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As always: We want to hear what our listeners think! What are some ways that you can improve your tech stack by diversifying the tools that you are currently using?
Let us know in the content section on Futurecommerce.fm, or reach out to us on Twitter, Facebook, Instagram, or Linkedin.
Have any questions or comments about the show? You can reach out to us at [email protected] or any of our social channels; we love hearing from our listeners!
Retail Tech is moving fast, but Future Commerce is moving faster.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
As always: We want to hear what our listeners think! What are some ways that you can improve the path to purchase for your customers, and what information can you give them to educate them around your products?
Let us know in the content section on Futurecommerce.fm, or reach out to us on Twitter, Facebook, Instagram, or Linkedin.
Have any questions or comments about the show? You can reach out to us at [email protected] or any of our social channels; we love hearing from our listeners!
Retail Tech is moving fast, but Future Commerce is moving faster.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
As always: We want to hear what our listeners think! What is a channel that you currently do not use to acquire or convert customers, and what are some tools you could employ to make use of that channel?
Let us know in the content section on Futurecommerce.fm, or reach out to us on Twitter, Facebook, Instagram, or Linkedin.
Have any questions or comments about the show? You can reach out to us at [email protected] or any of our social channels; we love hearing from our listeners!
Retail Tech is moving fast, but Future Commerce is moving faster.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
In the first episode of Season 2 of Step by Step, Scott Hill, SVP of Product at Brightpearl is on the show to talk about Brightpearl, the technology ecosystem, and how this season of Step by Step is going to teach our audience how to build an eCommerce Tech Stack!
As always: We want to hear what our listeners think! What is a step you can take today to improve the knowledge regarding your technology stack?
Let us know in the content section on Futurecommerce.fm, or reach out to us on Twitter, Facebook, Instagram, or Linkedin.
Have any questions or comments about the show? You can reach out to us at [email protected] or any of our social channels; we love hearing from our listeners!
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
As always: We want to hear what our listeners think! What are some changes you could make today that will better align your brand with a more sustainable model?
Let us know in the content section on Futurecommerce.fm, or reach out to us on Twitter, Facebook, Instagram, or Linkedin.
Have any questions or comments about the show? You can reach out to us at [email protected] or any of our social channels; we love hearing from our listeners!
Retail Tech is moving fast, but Future Commerce is moving faster.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
What is BuzzFeed Today?: Evolution Through the Years:
Nilla’s Story: A Meteoric Rise:
The Scoop on Affiliate Commerce: A Modern Model?:
The Role of Content: Shifts in the Path to Purchase:
Technical Hurdles: Protecting Consumer Privacy:
The Power of the Publisher: Empowering Retailers:
A New Approach: What Does Commerce Mean to BuzzFeed?:
New Expectations: Weaving the Customer Journey Through Disparate Properties:
The Content Game: Is Doing It Yourself the Best Choice?
Capturing Gen Z: Untapped Potential:
Brands Mentioned in this Episode:
As always: We want to hear what our listeners think! What are some ways that you can leverage content to promote your brand and maximize your commerce potential?
Let us know in the content section on Futurecommerce.fm, or reach out to us on Twitter, Facebook, Instagram, or Linkedin.
Have any questions or comments about the show? You can reach out to us at [email protected] or any of our social channels; we love hearing from our listeners!
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Phillip & Brian are joined by Aubrey Bergauer to talk about marketing in the arts. Aubrey discusses that orchestras need to better serve the general population by making orchestral music more approachable by the general population. Not a change in product, rather a change in presentation.
Brian and Phillip are joined in today's episode by Aubrey Bergauer, Vice President of Strategic Communications & Executive Director of the Center for Innovative Leadership at the San Francisco Conservatory of Music and the Chief Executive Officer of Changing the Narrative.
Aubrey is changing the narrative of orchestra direction and bringing arts management into the digital world.
When the product is not the problem, how do you pinpoint and address issues in customer retention and sales?
Reaching new audiences should take priority over catering to your most loyal customers when it comes to designing your marketing.
Phillip met Aubrey at the 2019 Magento Imagine Conference.
Aubrey is a self-proclaimed classical music nerd and has wanted to run a classical music program since high school (which no one ever says).
