‘Normal’ eCom rules, don’t apply.
I tend to look at brands growth through the lens of eCommerce. Given my role at Space & Time, that should not come as a shock to anyone.
Reflecting on the last decade, growth in eCommerce was relatively straightforward. Find an audience. Build a media strategy. Improve conversion rates. Increase spending to scale and increase brand demand to take a greater share of the effort, while retaining an edge over the competition’s paid strategy.
At Home Healthcare is somewhat different.
At Home Healthcare sits at the intersection of commerce, regulation, trust and personal wellbeing. The tactics that accelerate growth in fashion or homewares, for example, can become liabilities when consumers are making decisions about their bodies, their health outcomes or their long-term quality of life, for themselves and their families.
That reality is becoming even more pronounced as we become increasingly aware and have access to the wide variety of health solutions that can support or desire for ‘living better’.
Consumers are more informed than ever. Regulators are paying closer attention to health claims, advertising and patient safety. Search engines are scrutinising health content more aggressively. Competition is increasing. And customer acquisition costs continue to rise.
Yet despite these challenges, we’ve been working with some health brands who are achieving remarkable growth.
Not because we’ve discovered a new marketing channel or improved efficiency by the addition of AI to account optimisation, but because they’ve fundamentally changed what they mean by ‘scaling’.