Tag: Success story of colgate

  • Marketing Strategies of Colgate That Made It a Successful Toothpaste Brand

    When it comes to oral care or toothpaste, in particular, there is one brand that immediately pops up in every Indian’s mind and that is Colgate. For over 200 years, Colgate has been carrying out its business internationally. Even today in India, Colgate is a brand that is known for its quality, its affordability, its product range, and most importantly its goodwill.

    It has been a trusted brand for oral care products and has satisfied the needs of millions of customers. Be it the toothpaste, toothbrush, mouthwash, or dental floss, the company has never seen a great downfall in the market.

    One of the major reasons for the success of Colgate in India and internationally has been the marketing strategies and ways of branding. The company applies effective marketing strategies according to its market segmentation, demographic, psychographic, and consumer behavioral patterns. To know more about Colgate, its history, and its marketing strategies, watch this space.

    History of Colgate
    Top 5 Marketing Strategies of Colgate

    1. Collaboration with Influencers
    2. Location-Based Targeting
    3. Creative Packaging with a Strong Message
    4. Building Trust Among Customers
    5. Reflecting the Innovations

    History of Colgate

    Colgate Logo
    Colgate Logo

    Founded in the year 1806, India’s No.1 toothpaste brand, Colgate was a soap, starch, and candles business back then. William Colgate found the company Colgate in New York. After he passed away Samuel Colgate ran his business and in the year 1873, a new product was launched – toothpaste that was then sold in jars. Since the 1920s the company started operating its business in other countries as well. By the end of the 1980s, the company was popular and successful in selling toothpaste that was to prevent cavities, bad breath, whither teeth, resolving gum bleeding problems, etc.

    Success Story of Colgate

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    Top 5 Marketing Strategies of Colgate

    Following are the top marketing strategies that Colgate has used in India to become one of the most promising and prominent oral healthcare brands:

    Collaboration with Influencers

    The Company has always targeted to shoot advertisements with prominent celebrities. Very popularly the Colgate Max fresh has always been promoted by Ranveer Singh which depicts that the toothpaste is equally fresh and energetic as Ranveer is.

    Also, there are many other advertisements where many Bollywood celebrities have been associated like Kareena Kapoor, Shahrukh Khan, and Madhuri Dixit. Colgate has been collaborating with YouTubers as well which has targeted and reached millions of millennials.

    Colgate Brand Endorsement

    Location-Based Targeting

    Colgate has always been a master when it comes to ad campaigns and marketing strategies. They tap different locations with different marketing strategies and get a lot of success in the form of positive response and lead generation. One such example of Colgate’s marketing strategy based on location was the Kumbh Mela, the largest spiritual gathering of Hindu devotees.

    Kumbh Mela Campaign of Colgate
    Kumbh Mela Campaign of Colgate

    Colgate tapped this market very well and understood that most people who were present in this area had low levels of literacy rates. To make them aware of the brand and the product, Colgate had sent voice messages via radio and mobile phones.

    The virtual network that the company created around Kumbh Mela was a perfect location-based approach to the target audience. The message spread to the pilgrims was to visit the Colgate booths and receive free samples of Colgate toothpaste along with that stand a chance to win prizes.

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    Top 10 Viral Marketing Campaign Analysis and their impact on Startups
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    Creative Packaging with a Strong Message

    Colgate Packaging | Success Story of Colgate
    Colgate Packaging

    Colgate is very witty when it comes to the packaging of its products. The packaging is very youthful, bright well has very decent which appeals to all kinds of masses as well as spreads the right message across.

    Be it the Cavity protection toothpaste or max fresh toothpaste the company’s advertisement commercials and advertisement campaigns aptly signify what they are offering and by concentrating on the solution to the very specific problem of oral health, they gain the trust of the masses.

    Building Trust Among Customers

    Colgate has always touched upon the sentiments of the masses and has engaged the masses through its heartwarming stories. Not only the company has build trust in the market by providing quality and affordable products but also has participated in numerous social causes, which has increased the trust of Indians.

    Colgate has participated and partnered in various NGO’s and social activities which have indirectly always been a part of one of the most effective branding and marketing strategies.

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    Reflecting the Innovations

    Colgate Innovations
    Colgate Innovations

    Colgate has its operations since 1957 in India. It was a market mover then since it was the only company that provided toothpaste in a tube. It was a revolutionary time it got the attention of the masses, unlike any other brand at that time. Later on, the company identified the nerves of the Indian market.

    Colgate launched a series of natural and ayurvedic toothpaste in India along with more than 90 other international markets. Indians have always been attached to traditions and values and Ayurveda is the essence of India.

    They released Colgate Vedshakti which was made with Ayurvedic Ingredients and was said to be natural. The other great invention of Colgate was when the company released Colgate SlimSoft Charcoal.

    It was the first-ever toothbrush In the Indian market that had super slim bristles combined with charcoal. There was no other company than who made charcoal-infused toothbrushes and toothpaste. In such ways, Colgate has always been reflecting its innovations in the Indian market.