When she was in high school, her orchestra went through a management change, and that is when the lightbulb went off that that was what she wanted to do.
She has been combining her degrees in performance and business for fifteen years in a career in arts management.
Believe it or not, Aubrey played the tuba, which is such a large instrument that she had to sit on phone books to play when she was younger.
Aubrey liked the feeling of breaking the mold when it came to playing the tuba, a trend which continues into her current life.
The tuba wasn't developed until much later in comparison to other instruments in the orchestra, so Aubrey's favorite music correlates with the time of its development.
Sergey Prokofiev is one of her favorite composers, and his 5th Symphony is one of her favorite pieces.
The playbook for orchestras has existed for decades, and the art form as a whole has been around for hundreds of years.
Orchestras were founded at a time when arts and culture were synonymous with entertainment, and about half of the revenue comes from ticket sales, and the other half would come from donations.
As the 20th century progressed, loyalty became more fleeting, so the subscription model dwindled in comparison to patrons buying single tickets.
Aubrey points out that the subscription model isn't dead, but how do you achieve loyalty amongst your customer base?
Classical music has survived as an art form for hundreds of years because the music is so good.
There is an oversupply of musicians, which means that everyone in an orchestra is at the top of their field.
The enduring level of talent in musicians highlights that the problem regarding audience attendance doesn't lie in the music itself, but rather in the customer base.
How do you program towards audience behavior that contrasts with more traditional orchestra models?
Aubrey states that the website for the San Francisco Conservatory of music is the most public-facing ambassador in their organization.
More people visit their website than will ever visit the orchestra in person.
When thinking about the digital experience, many first-timers did not return because their digital experience was awful.
Website visitors would give feedback stating that they did not understand the terminology used on the site, which provides Aubrey and her team with actionable changes.
In general, orchestras have traditionally designed their websites, assuming their visitors will have a baseline level of knowledge that doesn't exist.
The people who do have this level of knowledge are already your subscribers, so stop designing for them and focus on the vast majority of people that don't fit into this category.
How do you facilitate change in a world that is based upon tradition and established values?
Jargony words and technical language is a gatekeeper that deters an audience that you have not reached.
When you have a good product, and people enjoy, you need to take a step back and analyze what is causing your brand not to be successful.
Amazon Prime is changing expectations with product discovery by providing a new experience when it comes to the process of finding new products.
Who is the tastemaker in an orchestra?
There has been a movement that has evolved the typical curated experience in which orchestra attendees prefer to have more choice in what they experience with their orchestra.
How do you pay homage to a traditionally elevated experience yet still update that experience and make it fun by modern standards?
Aubrey explains the Long Haul Model, which is a new paradigm that solves the problems of audience attrition, churn, and aging.
No matter who you are in relation to an organization, the model says that there is just one next step for you to take as an attendee.
Instead of separate departments, Aubrey created one patron loyalty department that executes the Long Haul model.
Non-profits have boards with people who have roles at for-profit businesses who then govern an institution that is not a for-profit business.
For-profit employees typically haven't been trained to manage non-profit businesses and represent 1% of dedicated orchestra-goers.
As leaders in the arts, data should be used much more in regards to making business decisions because your audience is an essential part of your organization.
How do you leverage data when it comes to appeasing a board?
The changing demographics of this country are a big challenge to overcome when it comes to classical music organizations that are typically "super white and play a lot of music by dead white guys."
Orchestras are over-indexing on white audiences and trying to design for them when that is a shrinking percentage of the population.
How do orchestras become more inclusive, more welcoming, more inviting, and less elitist?
The arts have to make a case for support when there are so many more social justice causes that are also asking for help.
San Francisco Conservatory of Music
Changing the Narrative
Amazon Prime
As always: We want to hear what our listeners think! What are some actionable steps you can take today to increase your customer retention based on the insight provided by Aubrey in today's episode?
Let us know in the content section on Futurecommerce.fm, or reach out to us on Twitter, Facebook, Instagram, or Linkedin.
Have any questions or comments about the show? You can reach out to us at [email protected] or any of our social channels; we love hearing from our listeners!
Retail Tech is moving fast, but Future Commerce is moving faster.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
This week, Phillip talks with Ian Leslie, CMO at Industry West on topics that every CMO needs to know.
