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Breaking Beauty Podcast: Episode Summary
Episode Title
Beauty Math 101: Shop Smarter, Not Harder – How-to Get Real Value from Your Beauty Buys 🎯💄With Investment Banker Turned Beauty Creator Rachel Wiseman
Hosts
- Jill Dunn
- Carlene Higgins
Guest
- Rachel Wiseman: Former investment banker turned beauty creator, known for her "Beauty Math" series on social media.
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Episode Overview In this episode, the hosts engage with Rachel Wiseman to discuss the financial aspects of beauty shopping, particularly focusing on how to derive real value from beauty products. This timely discussion coincides with the Sephora Savings Event and the impending holiday shopping season.
Key Concepts Discussed
- Beauty Math Literacy:
- Importance of understanding the true costs of beauty products to avoid feeling "robbed" after purchases.
- Rachel introduces the concept of "Beauty Math," which aids consumers in making informed purchasing decisions.
- Sneakflation and Shrinkflation:
- Sneakflation: Price increases without a corresponding product size increase.
- Shrinkflation: Reduction in product size while maintaining the same price, often seen in beauty products.
- Anchor Price:
- Defined as the median price per unit (e.g., per mil or per gram) of beauty products, helping consumers gauge value.
- The Lipstick Index:
- Revisiting the concept of the Lipstick Index in 2025, suggesting that while the specific product may change, the underlying principle remains.
- Holiday Shopping Tips:
- Recommendations on mini vs. jumbo product sizes and the potential value in combination sets rather than advent calendars, which often include less desirable products.
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Key Takeaways
- Value Shopping: Consumers should consider what products they will finish versus what they are trying out; mini sizes can be more economical if they are likely to be fully used.
- Refill Revolution: Brands offering refill options often do so at prices that do not significantly benefit the consumer, raising questions about the true value proposition of these products.
- Transparency in Pricing: Brands like The Ordinary and ELF are noted for their commitment to transparency regarding pricing changes and cost adjustments.
- Quality over Trend: Opt for brands that provide quality, effective products at reasonable prices, such as The Inkey List and Tower 28.
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Additional Insights
- Rachel shares her perspective on the effectiveness of various brands in maintaining reasonable prices while ensuring product quality, highlighting both high-end and drugstore options.
- The discussion also touches on the recent trend of beauty brands increasing prices and the marketing tactics behind it, including the timing of these adjustments in relation to sales events.
- The hosts encourage listeners to be more mindful about their beauty purchases and to use Rachel’s spreadsheets that detail price per unit for a variety of products.
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Conclusion The episode serves as a practical guide for beauty consumers, empowering them to navigate the beauty market with greater financial awareness and intentionality. Rachel’s insights, combined with Jill and Carlene's beauty expertise, create an informative and engaging conversation for anyone interested in maximizing their beauty investments.
Listen to the Episode For more details on products mentioned and exclusive promo codes, visit [Breaking Beauty Podcast](https://breakingbeautypodcast.com/episode-recaps/).
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This episode is a vital resource for anyone looking to make informed decisions about their beauty purchases, particularly as they prepare for holiday shopping.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:00The following podcast is a Dear Media Production.
0:07Welcome to Breaking Beauty, the podcast all about the breakthrough people, products, and moments in beauty. We're your hosts, Jill Dunn and Carlene Higgins.
0:20Welcome back to another episode of Breaking Beauty Podcast. I'm your co-host, Jill Dunn, and I'm here alongside Carlene Higgins like I am every single Wednesday. How are you, Carlene? I'm great. Thank you. And we're two former magazine beauty editors turned beauty podcasters who are here for you chatting about the breakthrough people, products, and moments in beauty every single Wednesday. Hell yeah. And we've had such a banner fall lineup of expert guests. We've had Bobby Brown on the show. If you guys haven't listened to that one yet, please do check it out. We also had Lisa Eldridge. We published a whole extended cut of that episode over on our YouTube channel, which people are loving.
0:59So everybody go check that out. And Carlene, you were a guest as well because I interviewed you. We had an exclusive here at Breaking Beauty. I interviewed you about your skincare range that you've spent the last 18 months developing. It's called Cassatt Beauty. Everybody needs to go back and listen to that episode if you haven't had a chance to yet. And I believe maybe today orders are officially shipping. So congrats to you. Well, thank you so much, Jill. The debut product is La Pomade. It is a retinoid skin ointment. I hope that everybody tries it, loves it. Check it out at CassattBeauty.com.
1:37I really appreciate the plug as well, Jill, I have to say. She's a founder now. She is a founder now. We need to remember that. Wearing so many chapeaus. And if this is your first time tuning in, welcome to the show. We have a back catalog of over 400 episodes where we talk about so many different aspects of the beauty industry, whether it's with celebrities like Hailey Bieber, Victoria Beckham, or pros like Jen Atkin and Dr. Shereen Idris. And over the years, one of our most popular episodes, I'm proud to say, is where it's you and I, Jill, flexing our editorial muscle, reviewing products and just cutting through the clutter to let everybody know what's hashtag damn good.
2:21Yeah, and I love to be able to sort of contextualize the industry, given that we've seen it all and swatched it all in our careers. And I think that's why people are going to love, maybe even be obsessed with our episode this week, because we are reporting on what products are legitimately worth your money and why. Mm-hmm. Yes. Our special guest is Rachel Wiseman. Rachel is a New York City-based former investment banker turned tech startup founder, blending her expertise in finance with her passion for beauty. She's also a fellow Canadian. And guys, she's so impressive because she's so young. I think she's only 23, but she is wise.
3:05Hence, a little hat tip to her last name there. But she's very wise. And Rachel caught my eye on social media with her, what she calls beauty math series, because she creates content that helps her audience view shopping for beauty as an investment, which I think is really smart. And she's a beauty lover, a beauty consumer, but she's also an analyst. So she's educating people on making informed purchases. And by the way, Carlene, this episode is coming out just in time because the Sephora savings event starts on October 31st and goes to November 10th. So we're here to help you shop smarter, not harder.
