Homepage / Technology / How Rodan + Fields bought back their company and topped $1 billion in sales
Menyelami Dunia Slot Thailand: Keseruan dan Peluang Kemenangan Besar Menyelami Dunia Slot Thailand: Pengalaman Bermain yang Tak Terlupakan Brit Cam Place — Singles From British Look For Pleasant Companions And Dating 1xbet Registration ᐉ 1xbet Sign Up برنامج المراهنات الرياضية تحميل التطبيق العميل Eg 1xbet Com 1xbet Apk 1xbet للموبايل حمل تطبيق 1xbet لأنظمة أيفون و أندرويد 1xbet مصر Eg 1xbet Com قم بتنزيل 1xbet على جهاز الكمبيوتر ، وكيفية تنزيل تطبيق سطح المكتب على جهاز الكمبيوتر Najlepsze kasyna bez depozytu 2025 Promozioni effettive di 22Bet in Italia Отзывы о казино Stake от реальных игроков 2025 о выплатах и игре Cassinos legais no Brasil: novas regras e melhores sites 1xbet 보너스 받는법 및 출금 롤링조건 등 사용법 총정리 온라인카지노 Kr Your Current Reliable Partner Regarding Tent Manufacturing Online Kaszinó Játékok És Élő Kaszinó Játékok En Güvenilir Canlı Bahis Empieza Casino Sitesi Игровые Автоматы На мнимые Деньги Играть Онлайн В Лучшие Слоты Find the right person: tips for effective singles dating over 60 Gamification : la limite entre jeu vidéo et casino en ligne se brouille Ufc 302 Gdzie Oglądać Za Darmo I Na Żywo? 2 06 24 ‎Casino ua online casino club on the App Store 1xbet تسجيل الدخول للجوال قم بتسجيل الدخول إلى حساب 1xbet الخاص بك “원엑스벳1xbet 프로모션 코드 2024: Jbmax Vip! Sweet Bonanza Ücretsiz Demonstration İle Oyun Deneyimi Verde Kaszinó: Új Kaszinó Oldal Rendkívüli Bónuszokkal! Türkiye Casino Sitelerinin Adresi 2024 En Iyi Türk Online Casino En Güncel Ve Güvenilir On Line Casino Ve Bahis Sitelerinin Adresi 2024 Listesi 1xbet 모바일 앱-어플 2024, 버전, 다운로드, 설치, Ios, 안 Diocesan Development Services To The Particular North Karamoja Dds-n Sai Dwaraka In Nessun Caso Tours & Travels Pin-up On Line Casino Türkiye En İyi Canlı Casino Oyunları Ve Slot Makineleri Strategies for making a bisexual woman feel very special and loved Diamond Casino Heist The Big Disadvantage Walkthrough Play 17, 800+ Cost-free Us Online On Line Casino Games No Get” Jouez au casino en ligne numéro un dans le monde 1xbet Login Guide » The Way To Sign Inside To Your 1xbet Account 2024 Better United kingdom Casinos One Undertake Credit card 1вин Бесплатно нет Регистрации Играть и Игровые Автоматы 1win Top Tips For Just How To Beat Slot Machines: Become A New Winner! 원엑스벳 도메인 주소 1xbet 우회접속 가입방법 안내 토크 Deneme Bonusu ile Ücretsiz Oyun Deneyimi Bahis Dünyasında Sıkça Yapılan Hatalar ve Çözümleri 1win Мобильное Приложение На Ios И Android бесплатно Скачать Ücretsiz Slot Oyunları Silvergames’te Çevrimiçi Oynayın ️ Επίσημη Ιστοσελίδα Στην Ελλάδα Casino Bahis Siteleri Ara 2024 Yasal Casinoların Listesi ️” Türkiye’nin En İyi Bahis Şirketi Ve On-line Casino 짱구카지노 공식 평생 도메인 주소 Demo Slot Sweet Bonanza’yı Oynayın: Arkadaşlarınızla Eğlenceli Anlar Yaşayın Meet sexy milfs who’re selecting fun 1вин Игровые Слоты Казино Играть Бесплатно Без Регистрации 1вин Игровые Слоты Казино Играть Бесплатно Без Регистрации لماذا يجذب كازينو 1xbet كبار اللاعبين المصريين؟ 1xbet 독점 프로모션 코드 2024년 1월: Xnumxxcompletesports 1xbet 독점 프로모션 코드 2024년 1월: Xnumxxcompletesports