    Conclusion

    Colgate has always been a company that has focused to work on its core products and operations and at the same time lookout for new areas to play. Be it rural India or urban India, Colgate has been one of the prominent leaders in the oral care industry and holds a loyal base across the country.

    The company aims to continue this journey by serving its customers with the same passion and creating more awareness about the brand by using many different and new marketing strategies.

    FAQs

    Is Colgate an Indian company?

    Colgate is an American brand founded by William Colgate.

    What company owns Colgate?

    Colgate-Palmolive Company is the parent company of Colgate.

    Is Colgate a Fortune 500 company?

    Yes, Colgate-Palmolive is a Fortune 500 company.

    How successful is Colgate?

    Colgate is a market leader in the toothpaste and toothbrush segment leaving behind the successful competitors.

    Who are Colgate’s competitors?

    Colgate’s competitors are:

    • Crest
    • Sensodyne
    • Patanjali Dant Kanti
    • Close up
    • Pepsodent
    • Vicco Vajradanti

    Why Colgate is the best toothpaste?

    Colgate is known for its tooth whitening properties and 12-hour protection that helps fight cavities, prevent gingivitis, reduce plaque, control calculus buildup and fight bad breath.

    Which type of advertising is used by Colgate?

    Colgate mainly uses a positioning approach based on its competitors. They have positioned their brand image in such a way that customers are bound to buy the product.

    What is Colgate’s marketing strategy?

    Colgate uses these marketing strategies:

    • Collaboration with Influencers
    • Location-Based Targeting
    • Creative Packaging with a Strong Message
    • Building Trust Among Customers
    • Reflecting the Innovations
  • Colgate – Story of the World’s Most Trusted Oral Care Brand

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Colgate.

    Our Teeth are an important part of our body and human being has been taking care of them since primitive times. Interestingly the world’s first toothpaste was made as early as 4 AD. Today, there is n number of oral hygiene products available in the market. However, when it comes to oral hygiene, one company that has stayed on top of the game for centuries now is  Colgate. In 1873, the first-ever commercially produced toothpaste was launched by Colgate, and the company is still maintaining its charm. Even today a considerable chunk of the population worldwide uses Colgate toothpaste and oral hygiene products. Here is the story of Colgate, which is now a household name across the Globe.

    Colgate – Company Highlights

    Startup Name Colgate
    Headquarters New York, United States
    Sector FMCG
    Founder William Colgate
    Founded 1806
    Parent Organization Colgate-Palmolive
    Website colgate.com

    Colgate – About
    Colgate – Founder
    Colgate – Startup Story
    Colgate – Mission and Vision
    Colgate – Tagline and Logo
    Colgate – Business Model
    Colgate – Funding and Investors
    Colgate – Acquisitions
    Colgate – Competitors
    Colgate – Growth
    Colgate – FAQs

    Colgate – About

    Colgate is an American Brand. The brand derived its name from its founder William Colgate. The company at its inception was known as William Colgate and Company, and it was just a small business, where Mr. William used to sell soaps and Candles. In 1857, when after William Colgate’s demise, his son Samuel Colgate took over the business, the company was renamed Colgate and Company.

    In 1873, Colgate launched the first-ever commercially manufactured toothpaste. This aromatic toothpaste was then sold in jars. Colgate toothpaste is still one of the most sold products of the company. In 1896, Colgate launched Colgate Ribbon Dental Cream, which was the first toothpaste available in a tube.

    Colgate and Company came to be known as Colgate-Palmolive -Peet Company after the acquisition of Colgate by Palmolive-Peet Company in 1928. Palmolive Peet was an association between Palmolive and Peet Brothers.  Palmolive was the maker of the world’s best-selling soap Palmolive in the early 20th century. While Peet Brothers was a soap manufacturing company in Kansas.

    In 1953 Colgate-Palmolive-Peet was renamed Colgate-Palmolive, which is currently the parent company of Colgate.

    Colgate-Palmolive is successfully holding on to its legacy to date and has a wide range of products including personal hygiene & care products, various cleansers, and pet food, that are sold all over the world.

    Colgate – Founder and Team

    The founder of the company is William Colgate.

    William Colgate began his career with a little candle and soap business in the 19th century in New York City, which happened around two hundred years ago. William was born in Hollingbourne, Kent, England. He was an American industrialist born on the 25th of January 1783. William passed away on the 25th of March 1857.

    William Colgate, Founder, Colgate

    Colgate – Mission and Vision

    Colgate’s Mission statement says – ‘Colgate-Palmolive is committed to act with compassion, integrity, honesty and high ethics in all situations, to listen with respect to others and to value differences. The Company is also committed to protect the global environment, to enhance the communities where Colgate-Palmolive people live and work, and to be compliant with government laws and regulations.’

    Colgate’s Vision statement says – ‘As we plan our strategies to sustain growth for the years to come, our core values of Caring, Global Teamwork, and Continuous Improvement will continue to drive our future initiatives.’

    The first tagline of Colgate is ‘It cleans your breath while it cleans your teeth.’