3:41Yes, definitely. And of course, holiday shopping season is upon us as well. I've already started. You'll be shocked to know, Jill. Good for you. Thank you. So just ahead, we're diving into whether my method of grocery shopping applies to makeup shopping as well. We're also talking about refill products and whether they're actually passing on the savings to the consumer and why some brands are participating in a trend called shrinkflation. Yeah. And I think there's just, I personally have noticed when I'm shopping for beauty, like things that were, you know, a really rock solid price point for years and years and boom, all of a sudden they're$10 more.
4:21And it's just like, why is that happening? And I don't think I'm alone. I see a lot of content about this because people are literally getting their receipts out and comparing, wait, I just refilled this, you know, my favorite foundation last year. it was$15 less. So it's really part of the ether and beauty right now in the conversation. Plus, we're talking about tariffs, how those are affecting the bottom line and whether or not a brand can ever be too transparent with its pricing. And a friendly reminder that we also have a YouTube channel. Please subscribe at Breaking Beauty Podcast. And this whole conversation is going to be published on our YouTube channel as well.
4:58So check it out. Yes, and everything we talk about in today's episode will be listed over on our website at breakingbeautypodcast.com under episode recaps. Welcome to the show, Rachel Wiseman.
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6:46It gives a great instant kind of plumping feeling to your skin. And over time, it's going to help with that collagen production from the proteins. There's no irritation whatsoever. That's the best part if you have sensitive skin like mine. So visit Medicaid.us, that's M-E-D-I-K and the number 8.us to discover more. Use code BREAKING20 to save 20 % off your order. that's Medicaid.us to discover more and use code BREAKING20 to save 20 % off your order. And now back to the show. Hi guys, I'm Emma. I'm Julie. And I'm Isabel. And we're the minds behind comments by celebs. You may be familiar with our Instagram account, but what you may not know is that we also host a podcast where three times a week, we talk all things pop culture, Bravo, and Kardashians.
7:38If you've ever felt alone in your niche interest or desire to be informed on all things celebrity, just know we are your girls. So make sure to check out Comments by Celebs on Apple, Spotify, or wherever you get your podcasts.
7:56Welcome to Breaking Beauty Podcast, Rachel. Thank you. So excited that you're joining us in studio today. And we've been fans of your content since your early beauty videos when you were still a student. Yes. A finance student, I guess. Yes. At Queen's University. Three Canadians in love. Yeah. Sitting down in New York City. And so after you graduated from Queens, you worked in the world of investment banking. Yes. Yeah. And tell us about that. It was crazy, but it was an awesome experience. I feel like people expecting me to come out of it hating it, which a lot of people do. But I feel like I was very lucky that I went to a group and a firm that I found like lifelong friends.
8:36I kind of felt like an extension of college. You were, instead of studying until 2 a.m., you were working until 2am. But like, they're some of my best friends. And I learned so, so much. And I truly wouldn't be able to do what I'm doing now, or at least in the capacity that I'm doing it now without having that experience. You've recently left the world of investment banking. And your bio says that you're now a tech startup founder and an entrepreneur and a beauty creator, obviously. So catch us up. Yeah, you guys are catching up at the perfect time because literally everything in my life has changed in the last couple of months.
9:10With investment banking, it's very typical that you go and you do the two-year analyst program. And so my program finished at the end of June of this year. And it's very common for people to go do private equity and things of that sort. And I was going to go do that, but a lot of things changed on their end and my end. And I kind of had this idea brewing, so to speak, with a friend in the background. And it just felt like the right time to make the jump. We're building here in New York City and for what the platform is. I can't really speak about it yet, but it makes sense to be in New York. And it also makes sense to be in New York from a creator perspective.
9:45So I'd say I'm now doing both of those 50-50. And it's also nice to be back on the East Coast as well. Yeah. And go to Pilates in the middle of the day if you want to. Yeah, that flexibility is really, really nice. I went to a 4 p.m. yoga class in San Francisco the other day and I was like, I can't remember the last time I did this. So you're cooking up something in tech and you can't say more right now. Is this like a next year type of launch you're thinking or? Yeah, I would say towards the end of the year or next year. Okay. We'll look out for announcements on your feed. Yeah, I'm excited. Right now we're kind of just in the building phase and then we'll go into testing with different users, probably raise money eventually, which is a whole other crazy journey, but it's very exciting.
10:26So you'll be on the other side of the table from what you were used to, right? Yeah, which is why what I said before, I wouldn't really be able to do what I'm doing now in the same capacity because I learned so much about, you know, what investors look for, what they care about, how to talk to them. You have the cheat sheet, girl. Share everything. I'm keeping your number. Hell yeah. Hell yeah. So we got to know you through your beauty math series, which is fantastic. And not the same, not to be confused with girl math, everybody. You know, it's not about justifying your purchases with, you know, this was on sale, so I saved money.
11:02Yeah. It's really more about beauty math, which we're going to get into today. So how did that kick off? Yeah, I, people have asked me and I keep trying to think back to what sparked it, but I feel like with a lot of creative, sometimes you just get an idea and just had this idea because prior to beauty math, I had been doing sort of value, you know, best value, worst value, what's worth it, what's not. I was sort of doing tongue in cheek girl math. And I was, if you look at older videos prior to the official launch of Beauty Math in like a formal way. I was doing price comparisons on per mil per ounce in my normal product reviews.
11:41And I kind of just wanted to encapsulate it into a framework for people. That's really where Beauty Math came from. And also like the finance side of me, I was like, it would be really fun if I make these spreadsheets for people to have so they have all the data when they're shopping. Fun and spreadsheets. What?
12:02I just thought there wasn't a framework for beauty purchases, which is, again, very banker finance of me. But that's really what beauty math was, was giving people a framework, a benchmark. It's not, you know, a right or a wrong or a black or white, but just something to help you navigate the noise of the beauty industry. because I think that beauty, I mean, it's a silly maybe parallel to think about like finance and beauty in terms of like financial literacy or like beauty math literacy, but people spend so much money on beauty. And at the same time, there's so much noise and hype cycles and, you know, marketing gimmicks that happen with beauty.
