Paid Content

Dollar Shave Club CEO Explains Business Strategy

Dollar Shave Club CEO Explains Business Strategy
|

It's not easy keeping up a clean shave. This is something Michael Dubin and his business partner identified as a problem, and with their sound strategy, they've been able to solve it with their subscription service Dollar Shave Club.

"My co-founder and I had always bristled at the price and experience of buying razors at the store, and we decided that there was a better way to do it," the CEO explained. "So we launched a service that sends you your razors once a month or every other month and just found that guys fell in love with that."

To launch the brand, Dubin used his background in improv comedy to write and star in a promotional video. "Two hours after we launched it, the site had crashed, so I knew that instantly we had struck a chord," he said.

Beyond the viral video, Dollar Shave Club has built its reputation on a simple way to provide its customers with a go-to product. The difference is they do it in style. The company's razors are packaged with clever and informative messaging that leaves an impression. "We’re making the [shaving] process more affordable, convenient and fun," Dubin explained.

Dollar Shave Club is also known for its desirable work environment. Dubin takes pride in the fact that there has been little turnover since the company was founded in 2011. He stated, "Culture is built around happy people that are contributing to the mission and feel valued."

Today, Dollar Shave Club boasts 1.1 million active members. What's Dubin's advice for young entrepreneurs? "Stay focused on what’s important," he said. "There’s a lot of good ideas and there always will be, but you have to start very narrow."

Aol's BeOn group creates custom editorial content that is sponsored by marketing partners. The sponsoring partners do not exert editorial influence over the content, but may be organically integrated within content in an authentic manner that does not impact editorial integrity.

Before You Go

9 Crazy Subscription Services
Tampons (01 of09)
Open Image Modal
If buying tampons with cat food and mouthwash at the drugstore is a drag, several new start-ups are trying to make the arrival of Aunt Flo more of celebration. Hello Flo is the latest start-up to offer a monthly tampon and pad subscription for the ladies and even offers the equivalent of congestion pricing from $14 to $18 per month. It joins other startups like Juniper and Le Parcel that also send menstruation care packages. (credit:Hello Flo)
Dive Bar T-shirts(02 of09)
Open Image Modal
For the connoisseurs of beer in a can and dart boards, this start-up Dive Bars Shirt Club promises to send a tee-shirt a month from the nation's dirtiest destination dive bars for $22 per month. Pit stains not included. (h/t AdAge) (credit:https://www.divebarshirtclub.com/)
Condoms(03 of09)
Open Image Modal
Don't confuse this condom subscription with Netflix says CEO of Dollar Rubber Club. "We don't want them back." Subscribers can get three condoms per month for $1 and $10 gets you a dozen condoms per month (credit:AP)
Japanese Candy snacks(04 of09)
Open Image Modal
Candy Japan promises to send subscribers special Japanese candy twice a month for $23.95. including Pokemon gummy candies and Banana Choko. (ht/t AdAge) (credit:<a href="http://www.flickr.com/" role="link" rel="sponsored" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr" data-vars-item-type="text" data-vars-unit-name="5bb314f6e4b0480ca6643b32" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="13" data-vars-position-in-unit="13">Flickr</a>:<a href="http://www.flickr.com/photos/52580036@N07/7112590963" role="link" rel="sponsored" class=" js-entry-link cet-external-link" data-vars-item-name="TheFoodJunk" data-vars-item-type="text" data-vars-unit-name="5bb314f6e4b0480ca6643b32" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/photos/52580036@N07/7112590963" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="14" data-vars-position-in-unit="14">TheFoodJunk</a>)
Sexy stuff(05 of09)
Open Image Modal
A number of sex-positive start-ups are hoping to capitalize on the success of Birchbox (and Fifty Shades of Grey), with a naughty twist. Boink Box offers a monthly subscription services for $25-$50 per month. BlushBox also offers up-scale quarterly packages for between $50 and $100 per quarter. (credit:AP)
Shaving gear(06 of09)
Open Image Modal
A new shaving subscription service called Harry's, which has not launched yet, promises to send customers shaving cream, razors and other man-grooming gear, contrived of by some marketing guys, according to BetaBeat. It joins the Dollar Shave Club, which delivers one razor a month for between $1 and $9. (credit:Getty Images)
Socks(07 of09)
Open Image Modal
Austin start-up Sock Club was started last year and delivers subscribers a pair of fresh socks every month for $11. They are capitalizing on the alleged status sock fad that has taken over Silicon Valley, the New York Times reported.
Neck ties(08 of09)
Open Image Modal
A number of delivery services will send monthly installments of men's products from underwear to undershirts and neck ties. The newest is the New York-basedFreshNeck, which starts with $15 per month subscriptions for ties. (credit:<a href="http://www.flickr.com/" role="link" rel="sponsored" class=" js-entry-link cet-external-link" data-vars-item-name="Flickr" data-vars-item-type="text" data-vars-unit-name="5bb314f6e4b0480ca6643b32" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="2" data-vars-position-in-unit="2">Flickr</a>:<a href="http://www.flickr.com/photos/10506540@N07/3254238713" role="link" rel="sponsored" class=" js-entry-link cet-external-link" data-vars-item-name="stevendepolo" data-vars-item-type="text" data-vars-unit-name="5bb314f6e4b0480ca6643b32" data-vars-unit-type="buzz_body" data-vars-target-content-id="http://www.flickr.com/photos/10506540@N07/3254238713" data-vars-target-content-type="url" data-vars-type="web_external_link" data-vars-subunit-name="before_you_go_slideshow" data-vars-subunit-type="component" data-vars-position-in-subunit="3" data-vars-position-in-unit="3">stevendepolo</a>)
Shoes(09 of09)
Open Image Modal
Stylist Rachel Zoe and Kim Kardashian are among the names affiliated with Shoe Dazzle, which offers a subscription shoe shopping service. (credit:AP)