Taya365 Casino Login⁚ A Comprehensive Guide

Isle Gambling Establishment Hotel Black Hawk Now Under Horseshoe Brand, Changes Label” Top True Money Casino Apps For 2025: Twelve Best Online Casinos Resmi Sitesi Çevrimiçi Oyna, Para İle Oyna 6 Ways To Start An Online Casino تنزيل تطبيق 1xbet قم بتثبيت تطبيق 1xbet للهاتف المحمول Get ready for the ultimate craigslist sex experience Stake Casino Russia официальный Сайт Для Онлайн Игр И Бонусов “bukmacherskie Zakłady Sportowe Najlepsze Oferty W Ggbet Sports Welcome on ultimate dating platform for ssbbw lesbians 1вин Казино ᐉ Вход а Регистрация На 1win Официальный Сайт 1win Encouraged Bonuses As Well As How To Work With Them In Bangladesh 1win Encouraged Bonuses As Well As How To Work With Them In Bangladesh 1win: Spor Bahisleri Ve Internet Casino Bonus 500% Glory Casino On-line ️ Play With The Authorized Web Site In Bangladesh Тотал В Ставках На Спорт%3A не Такое И только Рассчитать Ставка Tv Mostbet Türkiye: En Iyi Oranlar Ve Spor Bahisleri Καζίνο Και Στοιχηματική Σε Έναν Ιστότοπο “1xbet App 1xbet Cellular ᐊ تنزيل 1xbet Apk Android و Iphone ᐊ 1xbet Com Get started on mature sex dating sites now “horseshoe Casino Baltimore Wikipedia Judi Online, Kenali Bahaya, Ciri-Ciri Kecanduan, dan Penanganannya Cassino Apresentando Bônus De Boas-vindas: Veja As Opções Disponíveis Casino Mostbet ᐈ Oficiální Stránky Online Kasin V České Republice Casino E Apostas Desportivas No Brasil Bônus 5000 Brl No Depósito Entrar Beginner’s Explained Casino Wagering: Tips & Strategies Beginner’s Explained Casino Wagering: Tips & Strategies Лучшие Букмекерские Конторы Онлайн Рейтинг Бк 2024 “Slot Machine Nedir? Türkiye’deki Çevrimiçi Slot Rehberi Keep Everything You Win At Usa No First Deposit Casinos “roleta Online Jogos De Roleta Virtual » Betfair Casino Лучшие Онлайн Казино Рейтинг Топ 10 Для Игры На 2024 день” 1xbet 보너스 사용법 알아보기 메인 계정과 보너스 계정의 차이 코리아벳 برنامج المراهنات الرياضية تحميل التطبيق العميل Eg 1xbet Com Коэффициенты Букмекеров%3A Что Такое же Как Рассчитать в Ставках На Спорт Лучшие Букмекерские Конторы Рейтинг Букмекеров Топ Бк 2024 Онлайн Ставки на Спорт Лучшие Букмекерские Конторы Рейтинг Букмекеров Топ Бк 2024 Онлайн Ставки на Спорт Mostbet Türkiye Çevrimiçi Kumarhane Mostbet Casino “топ Приложений Для Ставок На Спорт 2024%3A Букмекеры На Android И Ios “How To Play Roulette: Rules & Betting Как 1win Обзор Удовлетворяет Разнообразные Потребности Пользователей Os 15 Melhores Sites De Apostas Esportivas Gates of Olympus’ýn Slot Oyunlarýnda En Büyük ve Çarpýcý Ödüller Gates of Olympus ile En Ýyi, Karlý ve Avantajlý Kazanç Fýrsatlarý Gates of Olympus’ýn En Popüler ve Ödüllü Makineleri Největší Image Hazardu V Evropě: Proslulé Kasino Versus Monte Carlu Láká Na Neobyčejnou Atmosféru” Jak znaleźć legalne kasyno online? Mostbet Tr Resmî Net Sitesinde Giriş Empieza Kayıt Olm Our Cms Play 17, 800+ Totally Free Us Online Online Casino Games No Download” The Benefits of Learning a Second Language “australia’s #1 Online Gambling Establishment Guide 2024

