Kate Hudson has finally achieved her lifelong dream. Since she was a young girl, she has always dreamed of inspiring women to be the best version of themselves. This led her into acting as a career where, from the screen, she would be able to encourage women to reach out and do what beforehand was considered the impossible. While she thoroughly enjoyed this, she wanted to continue making a practical difference in the everyday lives of younger women. This led her to start her business known as Fabletics.
Fabletics is an athleisure brand that is completely taking over the market. In fact, it even has Amazon running scared. Amazon once controlled 20% of this market, but Fabletics is beginning to take that market share for itself. The reason Kate Hudson can take over Amazon’s territory with only a $250 million company is that she has employed several strategies that excel in the areas were Amazon this week.
Her main strategy through all of this has been to leverage the power of the crowd. The entire world of business has changed because of social media. Everything now seems to be crowdsourced, and if your friends are not backing something as a trusted brand, you will not enjoy the product. Kate Hudson understood this and spent time building the loyalty of her company to unknown heights. This has led to several different sites rating Fabletics for the trust score of over 95%. Customers consistently report that they can rely on Fabletics.
She began leveraging the power of the crowd by truly wanting to make a custom product for the consumer. When businesses say this, they are often referring to customizing clothes to fit one’s body. Fabletics certainly does this, but it goes beyond that. Fabletics is designed to meet your daily activity level, fit your daily routine, and help you accomplish your daily goals. Kate Hudson was able to take a product and not just customize it to your body shape; she was able to customize it to the way you live. This has garnered her much attention, and her brand has gained much loyalty.
85% of all sales come from repeat customers because she leveraged the power of the crowd. This is in addition to the products a customer receives from their monthly subscription. This points to the very simple fact that consumers are so in love with these products that they hunger for more.
Kate Hudson was able to ride the wave of loyalty and build retail stores in five states. The day they opened their doors, 50% of those entering were Fabletics subscribers. What is more interesting is that of the half those who were not subscribers, one out of every five of them became subscribers but the time the left the store. In other words, Fabletics is contagious.
To see for yourself what is so amazing about Kate Hudson’s company, go online and take the Fabletics lifestyle quiz. They will then recommend clothes that custom fit your life.