The Power of Brand Focus and Niche Markets with Rob Fraser

02/06/2025 34 min Temporada 1 Episodio 5

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Episode Synopsis

From Socks to Scale: How Outway Doubled Revenue and Cracked U.S. GrowthRob Fraser, founder of Outway, joined In the Money to break down how a $20 sock brand became a fast-growing eight-figure business. Key takeaways:AOV & LTV Optimization: Though socks are a low-price product, Outway lifts average order value through multi-pair purchases and creative upsells (like $10 mystery pairs). LTV is strong — ~50% of sales come from repeat buyers, with many returning within 30 days.Focus Beats Expansion: After dabbling in other categories (underwear, sunglasses), Rob doubled down on socks — a $10B market in North America alone — choosing to deepen penetration through omnichannel rather than dilute focus.IRL Learning Advantage: Outway scaled in Canada by selling socks face-to-face at cycling events and expos. These in-person interactions helped shape positioning, merchandising, and website design — including how to manage decision fatigue with a 600+ SKU catalog.Omnichannel Playbook: Outway now sells DTC, Amazon, wholesale, and through a thriving private-label arm. Each channel serves a different strategic purpose, with DTC offering the widest catalog and exclusive drops.U.S. Breakthrough: After years of slow traction, Outway’s U.S. growth is finally clicking — up 10% MoM recently. The unlock? Clearer positioning, better Meta creative, and an unemotional data-led approach to growth.Marketing That Doesn’t Show Up in Northbeam: Outway gives away hundreds of thousands of socks through event sponsorships and brand collabs (e.g., TED, Disney). Though hard to attribute, Rob says these initiatives pay off in long-term awareness and word of mouth.Biggest Win: Hiring a fractional head of growth who helped reorganize creative, ad strategy, and conversion flow — resulting in 90% YoY growth on a sizable eight-figure base.Thanks to sponsors:More Staffing - ⁠https://morestaffing.co/mt/⁠Numeral - ⁠https://numeralhq.com/⁠Parker - ⁠https://www.getparker.com/

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