Ian Leslie, the Chief Marketing Officer at Industry West, joins in on today's episode.
The modern CMO goes beyond just driving awareness for your brand and relies on your knowledge of the tech stack and how to leverage that tech stack to reach customers that you need.
Ian gives some insider perspectives on what is working and not working when it comes to marketing for a successful ecommerce brand.
How can you best arm yourself to be a successful marketer in a world that is oversaturated with content and noise?
Industry West is an eCommerce furniture company that has been around for about ten years and was founded by Jordan England and Anne England.
Jordan and Anne were looking for chairs for their house and went straight to the manufacturer, where they had the idea to sell those products to consumers.
Ten years later, Industry West has furnished many spaces owned by name brands, and you have probably sat on Industry West furniture without knowing it.
Ian has been with Industry West for about five years now.
Industry West is running Magento 2.3, which is tied into Netsuite that pulls order in real-time into Magento.
Salesforce is being added to the sales team very soon.
On the eCommerce side, Industry West uses Nosto for personalization, onsite search functionality with Klaviyo, dotdigital for journey building and consumer-side email, ShipperHQ, and TaxJar.
Now that they are breaking into brick and mortar, Industry West is using ebizmarts for its POS (which is just a skin for a Magento store).
Ten years ago, CMOS did not have an in-depth knowledge of their tech stacks that is required to be successful in our current climate.
For someone who was raised as a digital native, technology has become engrained in the language of an omnichannel marketer.
Being on the ground with technology and genuinely understanding the functionality behind it is critical in knowing how to implement that technology best.
How can you get to know your tech stack better?
The trade market uses a lot of the same digital platforms that are on the B2C side of the business.
Primarily, trade customers shop as if they are a regular consumer and have a lot of the same questions regarding the products.
Once the trade customer is acquired, the focus shifts to the retention of that client and getting the buyer to purchase for additional clients or locations.
The trade market is still an old-school industry when it comes to the tech stack, and there are emerging companies that are serving this vertical.
Industry West just launched a new venture called Favor.
Two holiday seasons ago, Industry West noticed a massive uptick in the interest of homewares, so they created Favor to serve this interest.
Favor is a different aesthetic than Industry West and focuses on an altruistic effort of working with real people who work with textiles.
When you are very broad in category, you begin to lose the nice that initially made you stand out, so branching off into a sister company could alleviate that dilution.
Industry West has seen significant wins with personalization regarding what is being recommended to customers to changing the homepage depending on the buyer.
One to one chat has also proved exceptionally fruitful, and people that chat with a rep online are much more likely to place an order.
There have been some large one-off buys with larger publications that have not proven to be an effective use of funds.
What are some efforts that have proved lucrative to your brand, and why do you think they worked?
Industry West is growing quickly but is still entrepreneurial and has a consistent forward push across all employees of the company regardless of position.
The ability of the founder to source products and getting designers to want to work with Industry West is another great strength of the company.
A weakness (but more so an opportunity) is that Industry West is entirely bootstrapped, so everything goes back into the company, which is a fantastic opportunity to not answer to any investors granting a nimble and agile ability to adapt to change.
Industry West is profitable, and a lot of the unicorns that have received tons of venture capital will prove not to be profitable.
Is Industry West prepared for a potential economic slowdown within the next 18 months?
Industry West as begun accounting for tariffs by swallowing the costs on some of the pricing.
There is always a swing in the economy during an election year, and Industry West keeps tabs on loan rates and interest rates.
They are so fluid in how they operate at Industry West, but that doesn't mean that they aren't worried about the potential repercussions on an economic shift.
Strategic growth for both brick and mortar and online business are consistently on the horizon and part of the strategy for Industry West.
For the first time, they are beginning to understand the levers and seeing particular outcomes for actions taken.
Brick and mortar expansion is a goal, and they are looking at presence in Los Angeles within the next few years.
Everything that comes in for business is primarily inbound, and Industry West is going to start exploring trade shows as a potential method of acquisition.
Chipotle was fined $1.4 million in a recent child labor case for having dozens of 16 and 17-year-old employees work for longer than 9 hours a day and more than 48 hours per week.
Brian and Phillip think that there will be much more third party validation so that consumers can see what is going on at chains like this in regards to their labor force.
