Bombas Socks
In 2013, entrepreneurs Randy Goldberg and David Heath stumbled across a Facebook post that mentioned a serious need for socks at homeless shelters around the country. Sock are the #1 requested clothing item at homeless shelters. They decided to launch a sock company called Bombas. Bombas promoted for every pair of socks sold they would donate a pair to the homeless. Bombas has worked hard to develop a line of premium, high-tech, fashionable socks, between $12 and $18, that customers would want to buy.To date, more than ten million pairs have been donated. (Bombas About Us, n.d.)
Bombas is primarily involved in the clothing industry. Goldberg and Heath were made aware of the need for socks through a Facebook posting and continue to reach out via digital social media as well as radio and TV commercials. (Elizabeth Segran, 2017)
Randy Goldberg and David Heath used a mission-based model to stand out., pitched their one-for-one charitable business model on Shark Tank in 2014. (CNBC Make It, 2017) They went into the Tank seeking $200,000 in exchange for 5 percent equity. They ultimately accepted a $200k investment from FUBU founder Daymond John for 17.5 percent. Sales from the beginning were primarily online sales, Google, Amazon Prime, eBay, Bing (Bombas Socks, n.d.). The mission-based marketing is dependent on a cause that helps customers feel like they’re making a real impact. The mission based strategy was for every pair of socks sold, one pair will be donated to a person in need, and to bring awareness to homeless crisis that effects every community especially lager cities. /BOM-BAS/ derived from the Latin word for bumblebee. Bees live in a hive and work together to make their world a better place. They're small, but their combined actions have a big impact on the world. That's why their mantra is bee better, and slogan “ Better socks, Better world, Bee better, hence the Bee symbol on all their socks.
Employees from the Bombas headquarters in New York had come to donate socks. While the brand sends thousands of socks to 750 organizations around the country, they occasionally drop them off in person. It’s a great way to bond as a team, Bombas also believes it’s really important to connect with the people we are serving as a company, because it reminds us about our mission. These interactions have helped Bombas better serve the homeless. It was through the feedback they received from the community that they decided to reengineer the socks they would donate to the homeless. While regular Bombas socks have a special seam that eliminates the bump at the toe, for added comfort, the donation socks have a reinforced seam to make them more durable. The socks are treated with anti-microbial technology, so they don’t need to be washed as frequently and deter fungus. Also, these donation socks only come in black, which is more stain resistant. (Elizabeth Segran, 2017)
Bombas is trying to pave the way for other companies to have in-person giving experiences. Bombas is uniquely equipped to do this, since it has built relationships with homeless shelters and the nonprofit sector. Many companies have time and funds set aside for employees to contribute to charitable causes. Bombas has been creating ways for other brands to dip their toe into the world of social good. Bombas created an event called “60K day,” which was based on the concept than on any given night, 60,000 people in New York end up at a homeless shelter. The plan was to bring individuals from 60 of New York’s hottest companies to visit a shelter and hand out 60,000 socks. The companies included were, Birchbox, Thinx, Kind, Casper, Classpass, Harry’s, Maple, and Spring, among more established brands like Gap, LinkedIn, Shake Shack, and Kenneth Cole.
Bombas launched another program called “Skip Day,” where it invites New York-based companies to take advantage of Summer Fridays and flexible summer hours to volunteer to serve the homeless community. Bombas makes it easy for individuals at companies to jump right into the work. Employees from different companies can gather and assemble bags of products that the homeless need to get through the hot summer months, such as cold bottles of water, ice pops, and wipes. They then go out into the streets to hand these out. These visits are also reinvigorating to employees, since it puts a face to the people they are trying to help with their business. It also gives meaning to their everyday tasks–like making spreadsheets and calling suppliers–when they return to the office.
Online ratings and reviews are as follows, Bombas Socks with a 4.8 star rating. Google Express - Need Shoe Accessories. eBay (Bombas Socks, n.d.). Amazon Prime with an average star rating of 4.8, (Amazon Prime, n.d.). Clothing at JCPenney , 4.6-star rating. (JC Penny, n.d.). rockemsocks.com, Shark Week Socks - Rock 'Em Socks (Sharks, n.d.). lululemon.com, lululemon Official Site . (Women's Socks, n.d.) hollisterco.com
Hollister Co. (Shoes & Accessories, n.d.). findsimilar.com The Sock Accessories Outlet (sock accessories, n.d.)
Facebook 317 K followers, reviews are 5 star ratings on glassdoor (Glassdoor, 1028) Twitter has 12.9 K followers, joined 2011, (Bombas Socks, n.d.), Instagram shows 64.9 K (Bombas Socks, n.d.), Pinterest has only 3,092.
