PowderRoom is Expanding to Include Product Co-Creation
Elena Rahman — September 8, 2021 — Business
References: cosmeticsdesign-asia
PowderRoom is a South Korean social beauty platform. Founded in 2003, it now fosters 4.4 monthly users. The K-beauty content platform is expanding its business to include e-commerce and product co-creation options. These digital opportunities will allow users to share reviews, view content, and follow groups of users with similar beauty profiles.
The e-commerce expansion consists of an application where shoppers can purchase products and access beauty-focused content in one convenient location. To encourage content creation, the brand has a rewards system in place. Chief Strategy Officer of PowderRoom, Ho-Jin Song, expressed that the company is exploring various e-commerce models such as group buying and live commerce.
PowderRoom continues its new brand development venture to power co-creation following the success of its first collection, 'Hi, I'm Yours,' launched in 2020.
Image Credit: PowderRoom
The e-commerce expansion consists of an application where shoppers can purchase products and access beauty-focused content in one convenient location. To encourage content creation, the brand has a rewards system in place. Chief Strategy Officer of PowderRoom, Ho-Jin Song, expressed that the company is exploring various e-commerce models such as group buying and live commerce.
PowderRoom continues its new brand development venture to power co-creation following the success of its first collection, 'Hi, I'm Yours,' launched in 2020.
Image Credit: PowderRoom
Trend Themes
1. K-beauty E-commerce - The expansion of PowderRoom into e-commerce allows for the creation of new and innovative ways to purchase and access K-beauty products and content.
2. Social Beauty Platforms - The success of PowderRoom demonstrates that there is a growing demand for social beauty platforms that foster user-generated content and group engagement.
3. Product Co-creation - PowderRoom's foray into product co-creation highlights the rise of co-creation as a trend that allows brands to collaborate with their audience and improve upon their offerings.
Industry Implications
1. Cosmetics and Beauty - The beauty industry can benefit from the development of social e-commerce platforms that foster community engagement and co-creation.
2. Digital Marketing - As more beauty brands turn towards digital platforms, the need for innovative marketing strategies, such as group buying and live commerce, becomes crucial in the industry.
3. Technology - The rise of social beauty platforms and e-commerce models requires advancements in technology to allow for seamless integration and engagement between user and platform.
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