Coca-Cola Company put a lot of effort and investment into building the brand over time. This just shows the importance of patience and long-term commitment.
Think about the long game. Yes, having an established audience is a great. But you can't forget the importance of the fundamentals.
So focus on brand awareness, correct pricing, and highlighting your value proposition to your customers. Get those right, and you'll be much more likely to have a successful brand long-term.
-Nate, Head of Strategy & General Manager
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