Podcasts about mission daily

A real HOLY Cow! Why one wheel on your shopping cart is always wobbly! And a nursing home got Valentines from a Funeral Home!? That's what Paul Layendecker is BuZzin' about today on The Daily BuZz!!See omnystudio.com/listener for privacy information.

After more than two-and-a-half years and nearly 300 episodes of uninterrupted commerce content, we're taking a brief pause. Stephanie and the team behind Up Next in Commerce is busy cooking up some fun and exciting ideas for our next season of the show, and while that's happening, we'll be pushing pause on releasing new episodes. But we'll be back, and we want to hear from you about what you want to see and hear when we return! So get in touch by emailing info@mission.org. And in the meantime, you can keep up with Stephanie by listening to the Mission Daily podcast! Mission.org is a media studio producing content for world-class clients. Learn more at http://www.mission.org.

In order to better prepare for the next season, IT Visionaries is taking a short break! After four years of continuous production, we're hitting pause in order to reassess and reexamine the program. We love learning more about how technology impacts fields outside of software, such as aviation, healthcare, and the environment. But we're open to everything! If you have any suggestions for guests, industries, and topics to cover, send them our way! And in the meantime, stay tuned for updates.Mentions: Mission Daily - https://mission.org/mission-daily/

Mission Daily is back! So… where did we go? (And why did we leave?)Our Mission Daily reboot kicks off with a recount of everything that's happened since we went radio silent. Meet Stephanie's new co-host, hear our story of near-bankruptcy, and get a peek behind the curtain at how personal chaos impacted our business. This is just the beginning of the rollercoaster ride that has been building, destroying, and rebuilding Mission.org. Learn from our mistakes so you don't make the same ones. Get inspired by our often brutal honesty, and walk away from every episode with a few lessons to help you in and out of the business world.Subscribe to get notified every time we drop a new episode. And be sure to follow Stephanie on TikTok for fun, thoughtful, and sometimes unexpected content -> @lifeandtimesofstephanie 

It's easy to make excuses or use spiritual language to disguise our selfish intentions. Today, Coach John Depante shares with us one of the character traits we can find in Jesus as a leader — His focus on the mission despite the discomfort and suffering. #DailyDevo

"This is your Captain speaking." No, I'm not your Captain but I am challening you with a mission this week that has a specific focus for each day. Are you ready? Let's go!

Sometimes marketers get so lost in the planning process of the content calendar that they miss the target of why they are putting out that content. What's the message or purpose? How can we become more memorable? Creator, Executive Producer and Host of award-winning podcasts The Story and Mission Daily; Advisor at Qualified, Co-Founder of Mission.org, Co-Founder of VETCON, CEO & Founder of Caspian Studios, Ian Faison, dives into the deliberate and storytelling aspects of your marketing content.   Takeaways: Editors are crucial for creating marketing content. Focus on communicating quality content on your channels rather than the content calendar itself. “There's no such thing as writer's block; it's reader's block. It means you haven't consumed enough information to be intelligent about the subject that you are writing.” ~Ian Create an asset that people want to subscribe to by tapping into something that people love. Taking storytelling cues from the media and Hollywood assists in developing memorable content. Remarkable content is all about the preparation. Take the time to do the research on why you are creating this content and who you are creating it for to be purposeful and deliberate. Give yourself permission to be creative - marketers often forget about the differentiation aspect of their content. Make it clear to your audience why your content is unique. Career Advice - You don't know how to connect the dots until you've made the dots.   Links: LinkedIn: https://www.linkedin.com/in/ianfaison/ Twitter: https://twitter.com/ianfaison Caspian Studios: https://caspianstudios.com   Busted Myths: Marketing is all about great content. Step away from the “Race to the Bottom” and go the extra mile to construct remarkable marketing content.    Shout Outs: 4:54 Seth Godin 17:39 Harry Dry 18:30 Ed Nevraumont 19:45 The Oracle 19:47 Nate Skinner   Ways to Tune In: iTunes - https://podcasts.apple.com/us/podcast/the-hard-corps-marketing-show/id1338838763 Spotify - https://open.spotify.com/show/1vVLpNI1LssMTiL6Kdsamn Stitcher - https://www.stitcher.com/podcast/the-hard-corps-marketing-show Google Play - https://play.google.com/music/m/Im7mytmu2wa2mekhoeixlja5hpe?t=The_Hard_Corps_Marketing_Show YouTube - Full video - https://youtu.be/m-UY3UvoGyc

Brands large and small are all fighting the same battle of customer acquisition. How you reach customers, and how much that effort costs, is in constant flux, which is why Nik Sharma is a big fan of constantly running micro experiments. Nik is the CEO of Sharma Brands, a company that remains one of the best-kept secrets among the DTC community and which helps brands scale into the tens of millions. On this episode of Up Next in Commerce, Nik takes us behind the scenes of what that scaling process looks like, including his strategies around customer acquisition. Nik explains how important constant testing is, and he shares some micro-experiments he recommends running regularly. Plus, he tells us why reading every review and every comment associated with your brand is the best leaping-off point for your creative process. Main Takeaways:Please Rate And Review: Reviews really do matter, and you should look at every single one to have a better understanding of what customers are saying, what they see as the value props and what isn’t working. You can then work backward with that information and create content that matches what your customers want. Mo Money, Same Problems: Regardless of how big a company gets, the main problem any brand faces is that of customer acquisition. Bigger brands can throw more money toward getting their message to customers, but ultimately it’s about getting the right content to the right people.The Mom Test: Your website experience needs to be seamless and frictionless that even the most technically challenged, or busy, can make it through without issue. It also needs to deliver the message that you want to send right up front. No one is going to search for the thing you want them to see, so put it front and center.For an in-depth look at this episode, check out the full transcript below. Quotes have been edited for clarity and length.