Today I’m chatting with the founder of Canadian skincare brand Indeed Labs.
Founded in 2010 Indeed labs has grown into an 8 figure business under the helm of Dimitra Davidson. We chat through the importance of finding your unique value proposition and why it’s critical to find a point of difference in today’s saturated market, current trends and opportunities in the beauty industry and how to create luxury products without the price tag.
Indeed Labs is the champion of great skin for real people, most known for their hero cult product Nanoblur.
The Secret Sauce: Finding Your Unique Value Proposition
So, what’s the magic formula behind Indeed Labs’ success? Dimitra emphasizes the importance of finding your unique value proposition. In today’s crowded beauty landscape, it’s crucial to carve out a point of difference that speaks directly to consumers. Dimitra’s approach has always been about being honest with customers, delivering real results, and making sure they feel connected to the brand.
With the launch of their hero product, Nanoblur, Indeed Labs made an instant impact. This innovative product delivers visible results in no time, something that was rare in the market. Dimitra recalls how they made bold claims and spoke to consumers in a way they hadn’t experienced before, all while sporting bright and colorful packaging that caught the eye. This strategy was a game-changer, creating a buzz that helped them stand out right from the get-go.
Innovating for the Modern Consumer
Creating something genuinely different is at the heart of Dimitra's philosophy. She believes that innovation is key, and that means being willing to take risks. “You’ve got to take a chance,” she advises. By introducing products that are truly unique, Indeed Labs has positioned itself as a leader in the skincare space.
But how does Dimitra decide which products make the cut? “You have to have a crystal ball,” she jokes. In reality, she stresses the importance of understanding the market and having a clear model in place. Financial accountability is essential for any brand looking to sell multiple units. It’s not just about creating a beautiful product; it’s about ensuring quality and integrity that consumers can trust.
Embracing Learning Over Failure
One of the standout lessons from our chat was Dimitra’s mindset towards setbacks. She doesn’t view failure as a dead end; instead, she sees it as an opportunity to learn and grow. “If it doesn’t work, then you just have to try something else,” she says. This positive approach to challenges has undoubtedly contributed to her success and the evolution of Indeed Labs.
In a nutshell, Dimitra Davidson and Indeed Labs are proof that you don’t need to charge a fortune to create luxurious skincare products. With a commitment to innovation, a strong connection to consumers, and a mindset geared towards learning, they’ve built a brand that resonates with real people. So, let’s embrace the beauty of smart skincare choices and get ready to glow without the hefty price tag!