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Internet celebrity milk tea lost 10 million in two years, closed nearly 300 stores, and the founder had to set up a stall to pay off his debts

author:A breeze

Preface

Xie Yao is not a veteran of the tea industry, but a star in the field of self-media. She originally stood on the stage and attracted the attention of countless fans with her unique voice and perspective. For this Internet celebrity in the self-media industry, the applause on the stage no longer seems to be able to satisfy her ambitions.

Internet celebrity milk tea lost 10 million in two years, closed nearly 300 stores, and the founder had to set up a stall to pay off his debts

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First, the cross-border road from self-media to entrepreneurship

With the rapid development of social media, Xie Yao gradually found herself with a deeper understanding of the word "brand". She is no longer satisfied with simple personal prestige, but is eager to build a business empire of her own. In the exclamation of everyone, she decisively left the stage of self-media and embarked on the road of entrepreneurship in the tea industry.

It's a crossover adventure, like an unforeseen storm. In the early days of entrepreneurship, Xie Yao found herself facing unprecedented challenges. From getting rid of the self-media label to adapting to the business environment, every step seems to be full of difficulties and struggles. It was these challenges that shaped Xie Yao's tenacious character and allowed her to stand out in the wave of shopping malls.

Internet celebrity milk tea lost 10 million in two years, closed nearly 300 stores, and the founder had to set up a stall to pay off his debts

Second, the rise and imbalance of brands

With Xie Yao's efforts, the Yuanzhenzhen brand has finally embarked on a new journey. She has injected her own philosophy into the tea industry, creating a series of highly sought-after products with "health, deliciousness, and innovation" as the core. Consumers have been receptive to this new brand, and Yuanzhen has become a leader in the industry in a short period of time.

Success often comes with challenges. While the Yuanzhen brand is thriving, it has also encountered a series of brand image plagiarism incidents. Not to be outdone, competitors are imitating real products and packaging designs in an attempt to get a piece of the pie. This malicious plagiarism not only damaged the reputation of the Yuanzhen brand, but also brought serious economic losses to the company.

Internet celebrity milk tea lost 10 million in two years, closed nearly 300 stores, and the founder had to set up a stall to pay off his debts

Faced with this dilemma, Xie Yao did not retreat, but actively responded to it. She organized a team of professionals to comprehensively investigate the plagiarists' actions and took legal measures to protect their rights and interests. At the same time, the brand has increased its innovation efforts and continuously launched new products to consolidate its position in the hearts of consumers. Through a firm attitude and effective measures, the brand has successfully survived this crisis and further consolidated its leading position in the tea industry.

After the rise of the brand, it was not all smooth sailing. After achieving certain achievements, the Yuanzhen brand has had a positioning error, resulting in a sharp decline in market share. Brands that originally took health and innovation as their selling points blindly pursued market expansion and neglected to understand the in-depth understanding of consumer needs, resulting in a disconnect between product positioning and actual market demand. This mistake left the brand in a difficult situation, with sales declining and reputation damaged, and it was difficult to extricate itself for a while.

Internet celebrity milk tea lost 10 million in two years, closed nearly 300 stores, and the founder had to set up a stall to pay off his debts

Third, a typical case of the rise and fall of the brand

The success trajectory of the Yuanzhen brand is full of twists and turns. What's even more embarrassing is that just after the glory of the Yuanzhen brand, a storm of brand collapse was set off. All this stems from a serious positioning error, which makes people sigh that behind success is often the biggest crisis.

When the brand first emerged, consumers were attracted by its healthy, delicious and innovative concept, and they fell into the arms of the brand for a while. With the intensification of market competition, the Yuanzhen brand began to lose its way. Perhaps due to the mentality of quick success, or perhaps due to the misjudgment of the market, brand decision-makers have begun to launch new products continuously, but neglected to understand the needs of consumers. As a result, the product positioning is at odds with the actual needs of the market, and consumers are gradually moving away from the once highly sought-after brand.

Internet celebrity milk tea lost 10 million in two years, closed nearly 300 stores, and the founder had to set up a stall to pay off his debts

Just when the brand was in trouble, competitors seized the opportunity and stepped up their offensive in the market. They took the success of the Yuanzhen brand as a reference, coupled with their own innovation and breakthroughs, and quickly seized the market share of the Yuanzhen brand. As a result, the aura of the Yuanzhen brand began to gradually dim, the reputation was damaged, and the market position was in jeopardy.

Fourth, lessons and prospects

In the story of the rise and fall of brands, we see the challenges encountered by entrepreneurs in the market competition, and the profound lessons brought by them. Failure is not the end, but an opportunity to start anew. In the face of entrepreneurial failure, it is important to be able to summarize the lessons and lessons in a timely manner, assess the situation, look forward to the future, and find a new direction for development.

Internet celebrity milk tea lost 10 million in two years, closed nearly 300 stores, and the founder had to set up a stall to pay off his debts

One of the biggest lessons learned by entrepreneurs in the story of the rise and fall of a brand is mispositioning. They are too eager for quick success, blindly pursuing market share, and neglecting to understand consumer needs in-depth. Therefore, for entrepreneurs, it is necessary to remain humble and cautious at all times, not to be blinded by immediate interests, but to maintain a keen insight into the market and always think from the perspective of consumers.

Another important lesson is the underestimation of competitors. In a highly competitive market environment, entrepreneurs should not only focus on their own products and brands, but should always pay attention to the dynamics of competitors, adjust their strategies in time, and maintain market competitiveness.

Internet celebrity milk tea lost 10 million in two years, closed nearly 300 stores, and the founder had to set up a stall to pay off his debts

In the face of entrepreneurial failure, entrepreneurs need to remain optimistic, have the courage to face challenges, and actively seek breakthroughs. They can learn from their failures, re-examine their strengths and weaknesses, develop new development strategies, and start afresh to meet the challenges of the future.

In the future development prospects, entrepreneurs can consider adjusting product positioning, closer to the needs of consumers, strengthening brand marketing, and enhancing brand awareness and reputation. At the same time, it is also necessary to strengthen the ability to innovate, and constantly introduce new products that meet the market demand to maintain a competitive advantage.

Internet celebrity milk tea lost 10 million in two years, closed nearly 300 stores, and the founder had to set up a stall to pay off his debts

epilogue

In this era full of challenges and opportunities, entrepreneurs need to keep an open mind, continue to learn and progress, and keep pace with the times in order to be invincible in the fierce market competition.

Internet celebrity milk tea lost 10 million in two years, closed nearly 300 stores, and the founder had to set up a stall to pay off his debts

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