---Up Next in Commerce is brought to you by Salesforce Commerce Cloud. Respond quickly to changing customer needs with flexible Ecommerce connected to marketing, sales, and service. Deliver intelligent commerce experiences your customers can trust, across every channel. Together, we’re ready for what’s next in commerce. Learn more at salesforce.com/commerce---Transcript:Stephanie:Hey, everyone. Welcome back to Up Next In Commerce. This is your host, Stephanie Postles, co-founder at mission.org. Today, we're hanging out with Nik Sharma, the CEO of Sharma Brands. Nik, welcome to the show.Nik:Thank you for having me. I'm excited to be here.Stephanie:Yeah. Me, too. If we had video on, I would be trying to look at your whiteboard that you had on with probably 1,000 notes on it.Nik:All the secrets. It's got all the secrets.Stephanie:Yeah. What kind of secrets are on that board? I was really trying to zoom in like what's going on back there?Nik:It's got all the goals for the week, starting with nine hours of sleep, all the way to-Stephanie:That's a good goal.Nik:... how we plan to combat Facebook and Apple's big fight that's going to start January 15th.Stephanie:Oh, tell me a little bit about the big fight. I'm obviously not up to date on that. What's going on?Nik:Yeah. So basically in the new iOS update, Apple is going to give pretty much everybody multiple opportunities to block tracking. And so it's really going to hurt attribution for a lot of these ad platforms, especially for small business ad platforms like Facebook ads, Snapchat, et cetera. And so we're basically starting to think through how we combat that going into the new year because a lot of the businesses we work with, they're either brands that are just starting. And obviously, those are small businesses, but there's also some mid-sized businesses doing anywhere from 200 to 800 million in revenue, but they're also going to be just as effective. And so we're trying to think through how we go about combating that going into the New Year, basically making sure that there's not a ton of drop-off as it relates to the client.Stephanie:Yeah, I didn't realize this was happening so soon. I was paying attention a bit to the taking away cookies and tracking and all that kind of stuff. I didn't realize the iOS update was happening January 15th. So what are you guys thinking? What's your strategy? What are you advising your brands to do? I know I just jumped right into it, but this is really interesting.Nik:Yeah. Well, as of right now, it's a little bit up in the air. We have a few ideas going of how to combat it. But to be honest, there's not a ton of information out that we have to work with. We're trying to work with multiple different ad tech partners to understand how they view the impact happening. But at the same time, we're trying to think through how do we basically start creating our first party audience ads much faster than running ads when we need them, so whether that's by creating what I would call a prospecting CRM versus just a customer-centric CRM post-purchase, or trying to think through how do we still drive lower funnel conversion and attribute those sales properly, even though they might not be last click purchases. Yeah, it's a big cluster of unknowns right now.Stephanie:Yeah, that's tricky. I also wonder to what extent will a user maybe turn that feature off and then start to realize maybe how helpful that feature was when it comes to showcasing you the information that you want to see, or maybe ads that actually are helpful because I think right now, a lot of times people are like, "Oh, I want privacy and I want this and I want that"? But if you were to turn off a lot of the features that you're talking about, then you wouldn't really get the customized experience that people will do oftentimes appreciate in Google and other places. They wonder what that would look like.Nik:Yeah. Most of the people I've talked to have basically said a similar thing that they like the personalization and whatnot that comes with it. But there is definitely a pretty big group of people who would rather prefer that they never get targeted with an ad. Unfortunately, that's the threat to a lot of the small business advertisers out there.Stephanie:Yep, interesting. Well, when you guys have a little more insight into that, I'll just bring you back in here, how you guys are approaching it and what happens in January 15th.Nik:Yeah, definitely. Definitely.Stephanie:Cool. Give me a little background on Sharma Brands. I was seeing that you guys work with a lot of brands, some of which we've actually had on the show before, which is really cool to see. We've had [inaudible] and I think I saw two others. But tell me a bit about what is Sharma Brands and what do you guys do for the brands that you work with?Nik:Sharma Brands is like the secret of the internet. We don't really talk about it much publicly. But basically, what we do is we work with brands that are either just launching or have just launched. We either guide them through the launch or we pick them up right after launch. We work with brands that are midsize, brands that are doing really well and ideally want to do better, or we work with brands that are pretty big retail businesses that want to get their ecommerce business set up and on track. And so we come in and handle everything from strategy to execution, to implementation. A lot of it is testing, a lot of it is focused on creative and messaging and offer testing merchandising. We also do everything all the way to producing national TV spots, satellite radio, like basically helping brands venture out from the more traditional just Facebook ads or building a website.Stephanie:Got it. What inspired you to create Sharma Brands? I saw you had a lot of roles. You were the head of D2C for a couple of companies. I think you worked at Hint. Is that what led you to creating Sharma Brands, or tell me a little bit about that journey?Nik:Yeah. I've always had a knack for wanting to work on multiple brands, which is probably why Sharma Brands works. But separate from that, I don't know if we are even the perfect solution. I don't think we aren't because we don't really do everything. But there's not really a proper growth partner for a lot of these brands. There are media agencies, there's media companies, there are creative agencies, there are product development agencies, but there's really not many when it comes to true growth and helping them in things like scaling, going from 1 million to 10 million or 10 million to 60 million. And so we created this little niche where we help brands do just that. We try to stay on for no longer than six months per project. Our goal is to basically get in and do just an insane amount of testing so that by the time we leave, that brand knows exactly what's going to scale and what's not going to scale.Stephanie:Interesting. What kind of testing do you mean? What do you do throughout those six months to figure that out?Nik:It can be anything from copy, creative, landing pages, long form content. When I say creative, there's a whole variety of creative. There's the things like... We might test UGC, we might test influencers, we might test studio stuff, we might test just a whole variety of different types of content. We do the same thing when it comes to page experiences, so whether they're landing pages, whether they're listicles, articles, partnerships with companies like Morning Brew.Nik:And then of course, the last piece of it is the merchandising, so everything from offers and pricing to products, to what gets people in the door, what's the best product to sell them after that. And subsequent to that, how do we optimize for brands that are high consumption? How do we focus on subscription? How do we keep customer lifetime value high? How do we bring back repeat purchase rate without having to spend money to reacquire that customer? The goal is to figure an overwhelming majority of those types of things out so that by the time we're done, there's a very clear playbook that they can operate on for the next few months or a few years.Stephanie:Yep. I'm assuming that when you were working at Hint and other places, you started seeing similar things that were working and weren't working. Can you tell me a bit about what it was like working at those companies, or maybe you started uncovering a few universal truths around D2C?Nik:Yeah, working at Hint was great. It was a lot of fun. We grew really fast, which led us to a lot of challenges that we were able to overcome. But it gave me a lot of insight into the challenges that a lot of the brands face. Obviously, I think customer acquisition is one of the biggest things that brands don't necessarily understand or distribution, which is, I think, one thing we're really good at. But then after that, after you get to a point where you're able to acquire 1,000 customers a day sustainably and at reasonable prices, then how do you take those customers and service them further? How do you come up with products that feed those customers after what they've already bought