I believe the overall social media marketing strategy of Bombas, a buy-one, give-one brand is brilliant. Offering a high quality product with a 100 percent guarantee, and knowing your expense contributed to a worthy cause, but it was also about starting a broader involvement about homelessness, and providing a model for other companies to replicate about how to get involved with their communities. Other companies can use their own particular areas of strength to contribute in their own unique ways. Birchbox, for instance, has been donating boxes of beauty products–from shampoo to nail polish–to homeless women. Harry’s has been donating razors to people in need and funding charities that serve veterans. Shake Shack has been enlisting its staff to donate food to the hungry after work. These social media posts and activities spurred other less socially involved brands to consider how they can help.
Randy Goldberg and David Heath stumbling across a Facebook posting, passionate about working towards a great cause providing a top of the line quality product, and using one-for-one model pioneered by the shoe brand Toms, and using the power and full resources of social media. At this time, the only recommendation that I would recommend for more recognition towards their cause would be to advertise more on TV. But this type of advertising is a lot costlier than the power of the internet.
References
(n.d.). Retrieved from Amazon Prime: https://www.amazon.com/s/ref=nb_sb_ss_i_3_6?url=search-alias%3Daps&field-keywords=bombas+socks&sprefix=bombas%2Caps%2C148&crid=17YMN
Bombas About Us. (n.d.). Retrieved from Bombas: https://bombas.com/pages/about-us
Bombas Socks. (n.d.). Retrieved from Bing: https://www.bing.com/search?q=bombas+socks&qs=FT&pq=bombas&sc=8-6&cvid=A281E9CF60814D43AD63994E91F77A22&FORM=QBLH&sp=1
Bombas Socks. (n.d.). Retrieved from Instagram: https://www.instagram.com/bombas/
Bombas socks. (n.d.). Retrieved from YouTube: https://www.youtube.com/watch?v=XNr5Uh1qIeU
Bombas socks. (n.d.). Retrieved from YouTube: https://www.youtube.com/watch?v=BG2MDlfz1yU&t=9s
Bombas socks. (n.d.). Retrieved from YouTube: https://www.youtube.com/watch?v=vRHMYB4f2iI
Bombas Socks. (n.d.). Retrieved from Twitter: https://twitter.com/bombas
Bombas Socks. (n.d.). Retrieved from eBay: https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2380057.m570.l1311.R1.TR10.TRC0.A0.H0.Xbombas+.TRS0&_nkw=bombas+socks&_sacat=11
Bombas Socks. (n.d.). Retrieved from Amazon Prime: https://www.amazon.com/s/ref=nb_sb_ss_i_3_6?url=search-alias%3Daps&field-keywords=bombas+socks&sprefix=bombas%2Caps%2C148&crid=17YMN
CNBC Make It. (2017, June 7). Retrieved from ENTREPRENUERS: https://www.cnbc.com/2017/08/21/shark-tank-investor-daymond-john-won-big-with-bombas.html
Elizabeth Segran, P. (2017, July 27). Moving the Needle. Retrieved from Fast Company: https://www.fastcompany.com/40445016/how-one-sock-brand-is-helping-startups-step-up-their-social-good-game
Glassdoor. (1028, October 30). Retrieved from Compant Ratings: https://www.glassdoor.com/Reviews/Bombas-Reviews-E1605933.htm
JC Penny. (n.d.). Retrieved from Shop Departments: https://www.jcpenney.com/g/women/N-bwo3x?pageType=X2H2&utm_source=google&utm_medium=cpc&utm_campaign=paid%20search&cid=paid%20
Leighton, M. (2018, September 19). Retrieved from Business Insider: https://www.businessinsider.com/bombas-socks-review
Sharks. (n.d.). Retrieved from Rock'em: https://rockemsocks.com/collections/sharks?gclid=Cj0KCQiArenfBRCoARIsAFc1FqeikZpZSurmyDJFVpZV29-6JLjeGuz4EjOdCdAYSsDjnK2zzU5-UX8aAjUhEA
Shoes & Accessories. (n.d.). Retrieved from hollister.com: hollisterco.com Visit Website Hollister Co.® - Cyber Monday Starts Now_BMM_C&gclid=Cj0KCQiArenfBRCoARIsAFc1FqfC0_gFi2onusCvV2XAb7ednLpG8493
sock accessories. (n.d.). Retrieved from findsimilar.com: https://www.findsimilar.com/search?q=sock+accessories&cid=4146&campaignid=954831731&adgroup_id=44215909901&keyword=kwd-296541545240














