Brandless Offers Common Household Goods Priced at $3 Each
References: brandless & techcrunch
Like 'No Name' before it, 'Brandless' is a CPG brand that presents itself as a company eschewing fancy packaging and marketing in favor of a wide array of common household products. However, the Brandless brand has a clever twist that separates it from its competitors. Every single product it offers costs the exact same price: just $3.
To be sure, Brandless offers products for all areas of the home, including food, kitchen supplies, beauty products, personal care products, home and office supplies, and health items. Nonetheless, the nascent CPG company can keep its products at $3 by circumventing the markups that accumulate from inefficiencies in national brands' pipelines. Further, since Brandless is in control of its production, it can increase or reduce the size of its products to keep them in line with that price benchmark.
To be sure, Brandless offers products for all areas of the home, including food, kitchen supplies, beauty products, personal care products, home and office supplies, and health items. Nonetheless, the nascent CPG company can keep its products at $3 by circumventing the markups that accumulate from inefficiencies in national brands' pipelines. Further, since Brandless is in control of its production, it can increase or reduce the size of its products to keep them in line with that price benchmark.
Trend Themes
1. Universal Pricing - The trend of offering products at a fixed price, regardless of category, presents an opportunity for companies to appeal to cost-conscious consumers and simplify pricing structures.
2. CPG Disruption - Brandless' approach of eliminating markups and controlling production presents an opportunity for disruptive innovation in the consumer packaged goods industry.
3. Simplified Branding - The trend of prioritizing functional products over fancy packaging and marketing offers an opportunity for brands to appeal to consumers seeking simplicity and transparency.
Industry Implications
1. Retail - The universal pricing trend in consumer packaged goods can disrupt the retail industry by challenging traditional pricing models and offering a new value proposition.
2. Consumer Goods - Brandless' disruptive approach to pricing and production can spark innovation in the consumer goods industry and inspire other brands to rethink their business models.
3. E-commerce - The simplified branding trend in the consumer packaged goods industry creates opportunities for e-commerce businesses to differentiate themselves by offering straightforward and affordable products.
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