The Knowledge Project with Shane Parrish

#218 Outliers: Estée Lauder — A Success Story


Listen Later

Most people hear "Estée Lauder" and think of cosmetics—lipstick, perfume, face cream. But the real story isn’t just about makeup—it’s about a woman being an unstoppable force.


Estée Lauder didn’t just build a beauty brand; she rewrote the rules of an industry. She turned rejection into fuel, defied industry gatekeepers, and transformed a homemade face cream into a multi-billion-dollar global powerhouse. 


When department stores refused to stock her products, she created a demand they couldn’t ignore. When experts said women wouldn’t spend $115 on face cream, she proved them wrong. When competitors copied her formulas, she didn’t fight them—she outmaneuvered them. Her real genius wasn’t in chemistry, but in understanding human psychology, persistence, and the power of storytelling. 


This is the story of Estée Lauder.


Make sure to stick around at the end for my reflections and thoughts.


(05:26) Chapter 1 - The Early Years

(08:17) Chapter 2: From Kitchen to Department Stores: The Beauty Revolution

(09:04) First Break: House of Ash Blondes

(11:58) Married

(13:35) Chapter 3: Marketing Genius and Brand Building: The Perfect Moment

(15:20) The Power of a Gift

(16:51) Tell-A-Woman

(19:04) Department Store Breakthrough

(21:03) Chapter 4: The Expansion Era: The Key to Success

(26:09) Tell-Every-Woman

(28:42) Beyond Department Stores

(34:58) Chapter 5: Youth Dew

(36:37) Creating a New Category

(39:35) Success Breeds Competition

(41:16) Knowing what not to do

(44:06) Chapter 6: Beyond America: London Calling

(45:53) A Lesson in Brand Building

(47:43) The French Accident

(48:38) The Art of Adaptation

(49:49) Chapter 7: New Categories: Growing the Whole Pie

(52:08) The Clinique Revolution

(53:28) A New Kind of Marketing

(56:13) Chapter 8: The Lauder Philosophy: Business as Obsession

(56:25) Core Principles

(58:55) The Human Touch

(01:00:38) SHANE’S REFLECTIONS


This episode is for informational purposes only and is based on Estée Lauder’s incredible 1985 autobiography Estée: A Success Story.


Upgrade — If you want to hear my thoughts and reflections at the end of all episodes, join our membership: ⁠⁠⁠⁠⁠⁠⁠fs.blog/membership⁠⁠ and get your own private feed.


Newsletter - The Brain Food newsletter delivers actionable insights and thoughtful ideas every Sunday. It takes 5 minutes to read, and it’s completely free. Learn more and sign up at fs.blog/newsletter

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more
View all episodesView all episodes
Download on the App Store

The Knowledge Project with Shane ParrishBy Shane Parrish

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

2,505 ratings


More shows like The Knowledge Project with Shane Parrish

View all
a16z Podcast by Andreessen Horowitz

a16z Podcast

1,010 Listeners

We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

We Study Billionaires - The Investor’s Podcast Network

3,370 Listeners

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

513 Listeners

Acquired by Ben Gilbert and David Rosenthal

Acquired

3,797 Listeners

Founders by David Senra

Founders

1,856 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,288 Listeners

Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

Capital Allocators – Inside the Institutional Investment Industry

790 Listeners

Masters of Scale by WaitWhat

Masters of Scale

3,967 Listeners

My First Million by Hubspot Media

My First Million

2,611 Listeners

Infinite Loops by Jim O'Shaughnessy

Infinite Loops

172 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

8,776 Listeners

The Memo by Howard Marks by Oaktree Capital Management

The Memo by Howard Marks

400 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

338 Listeners

The Morgan Housel Podcast by Morgan Housel

The Morgan Housel Podcast

1,011 Listeners

BG2Pod with Brad Gerstner and Bill Gurley by BG2Pod

BG2Pod with Brad Gerstner and Bill Gurley

441 Listeners