if it's not a high consumption product? How do you think through unique partnerships that attract eyeballs that then give you the opportunity to sell those customers onto your brand? There's so many things. Basically, it all stems down to distribution. Good brands are really good at product and brand building. But then the idea of then getting that in front of other people is where the tough part comes in.Stephanie:And so how do you approach customer acquisition now, where maybe it was different than prior to 2020 because it feels like there's so many new companies in the space? Maybe not all of which will be here in a couple of years. There's a lot of companies. I think more businesses launched in 2020 than in 2019 and prior years. So how do you approach trying to compete and get the eyeballs and find new customers for your brands in a pretty competitive market right now?Nik:To be honest, we don't really take competitive brands into account. What we try to do is just be really innovative with the way that we message and get in front of people. For example, something as simple as like Judy, which is emergency kit you know, being able to really hone in on understanding whether it be by surveys or by looking at what types of messaging has better click through rates and conversion rates, understanding the types of messaging that people are reacting to, and then going really deep on it, all the way to coming up with funky partnership ideas like putting Poo-Pourri and Judy together because both brands service emergency situations.Stephanie:That's a really good partnership.Nik:Yeah, no, it's great. It's really just about like how do we stay ahead of competition? Most brands today probably run a very similar playbook of like, "Let's create some... text some images, put some ads up and run them to our homepage." We put that on steroids. We're testing maybe 17 different versions of creative or testing 7 different versions of landing pages or homepages or sites that they're leading to along with 37 different audiences that we're going after to understand which type of messaging converts better with which audiences.Stephanie:That's great. So how do you think about creating all those different types of messaging? How do you stay creative? I know when I'm thinking through ad copy, even for our company, once I create one or two or three, then I'm like, "That's all I got. I'm out." How do you guys stay creative and create like, what'd you say, 17 different landing pages? I mean, like a lot.Nik:Well, I have a team that's insanely creative, so that helps.Stephanie:That's helpful.Nik:But outside of that, I think one thing we do, which is honestly something anybody can do, is we try to look at every single review. So if we work with a brand, we try to read every single review and we will literally use a whiteboard and make a tally of the different value props and how many times they're mentioned and then use that to basically work backwards and understand messaging. So things like that to things like looking at comments on ads, to customer service emails and messages, to how are other people tweeting about it, how are other people taking press about a brand and then tweeting about the press or talking about that specific article. So we try to take in a variety of things. And then if all else fails, have a little glass of whiskey and take an approach with some fresh eyes.Stephanie:That's good. When it comes to large brands and small brands, we've been going through some of these challenges, but are the challenges the same for both big and small, or do you see completely different challenges depending on the size of the brand?Nik:I think that a lot of the challenges on the macro side are the same, but on the micro... On the macro side, for example, customer acquisition, right? A company that's doing 800 million versus a company that's just launched, both are going to be focused on how do we acquire customers smarter, better, faster, cheaper with higher lifetime value? But on the micro side, it's a little different because a company that's doing even 50 million in revenue has a lot more awareness to play off of. They have a lot more scale to go leverage things like partnerships with other brands, they have budgets to go to places like The Skimm and Morning Brew and other places like that versus a company that's just starting.Nik:They still have the same problem with customer acquisition, but they need to figure out even if they raised a little bit of money or if they did it, they need to figure out, "Okay, what is the fastest way for us to get 100 customers and then 1,000 customers and then 10,000 customers and then 50,000 customers." And obviously every time you hit that milestone, it gets easier and easier, but it's still the same. That's the challenge of how do you get in front of as many eyeballs as possible and also relevant eyeballs. You don't want to get in front of just eyeballs that are not going to convert for you.Stephanie:Yep. Are there any tools that you use to stay on top of maybe trends or what people are searching for, or even staying on top of like different kinds of audiences to reach and how to reach them in new ways, like new things you're doing maybe this year that you weren't utilizing in the past?Nik:One thing that we have started doing a lot more this year versus years in the past is really not taking creative too seriously. So, for example, like running memes as ads insanely outperforms things like really beautiful $30,000 photo shoots, or the way like... Do you use TikTok?Stephanie:Yes, I do. I love TikTok.Nik:I'm addicted to TikTok.Nik:With TikTok, I think if you look at the way TikTok has impacted culture or pop culture, I should say this year, it's pretty fascinating. Like when Instagram was big and there were Instagram models or even you could even say like... yeah, you could probably say even like big YouTubers, they don't really make news or make headlines, nor do they get, for example, flown out to fashion shows internationally to come walk in a runway. But TikTok has just completely taken 2020. And whether it's like TikTok is being flown out to Rome for fashion week or it's the fact that all of Snapchat discovers tabloid garbage is all influencers, there's something about TikTok that resonates really well with the masses.Nik:And so one thing we've been doing is testing, not only just testing TikTok's style videos, but also even the way... If you look in the comments of TikTok, I think the comment section is where the memes of tomorrow, or the memes of next month live. And so we've been [crosstalk] doing a lot of things where we test those. Those have been having really interesting results too. Just really like, again-Stephanie:All right, so give me some examples.Nik:... just a bunch of testing and fun stuff. My favorite is the... For example, if you were like this podcast is the perfect podcast for ecommerce operators, you would put the word operators in between the sparkles emoji, or just like random silly things that you see on TikTok. Yeah. It's hard to explain, but it just works so well.Stephanie:No, yeah, I know what you mean. Yeah. Well, tell me some of the most interesting comments that you've seen on TikTok that you've turned into memes.Nik:Well, the sparkles one is probably the easiest. Let's see. Outside of that, the eye mouth eye I think is hilarious. What else? What else? The concept of like it's the blank for me. There's just so many little inside jokes on TikTok that becomes so... Not only relevant on the outside world, but also people see it and they relate to it because they think they're the only ones that know about it because TikTok is such a one-to-one thing, you know?Stephanie:Yep, yeah. And then when you were talking about creating TikTok style ads, I'm assuming you're saying that you're creating an ad like you would create a video on TikTok and then you're actually putting it on other channels and platforms. Is that what you meant by that?Nik:Yeah.Stephanie:Yep. I