Project Overview
Palmolive embarked on a strategic expansion into the wellness segment, and we were tasked with identifying a niche opportunity for growth. After a thorough analysis of emerging consumer trends, we developed a unique product concept aimed at redefining personal care. Our collaboration focused on refining this concept into a single, meticulously crafted product vision designed to resonate with wellness-conscious consumers. The final product concept was presented to Palmolive’s leadership team as a strategic proposal, setting the stage for the brand’s entry into the wellness space. This project highlights Palmolive’s adaptability and commitment to innovation, positioning the brand to connect with a new, health-focused audience.
Objectives
- Explore the Wellness Segment: Identify growth opportunities within the wellness market and develop a product that aligns with consumer needs.
- Innovate Personal Care: Create a unique product concept that redefines personal care in a way that appeals to wellness-conscious consumers.
- Engage Palmolive’s Leadership: Present a compelling and strategic product proposal to Palmolive’s leadership team.
- Position Palmolive as a Wellness Brand: Strengthen Palmolive’s reputation as a brand committed to holistic health and innovation.
Scope of Work
Our approach included the following steps:
- Consumer Trends Analysis: Conducting in-depth research into current wellness trends and understanding how personal care can align with these needs.
- Product Concept Development: Developing a unique and compelling product vision tailored to wellness-conscious consumers.
- Refining the Concept: Iteratively refining the product idea to ensure it resonated with target consumers and aligned with Palmolive’s brand values.
- Strategic Proposal Creation: Preparing a strategic proposal that presented the product vision to Palmolive’s leadership team for approval and buy-in.
Outcome
- CPC Decrease: 41% decrease in cost per click, reflecting more efficient and targeted advertising efforts.
- CPA Decrease: 23% decrease in cost per acquisition, optimizing budget use for higher ROI.
- Increase in CTR: 37% increase in click-through rate, demonstrating improved consumer engagement with the campaign.
This project successfully positioned Palmolive to expand into the wellness segment, opening new avenues for growth and reinforcing the brand’s commitment to holistic health and innovation.