Technology

How Rodan + Fields bought back their company and topped $1 billion in sales

For many entrepreneurs, selling their company to a large corporation is the ultimate goal. But 10 years ago, the creators of skincare brand Rodan + Fields decided that wasn’t going to be their endgame — and now they’re sitting on a business with over $1 billion in sales.

Rodan + Fields, founded by dermatologists Katie Rodan and Kathy Fields, was acquired by Estee Lauder in 2003 for an undisclosed price, and its products were made widely available in department stores.

However, over the next few years the women said they came to believe that “retail was dying,” Fields said. So they made the risky decision to buy back Rodan + Fields and make the products available to independent contractors and online sales in 2007.

“We were witnessing this whole decline of retail and the rise of social media,” Rodan said in an interview. “During the recession was when entrepreneurs were born. People were hungry for different opportunities.”

Rodan + Fields’ products are now sold through 200,000 independent consultants using a marketing strategy that encourages salespeople and customers to promote the products through social media. Their most valuable tool is the selfie — before and after — which shows the effectiveness of the products on regular people.

“Everything in Rodan + Fields is run on your smartphone,” Fields said. “We don’t use the regular marketing and advertising.”

The company hit $1 billion in sales in 2016 and has continued to grow. It was the top-selling skincare brand of last year, according to Euromonitor.

Rodan and Fields met at Stanford during their medical residency in 1984 as they were studying to be dermatologists. Someone had advised them to “get a hobby or you’ll be doomed to treating acne and warts,” Fields said. But skincare was their passion and their hobby.

“There’s an incredible link between self-esteem and the quality of people’s skin,” said Rodan. “When you look good, you feel good.”

The two decided to focus on combating acne and skin discolorations, and created their famous preventative acne product Proactive in 1995. That was sold through direct marketing company Guthy-Renker, which joined with Nestle to buy the remaining rights to the product’s royalties in 2015. Rodan and Fields were paid a lump sum estimated at $50 million at that time according to Forbes.

The women launched the Rodan + Fields line in 2002, for products like anti-aging regiments, sunscreens and blemish removers. At first they sold those items at Los Angeles boutique Fred Siegel. But after finding it hard to gain traction from just one store, they sold to Estee Lauder the following year.

By 2007, the market had changed and the entrepreneurs saw an opportunity. As department stores were on the decline, the internet was presenting new avenues to sell and novel ways to promote.

“We started thinking, ‘We’re giving 50 percent of the margins to the department store, where the department store is only giving up some shelf space,'” Rodan said. “We should be giving those margins back to the people who use the product, love the product and want to talk about the product with their friends on social media.”

Then came the iPhone. Rodan and Fields saw that the popularity of selfies combined with social media made for free and authentic advertising. They encouraged their customers to take before-and-after pictures and even included a picture of a camera on product boxes.

“You can’t ask for better marketing,” Fields said. More recently, “Instagram is just a rocketship for the product,” she said.

It’s rare — though not unheard of — for founders to repurchase their business. When its your name on the brand and the brand is struggling, sometimes the creators are the only ones who can revive it.

“Once you buy back your business, you have a difficult but exciting road ahead of you,” Fields said. “If you believe in your product, you will see it through to the end.”

Source: Tech CNBC
How Rodan + Fields bought back their company and topped billion in sales

Comments are closed.