12:39So you have this industry with a lot of money and a lot of noise. And to me, there wasn't a really any way to navigate it. So that was - And like quantify. Yeah. Yeah. Your purchases. Exactly. And you're so right. It's just about everything is about newness. You know, we're editors from magazine days and it's like we wouldn't have dared, especially back then, to cover something in the magazine that wasn't brand new that month. Like we've changed since we had the podcast, but the entire industry is about innovation, you know, and the churn cycle is even more so than it ever has been. Yeah. Yeah.
13:12But I love this idea. I'm all about shopping designer for less and finding deal. I'm all about the sample sales and assignment and all of this. So this really speaks to me and I think people are going to be in for a treat today. But first, I wanted to ask you, do you think about the lipstick index and is that still a thing? Is there a 2025 version? Yeah. And for people that aren't familiar with the lipstick index, it's kind of just this idea that in times of economic downturns or recessions, you lean on the little luxury versus, you know, buying the house or the car, you buy the$50 lipstick. I think the concept is still true in 2025, but it certainly wouldn't be a lipstick.
13:52If it's a lip product, it would probably be a lip oil or a lip balm. But I think the skincare category is really what is driving the beauty industry right now. I think I was looking into it and I think skincare now represents 40, 42 % of the beauty category. It's growing like five, 6 % and you have other things coming up to like fragrance that's growing in the double digits and even stick type formulas are becoming really popular. So those multi-use. But the common thread to me is really whether it's straight up skincare or a serum or a stick formula, it's leaning on that like skincare hybrid, you know, like serum-y, good for your skin while still being makeup is kind of the common thread.
14:31So I don't know, maybe the skincare index or the serum index, but I think people are leaning on beauty products that still feel like self-care and they're doing something good for their skin. So it's sort of like a two-in-one versus just, you know, red lipstick or something. Yeah, I agree completely. Yeah. And your Beauty Math series basically teaches your followers how to break down the value of any product. And the first video of the series, you say, and I quote, I've never met a single person who's able to go into Sephora and leave feeling like they didn't just get robbed, Dot, dot, dot, except for me.
15:04So how do you shop to not feel like you're getting robbed, as it were? What's your secret? I mean, for me, the strategy is just what am I going to finish? And so if it's something that, you know, my everyday shampoo or conditioner, I'll go for the jumble size. But if it's something that I want to try or I'm not sure if I'm going to like it, I might go for the mini, which 99 % of the time the minis are a worse value in terms of price per mil or per gram. but for me if you're spending$20 on a mini that you're actually going to finish versus 30 on the full size that you get through you know the amount that the mini was you're still better off buying that mini versus the full size so there's not a right or wrong but you have to ask yourself what do I actually use what am I going to finish and what is worth it in that sense so you buy the jumbo when you're rebuying you buy the mini when you're trying yeah right exactly Okay.
15:58I want to ask you if you grocery shop like I do. And the reason is because my friend didn't know this and she's the most frugal person ever. Like she's one of those people who goes around to like three grocery stores to buy what's on sale, which I could never, I do not have time. But I was with her, I think we were in Costco or something. And I was like, you know that when you're comparing the prices on the actual tag that's on the shelf it will tell you the price per ounce or the price per mil there's like a little tiny thing under the price to the left where it'll say like a dollar 19 price per unit or whatever it is so you don't have to be sitting there doing grocery math in your head to figure out what's cheaper because this one has 12 rolls of toilet paper and this one has eight yeah you can just look at that she's like oh my god i didn't I didn't even know that was there.
16:53And I was like, girl, what have you been doing? I love that it's there. I love that it's there. So I shop like that all the time. I don't even barely look at the overall price. I'm just like, what is the cheapest? Yeah. I wish they had this in beauty stores. I was just going to say it would be so helpful. It would probably eliminate my purpose, which is fine. But that's the whole point. But yeah, that's the whole point is that it's so difficult. And that's really why I made that spreadsheet because you, to your point, that doesn't exist in Sephora. So you can at least pull that up and then you don't have to do it.
17:26So that's basically what you do. Now, can people access the spreadsheet? Yeah, yeah. They're on my link tree. So when I post the episode, I've been doing them in categories. So I'll do like skin tint or foundation or anything like that. I'll send people the link to the spreadsheet, but they live in my link tree. And so you can just go on, the link is in my bio and they're all there by category. You can just click them open. And so which products are you covering? Do you just like go into like the Sephora and like catalog every single item or what? Yes. Yeah. So right now the spreadsheets are just Sephora and Ulta, some more high end things.
18:00And for brands that I know that are in that high end category, but don't retail at Sephora or Ulta, I'll add them in. It's impossible to be all encapsulating because I'm only one human. And so that's why I haven't ventured in a drugstore yet either. That is a plan of mine. But I also wanted to keep those separate because doing an average or median across the entire spectrum of beauty, I didn't think was as helpful or as true. Because if you're shopping, you're usually like shopping at Sephora or Ulta. Those are comparable. Whereas if you're going into a Walgreens or a CVS, it's a different, completely different price point.
18:35And so, you know, comparing a CoverGirl, I don't know, lip gloss with something from Givenchy is not really the best comparison. So right now it's just for Ulta. Yeah. And you take it one step further and like basically once you analyze everything, then you do like the median price. Yeah. This is what it looks like. So if you go to her link tree right now, it's like you can click on a category of a product. Oh, I see. Mascara, settings, spray, concealer, what have you. Clearly, I haven't done my research. I'm being busted. I'm being outed. No, no. And then you just and then it's like it's crazy how many SKUs you have.