Phillip is consistently impressed by a weekly newsletter from Sari Azout called Check Your Pulse, a tech and startups newsletter designed to make you feel human.
If you're not subscribed yet to the Future Commerce Insiders Newsletter, then you should do that right now!
Industry West
Netsuite
Magento
Nosto
Klaviyo
dotdigital
ShipperHQ
TaxJar
ebizmarts
Favor
As always: We want to hear what our listeners think! As a marketer, how can you arm yourself with knowledge of your tech stack to take your business to the next level?
Let us know in the content section on Futurecommerce.fm, or reach out to us on Twitter, Facebook, Instagram, or Linkedin.
Have any questions or comments about the show? You can reach out to us at [email protected] or any of our social channels; we love hearing from our listeners!
Retail Tech is moving fast, but Future Commerce is moving faster.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Is Omnichannel really dead? How are niche brands reaching an entirely new (or not so new) generation of customers? And does Coty know what to do with Kylie Cosmetics? Find out during our LIVE NRF 2020 episode where Phillip and Brian are joined by Ingrid Cordy!
Brian and Phillip are joined by Ingrid Cordy live from NRF 2020!
The Future Commerce Vision 2020 Retail Report is out and contains tons of predictions for where commerce is heading in 2020.
The Filter Bubble restricts people from ever seeing content from outside their social circle, but how do we expand our social awareness?
What brands are going to be making exits in 2020 and why?
There will never be another Michael Jackson in regards to his pop iconography, as many more content creators create content and media.
As the world is becoming more fragmented and more niche, you begin to find your niche community that provides its unique perception of reality.
Forty years ago, everyone shared the same media experiences (such as the moon landing), which became cultural moments of the world.
The visuals we have from mainstream media of pivotal moments in history would never occur today because we now view events through Snapchat and Instagram stories.
Download the Future Commerce Vision 2020 Retail Report to get more insight on the Filter Bubble and other predictions the team has made.
Almost 2.5 billion people participate in the properties that Facebook owns, and with those numbers, Facebook has the power to influence an election.
Television was the first disruptor in politics, and the debate between Kennedy and Nixon swayed the vote in Kennedy's favor and served as a turning point between media and politics.
Facebook will not fact check ads going into the political season, which is an example of a stance that social media platforms can take when it comes to delivering content to their users.
How do aspirational brands reach no customers if the world views of potential clients are so limited due to the filter bubble?
Getting people to explore outside of their bubble is a big challenge.
Your social circle and the people around you affect the way that you see the world, so smaller niche brands enjoy an audience that is outside of the mainstream culture.
Aspirational brands can be effective, but Phillip predicts this will be based on word of mouth and the trust you have from your social circle.
Ingrid predicts an increase in the need for social proof and refinement in the next generation of influencers.
We are coming out of a period of brands going through explosive growth, but Brian predicts we are entering a period where brands want to become something that sticks with people for a much more extended period of time.
Everything today seems to be ephemeral, and what happens today doesn't matter tomorrow.
Consumers are starting to get tired of brands always focusing on the "new" and are tired of continually discovering what has changed.
Staying power is proving to be more and more desirable from the consumer base, so brands are shifting their approach to be more dependable.
The things that matter to you and that you put a value on will become more niche and more local to your tribe.
The social community value of niche brands can be more valuable than broadly recognized brands that everyone has heard about.
If we trend towards how communities interact and care about each other, we will automatically create places for sharing things beyond your internet bubble.
Each city has its own Chamber of Commerce, which is a great place for brands to share their experiences and advice with other brands.
Local isn't just a physical location; it is wherever you happen to be.
There's an emerging trend of very young kids in school who will log onto Fortnite, not to play the game, but to be with their friends for hours at a time in a digital locale.
Taking local online to digital locations virtualizes and redefines everything we know about local.
Most of our shared experiences are very short experiences, and meme culture is rapid and happens in an environment of fleeting recognition.
Back in November, Coty Inc. valued Kylie Cosmetics at $1.2 billion and paid $600 million for a majority stake in the company.
Ingrid has doubts that a big legacy brand like Coty knows what to do with a trendy brand like Kylie Cosmetics.
How can Coty leverage their expertise to make the most out of Kylie Cosmetics, and what can they learn from Kylie's ability to capture the attention of a sought after consumer base?
