Exit Strategy with Moiz Ali
Exit Strategy with Moiz Ali
The Hustle & Moiz Ali
0105 Paul Tran - How Manscaped Created a Nine-Figure Business by Inventing and Dominating the Pubic Grooming Industry
1 hour Posted May 7, 2020 at 4:00 am.
(0:57) Moiz introduces Paul Tran, the CEO and founder of Manscaped, founded in 2016. Manscaped sells grooming products
Paul discusses the ages and gender of Manscaped’s customers
Paul talks about the lack of options in the pubic grooming space for men. Manscape capitalized on a white-space
What goes into creating the actual products (the “Lawnmower”). Manscaped sees itself as both a hardware and software company
All marketing, development, etc. are done inhouse at Manscaped. No agencies are used. They want to be super knowledgeable about all aspects of the business. Has 72 employees.
Paul reveals the origins of Manscaped’s marketing and branding
Paul talks about the challenges of scaling outside of Facebook and Google
Getting the messaging right and the initial growth of Manscaped.
Which messaging didn’t work initially?
Paul talks about the importance of running your marketing.
How to succeed being bootstrapped and the issues with raising venture too early.
What does Manscaped’s acquisition channel mix look like today?
Paul explains how roles are organized at Manscaped and the importance of hiring.
What are failures Manscaped has run into?
Paul talks about the move into brick and mortar.
There is a certain amount of seasonality in DTC, Paul explains when they see the biggest bumps.
Paul discusses using influencer marketing and how to get the most out of it. Paul suggests avoiding micro-influencers since you get limited data from them?
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Show notes
(0:57) Moiz introduces Paul Tran, the CEO and founder of Manscaped, founded in 2016. Manscaped sells grooming products (3:25) Paul discusses the ages and gender of Manscaped’s customers (5:40) Paul talks about the lack of options in the pubic grooming space for men. Manscape capitalized on a white-space (9:10) What goes into creating the actual products (the “Lawnmower”). Manscaped sees itself as both a hardware and software company (13:40) All marketing, development, etc. are done inhouse at Manscaped. No agencies are used. They want to be super knowledgeable about all aspects of the business. Has 72 employees. (16:05) Paul reveals the origins of Manscaped’s marketing and branding (22:10) Paul talks about the challenges of scaling outside of Facebook and Google (29:20) Getting the messaging right and the initial growth of Manscaped. (33:40) Which messaging didn’t work initially? (36:18) Paul talks about the importance of running your marketing. (38:00) How to succeed being bootstrapped and the issues with raising venture too early. (44:50) What does Manscaped’s acquisition channel mix look like today? (47:55) Paul explains how roles are organized at Manscaped and the importance of hiring. (53:10) What are failures Manscaped has run into? (57:12) Paul talks about the move into brick and mortar. (58:18) There is a certain amount of seasonality in DTC, Paul explains when they see the biggest bumps. (59:55) Paul discusses using influencer marketing and how to get the most out of it. Paul suggests avoiding micro-influencers since you get limited data from them? (1:03:40) What is your (Paul’s) goal with the business? Paul thinks about creating a multi-generational business instead of one built solely for being acquired. See acast.com/privacy for privacy and opt-out information.