19:08Yeah. So do you just do this in your spare time? Yeah, I just I just go on Sephora and Ulta and just go through all the way. And it takes a couple hours per one, which is why, you know, I haven't gone through all the categories yet. But that's also why when I send it to people, I'm like, let me know if you have any. So I'm prone to human error somewhat if I've missed the one or two. I can't believe it's free. I need no. You need to make these all affiliate links. Are you on ShopMy? Yeah. Yeah, I am on ShopMy. These are not affiliate. You need to make them all affiliate. it i know i could i just i don't know this could be even off the record but like honestly i i literally would do that for you i know i know this is free information but i suppose even if you put it behind some kind of paywall like a sub stack people would just screen grab and right is that have you thought about that the shoppable links is probably a good idea you're already she's already linking directly to the product so you need to make money i'm just like even this list is invaluable like yeah charging for this list yeah I suppose people could share it without yeah and I don't think I would want to pay wallet like that's kind of the whole point is to bring transparency to it but I do think that if somebody buys something off of it that would be nice yeah well at least you know if you want to continue just being kind Canadian you could put this on sub stack yeah and not have it be paid but people can't people can support you this independent journalism right i feel like people would support you because yeah that helps to pay for your time to keep it updated yeah and so there will be people who will be like you know what i'm gonna give her five bucks a month to keep this going yeah well there we go my strategy session for the week
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25:00You've said before, you've used this phrase that there's an anchor price, and that can be the best place to start when you're number crunching and making decisions. What does that mean? So the anchor price is from the PDF. It's basically just the median price per unit of measurement. So price per mil, price per gram of, you know, all the products that I'm putting in the spreadsheet from Sephora and Alta. And I chose median over mean just because mathematically it'll be less skewed. If you have something that is like$100 per mil, it'll pull up the mean versus the median. It's just like the actual middle number.
Read the full transcript
25:35So I felt like that was a better measurement of, you know, what is kind of the going rate for something. And that's really what the anchor price is, if you think about it as the going rate in terms of the price per unit of measurement for a certain product. I feel like that was kind of technical. If you think about, I don't know, we're in Manhattan, like price per square foot of your apartment or something. And you go look at an apartment in Chelsea and it's more expensive than the average or like going rate per square foot. You're going to expect that apartment to have luxury finishes, a doorman, a pool, you know, these things that are contributing to a higher price per square foot.
26:07And if it's not, you probably wouldn't rent the apartment. unless you didn't know. And so that's kind of the anchor price is that you know that this is sort of the going rate for a lipstick or a lip gloss. And then if it's more than that, it kind of allows you to have a frame of reference to ask yourself, why is it more? And is it giving me enough value to justify it being more? Not to say that you shouldn't buy it. Like, you know, there's always a reason to buy a luxury apartment if like those extra things are important to you. It's the same kind of parallel in beauty, it just gives you a starting point to then think about, do I want to pay more or less?
26:42And why not? So the anchor price is the median price in that category. Yes. Yeah. Okay, great. Okay. We're learning the lingo. We're going to be, you know, holidays already on the shelf for a lot of retailers. So we're holiday shopping, you know, already. And many people will be looking for deals around this time of year, whether it's for themselves or for someone Black Friday. Yeah. Oh my gosh, yeah. And I know in the past that you have flagged price gouging from certain big retailers. For instance, what they will do is they will inflate a price, say an item's like$20 normally. They'll maybe sneakily put it up to$25.
27:21And then for the sale, they'll make it$19.50. So it's still, it's on sale, but it's not actually a deal is where I'm going with this. So are they allowed to do this? it's interesting because it's kind of a gray area okay technically retailers you know set their prices and i don't know the intricacies of you know with their brands or how that relationship exactly works but technically they they can yeah what the fdc looks for is called i think false price referencing so if the you know base price is twenty dollars of something and then i don't know, maybe the hour later it goes on sale from 25 to 20 or from, you know, 30 to 25, you're not referencing the genuine original price.
28:10But I feel like what we see happen in beauty a lot is, you know, before the Sephora sale, things will go up one, two, three dollars. And I feel like brands somewhat time their annual price increases like with, you know, pre-Sephora sales events. And that's, it's kind of in a gray area where they're technically moving up the price and they have every right to do that. And so then the sale is referencing that price that has been like genuinely moved up. So it's fine. Oh, interesting. So you're saying that they're going to do a price increase anyway, but they have timed it to a sale and maybe that's to buffer so that people don't get pissed they're like i'm gonna save some money yeah i've seen that happen in the past like but then after the sale it that price is going to be higher yeah yeah it's not so it's not a false price reference in that sense that's what illegal is illegal if it's like something that's going on sale and then it would go i don't know back down to 20 or something after the sale yeah so like price increase in and of itself isn't right oh interesting I feel like that's more happening now in the last couple of years.
29:20Yeah. But I do think them putting the price up and then putting it back down to the original price. That was happening. Is this what they call sneakflation or is sneakflation another thing? There's, I love the terms. I feel like everyone in economics and finance just makes acronyms for things. That's what I always told my friends when I was in banking. I was like, it's not hard. There's just acronyms. And once you learn them, it's easy. But there's sneakflation and then there's shrinkflation, which are related but a little different. Sneakflation is when the product itself kind of changes and the price point doesn't change.
29:56So in beauty, it would be like a formula change. And then shrinkflation is specifically about like the product size decreasing and the price either doesn't decrease or, you know, stays the same or it maybe increases. but I feel like we don't really see sneakflation in beauty that much because there's such an obvious difference when a formula changes. For example, like, you know, the Givenchy Prismay Libre reformulation. They would not have gone away with that. Yeah. Or the powder. Like, it was an uproar. And they take the talc out. It's an entirely different product. But I think it does happen in skincare.
30:33Oh, it does. Yeah. I've definitely seen, like, little asterisks on websites where it's like these ingredients may change from time to time I think and also they're just like as we discover new things or like availability of ingredients or whatever but that is a kind of a safety disclaimer now where they could at any time swap out this for that because it is cheaper and it's so hard as a consumer to track that I agree I've seen it in skincare versus like not color cosmetics. Cause I think the formula of a color cosmetic is it's a little bit more obvious when something like that changes. I mean, I'm not like a product development expert, but especially with like amount of actives in certain skincare, cause I feel like you can somewhat keep the essence and the feel of it while like kind of manipulating it.