    Over the years, Colgate has come up with many taglines to promote its products. Some of Colgate’s popular slogans are-

    • Cleans more than just teeth.
    • Fights germs for 12 hours.
    • So clean, you can feel it.
    • Smile with strength.
    • What a refreshing idea.
    Colgate Logo
    Colgate Logo

    Colgate – Business Model

    Colgate Palmolive is one of the top FMCG companies in the world. Colgate products include –

    Oral Care

    Toothpaste, mouth rinses, toothbrushes, tooth whitener, dental floss, and drug store products for health professionals such as dentists are available under this category.

    Household Surface and Fabric Care

    Dishwashing fluid, Palmolive, and home cleansers are the major products available under this category.

    Pet Nutrition

    Pet care products like pet nutrition food and supplements are available under this category.

    Personal Care

    Shower gels, body sprays, shampoos, conditioners, shaving products, fluid and bar hand soaps are available under this category.

    The company spends a considerable part of its revenue on advertising and marketing. In 2021, Colgate spent nearly 2 Billion US Dollars on advertising worldwide. With intelligent market segmentation, and by building trust with the target audience, Colgate has established itself as a top player in the FMCG category, particularly in the oral hygiene segment worldwide.

    The company also keeps adding new products and phasing out old products from time to time to meet changing customer requirements. Some of the popular products that Colgate discontinued over time are Fab One-Shot detergent, Coleo soap, Cashmere Bouquet Soap, and Peter Pan Beauty Bar with Chlorophyll, among many others.


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    Colgate – Funding and Investors

    Colgate has raised a total amount of $15.2 million in funding over the two funding rounds.

    Date Transaction Name Money Raised Lead Investor
    March 16, 2021 Post-IPO Equity $15.2 million Vontobel
    September 21, 2016 Post-IPO Equity

    Colgate is funded by two investors, ‘Vontobel’ and ‘Taylor, Cottrill, Erickson & Associates, Inc.’


    Top 5 Successful Marketing Strategies of Colgate
    One of the major reasons why Colgate is successful today is its marketing strategies. Let’s take a look at the Top 5 Marketing Strategies of Colgate.


    Colgate – Acquisitions

    Colgate has acquired 9 organizations to date.

    Date Acquired Organization
    January 23, 2020 Hello Products
    July 11, 2019 Filorga Cosmetiques
    December 18, 2017 PCA Skin
    December 18, 2017 EltaMD
    October 29, 2014 Laser Brands Toothpaste
    March 23, 2011 Sanex
    March 22, 2006 Tom’s of Maine
    December 18, 2003 GABA International
    February 14, 1992 Mennen Company

    Colgate – Competitors

    The competitors of the company are Crest, Sensodyne, and Pepsodent respectively.

    Crest

    Crest is the top competitor of the company Colgate. The company was founded in 1955 in Cincinnati, Ohio. Crest specializes in oral hygiene products only.

    Sensodyne

    Sensodyne is one of the top competitors of the company Colgate. The company was founded in 1907 and is headquartered in the United Kingdom. Sensodyne has specially positioned itself as an oral care brand for sensitive teeth.

    Pepsodent

    Pepsodent was founded in 1915 and is headquartered in the United States of America. Peposedent is a brand owned by Unilever. However, in Canada and United States, the rights for selling Pepsodent lies with Church & Dwight.


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    Colgate – Growth

    From being just a small business selling soaps, candles, and starch, to becoming an MNC, the journey of Colgate is truly exemplary. As per 2020 reports, Colgate Palmolive holds the largest share in the oral hygiene segment Globally. Colgate Palmolive’s oral care brands include Colgate, Tom’s of Maine, and Elmex.

    The company’s products are sold across 200+ countries and territories worldwide. The company is also no. 1 in the household products industry by Dow and Jones Sustainability Indices. As per Statista reports, in 2021, Colgate-Palmolive generated net sales worth 17.42 billion U.S. dollars worldwide. In the Q4 of 2020, Colgate reported a 7.5% increase in Net sales.

    In FY 2020-2021, Colgate-Palmolive India recorded net sales worth Rs. 4,810.5 crore, which is a 7.2 % increase from that of FY 2019-2020. In India, Colgate- Palmolive has launched new products like Colgate toothpaste for Diabetics, Colgate Vedshakti Spray, and Oil Pulling to capture more consumers. Colgate has also come up with attractive offerings like the first AR toothbrush that makes brushing fun for kids. Colgate has also been ranked No.1 Most Trusted Oral Care Brand from 2011-2019 by The Economic Times – Brand Equity – Most Trusted Brands Survey, which was conducted by Nielsen.

    Colgate – FAQs

    Is Colgate an Indian Brand?

    No, Colgate is an American Brand.

    Who is the CEO of Colgate?

    Noel Wallace is the CEO of Colgate-Palmolive. He has been associated with Colgate-Palmolive for over 3 decades.

    What are the products of Colgate?

    Besides oral care products, Colgate deals in personal care and personal hygiene products, household cleaning products, and pet food.

    How did Colgate get its name?

    Colgate is named after its founder William Colgate.