From the desk of Miles Everson: Hi! I hope you are all well and ready to welcome another great week! Let’s start the new week by diving into one of our “Marketing Marvels.” Every Monday, we highlight outstanding individuals from whom we can learn interesting and helpful marketing and business insights. Today, let’s take a deep dive into one of the people who made parenting much more bearable for many Americans! Continue reading to learn how this “Marvel” made the unglamorous business of parenting easier for mothers and fathers. |
Parenthood is full of challenges and struggles. Here’s how this “Marvel” made it bearable. Parenting is fraught with many challenges, sleepless nights, and lots of time spent being anxious. Raising a child, especially one that’s been recently born, is no easy task and that’s why parents must do everything they can to make everything as comfortable as possible. They are also under the pressure of making sure their newborn baby is okay medically. While this early phase of parenthood is bearable for the most part, it’s mostly unglamorous and challenging, especially for mothers who typically bear the brunt of the responsibilities. Given that millions of babies are born each year in the U.S., it would be reasonable to assume that mothers and fathers have access to products that would make parenting so much easier. Unfortunately, this wasn’t always the case. You see, more than a decade ago, parents were underserved in the baby products department. Products like pregnancy pillows, nasal aspirators for babies, and nebulizers for toddlers were inaccessible, if not totally nonexistent. Eventually, something had to change… That’s why in 2014, this “Marvel” started Frida, a company dedicated to helping new parents navigate the realities of parenting. More than a decade since its founding, the company is now a recognizable name in the postpartum recovery and baby products segment. The person behind this success? Chelsea Hirschhorn! Hirschhorn’s foray into the baby products market began when she was given a Swedish-made nasal aspirator meant to reduce mucus buildup in the nose of babies. The gift came from her neighbor, who at the time was looking for someone to take over her business. Initially, Hirschhorn was not interested in acquiring the business since she was still an attorney for a professional sports team at the time. However, she changed her decision after she gave birth to her son. This eventually led Hirshhorn to use the product she received from her neighbor, and she realized how useful the nasal aspirator was. Once she saw how nifty the product was to parents like her, she decided to buy the company from her neighbor and focus all her attention on making it a profitable and widely known company. Thus, Frida was born. After acquiring the company, Hirschhorn rebranded the business with catchy slogans that would attract the attention of new parents. She also started with just 3 employees. Fast forward to over a decade, Frida has launched over 100 products to help parents navigate the challenges of parenthood. More importantly, offerings were created to help mothers with the transition through the fourth trimester into motherhood. As of now, Frida claims it holds over 70% of its main category and its products can be found in over 50 countries and over 40,000 stores throughout the U.S.—be it e-commerce, groceries, chain drug stores, and specialty stores. Simply said, Hirschhorn transformed a company that only sold nose aspirators for babies into a giant that sold products that catered to the diverse needs of parents from bathing needs, grooming needs, oral care, first aid, gas relief, and even fertility and pre- and post-pregnancy relief products for mothers. That is quite a leap! So, what were Hirschhorn’s keys to success? First, she identified and understood the unmet needs of her customers . Hirschhorn took notice of the fact that parents like her needed products that would help them take their newborn babies better. By using this knowledge, she was able to come up with solutions that solved pain points and fulfilled unmet needs. … but it’s not enough to just create products that fulfill unmet customer needs. Knowing how to market to customers plays a crucial role too —something Hirschhorn understood well as she worked with her team and partners to craft content that would organically draw attention from Frida’s target customers. She also made it a priority to actively cultivate customer loyalty through community building and develop brand authority by getting product testimonials not only from customers but also from members of the pediatric, obstetric, and gynecological communities. Last but not the least, one of the biggest factors that led to Hirschhorn’s success was her immense drive to continuously innovate . In an interview, she highlighted that Frida’s innovation philosophy involved prioritizing efficient upgrades to outdated solutions. She said that in the highly competitive baby products market, simplicity and efficiency were key in product development since it was easy to overcomplicate things when innovating offerings. Taking these factors into account, it’s no surprise that Hirschhorn was able to build a strong company in just over a decade. Clearly, she’s set to continue Frida’s dominance for years to come. In a time where market segments are oversaturated and companies have to face uncertain business prospects, Hirschhorn stands as a beacon to take inspiration from. Her willingness to cultivate customer loyalty and constantly innovate is what sets Frida apart from its peers. So, if you’re someone who seeks to set yourself apart from your competitors, draw inspiration from Hirschhorn’s story! Hope you’ve found this week’s topic interesting and helpful. EXCITING NEWS AHEAD The world of work has shifted, and there’s no going back. The barriers to entry have never been lower for talented professionals to work independently, and today’s massive external workforce is hardly a pandemic-produced fad. Business owners can only survive in the new work landscape by partnering with this deep talent pool. With decades of experience in both small-business entrepreneurship and executive management at PwC, I truly believe that the future of work is independent. 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CEO of MBO Partners and former Global Advisory and Consulting CEO at PwC, Everson has worked with many of the world's largest and most prominent organizations, specializing in executive management. He helps companies balance growth, reduce risk, maximize return, and excel in strategic business priorities.
He is a sought-after public speaker and contributor and has been a case study for success from Harvard Business School.
Everson is a Certified Public Accountant, a member of the American Institute of Certified Public Accountants and Minnesota Society of Certified Public Accountants. He graduated from St. Cloud State University with a B.S. in Accounting.