{"id":40299,"date":"2023-07-25T13:22:02","date_gmt":"2023-07-25T17:22:02","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/small-businesses-want-a-piece-of-barbies-world\/"},"modified":"2023-07-25T13:22:04","modified_gmt":"2023-07-25T17:22:04","slug":"small-businesses-want-a-piece-of-barbies-world","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=40299","title":{"rendered":"Small businesses want a piece of Barbie’s world"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: Barbie-themed merchandise is displayed at a mall in Glendale, California, U.S. July 17, 2023. REUTERS\/Lisa Richwine\/File Photo<\/span>
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By Kailyn Rhone and Arriana McLymore<\/p>\n

NEW YORK (Reuters) – It is Barbie\u2019s world, and U.S. small businesses hope their social-media marketing can help them cash in on it.<\/p>\n

From Malibu makeovers to striped dog bandanas to hot pink cocktails, many small business owners have latched on to Barbie-inspired products to get more eyes on their websites and social media accounts ahead of Friday\u2019s U.S. release of \u201cBarbie,\u201d the movie set to become a cultural sensation. <\/p>\n

Mattel (NASDAQ:)’s iconic doll brand partnered with big companies including Inditex\u2019s Zara, Airbnb and Google (NASDAQ:) to launch licensed merchandise and products.<\/p>\n

But as Mattel-licensed Barbie marketing and products flood big companies’ stores, hotel suites and social media posts, small firms also seek to capitalize on the hype. <\/p>\n

\u201cSmall businesses may look at the Barbie promotions and dream of that kind of budget and mass brand awareness,\u201d said Brianne Fleming, an adjunct marketing instructor at University of Florida. \u201cBut there’s still an opportunity … while everyone is talking about Barbie.”<\/p>\n

As of Thursday, the hashtag Barbie had been used 14.1 million times on Instagram and had 50.5 billion views on TikTok, making it a prime target for small brands searching for more visibility online.<\/p>\n

Anima Iris, an online retailer based in New York City that sells handmade purses, on Monday launched a 30% off sale for all its pink handbags with Instagram captions including \u201cWe\u2019re all about that Barbie Life\u201d and \u201cHi #barbie. What are you wearing to the #barbiemovie premiere?\u201d <\/p>\n

Once the firm saw the excitement around the Barbie movie, it wanted to jump on the opportunity, owner Wilglory Tanjong said. The firm’s post, which features Tanjong using a voiceover from the Barbie movie, is one of the brand’s most-viewed and most liked videos on TikTok. <\/p>\n

Stoutridge, a New York-based vineyard and distillery with a weekly email newsletter, blasted out a \u201cspur of the moment\u201d Barbie-inspired hot pink cocktail recipe on Wednesday after only taking an hour to create the drink, said owner Kimberly Wagner. The cocktail, known as “The Barbie,” is a mixture of Blue Curacao, grenadine syrup and club soda.<\/p>\n

MoonFire, an arts boutique based in Dallas, Texas, hosted a Barbie-themed collaboration in person with ten small businesses selling hot-pink, Barbie-inspired products. The shops offered free cocktails, flash tattoos and a life-sized Barbie box. Its TikTok video for the event drew more than 100,000 views.<\/p>\n

Swag Pup Co, a pet retailer, promoted its Barbie and Ken-themed bandanas for dogs on social media. Owner Mica Garbarino said a “vintage” black-and-white pup outfit sold out within the first few days–faster than her typical pup apparel. <\/p>\n

To be sure, even bigger brands without official Barbie licenses are taking advantage of the pink-themed trend. Swarovski\u2019s Soho location in New York City is now decorated with bubble gum pink walls behind its neon pink swan logo. A search for \u201cBarbie\u201d on the company\u2019s website returns rose-gold jewelry and pink gemmed rings.<\/p>\n

J. Walker Smith, a consultant at research firm Kantar, said that no matter the size of company, it is important to be on-trend and getting behind the Barbie momentum \u201cis a very good idea.\u201d<\/p>\n

\u201cSmall businesses are never in a position to create big mega-trends \u2013 very large businesses can do that. So, for small businesses, the strategy is to be a quick follower,\u201d he said.<\/p>\n

Smith said small brands taking advantage of the Barbie marketing momentum will scoop up more \u201cthan just young people\u201d and will grab the \u201cprime marketing target\u201d of women who are in their 30s and 40s.<\/p>\n

These women \u201cdirectly control a disproportionate amount of spending\u201d and they indirectly serve as influencers and gatekeepers to children and teens, according to Smith. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: Barbie-themed merchandise is displayed at a mall in Glendale, California, U.S. July 17, 2023. REUTERS\/Lisa Richwine\/File Photo By Kailyn Rhone and Arriana McLymore NEW YORK (Reuters) – It is Barbie\u2019s world, and U.S. small businesses hope their social-media marketing can help them cash in on it. From Malibu makeovers to striped […]<\/p>\n","protected":false},"author":1,"featured_media":40300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-40299","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nSmall businesses want a piece of Barbie's world | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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