Brand doing $301,000 a month goes to SHIT
Before anything how the hell did they reach $301,000 a month?
The offer to the market was clear, they were the first one to bring this USP of "we do it better than other streetwear brands" and their Design actually resonated that
People were grabbing it for them, for their loved ones, all the extra colors, heck they were even gettin' engaged in it and sharing it on social media (went viral) the price was self justified because of the Design (mind i say Design not quality)
no. 3 is the worst thing that went wrong:
1: All their socials, their meta, pretty much all their social proof...? HACKED and deleted, it was worse enough that CVR dropped by 70% to 80% and traffic was non existent but the biggest mistake was not switching to an agency ad account quick enough (they never did)
2: When rev goes up but repeat purchase rate 2%. If you are solely dependent on new customers... NGMI. This brand had a huge issue with low RPR, Why? They didn't drop new products, idk the reason but for some reason they just didn't do drops more often (biggest money maker in fashion btw) that's not a self-brand, that's a meta's brand.
3: Biggest one: MFERS GOT LAZY AND STOP BEING SLAVE TO META, being slave only to meta is one thing, but not being consistently slave is even worse, even tho we still handled the emails very wisely, brand still got wiped out.
that's how shiet hit the fan