31:27Yeah, but it's, I mean, I'm trying to think of the serum that it happened to, but it felt the same. And then I was trying to like look into it, but it's really hard to access like that detail of information. So it just kind of sucks for the consumer. Yeah, I mean, there could be whole reformulations that even are announced as reformulations, but they're kind of coded as being for this new and improved. But in fact, it could be due to price issues. Or like a certain retailer is making everybody be vegan all of a sudden, or what have you. It could be a lot of different reasons. But it could be for cost reasons.
31:59Sure, yeah. I think primarily, yeah, if you're looking at a bottom line, absolutely. And Rachel, frankly, how you came on my radar was back in March of 2023 when you were the first person to call out Milk Makeup's shrinkflation. So guys, this was when Milk Makeup had their blush sticks that used to be like the size of a deodorant for a lack of a better descriptor. And then so they were one full ounce and then they went down to 0.21 ounces. So they were a fifth of the size of the original and they charged the same, I think. I think it was the same. Yeah. Or maybe... No, I think it was actually the exact same.
32:36Yeah. So my question for you, are you still on the milk PR? I'm joking. But I honestly was like shocked with how they just slid that in. I know. I was too. I actually did go to their office after that. Oh, you did? So I just don't have fun. Yeah, but it was fascinating to me because the Jumbo before was just an insane amount of product. Yeah. Nobody was ever getting through it. It was too much. Yeah. It was obviously like there's tons of people online being like my jumbo stick from 2015 and years later because it's never rot. And so like the expiry date and that's kind of the way that I explained it.
33:15And I feel like the reason why they probably kick me off the RLS and they're fine with me is because that was I was like, what is the point of you having access to an ounce of product if you're not going to use it? If you're getting the same amount of usable product. Yeah. Does it really matter? And then that's sort of a mental framework of you just wanting to feel like you have more. But at the end of the day, it's the same amount of utility. So I was kind of like, when you think about it in terms of how much use you can actually get out of it, it's not changing. There's just a shock factor of this thing is tiny.
33:48Yeah. And this thing is massive. Yeah. And also, like, I think your headline was like, these contour sticks got five times smaller and no cheaper. Yeah. So I have, yeah, I think that's problematic where, you know, you're charging the same and just hope that nobody notices. Yeah. I do think the price point was interesting to me. Like now it's so long ago that people are just used to it and I have a feeling that's probably what they expected would happen. Like if I were them and from a business standpoint, I'm sure they could have decreased the prices a little bit. Yeah. That was probably a choice that they made to just kind of keep it moving.
34:23Keep it moving. Yeah, exactly. Yeah. But at the end of the day, like it's still a great product. It's still, I haven't even, on the small one that I've had for, you know, the last year, I'm still not even through it. So there is the argument that, yes, you're paying the amount, the same amount for the same amount of utility. But if they were producing the one ounce at that price for so long, like, and making certain margins, I can't imagine that they were just bleeding money on the one ounce. So it's a fair call out. Yeah. Now, I actually am a really big fan of the little milk makeup sticks. I really like them.
34:55I love the cool shades. I also love the holographic stick. I don't know if you've tried it. Oh, yeah. It's pretty much the same thing, but it's a clear tube. And it's absolutely a dupe for Chanel Balm Essential. Yeah. It's much less expensive. It's the closest dupe that I have noticed. Yeah. And again, a lot less expensive. However, I was on TikTok, good old TikTok, the TikToks the other day. And I noticed, I don't know if you saw this, but there was a creator who had the Chanel bomb essential multi-use glow stick is officially what it's called by the way it's it's like 50 bucks in the U.S. yeah 65 in Canada yeah and she had pushed it all the way to the top the stick and it looked like what was at the top was actually about the same size as the milk makeup because the milk's in that little teeny tiny tube and so that's what you're getting she chopped it off though she took the sticker off the bottom and took like a pencil or something, she pushed it up.
35:58And what was in the hidden black tube was like three inches more of product. When it was originally pushed up, it was like two inches. So it was actually more product than what was what, you know, normally you would think you have. Yeah. And it's interesting because, you know, I think for a long time, makeup artists have used like lipstick brushes and stuff, knowing that you can continue to use. But I don't think we would imagine that much product. Yeah. I think I know what video you're talking about. Yeah. It's kind of at least I think maybe a couple people did videos like that eventually. But I think one of my friends, Tara or Tara, did a video and it was shocking to me.
36:41I had never seen that before because, again, I'm not, you know, like a product developer. Yeah, exactly. You just don't know what you don't know in that sense. And I was shocked. Well, it was interesting because there were people jumping into the comments and I think some people clearly were in the industry and said, yes, they have to do that because if they didn't have that kind of balance of weight, it would just fly off. Like you kind of need that stability. And when you think about it and you think about the milk makeup, it is very tiny. There's no bottom. It's this twist step, but it also is problematic.
37:15Like you take the cap off, your finger inevitably goes into it, you know? So if you want this other type of more like a lipstick, then you're going to have some of that quote unquote waste. Yeah.
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39:19Are there a few brands that you just know are always thinking about value? yeah I think there are some in both areas of I feel like beauty all around in terms of skincare and makeup for makeup what comes to mind for me I think Tower 28 has always been great um they are they're a really accessible price point like they're I think it's their one liner the I think that's what they call their lip liner specifically is great value one of my favorite products also the formulas are good like you're not getting yeah bad quality you're getting just as good quality is, you know, other things on the market.
39:54So I love them. Multi-use liner. Yes. You can use it on eyes. Exactly, which is great. And then like that's a hard thing to quantify, but you also have more utility in that sense of the product, which is awesome. I also love Say Beauty. I think they do a really good job as well. They're a little bit more expensive, but again, they have a lot of multi-use products. Like I love the glowy, I always forget the name. They're like glowy. Yeah, crazy long name. But I love that. It doubles as a highlighter for me because I'm not a huge like glitter highlighter person. I like a more natural glow. And then on the skincare side, I love the Inkey List.
