Disruptive Business Models: The Genius Behind Liquid Death and Flexport
Hatched by Glasp
Jul 12, 2023
3 min read
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Disruptive Business Models: The Genius Behind Liquid Death and Flexport
Introduction:
In the ever-evolving world of business, innovative and disruptive business models are constantly emerging. Two such models that have gained considerable attention are Liquid Death and Flexport. Despite operating in different industries, both companies have successfully challenged traditional norms and found unique ways to generate revenue. In this article, we will explore the origins of their ideas, their marketing strategies, and the actionable advice we can draw from their success stories.
The Origins of Liquid Death and Flexport:
Liquid Death, a canned water brand, was born out of founder Mike's observation at the 2008 Warped Tour. He noticed that bands preferred drinking water while performing but had to resort to energy drink cans for visibility. This sparked the idea of creating water that bands would actually enjoy being seen drinking. On the other hand, Flexport, a digitally enabled freight forwarder, was founded by Petersen after his experiences in the ecommerce industry and the need for a more efficient logistics solution. Flexport aimed to revolutionize the shipment process by providing end-to-end visibility and streamlining communication.
Marketing Strategies:
Liquid Death's marketing strategy revolves around giving a mundane product like water an edgy and relatable brand image. Instead of simply highlighting the features of their water, they focus on creating a "human brand" that resonates with their target audience. This approach has allowed them to stand out in a crowded market and gain a significant following on social media. Flexport, on the other hand, differentiates itself through its comprehensive software solutions. By digitizing supply chain processes and offering real-time tracking and communication, Flexport provides unmatched transparency and efficiency to its customers.
Proving the Concept and Hacking Attention:
Both Liquid Death and Flexport employed unique methods to validate their concepts and capture attention. Liquid Death shot a commercial and invested in paid Facebook ads to test the market's response. Within three months, they surpassed Aquafina in terms of Facebook followers and garnered millions of views on their ad. Flexport, on the other hand, capitalized on the ongoing trade wars between China and the United States to expand its business rapidly. They built more warehouses and introduced features that allowed customers to reroute shipments to avoid tariffs. Additionally, Flexport launched Flexport Capital to provide financial solutions to shippers affected by tariff wars.
Actionable Advice:
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Focus on branding: Take a page out of Liquid Death's book and invest in creating a strong brand that connects with your target audience. Your product may be mundane, but a compelling brand story can make all the difference.
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Embrace technology: Like Flexport, leverage technology to streamline processes, enhance transparency, and provide real-time tracking and communication. Embracing digital solutions can revolutionize traditional industries.
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Seize opportunities: Keep an eye out for opportunities to capitalize on market trends or disruptions. Flexport's response to the trade wars and Liquid Death's creative marketing strategies demonstrate the importance of adapting to current events and leveraging them to your advantage.
Conclusion:
The success stories of Liquid Death and Flexport highlight the power of disruptive business models and innovative thinking. By focusing on branding, leveraging technology, and seizing opportunities, these companies have carved a niche for themselves in their respective industries. As aspiring entrepreneurs and business professionals, we can learn valuable lessons from their journeys and apply actionable advice to our own ventures. Whether it's reimagining a product or revolutionizing an industry, these stories inspire us to think outside the box and challenge the status quo.
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