Conquering the Lip Balm Market

Before EOS entered the market, lip balm was not a very sexy product. No one talked about the latest flavor or collector design that they recently purchased. In fact, most didn’t talk about it at all other than, perhaps telling a friend, “you need some Chapstick.” The brand Chapstick had become ubiquitous with lip balm. The defining factor was, for the most part, medicated or unmedicated.

Sanjiv Mehra, Jonathan Teller, and Craig Dubitsky thought there was a huge hole in the lip balm market. Research showed that women spent a lot on lip balm and that it was a part of their daily routine, but most found nothing interesting about it. EOS lip balm set out to stand apart from the oversaturated market with a lip balm by bringing joy to its user.

EOS hired a clay artist to model different shapes. “We were trying to make the product as imaginatively as possible,” Teller told Fast Company.

To continue to compete with the industry leaders, EOS innovated with flavors and partnerships. Collaboration with Keds produced an EOS shoe that sold on Racked with a matching lip balm. The Alice in Wonderland collection in partnership with Disney sold out within days and can still be found for sale on eBay at collector prices.

Yet, the product remains the same. EOS is still able to innovate without becoming a gimmick. If they can continue to bring joy to their customers each season, they may even outlast Chapstick in the lip balm world. Or at the very least; longer than the Mint Chapstick stuck in your car cushions.

EOS Facebook: https://www.facebook.com/eos/

 

Author: CDG1976

1 thought on “Conquering the Lip Balm Market”

  1. The organizers looked for a shape that would stand separated from the market, be anything but difficult to discover in a handbag, and feel great in the hand. “We needed to do it in a way that was not gimmicky, so it would stand the trial of time,” Mehra included. It is outstanding to note that australia writing may have everything that they would have required of them which isn’t what the others may have hoped to achieve and it is quite necessary that it gets their attention too.

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