40:29I think it's really good value. I really like their cleansing balm right now. I think even more drugstore brands like CeraVe, kind of the classics are kind of tried and true for a reason. But you know, I also in the same vein, I love a brand like Caudalie. So I'm willing to splurge where I feel like it's worth it. And I mean, Caudalie is expensive, but Caudalie is one where you can get around it if you ever go to Europe. Yeah. It's better over there. It's the French pharmacy brand in France. And you can save like 40%. Oh, yeah. Oh, didn't know that. Yeah. Oh, interesting. It's on the shelf beside like a Roche-Posay.
41:05Yeah. I just didn't realize it was priced that much less there. And I definitely want to touch on The Ordinary because they've always been transparent about their no-frills pricing. And I remember when they came on the scene with the$9 serum and it blew everything apart. Right. And earlier this year in March, they had their store in Manhattan where they were selling a carton of eggs a dozen for three dollars and like twenty seven cents or something to point out like how inflation is just getting out of hand. Yeah. Which were normally as much as like eight dollars and seven eight seventeen a dozen.
41:40And they were selling it for three thirty seven. Excuse me. So some people called it a marketing stunt. But I mean, I think that their point was well made, you know, and they're kind of about standing for keeping things no frills, keeping things affordable for people. Although I do remember last year because I reposted this or I said something about it. They posted on Instagram and said, we will be raising our prices by this amount due to tariffs or what have you. Yeah. And I was like, honestly, respect. I think that they are they have positioned themselves as being a value brand. they're so cost focused that they always do have these prices like yeah 337 you know it's very right like specific so they're not even rounding up but i appreciate the fact that they were transparent about it instead of just sliding it in like oh people aren't going to notice that everything's 30 percent more now and you know i think that transparency is so key and they even do like in november they do not do any black friday deals they have a whole month where it's like a certain percentage off.
42:42So yeah, I think they really like stand behind that value proposition and have. And I know that Elf issued a statement in August saying that they were going to raise their prices by one dollar across the board. And again, I think when they when they're dealing with such small margins, it's like at some point something's going to shift. And yeah, you know, that I think that's to be expected, but kudos for declaring it, I think. Yeah, and they said 75 % of the e.l.f. products are still$10 or less. Yeah. So, which is incredible. And the comments are like, yo, but you still had money to buy road? They can't win.
43:23They can't win. Unfortunately, those pools of capital are entirely separate. Yeah. Buying road is not. Yes. It's not everything to do with their pricing. See, this is where we need your expertise. You need to weigh in on those little spicy comments. Well, I couldn't before, but now I can. Yeah, totally. It's interesting to see how cosmetic brands are dealing with the tariffs. Like I know that a lot of Canadian beauty brands have had to shift like warehouse products in the U.S. so that they can more easily ship directly from here. And I know that Renee Rouleau, she's an esthetician who's been on our show and I love her skincare products.
44:00and I'm on her mailing list and she had sent out a mailer to all of the their customers saying that they were actually going to discontinue seven of their SKUs that are the least popular they're going to focus on the ones that they know just do the most sales yeah and so with that I think it's because insider baseball a little bit, but if you're like, there are price breaks depending on how many units you're manufacturing. Yes. So you can have those margins if you're at this certain level. So I think it's like, if they're not doing enough sales, they're just point blank, like eliminating these seven SKUs.
44:43So they were kind of like, get them while they're hot. But it also helps to them to be able to stand firm on their pricing and not have to raise prices. Yeah. Which, yeah. So it's, you know, it's interesting, again, the transparency and to try to help the consumers out. Yeah. And I think that's a smart tactic because rather than raising the price of people's favorites, you let them know, hey, we're taking away these ones that maybe you don't love. Yeah. But that's so that we can still deliver the same value at the same price on the things you do. Exactly. And that's fair because the reality is that this is something that businesses have to deal with.
45:19And so I kind of, to play devil's advocate for the brands, like when they try to do something and then they get backlash for it, I'm kind of like, they have to do something because there's this huge looming issue that, okay, if they don't do anything, maybe you're happy, they'll go bankrupt. so like they have to respond in some way the question is what is the best way to do that exactly and I think things like that are great or you know even if they're raising prices being transparent about it but also educating people because I think like you give people a context and then they're not going to be jumping for joy about it but at least there's an understanding of of where they're coming from so and they still I would say across the board beauty we have not seen a price increase that's parallel to like what we've seen in groceries.
46:08Yeah. Or even fashion. Yeah. I saw someone talking about a cost sweater, a cashmere sweater that I think it was really cute video. Honestly, she's like, I buy myself one every year. Oh my God. I was like, that's kind of she said it went to like, I think from 200 to 400. So I think the beauty community, which is great, is very passionate and very outspoken. And so when you're getting even maybe a$5 price increase, people are freaking out about it. Whereas cost is doubling their prices. And there was one video. If that was a beauty brand, it would have just been like taken over the entire beauty side of TikTok for days.
46:47What do you make of the whole refill revolution that we've had in the past, you know, five years? And so many brands, especially in skincare, moved to these refills and, you know, like the Dyson has for their hair products. So many of them have it. My beef is that I feel like the savings is like$8 on a hundred dollar product. And I'm kind of like, is that really all that the original packaging is worth? I mean, I think we all know by now that what's inside costs about$8 to produce. So are you really passing that savings onto the customer. It's like they're really leaning on the customer's ethical, moral, that this is going to be more recyclable and less waste.
47:34And it's just like, but are you really meeting us halfway? And I'm curious what, I know you don't work in the industry in terms of manufacturing and like to see really how much this is saving in terms of waste, but from a cost benefit analysis. What's your take? I completely agree. I kind of think that the refill for majority of the brands is kind of BS and they're, to your point, preying on people's ethical, like wanting to be better for the environment, et cetera. But yeah, the reality is that for them to fully end to end produce the full product and then to only give you an 8 % discount to buy what's inside, you know, the packaging costs more than 8 % of the product.