Just because a brand sells the same type of product does not mean that it does the same thing as other brands in the same space.
Casper just filed to go public, and Coty just bought Kylie Cosmetics, but what other large brands could be making an exit this year?
Ingrid predicts that Everlane could be exiting because they have been around for a long time and are doubling their brick and mortar presence this year.
Brian predicts that Cuyana will be purchased or make an exit this year.
Phillip thinks that Glossier has a tremendous amount of brand awareness and thinks that expanding their reach will be easy with their VC money.
Over the next ten years, Phillip predicts that we have the opportunity for technology to enable the consumer to tell the brand how they want to be talked to.
Allowing customers to experience things how they want to experience them is a filter bubble that is virtuous.
If you don't want to see anything that uses animal products while shopping, there should be a filter that applies across all of your online shopping that removes that content.
A more venerated way of the customer telling brands how they want to be interacted with is a future we can strive towards.
Omnichannel has shifted to be consumer-focused, and that is the new (and better) way to describe what omnichannel was.
Amazon has not exhibited in as large of a way as they did at this year's conference ever before and are petitioning themselves as a technology stack for retailers to take advantage of.
Ingrid wants to see an interaction with a regular consumer in which they comment on what is happening at the show to get an outside perspective.
Phillip wishes there was a section of the show that was dedicated to sustainable solutions.
And finally, Brian wants to see a metric that shows what solutions or brands are gaining traction at the show.
Snapchat
Fortnite
Coty
Kylie Cosmetics
Casper
Everlane
Cuyana
Amazon
As always: We want to hear what our listeners think! Do you agree with the predictions made by Brian, Phillip, and Ingrid? What do you think the next year holds for the world of commerce?
Let us know in the content section on Futurecommerce.fm, or reach out to us on Twitter, Facebook, Instagram, or Linkedin.
Have any questions or comments about the show? You can reach out to us at [email protected] or any of our social channels; we love hearing from our listeners!
Retail Tech is moving fast, but Future Commerce is moving faster.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Download the Vision 2020 Report Right now
The next phase of the growth of your business will be based on your ability to plan for the changes coming over the next 10 years. Things like outsized customer expectations, online behemoths and marketplaces like Walmart and Amazon, Generation Z coming of age, aging of the Millennial population, and a whole lot more there are things to consider in the 2020s that will either put you ahead of the pack in your DTC or retail business or at the back of the pack. In this podcast, we break down what you need to succeed in the next 10 years, from our perspective as analysts.
Future Commerce partnered with Gladly to create a comprehensive report on what 2020 retail will look like, and it's available for download.
The report is a buffet of Future Commerce predictions all in one place
Want this report? Of course, you do, click here →
Brian and Phillip cannot go more than a week without making predictions
This is the year where profits are king
Something we've seen at Future Commerce is that the relationships that retailers build with their customers can indicate if they can retain those customers long-term.
And brand trust is super important because it allows brands to take risks and loyal customers to follow that journey.
It's a new world: Zebras > Unicorns
The evolution of health and wellness is going to evolve beyond what we can currently understand.
How can the products that you purchase help make your life better?
GenZ is a totally different generation, and GenZers are interested in a very different world than Millenials.
We covered this in our Future Commerce Insiders #18, where we talked about CARLY (Can't Afford Real Life Yet), as the new generation of shopper.
And while CARLY might value a new experience, they're also natural creators, seeking out new marketable skills.
And as Brian said: "CARLYs are learning skills because one, they care about sustainably doing things. They care about the environment. And so they're patching their clothes, and they're making their art, and they're doing things for themselves. We live in a Minecraft world where people want to build out things for themselves and build experiences for themselves and use those experiences."
As we learned in 2019, sustainability is a lot more than just a buzzword; it's the path forward for retail.
Second-hand commerce is more sustainable, it allows for less waste, and resellers can capitalize on this.
The story for sustainability has to continue in the 2020s
Brands that are leading the way are public-benefit corporations or B Corporations, which is always a significant focus on our show.
Want to hear the rest of the key trends for 2020? Check out our report on the Vision of 2020 with Gladly, it has all of the info that you need to be able to indeed stay on top of the future of retail.
Download the Vision 2020 Report Right Here!
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
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