$1.5 billion. That's what Fox made last year selling suspension.
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Most people know Fox for high-end suspension on cars and bikes.
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Here's what they miss.
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Fox Factory is really three companies wearing one logo.
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They split into three groups:
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Specialty Sports Group
Aftermarket Applications Group
Powered Vehicles Group
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This is marketing segmentation.
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You separate your products and your marketing by who's actually buying.
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And it's hiding in plain sight.
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Open Instagram and you'll find:
fox
ridefoxbike
foxfactoryvehicles
ridefoxpv
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Nearly 3 million followers spread across those accounts. Each one sells to a specific buyer.
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That means every segment gets its own creative strategy.
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Its own content. Even its own sponsored athletes. (RIP Ken Block.)
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This is what lets them scale to $1.5 billion.
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Their advertising was never forced into one-size-fits-all.
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Try to appeal to everyone and you'll appeal to no one.
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But Fox proved something most brands forget. That doesn't mean ...