48:22So it's like you're technically paying more for the refill than the full size product. And that sucks. Yeah. This is like our, I wonder, and people who are in the industry can jump in, are there brands who are like making bank from their refills because their margins are like that much higher? I mean, that's a great question. And there probably are because all they have to do is just produce the inside and it doesn't have to be in a cute packaging because you know that's not what they're selling it to you for I think if I try to think of an example of where I actually do buy the refills the only one where I bought the refills has been with Caudalie and because I think I found again I really only purchased Caudalie in the EU so it's a different calculus on buying it but I think their cream like my mom loves this cream their premier crew oh yeah purple yeah and I think their refills are 20 % cheaper than the full product.
49:21And so I feel like that's kind of where I will lean towards making the decision. If it's like a 20 % discount, more is better, obviously. But that's where I'll kind of be like, okay, you know, I'll buy the refill. And Caudalie's packaging is beautiful and it's very luxe. And so I also kind of feel bad throwing it away. I'm like, I might as well go get the refill and then I can keep this like nice glass packaging. So to me, that is worth it. If I'm A, getting a discount that feels good enough, and then B, the packaging is something that is durable. Because also if you're refilling the product, you could hypothetically keep that same packaging for five years.
49:58And so if it's not really sturdy, I'd be like, okay, I'll just go buy the new one because if the pump is broken or whatever. so if the packaging is durable enough and nice enough that I feel like it will withstand the test of time and then I'm also getting a discount that's where I'll purchase it but really aside from quality I can't think of a brand that I've consistently purchased a refill for intentionally I wish we were seeing more of like the olden days I forget which French fragrance brand it was but like you could go to the counter and get a refill on your like angel like just do that I thought it Yeah, they do.
50:32Yeah, yeah. It's like, you know, where you can actually bring your bottle, you know. Perfume is one. Yeah. Yeah. Those bottles are gorgeous. Yeah. Just pour it in for me, you know. And there's got to be ways that they can keep it, you know, from turning just by, you know, keeping it out of light and all of keeping the air out. But yeah, I wish we were seeing more of that. Yeah. Because fragrance is one where those packages are stunning. And if they could offer a meaningful discount on the like$200 perfume, they're so expensive. If it was, you know,$150,$200 perfume and the refill was$100, I would totally go.
51:09And you can like, you could even go higher with the bottle if it was something you were meant to keep for a decade. Yeah, right. That's true. Like the Lisa Eldridge, which I won't shut up about, but the refillable lipstick there to buy the original with the refillable case and the lipstick,$60. the lipstick refill is 30 so it is half see okay that makes sense yeah actual like this is what we want to see yeah okay yeah exactly that's US dollars by the way yeah so it's probably cheaper in pounds this is what it should be I think you're gonna right yeah if you're gonna do if you're gonna go there I love it like Louis Vuitton$165 lipstick that shit better be refillable I love my name on it it better be leather like look like an lb trunk those were crazy you know but are they refillable they probably are i think they are but if you look at the doesn't look like revolutionary to me it's not like i think jivanshi has those beautiful cases where you can get them engraved yeah or sorry yes yes yeah so something like that that was 160 and then the refill of the lipstick was even 40 or 50, but you have this beautiful like case that you can engrave or something like that.
52:23But Louis Vuitton ones, maybe the bullet pops out. I think it probably does, but it just looks like a silver lipstick. Yeah. And frankly, like it's Pat McGrath. Yeah, that's right. I love her. Yeah. And she's incredible. But if like buy a Pat McGrath lipstick. Do you think that this is just stuff? It is refillable. The Louis Vuitton is refillable. Okay, great. Now, how much is the refill? is what I want to know. Let's look this up right now. Yeah, everything's sold out. Do you think that this is just stunt marketing or they're actually like... Ooh, ooh, ooh. Okay. The lipstick refill is$69, guys.
53:03Okay, wow. Which is a fraction of the$160. They're not doing a good job about talking about that. That's true. Yeah. But it's still expensive. Oh, yeah. See, look at how we've skewed. We've skewed our perspective. we're like that's a deal start the car yeah 69 for the refill yeah it's crazy but that's still expensive that's more than i think like tom ford lipsticks are 60 hermes or 80 yeah which is crazy when i saw that i was like hermes lipstick yeah being half the price of yours is why yes yeah it is crazy and dior seems like a steal now i was yeah dior by itself chanel actually came out with a refillable lipstick that was i think it was 150 oh the yeah the one in the silver case yeah i think that's who louis vuitton was sort of inspired by yeah the la rouge it's the refill is 90 oh my gosh so you're still looking at a massive price yeah yeah how much is the original i think the original is like 150 yeah yeah yeah but they obviously do their market research they know that people there's a market out there for this so they wouldn't create it well if you're paying to if you're paying ten thousand dollars for a bag what is it's 195 dollars for chanel la rouge canadian canadian and the refill what did we say it was no 90 90 it's actually even more that does come with a little white leather case than louis vuitton yeah is it leather or is it pleather i don't know.
54:40Anyways, so Louis Vuitton was like, hey, look, we're coming in under Chanel. Yeah. Because that's probably how they price their bags, right? They're probably like this, we're this much less than Chanel. So this is what we're going to do with this lipstick. Yeah. Anyway, we digress. Guys, our last question for you, the holidays are coming. Are you a fan of advent calendars or is there another hot tip that you want to leave the people with. Yeah. So I hate advent calendars. They're fun. And I mean, for content, they're super fun. And but like, I literally think that and this is like not truthful in any way in the sense of I have no idea if it's true, but it feels like they just put their leftover minis in the calendar.
55:26So it's not only random, but it's things that you don't really want. It's like a random collection of these things that like you just, you open the advent calendar and I put it all on my bed and I was like, I will maybe use one or two of these. Right. The only advent calendar that I've actually used everything from was La Mer. And that's because it was La Mer. Yeah. And like they're giving travel size of their moisturizer and they don't have any like products really in my opinion that would be bad in that sense. They also didn't make candles. A lot of them throw candles in there where these beauty brands all of a sudden have candles.