was just thinking about that actually a couple of days ago. My head of growth is like, "Oh, can you create some audio ads and video ads and all this to help promote the shows or whatever?" And I was like, "Well, what's the easiest way for me to do that?" Honestly, creating it on TikTok, even if it's an unlisted video-Nik:Oh, 100%.Stephanie:Yeah, so much easier than trying to do anything else.Nik:The best ads in ecommerce are ones that do not look like billboards on the street. That's where a lot of brands go wrong is that when it comes to ads, they try to create this unique experience or this look that doesn't resonate with the common person. It's like no wonder they don't work because they look like if you see an ad, there's no chance you're going to sit there and be like, "Oh, an ad, let me watch this whole ad." All your ads have to feel like they're not ads. They have to feel like content that somebody maybe not wants to watch or needs to watch, but something that's intriguing enough where they're going to watch the first little bit, and then it's your job as the brand to hook them to watch the rest of it.Stephanie:Yep. Yeah, I love that. The other thing, now that we're talking about influencers and spreading things, I heard that your fridge is famous. You tell me a bit more about this because when I heard that, I'm like, "Isn't Nik an influencer? Why is his fridge famous and you're known for your fridge?" So give me the deets on this.Nik:Yeah, the fridge racks up impressions. That's for sure.Stephanie:Why? What is up with your fridge? Is it a fancy one?Nik:I'm just trying to look up real quick how many impressions the last one got. But no, it's funny because obviously I worked at Hint and I've worked with a bunch of different beverage brands. Yeah. So the last tweet about my fridge has 151,000 impressions.Stephanie:Why? What'd you say?Nik:It's nothing special. It's just the fact that a lot of people know me as a beverage marketer or beverage person. I'm just looking at this tweet from September 14th and my fridge has Taika, has Empathy Wines, it has Jock Coffee, it has Dose, which is like a new wellness shot, it has JuneShine, which is hard kombucha, it's got Sanzo, it's got OLIPOP, Red Bull, Orgain protein elements, which is a adaptogens beverage, and then a bunch of Hint Water.Stephanie:Close to D2C fridge. You're stacking it up.Nik:It's basically a D2C fridge. Yeah. And then depending on when you open it, you might see different drinks. There's another picture of the fridge I'm looking at. It's all RISE cold brew. It's got Lemon Perfect and it's got Cha Cha Matcha's ice tea lemonades.Stephanie:Interesting, interesting. And then so how are people engaging with this? How did it even start of you posted this picture and realizing people like to see what you were trying out, or what you were investing in, or what made them excited?Nik:Well, it started because a friend of mine, David Perell, basically posted a picture of my fridge, I want to say when I first moved to New York last year, or I think he might've done it when I lived in San Francisco. But then he posted about it and how like my fridge is basically a vending machine. And then all these beverage companies started responding. And then whenever I tweet about my fridge, I just get a flood of packages over the next 10 days from different beverage brands that want to be included in the next round of the fridge.Stephanie:That's really funny. But I also feel like it's helpful to see how to share things that get shared, that go viral because the best way to advise brands and other people is by doing it yourself.Nik:100%. That's always been the thesis behind any kind of public account that I have. Whether it's my community number, whether it's my email newsletter, whether it's my Twitter account, everything that I try to do is like, "Okay, I'm basically just testing it so that we can hopefully do this on a brand and it makes a big impact because maybe it's something that they haven't done before or just people in general haven't done before."Stephanie:Yep, yeah. That's very, very cool. So when you're working with all these brands, one thing that we've been discussing here at Mission lately is just about all these new users who are now online, a new demographic group is online shopping. They're getting used to it, they're going to be here probably for the long haul now that they have maybe ordered groceries or gone on Amazon for the first time. How are you working with your brands to ensure that their messaging and their interaction and that they may be personalizing things in a way that also connects with this new demographic of shoppers that weren't here prior to 2020?Nik:So basically, how should brands prepare for-Stephanie:Yeah, having like an older generation now who are ready to shop. And I'm sure the messaging or the way that brands are personalizing is usually towards millennials or 18 to 35 or 18 to 40. Everyone seems to focus on that same two generations, but the older generation are the ones that have the money. They're the ones who are ready to spend. They just haven't brought it really online until recently. But it seems like a lot of things have to change for it to also work well with them.Nik:Yeah. I think tactically, there's different things you can do, whether it's the channels that you choose to advertise on. So whether that's shifting budget out of Facebook and onto platforms like TV and satellite radio and connected TV even, or it's... One thing that I've found at a previous brand I worked with was that the creative we would put out that has, let's say, models or talent that looks like they're in their late 20s, early 30s is what resonated best with the audience groups over 45.Stephanie:Oh, interesting.Nik:So it might just even be something as simple as a shift in your creative to reach [crosstalk 00:27:11].Stephanie:Yeah. I wonder why that would be the case.Nik:Everybody aspires to be better looking or younger or smoother skin or whatever it may be. And that might be a reason. I think another way though too is thinking through just the ease of how something as simple like your website functions. How easy is it for somebody to come in and shop? I always send landing pages or websites to my mom. She'll look through it and be like, "This is confusing," or she'll be like, "This is perfect. It was one click and I was in the cart." And so we always go for the ladder as the goal. But the other thing too is like... One thing I always say is you got to treat your customers like Kim Kardashian on the red carpet and you're her assistant, right? The brand is the assistant. So you can't expect your customer, you can't expect them to go browse around your site and learn about your brand and learn why they need your brand, or how your brand is going to make their life better, or the deal that they might be able to get, or the coupon.Nik:There's so many brands that they clearly offer coupons when you Google, for example, like... I don't know. If you Google like... we'll say Jetblack because they're not a business. If you Google Jetblack coupon, there's probably 17 coupon sites that have a 10% or a 20% off coupon. But what you do is you now create an opportunity for somebody to leave the experience of checking out to go find that coupon. There's a good chance to just get distracted and never come back versus something as simple as like... Basically, what I'm trying to say is you want to create everything or you want to put everything in one simple experience so that somebody who has no time, somebody who has no patience, somebody you could assume they don't have the knowledge of how to navigate a site can basically come to your site and get what they need and they know why they're getting it and just create something really easy to use.Stephanie:Yep, yeah. I think frictionless shopping is the way of the future. The one thing about coupons though, I feel like they're just dangerous. Like you said, you leave the site... I know I used to back in