Studying colourpop company

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STUDYING COLOURPOP COMPANY
Functional report for a business club at CSUF
Business club members
Course
Date
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Background about the ColourPop Company
The ColourPop is a cosmetic company established in 2014 by brother and sister, John
Nelson and Laura. At present, the corporation is two years old with a mission of changing
business of beauty forever. The founders, John Nelson and Laura, launched the business
collection with about thirty-one eye shadow shades for $5 each, and the business has grown to
involve cheek colors, lip and eye liners, and their best-seller by the name Ultra Matte Lips
(Schott, 2016).
Statistics of the ColourPop Company
ColourPop Company is situated in Santa Monica, California. The firm primarily
functions in the cosmetics within the Miscellaneous Retail Sector (MRS). The firm is in
operation since 2014 to date, two years down the line in operation. The ColourPop Company is
estimated to generate about $47, 000 as the annual revenues. Besides, the firm employs about
one people at its single location in the Santa Monica, downtown of the Los Angeles and
California State (ColourPop Cosmetics, LLC. 2015).
Marketing Strategy of the ColourPop Company
Marketing strategy is an essential aspect for the growth of an organization, and John
Nelson and Laura understood the need of identifying the best marketing strategy for their
company. They identified a strategy that could attract many customers in purchasing their
products. John and Nelson identified social media as the best place to get enough customers for
the development and success of the ColourPop Inc. since Anastasia Beverly Hills and the Urban
Decay had used the same strategy to gain their popularity (Wischhover, 2016).
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The company burst onto the Instagram with its colorful glory, thus capturing the lips and
hearts of everyone in need of the cosmetics. The beauty influencers fumed collectively about
reasonably priced products, thus leading to the conspiracy and suspicion theories that were being
popped up about the success of the ColurPop Company (Wischhover, 2016). The marketing
strategy used here to attract many customers was the reduced cost of the cosmetic products, thus
attracting many people, especially people that had seen the company’s advertisements on the
various Social Medias such as Twitter, Facebook, and Instagram.
The founders, John Nelson and Laura, made a conscious decision to market their firm,
especially through the social media with the reason of attracting many audiences. The founders
marketed their company by employing Vloggers such as Kathleen Lights and Coffee Break With
Dani with the reason of advertising the products produced by the company in their channels, and
this marketing strategy worked for the company.
Customer Services relationships
ColourPop uses different methods to achieve customer service relationships. For
example, the organization uses different communication methods to communicate with their
customers. Email is one of the adopted methods used for the communication purpose. When they
receive an email from a customer, the customer care will promptly respond to the email so that
the customer can get quick feedback, thus achieving its goals of attracting many customers due
to efficient customer care service. Also, the company learns and builds trust from their
customers, thus creating a good customer-service relationship in the company. The goal of
learning and building trust from the customers is to understand their area of weaknesses so that
they can resolve the issue as soon as possible.
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Size of the company and its goals
ColourPop started as a small company under the management of two founders, John
Nelson and Laura. However, the company has rapidly expanded overstock keepings units such as
lipsticks a period of two years, 2014-2016. For example, in 2015, the ColourPop Inc. was rated
as the fastest growing firm in the production and sales of the beauty’s hottest group, cosmetics,
and color, and the products are only sold online. The firm was established with Millennial in
mind. Currently, it has rolled out various stock keepings units such as lipsticks, blushes,
shadows, and much more cosmetics that are priced between $5 for every single item to about $40
for a kit. The founders realized that there was an opportunity, thus making them venture into the
beauty business with a goal of bringing a fast accelerated brand of cosmetics to the market as fast
as possible to get the authentic customer response (Staff, 2015). The response from various
customers would play an essential role in adjusting the needed brand to the market. This goal has
enabled the company to receive various feedbacks from different customers, and the feedbacks
are helping the company to obey the customer’s requests, thus helping in the faster growth if the
company.
Expansion inside U.S and internationally
The ColourPop is gradually expanding company within the United States, especially in
the Los Angeles City and outside the United States. The delivery of the products is completed
within 3 to 5 days for the customers residing within the United States and 10 to 21 days for the
customers residing outside the United States without the involvement of holidays and weekends.
Currently, the company is looking forward to ensuring that all their products are shipped in each
country across the world.
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Executive/sole distributors around the world
ColourPop Company has sole distributors that operate online. Once the distributors get an
order from a customer, they pack the requested product or products and ship the product or
products to the customer using the address provided by the client. The online distributors are
trusted, and they pack the products neatly and secure.
What is the next step of the ColourPop Company?
The next step of the company is to come up with a makeup set with Karrueche Tran
scheduled to be launched. According to the founders, John Nelson and Laura, the dream
collaboration of the company would be Effie Trinket from the Hunger Games (Schott, 2016).
The founders are not afraid to test with color, and every girl will rock every shade.
ColourPop competitors
The company is facing stiff competition from different cosmetic firms such as Anastasia
Beverly Hills and the Urban Decay that gained popularity from the social media pages. However,
the company is striving to look for various marketing strategies to ensure that they win the
market.
Results and the expectations for the company in future
The company is performing great with an everyday increase in the number of customers
across the world. The increase in the number of customers can be seen from the increasing
number of likes, followers, and following in the social media such as Facebook, YouTube,
Twitter, and Instagram. The company will continue to grow, thus achieving its goal of attracting
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many customers due to efficient customer care service due to its effective marketing strategies
that were identified by the founders.
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References
ColourPop Cosmetics, LLC. (2015). ColourPop Cosmwtics, LLC.: Business Description.
Buzzfile. http://www.buzzfile.com/business/Colourpop-Cosmetics,-LLC-805-487-1687
Staff, WWD. (2015). Beauty Inc. Awards: Launch of the Year. ColourPop.
http://wwd.com/beauty-industry-news/products/beauty-inc-awards-product-launch-
colourpop-nudestix-10293197/
Schott, J. (2016). Everything You Need to Know About ColourPop, the Original LipKit Brand.
http://www.elle.com/beauty/makeup-skin-care/news/a33357/colourpop-cosmetics-
instagram/
Wischhover, C. (2016). How ColourCop Became the Most Popular and the Most Mysterious
Beauty Brand on the Internet: There is Even a Conspiracy Theory Involving Kylie
Jenner. Fashionista. http://fashionista.com/2016/01/colourpop-instagram-beauty
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