56:00Right. Good point. Or some of them put dice in there or matches or I don't know what it was. Just random. I think the shallow Tilbury one is usually pretty good though. Yes. That one is like all minis of like legit things you got. That's true. I think the one that I'm indexed on was the Dior one was crazy, especially for the price. They had like five candles in there, but it's always kind of been like that. And so you get it knowing that it's not going to be like the most useful thing for your mom. For a good holiday. Or your friend. If you are frugal, we know you're logging this in your fun spreadsheet.
56:34I'm a big value gift set. I think the advent calendars aren't really the greatest gift. They're more fun. If you know somebody is going to love the process of that, I think it can be a good gift. But if I'm wanting to give somebody a really good value item, I love the gift and value sets and you can find some really good deals. But the trick with it is making sure that it's something that you're going to use again because if you have you know the full size cleanser of something and then they gave you this travel size serum where technically together it's good value but you know you're never going to use the serum then don't do that but if you're getting you know the full size and the travel size of one of your favorite products for the same price as the full size that's great because then now you have something to travel with and I think one of my favorite ones last year was Makeup Forever did their like artist pencils and they had like six minis yeah we talked about that and it was great value it was so that's something that is awesome because also those pencils i don't think i've ever gone all the way down and why they last forever so i don't even mind having the mini because again it's like i'm getting the same utility probably as the full size i love that you're kind of like cost per wear like the way that you are with clothing it's all about utility yeah yeah yeah and that's kind of the way that i quantify it in beauty because it's a little bit different from fashion where, you know, one wear is one wear.
57:58And that's standard for everyone. Like I put on my shirt, I walk out the door, that is one wear of the product. Whereas if, you know, you like a ton of blush, I don't like as much blush, I could get less wear out of it. So you have to know what your like personal usage is. And any final tips or tricks, is there anything that you just by principle will not buy because you think it's such a waste of money in beauty? That is a great question. I honestly think that for me, fancy sunscreen is a no. I love Beauty of Jozen. I think it's really well-priced. And I think you can get, what's that retailer called?
58:37The... Dalvana? Yes. You can get all the access to like K-beauty brands that you need and they're extremely well-priced. And so if there's like a$60, $50 fancy like SPF serum I never really go for that even if it's infused in your skin tint or your foundation or whatever I think you should always just use a good proper SPF no matter what and so that's kind of one thing where I can't be strayed to buy the$50$60 one because the value is so effective and they're so good and the Caudalie one you can buy in the French pharmacy is really good yeah yeah I bought their stick it was crazy the little stick was like eight euros there, whereas it's things like$30 over here.
59:16Yeah. Well, we know what you, like, you probably bring an empty carry-on when you go to Europe. I do. The girl math is you need a trip to Paris so that you can save all the money on the cosmetics. That's girl math. Thank you so much for joining us today and enlightening us with all of your insights and your strategies for shopping. We love it. Thank you so much for having me. Thanks for listening. You can find details on every product mentioned in today's episode, along with our exclusive promo codes on our blog at breakingbeautypodcast.com. While you're there, be sure to sign up for our newsletter.
59:55Every episode will be delivered directly to your inbox so you won't miss a single thing. And get social with us. Let us know what you think of the episode. You can follow us on Instagram at Breaking Beauty Podcast. And did you know we also have a private Facebook group? Just search Breaking Beauty Podcast chat room. You can even leave us a voicemail at any time with questions or feedback at 1-844-227-0302. And don't forget to subscribe to us wherever you get your podcast fix. Spotify, Stitcher, Google Podcasts, and Apple Podcasts, where you can show us some love by writing a review. See you next Wednesday.
1:00:46Please note that this episode may contain paid endorsements and advertisements for products and services. Individuals on the show may have a direct or indirect financial interest in products or services referred to in this episode.
From the publisher
Just in time for the Sephora Savings Event (October 31st - November 10th), we’re sitting down with finance‑savvy beauty creator Rachel Wiseman — the brain behind the viral “Beauty Math” series — to decode the real cost of beauty products and the smartest ways to shop the season. Listen in to discover why beauty math literacy matters and how it can prevent you from feeling like you “got robbed” whenever you leave the store.
Subscribe and watch this episode on YouTube!
In this episode you’ll discover:
- How do sneakflation and shrinkflation apply in the beauty industry? The way brands shrink their product sizes or inflate “deal” prices while selling the same product.
- What “anchor price” means and how it affects your purchase decisions.
- The 2025 version of the “Lipstick Index” – does it still hold?
- How tariffs and loyalty programs are influencing beauty pricing and whether refill products truly save you money.
- Her category‑by‑category cheat sheets: the best value skincare, eyeshadow palettes, multi‑use makeup, and packaging that gives you the most bang for your buck, explained.
- Holiday shopping tips you’ll want to bookmark: mini vs jumbo sizes, Advent calendars, and what deals are genuinely worth it.
For any products or links mentioned in this episode, check out our website: https://breakingbeautypodcast.com/episode-recaps/
Get social with us and let us know what you think of the episode! Find us on Instagram, Tiktok,X, Threads. Join our private Facebook group. Or give us a call and leave us a voicemail at 1-844-227-0302. Subscribe to our Sign up for our Substack here.
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Find your fall staples at Quince. Go to Quince.com/breakingbeauty for free shipping on your order and 365-day returns. Now available in Canada, too.
Nutrafol
See thicker, stronger, faster-growing hair with less shedding in just 3–6 months with Nutrafol. For a limited time, Nutrafol is offering our listeners $10 off your first month’s subscription and free shipping when you go to Nutrafol.com and enter the promo code BREAKING.
Canopy
Go to getcanopy.co to save $25 on your Canopy Humidifier purchase today with Canopy’s filter subscription. And look for other Canopy products such as the Canopy Bath and Shower Filter. Even better, use code BEAUTY at checkout to save an additional 10% off your Canopy purchase. Your skin will thank you!
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