the day, go through all these coupon codes and then I'd really get annoyed because none of them are working, all of them were expired. And yeah, it's still feels like there's room even on a website to be like, "You will never find coupons outside of our website. So don't try. Don't go looking around, don't go testing like 1,000 different codes. You'll find nothing. It's only here."Nik:Totally. The other thing too is like then you have companies like Honey, the browser extension, which are basically fraud companies, in my opinion, or scammy companies. And if you don't create something of an offer for let's say you run a... let's just say a beverage brand called Three Stars, and somebody comes to the Three Stars' site and they want to buy a variety pack because they're a new customer and they want to try the flavors. When they get to the checkout and they see, "Oh, there is no discount. Oh, but Honey says..." The Honey thing pops up and you click it because you're hopeful that there's a discount. Even if Honey generates no discount, Honey is going to refresh the page and now that becomes a 10% affiliate cut. The brand is paying the Honey without them even realizing it. The customer is not getting any value out of it. But because you didn't create the opportunity for them to check out without having to use Honey, you're now going to end up paying Honey 10% if they have it installed.Stephanie:Interesting. I hadn't realized that's how it [crosstalk 00:31:03].Nik:Yeah. Honey is a really scammy business. It's really scammy for brands.Stephanie:Oh, geez.Nik:I hate Honey with a passion.Stephanie:Oh my goodness. I actually think we had someone from Honey the long time ago before our commerce show was even live in the world. We had, I think, their COO on one of our other shows, Mission Daily. So if anyone's interested, go check out [inaudible 00:31:24].Nik:Yeah. It's a genius business model for them. Basically without showing the customer or without really showing the brand, they're just ripping 10% off of every purchase. And if you're selling like a $400 emergency kit, that's 40 bucks that they're making for everybody who just has an extension installed, but it's-Stephanie:And the brands can't control that, or they can't say-Nik:No, they can now. When I saw it, I went to them and said, "You guys, you're basically just taking credit for everything you're not driving." And they're like, "Oh, well, it's just the way that Honey works. We drive a lot of traffic." And I'm like, "No, you don't." So then we just shut them off. They just don't get paid now, even though they can still be used.Stephanie:Oh, interesting. So when thinking about outside of coupons, but more ways to connect with different users, what do you think about catalogs? Because we had a good discussion, I think, many episodes ago with one of the execs at Marine Layer, and she was talking about how great catalogs work for them. I haven't heard many people talk about it. So it seems like there's still an opportunity there though with so many people now working from home. I know I get excited about mail that's actually fun to look at and helpful. So how do you advise your brands on connecting with an audience through catalogs or paper mail?Nik:Personally, I'm a fan. I think it's a sign of luxury when I get a catalog, whether it's from a company like Buck Mason or Todd Snyder or [inaudible 00:33:06], like it's definitely a sign of luxury. The catalogs themselves are printed on very nice and chic paper. I think it just adds to the overall experience of being a customer at those brands. At the same time, if you're a brand that's just starting and you don't have the capital means to do it, I think there's ways you can create digital catalogs for fairly cheap and have them be digital experiences.Stephanie:Yep. When you have a catalog, I've heard some brands optimize for experience and fun and more of like a branding play versus others are focused on send them back to the website, get the conversion. How do you think about optimizing a catalog to work well?Nik:Well, I think it's two ways. One, you got to feature products that I think people want. So if your spring collection is 250 pieces of clothing or 250 different SKUs, maybe you feature the 27 that people really want. But then secondly, I think from a messaging standpoint, it's got to really make you salivate when you're going through it. That was [crosstalk 00:34:36].Stephanie:Like Trader Joe's catalog.Nik:Yeah. That was one of my favorite things about... Do you remember SkyMall?Stephanie:Yeah, yup.Nik:SkyMall just made you want to buy everything in that magazine because everything was like, "Oh, a random flashlight for under my desk chair. Sure. That now seems like something I totally need."Stephanie:Yep, yep, I agree. I just saw something in a catalog that I actually ended up buying. It's a... What is it? A candle lighter, but it's not like a big flame thing. It's operated by battery. It has this really long stick on the end and it's intense, it's awesome. Everyone should check it out. We'll link it up in our show notes. But I bought that from a catalog because it was showing it going inside a really deep candle. I was convinced. And it's amazing.Nik:Yeah, no, totally. It's all about like building... You want to build a use case for somebody to go tell their friends why they bought what they bought from you. That's like the best way to market.Stephanie:I think you also have to have good paper quality though.Nik:100%.Stephanie:I hate the catalogs that come with just like icky, thin paper, and it's just 1,000 pages and I'm like, "It doesn't feel curated. Just every thing is here. I don't even know how to look through this in a way that makes sense for me," versus the ones that are just 10 pages. It's what you want to look at, or just the best thing that feels like it's personalized, even though it's probably not. I'm okay with that as long as it feels high quality.Nik:Totally.Stephanie:Let's jump over to a little bit higher level ecommerce question of where do you guys think ecommerce as a whole and D2C is headed over the next couple of years? What are you preparing for right now, or what big thing?Nik:Well, I think that ecommerce, as a whole, is going... There's been a ton of innovation this past year and the year prior, both on the side of operations, things like understanding you can't blow cash on acquiring customers, all the way to understanding how to optimize shipping costs or manufacturing costs or even using tools like Settle, which let you basically hack your cash flow. I think, to be honest, over the next year or two, it's just going to be a lot of growth in the category across many different categories that maybe thought they weren't going to be ecommerce. Everything from sitting at a restaurant and now... Obviously, we see QR codes everywhere, at least in major cities, at restaurants for scanning and getting the menu.Nik:I think we're going to see that you're going to start paying your bill through Apple Pay after you order your meal, all the way to things like better experiences with packaging and unboxing or just how you learn about a brand for the first time after you buy it. But I think there's also going to be a rise in things like marketplaces. There's a company that I just joined called The Fascination. And basically, the entire idea behind The Fascination is to take a lot of these cream of the crop direct to consumer CPG brands that are independently trying to acquire the same customer and basically put them together, create content around it, and create shoppable content.Nik:So, for example, if you have a daughter who's moving to... I don't even know if people are going to be going to college next year. But let's say she's going to college next year, and it's like the ultimate list of things you need for your dorm, it's got your mattress topper, it's got your pillows, your comforter, it's got your desk lamp, it's got organizers. You would be able to basically shop all of this in one