Marci Weisler (no relation, though we tried to figure it out),
Chief Commercial Officer, Vengo Labs, works for a uniquely situated company in
the out of home space. Billed a, “retail and marketing tech company that is
reimagining how brands connect with consumers,” Marci noted that this
technology “bridges the gap between digital and real world experiences by
combining retail with DOOH media and product sampling.”
Vengo is actually a network of over 1200 mini interactive
digital vending machines at gyms, hotels, colleges and corporate locations in
major DMAs. Future plans include expanding into retail stores. The company
offers a consumer the ability to sample products from personal tech (headphones
and chargers) to beauty and wellness, to CPG and non-perishable food.
While Marci believes that Vengo is unique in the combination
of retail, DOOH media and trackable product sampling, their competitive set
varies by product category. In fact, Vengo sees them as potential partners such
as in the following categories:
Ø
Sampling--in-store reps handing out samples,
sampling companies like Birchbox, sampling-only kiosks.
Ø
DOOH Media--other networks and media.
Ø
Retail/vending--Zoom Systems, micro-markets
The retail ecosystem changing, she noted, with consumers spending
less time in brick and mortar stores and making purchasing decisions
everywhere. “Vengo meets consumers at
contextually relevant times in their day, aligning product availability with
the time they need them most. For
example, in the gym locker room they can purchase headphones or trial a new
beauty product, while seeing an ad for a new wellness supplement. We are also
working with retailers to enhance the in-store experience and drive engagement
at the point of sale,” she added.
Vengo is also going cross platform with connections to mobile
devices through geo-fencing as well as marketing initiatives such as mobile
coupon codes redeemable at Vengo, or sampling opportunities that require taking
a quiz and giving your email address to get a free sample which can then result
in another coupon code to use for next retail purchase of the product.
But there are challenges. She explained that with a big
hardware component, there are challenges expanding the network (as opposed to
building traffic to a web site or mobile app), “but now that our network has
surpassed over 1200, we are ramping quickly. We also have a size constraint since our machines
are compact and take only two square feet of wall space, but our ex-aerospace
engineering team has maximized the ability to put a high quantity of product
into a small space.”
Advantages include the ability to engage consumers
digitally--whether through sampling or interactive DOOH media, collect
actionable marketing data to convert “trailers” to buyers and drive product
trial and calculate ROI on sampling programs. “For retailers we provide retail
tech solutions that make shopping in-store fun and compelling--and provide
metrics-based sampling programs that drive in-store purchase,” Marci stated.
And what she terms as, “critically
interesting” is Vengo’s ability to “tie attribution to sampling which never
existed before. For that reason we got a major investment from Arcade
Beauty,, the world's leading manufacturer of beauty samples and are working to
reimagine the space for brands and for retailers. We've got some exciting
campaign results,” to be released in the possible future.
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