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CVS

boring retail aisle reference

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In the moments

2 linked receipts
Idea

Use the FSA Store as a D2C acquisition channel for boring health products

Steph Smith points to fsastore.com — where millions of high-intent shoppers rush to spend expiring pre-tax FSA money — as an acquisition house for reinvented versions of boring health products like Welly Band-Aids.

And so what I found interesting about this is there's all these other kind of product lanes that you can just like walk down and CVS or something like that and be like, oh, that's boring. That's boring. I haven't seen that reinvented. And actually one of, um, people have probably heard of Eric Ryan. He's the founder of Welly, but he's also done Ollie Gummies, which people are probably familiar with, and Method Soap. So he's basically doing this, but I think there's a lot more room for other people to do the exact same thing and use the FSA Store as almost this like really interesting acquisition house for your store.

Steal thisPick a boring health-aisle category, build a beautiful D2C brand around it, and acquire customers through fsastore.com's expiring-money rush.

EP 208 · 2:32 · STEPH SMITH
Read at 2:32
mfmindex.com№ 0208-152
Idea

Script Relief: get paid by pharmacies for sending them coupon traffic

Sam describes Michael Loeb's Script Relief: a site where users grab discount codes for pharmaceutical drugs and redeem them at pharmacies like CVS, with the business paid for driving that pharmacy business.

But basically what you do is you go to the website and you can get discounts off of your pharmaceutical drugs. And so like if you want to buy, if you have Xanax or some type of acne medicine or something like that, somehow they get access to these Deals, and you use that coupon code at CVS and you get a discount, and it's paid for sending CVS business.

Steal thisAggregate consumer demand for a discount, then charge the merchant for the traffic you route to them.

EP 64 · 28:52 · SAM
Read at 28:52
mfmindex.com№ 0064-1732