page with one checkout through The Fascination. And on the back end, all these brands are getting orders basically pushed into their order queues. The Fascination basically just takes a tiny cut, like an affiliate. But the brands own the customer, they own the relationship with their customers, they have the ability to remarket to those customers. And The Fascination acts as a front of acquiring the customer and now selling maybe eight things at once.Stephanie:Oh, that sounds really cool. I think that's much needed with so many new brands popping up right now too. It just feels like sometimes I don't even know who to trust and who's actually got their back end filled out. Is this just the landing page that they're testing out to see if people actually want a product that they haven't even developed yet? So it seems like it's needed to have a trusting source like that to say, "These are some of the best brands and we've verified them and you've got customer service here and we're reputable and blah, blah, blah."Nik:Yeah. And that's another thing too is there are a lot of sketchy brands that have launched because the barrier to entry is so low. What The Fascination is trying to do is basically the same way you have like a kosher sticker on food items or a gluten-free sticker that's very universally known. I think they're going to basically try to do the same thing, but for four brands.Stephanie:That's awesome. Yeah. I will have to check that company out, maybe bring them on the show. Sounds like [crosstalk 00:42:39].Nik:Yeah, yeah. They would be a great one to bring on.Stephanie:Yep. The other trend I'm excited to watch this next year is last mile and see how that evolves, especially with the food delivery companies and the DoorDash and Grubhubs of the world starting to actually just work with local retailers to fulfill last mile deliveries. And I think that whole industry is about to have a big evolution. So that'll be an interesting one to watch.Nik:Yeah, I couldn't agree more. I mean companies like Ohi or even FastAF, they're doing some pretty awesome things when it comes to last mile delivery.Stephanie:Mm-hmm (affirmative). Yep, yeah. I agree. All right. Well, let's move over to the lightning round. The lightning round is brought to you by Salesforce Commerce Cloud. This is where I'm going to ask you a question and you have a minute or less to answer. Are you ready, Nik?Nik:I'm ready.Stephanie:All right. What's up next on your reading list?Nik:Ooh, I would say the book Supermaker by Jaime Schmidt.Stephanie:Oh, that's a good one. Yep, sounds good. What is your favorite business book that you refer back to?Nik:Atomic Habits.Stephanie:And you're on it. You're like, "Are you top of mind? I got this great." Sounds great. What topic or trend do you not understand today that you wish you did?Nik:Bitcoin.Stephanie:I've had a couple of people say that. What's the nicest thing anyone's ever done for you.Nik:The nicest thing anybody's ever done for me is-Stephanie:I had to stump you. You were too on it. You were too lightning.Nik:Yeah, that's a good question. Honestly, my favorite is when just people just reach out randomly and say, "Hey, how's your day?"Stephanie:You like that? Sometimes I'm like-Nik:I love it.Stephanie:... "What do you want? Get to the point."Nik:Yeah. Well, sometimes you can tell when people have a reason for asking. But when a genuine friend just texts you out of the blue and just says, "Hey, how's your day going?" It's always nice to know.Stephanie:Yep, yep. Okay, a friend. I thought you meant just like a random Twitter person.Nik:Oh, no, no, no.Stephanie:I'll get messages on Twitter like-Nik:No, no, no, a good friend.Stephanie:... "Hi, how are you?" I'm like, "What? Who are you? Why are you asking me how I am?" That's weird. Ah, 2020. What's up next in your travel destinations when you can travel again? Where do you want to go?Nik:I want to go to Jamaica actually with a friend of mine, Chris Hall, and a few of his friends. He's got a pretty good setup there in Jamaica for quick trips out there. So I'm looking forward to hopefully in February maybe go there for a few days and just unplug from work.Stephanie:Oh, that sounds fun. Chris, bring me out there as well. That'd be great. What's up next on your Netflix queue?Nik:Ooh, actually there was... I forget the name of the comedian, Andrew Schulz maybe. He just launched a stand up. I saw it yesterday and I added it to my list. So that's next up on my queue.Stephanie:Oh, that sounds good. I'll have to check it out. If you like it, I'll check it out. What are you most excited about to add to your fridge next?Nik:Ooh, that's a good question. There's a beverage that we are launching called Barcode in-Stephanie:Barcode.Nik:... Q1 next year. It's with the former head trainer of the New York Knicks, who's also a big celebrity trainer, as well as with Kyle Kuzma, who's a championship Lakers player. It's basically a healthier version of Gatorade and it tastes incredible and it's got everything. It's like everything he would prescribe or give to his athletes, but bottled up in one drink.Stephanie:Oh, that sounds good because I do like Gatorade. But then when I'm drinking, I'm like, "I know this isn't good for me."Nik:It's horrible for you.Stephanie:Yeah, it is delightful though.Nik:It is.Stephanie:All right. And then the last one, if you were to have a podcast, what would it be about and who would your first guest be?Nik:I've actually been thinking about this recently. It would probably be about the struggles of commerce that people go through. So it would only be focused on problems people have had in their business, not the successes and not focused on people who've successfully exited. It is strictly focused on people who have, for example, not figured out how something works or how they're going to get through something. I don't know why, but I always keep thinking my first guest is going to be Paul, who's the founder of Prose, which is a haircare brand.Stephanie:Okay. I think that sounds great. I love stories like that, where people can actually learn something and because there's so many... Any media article is always like, "Oh, here's the end result. And now, they're a billion dollar company. Oh, and they exited, Oh, they got acquired." It's like, well, what actually happened where they failed because I don't want to fail too and I know they have some kind of knowledge of things that I could avoid, that's why I love biographies and stuff because you can read it and essentially accelerate your knowledge through that person's life and hopefully avoid some of the pitfalls they went through.Nik:Totally. And not only that, but also then for all the people listening who might be starting a business, or might be getting themselves into a position where they're not really sure what to do, it almost becomes an encyclopedia where, "Oh, Paul had no clue where to get you pumps at low MOQs for his shampoo bottles. How did he figure out what they were and where he could find them and not get ripped off?"Stephanie:Yep, yep, yeah, or I always love the stories when people are going overseas to find manufacturers and hearing things that they encounter. I forget what brand we were talking to on the show where they... I went into one of the warehouses and they were selling apparel and they were like... and all of the employees were smoking and all the stuff smelled like smoke. It's like I would have never realized that unless I actually went over there and was doing an audit before moving forward with one of them.Nik:Yeah, totally.Stephanie:Very cool. Well, Nik, thanks so much for coming on the show and sharing all your knowledge. Where can people find out more about you and Sharma Brands?Nik:The easiest is my website, which is just nsharma.co, or the second easiest which I read every tweet, every message is my Twitter @mrsharma.Stephanie:Awesome. Yeah, just go to Nik and say, "Hi, how are you?"Nik:Exactly.Stephanie:All right. Thanks so much, Nik.Nik:Thank you.

