Comments on the shut down of Honeyshed

Comments on the shut down of Honeyshed

I read this week of the shutdown of Honeyshed, the Publicis Groupe’s much-watched online-shopping venture, just months after it finally got up and running. The ill-fated creative experiment was the brainchild of David Droga but was birthed through a partnership between Mr. Droga’s agency, Droga5, hotshot production house Smuggler and funding from Publicis, which published reports put at about $25 million. Its aim was to reinvent the online-shopping experience to make it more entertaining and engaging for the 18- to 35-year-old-set. Users could digitally “window shop” brands via vignettes in which attractive youngsters peddle products on channels dubbed “Fun Shit” and “Kicks to Lids” before making online purchases.

With it’s collapse, I found the commentary more interesting than the actual closure itself.  Here are some comments found online pertaining to the shutdown, showing the passion online consumers have for such issues;

I suspect the failure lies in the fact that new media is a lovely place to buy, but a hard place to sell.
It’s a distinction a lot of ad folk haven’t come to understand because they are bored with traditional advertising and just want to have fun on someone else’s dime. I think the concept’s failure can be read in the name Honeyshed, which must be an inside joke—a play on Love Shack? Who know?

Of course, going back to my initial thought, what exactly is the point of Honeyshed, except perhaps the notion that if it took off, it could be sold before its inevitable collapse. I don’t think the notion of a young ditigal audience makes much sense. Consumer fetishism relies on desire and seduction. You can’t make make a joke of it, no more than you can turn a 30-second sketch into a movie.

In the final analysis, the whole thing lacked sincerity and the truth may be that contrary to Droga et al’s expectation, even 18 to 35 year men and women resent being treated like children.

$25 million? I’m currently forced to shut down an operation that had a whole lot more promise and only needed $2 million in second round to keep it operating to profit (which I could actually show was possible with the sister company this past year – it was more than awful that the profit on $7 million in sales was too little to save the mother ship, it could have been great).

Where ever do I stand in line to find these $25 million dollar investors? I keep learning of these remarkable failures and wonder how these people sleep at night. I couldn’t.

What a huge waste of money.

I emailed Dave Droga at the beginning of this debacle and advised him to spend 15 minutes with Barry Diller before he spent another dime on Honeyshed. That doesn’t make me an expert-just a guy with two eyes and ears connected to my brain. Will anyone with an online business model be taking advice from Droga 5 in the near future?
I surfed over to this site and found it completely unusable (as well as quasi-pornographic). I tried to follow the steps that an advertiser would have to take to book and ad and hit multiple roadblocks. I’m amazed that a site like this was allowed out in the wild in the first place.
Can’t agree more with Anthony and Doug.
“Online Shopping for the Digital Generation?”
That might be a phrase to use in an elevator pitch, but why would you actually use it on a site targeting people who can’t stand to be labeled or marketed to? It was just wrong on so many levels.
two.words: Boo.com
Props to Droga for getting the folks in Paris HQ to drink the kool-aid for so long. Anyone else would have been shut down 10 minutes after Lehman Bros. went under.

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