International Vapor Group (IVG) is a high growth start-up and marketer of electronic cigarettes. They saw an opportunity in this dynamic and fast-growing industry to get traditional tobacco smokers to quit for a “smarter” alternative.
Their primary business model was Direct To Consumer (DTC) and B2C with a good traction but they needed to scale quickly to ensure sustainable growth. One proven way to grow organically is through innovation. To resonate with consumers today, a product needs to appeal to them by satisfying their needs and wants such as offering a great experience, and meeting or exceeding consumer expectations.
Hence, we developed and launched Vaporfi, a new brand which offers customization and personalization and consequently became the #1 brand in the portfolio.
Discovery
Research and market segmentation based on consumer behavior has shown that there was an evolution in the electronic cigarette market. As the consumer became more educated, there was a shift from “newbi“ vapors to a more technically advanced vapor. A shift from the so called cig-a-like e-cigarettes to a more sophisticated tank system that provides the user with more freedom regarding flavor, nicotine strength and configuration.
``In order to differentiate us from the competition, we had to look at the core brand values and what the brand stands for.``
Everything starts with a meaningful and ownable value proposition!
CLIENT:
InternationalVaporGroup, Inc
CATEGORY:
Electronic Cigarettes