Gratitude is a key to happiness. But how do we become grateful? By practicing gratitude, like we'd practice any other skill.  In this series, I break down what the practices are to become a grateful person.  In this episode, I break down the reality of gratitude, the benefits of gratitude and how it can change your life. I also share tips that I've learned about expressing gratitude to others.  I learned a great deal from the following resources:  Dr. Diana Bass's book 'Grateful'  Soul Pancake Gratitude video Mission Daily podcast 'Gratitude episode' University of Minnesota research My email and Instagram    

Mission Daily Reprt 5 NOV 2020 by Mission to the Moon Podcast

Good people! Here's another Daily Truth Tip for you. Hear it. Feel it. Say it, every day. These tips will be short yet powerful and will come to you, daily in addition to the podcast episode every other Monday.Today's truth tip: Mission rule 6: Read and or (preferably) write out your mission daily.Let that sink in for a bit.Catch y'all soon! See acast.com/privacy for privacy and opt-out information.

Mission Daily Reprt 26 OCT 2020 by Mission to the Moon Podcast

If you want to keep up with what’s going on in the eCommerce industry, the best thing to do is to go straight to the source and ask. But where can you find a group of eCommerce business owners openly talking about their pain points, sharing tips about how they grow their businesses, and combining their knowledge to solve problems together?  Does such a mecca exist?  Andrew Youderian is here to tell you that it does. Andrew is the founder of eCommerce Fuel, and on this episode of Up Next in Commerce, he discusses how he built a community of more than 1,000 seven-figure eCommerce business owners, plus he shares all of the insights he’s gathered along the way. From questions about Amazon, to a crash course in community-building, to the single metric he says should guide eCommerce businesses today… Andrew divulges some of the industry’s best-kept secrets and more in today’s interview.  Key Takeaways: The Value of Selective Community Building: A community is only as strong as the people in it. Together, a community can deliver ideas, content, and capital to other members who would not be able to find those things on their own. But to ensure that all members are receiving value, it is important to be selective about the acceptance process.  Finding Your Way Through The Amazon: “If I'm selling to wholesalers, should I let them sell on Amazon?” “How do I control my brand identity on Amazon?” These questions and more are plaguing the industry and at eCommerce Fuel, the community is gathering to come up with answers, including how to capitalize on the recent delays in shipping Amazon has seen. Meaty Metrics: While most owners will point to revenue as the main metric to judge success, it is widely believed that revenue is one of the least important metrics when judging the health and long-term viability of a business. There are other metrics that are more telling, including repeat purchase rate, and one other that gets very little fanfare but could change the course of your business: price per visitor. For an in-depth look at this episode, check out the full transcript below. Quotes have been edited for clarity and length. --- Up Next in Commerce is brought to you by Salesforce Commerce Cloud. Respond quickly to changing customer needs with flexible Ecommerce connected to marketing, sales, and service. Deliver intelligent commerce experiences your customers can trust, across every channel. Together, we’re ready for what’s next in commerce. Learn more at salesforce.com/commerce --- Transcript: Stephanie: Welcome back to Up Next in Commerce, this is your host Stephanie Postles and today we're joined by Andrew Youderian, the founder of eCommerceFuel. Andrew, welcome. Andrew: Hey, thanks Stephanie. I appreciate you having me on. Stephanie: So, is a weird feeling a podcaster being interviewed by a podcaster? What are your thoughts right now? Andrew: I think it's great. You have to do all the work and I can just sit back and relax. Well, unless you send some really pointed questions my way, so maybe I shouldn't be relaxed, so we'll see. Stephanie: Oh, yeah. I don't know. Andrew: But, yeah- Stephanie: You might have to sit up straight and get ready, this might be intense. Andrew: This may be, I need to stop slouching here. But no, it's good. Good to be on, it's fun to be on the other side of the mic for a change. Stephanie: So, I want to dive into your company eCommerce Fuel. I looked at it and it seems awesome. It seems like you have gathered so many insights from this company that you've built all around eCommerce, but I want to hear in your words what is eCommerce Fuel? Andrew: At eCommerce Fuel we provide community content and capital to seven figure plus store owners, and so we do that through an online form which is really the heartbeat of our community. We've got over 1,000 vetted store owners, and the idea was really just get a lot of people together that are doing this day in and day out, that we're running seven... our average store owner is probably doing three or four million dollars a year with their business, so that's community aspect. We also do a big event every year for our community through content, like you said I'm a podcaster. I've been doing the eCommerce Fuel podcast for I think it's about seven years now, which is crazy. Stephanie: Wow. Andrew: And then we have a capital arm as well where we invest in promising eCommerce businesses. We have 20 investors that have a lot of similar experience or world class experts, everything from Facebook marketing to email marketing to product design and so we invest in companies that we think are interesting, so that's what we do at eCommerceFuel. Stephanie: That's such a cool model. So, for you podcast I think I saw you had over 300 episodes. Andrew: Yeah. I think, actually I think we're... yes, we do. I've been, like I said, been doing it since July 2013. Yeah, been going at it for awhile. It's been fun. Stephanie: Yeah, that was really cool to look at your backlog and the guests that you've had on. So, your business models' really interesting how you have a capital arm and community, I mean two things that I would say are very hot right now. Everyone is always thinking about of course being investors, I mean at least here in Silicon Valley that's everyone's dream it seems like. And then building up a community is something that we've heard a lot of guests mention on the show, like how to properly build a community. What was your idea behind starting this business and having those different arms of the business? Andrew: They came in stages, so in a nutshell, left the corporate world and got my teeth in eCommerce for starting in 2008 on a couple different eCommerce businesses and built those up. So, I had a sense of