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Beyond Beauty: the business of beauty

Navigating Beauty Industry Shifts with Allison McNamara: Strategies for Growth, Community, and Beyond

18 Jan 2024

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Show Notes In this episode of the Beyond Beauty podcast, host interviews Alison McNamara, founder of Mara Beauty. Alison recounts her transition from media to beauty entrepreneurship, drawing on her family's industry background. She discusses Mara Beauty's ocean-inspired, algae-infused skincare line, emphasizing clean, sustainable practices. Alison shares the growth challenges, from product launches to retail expansion, and the strategic financial management that allowed her to avoid external funding. The conversation also covers the impact of the pandemic on business growth, the high costs of digital customer acquisition, and a preference for traditional marketing and community engagement over online advertising. Alison looks forward to new product categories and retail opportunities. About Allison McNamara Allison McNamara is the Founder and CEO of MARA, an algae-based clean skincare line sold at Sephora, credo, goop, Bluemercury, Revolve, Detox Market, and internationally at Cult Beauty. Launched in 2018 with just one product, Universal Face Oil, and loved by celebrities like Hailey Bieber and Chrissy Tiegen, MARA has expanded to multiple categories, all well keeping the proprietary algae blend at the forefront. Timestamps: Alison's background and transition to beauty (00:00:49) Alison's extensive media and hosting background and her decision to transition to the beauty industry. Inspiration behind launching Mara Beauty (00:02:06) Alison's journey from media to beauty, her inspiration for starting Mara Beauty, and the challenges she faced. Algae as a key ingredient (00:05:38) Alison's family background in skincare, the inspiration behind using algae in her products, and the benefits of algae. Learning to become a founder (00:03:12) Alison's transition from media to entrepreneurship, the challenges she faced, and the skills she had to develop. Building the team and navigating growth (00:10:41) Alison's approach to building her team, the initial hires, and her role in operations and decision-making. Managing a business while working full-time (00:14:43) Alison's advice for managing a full-time job while launching a business, time management, and making sacrifices. Impact of the pandemic on the business (00:16:20) The impact of the pandemic on the workflow, growth of the company, and the creative work produced during that time. Acquisition Strategies (00:18:26) Discussion on the changing landscape of digital ad buying, increased costs, and the shift towards focusing on lifetime value of customers. Retail and Online Strategy (00:19:54) Emphasis on investing in retail partnerships, updating DTC strategies, and moving away from digital ad buys due to customer fatigue. Challenges of Digital Advertisements (00:22:06) Conversation about the impact of ad saturation on platforms like Instagram and the introduction of ad-free subscription services. Innovative Distribution Channels (00:24:02) Exploration of alternative retail co-ops and the need for novel ways to engage customers due to traditional forms not performing well. Fostering Customer Relationships (00:25:04) Focus on community engagement, special rewards for top customers, and shifting towards hosting community events instead of influencer-focused activities. Engaging Communities on Alternative Platforms (00:27:32) Discussion on leveraging platforms like Reddit and other community engagement channels for brand interaction and feedback. Future Product Launches (00:29:30) Insights into upcoming product launches, expansion into more Sephora doors, and experimentation with a new category for the brand's growth. This podcast is produced by the team at Dillie: a marketing agency with a niche focus on beauty and personal care brandshttps://dilliecreative.com/

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