this space and nobody was talking about eCommerce unless it was like from a Home Depot or like a Lowe's, like a, you know, Fortune 500 style? Stephanie: Mm-hmm (affirmative). Andrew: And so I started writing about what it's like to grow an eCommerce business for a small team or a single founder and developed a little bit of a following on the blog, started podcasting, and then from there that kind of just naturally led to me meeting all these great people and I thought what if we got a bunch of people in a community together that had some kind of vetting thresholds and just made sure everyone had some level of experience? And that launched the community and built that up over time and then the capital arm is fairly recent, really recent in fact, it's about five or six months old. That just came as a natural extension of seeing all these interesting entrepreneurs that hopefully we'd built some trust and report with, or that people knew about us from the time running the business. And then also just a really great group of investors who also had not just money, but a lot of in the trenches experience and advice to lend, so it kind of came in stages. Stephanie: Yeah, that's really cool. To start with the community aspect, what are the vetting procedures that people have to go through? How do you know who to bring in to keep it a high quality community? Because I think that's biggest problem when you're getting in all these Facebook groups or communities, you're like, "Oh my gosh, just everyone's in here and I'm actually not learning anything." So, what does it look like to get into your community? Andrew: Yeah, you're right. I mean, if I could only do one thing well in a community it would be bring the right people into it. So, our guidelines are a little nuanced but you need to be operating a seven figure business. If you have a very proprietary product that you've made from scratch or that is a little harder to make sometimes we'll take people in kind of the mid to high six figure range. If you're selling just on Amazon usually we require a little bit more than that, so that's on the revenue threshold sides. Andrew: So, we keep it no major SaaS vendors, and then for service providers we're really careful. I'd probably say only 10% of our applicants that we accept are service providers and they need to be recommended by an existing member because you can... An amazing email marketing expert that knows the space, that is respectful of people and isn't going to come in at a hard pitch and is going to build relationships the right way through adding value, is a huge asset. But we want to make sure those are the type of people we have and not people who are just trying to sign somebody up on the first day, so. Stephanie: Yeah, that's really important. How many people are in your community now? Andrew: We have about 1,100 members in the community. Stephanie: Okay. How did you go about building that up? What is your method of bringing new people into the community? How do you get in front of people and even tell them about eCommerceFuel? Andrew: Community building's interesting. You've got this chicken and an egg problem, right? Stephanie: Mm-hmm (affirmative). Andrew: And the way that I did it was when I was blogging and podcasting early on about eCommerce, just over that probably 12 month period really focus on not trying to monetize the business or anything, just trying to build authority, get a little bit of a reputation, and connect with people. Over the course of a year, just naturally, organically, met about 100 to 150 really interesting people. And any time I did, I'd just put a little tag on them in gmail and say, "Community seed member." Stephanie: Oh. Andrew: So, a year in a had this list of 150 people and I reached out to them and said, "Here's what I'm doing. I'm starting a community, are you interested?" And then over the course of about 30 to 45 days I dripped in, I added, about four or five people a day. I'd bring them in, I'd introduce them, I'd introduce them to other people, I'd ask them questions, kickstart discussions, and so it gradually grew. I didn't just drop everyone in at once, and it took about like 45 days but we had a bit of a community at that point. And then from there I had over the last year built up some traffic to the website, was able to put up a page that said, "Hey, here's the community. You can join," and that gave us kind of... because you need both things, right? Stephanie: Mm-hmm (affirmative). Andrew: Like in community you have to have new people come in because you always have a drop off even in the most healthy. So, from it was able to kind of, with a lot of work, get to self sustaining within probably 18 to 24 months, so. Stephanie: Wow. Yeah, that's great. And it is a paid community? Andrew: It is, yes. It's a paid community, so it's... yeah, it is. It's $99 a month. Stephanie: That also helps... Okay, yeah. I'm sure that also helps with quality and bringing in people who are serious and really want to learn and contribute to get their monies worth. Andrew: Oh, it helps so much. I mean, for a couple reasons why. We have, just like you said, on the vetting side, yeah, it shows that people are actually serious about this. The other nice thing is it gives us the resources to do things like hire a real community manager. We have someone full time that their whole job is just to vet people to make sure that if people have questions that don't get answered they can move them to the right people. It let's us invest in technology, we've probably poured six figures plus into the custom tech for the community, so yeah, it makes it a lot easier. Stephanie: Yeah, that's really cool. When it comes to keeping the community engaged, because to me that's one of the biggest things to make sure people keep renewing their membership and they want to check in everyday and see what's new and see who's talking, how do you go about keeping them engaged? And maybe what have you seen works and what didn't work? Like any tests that you've done where you're like, "We've tried this and this failed," or, "We tried this and this really increased engagement a lot and helped keep it going?" Andrew: I think the best thing you can do, two things, the first thing is to actually have discussion and content that are highly relevant to what people are doing day in and day out. So, again, kind of going back, if you get the right people in the same room that's 80-90% of the battle. From that point, setting up custom notifications is really important. So, some of the custom tech that we've talked about, when people sign up we don't just blast them with every single discussion that pops up, that's crazy, right? They'd just drowned in a fire house because we have like 5,000 comments every months in there. But we do try to figure out like, hey, what are you an expert in and what are interested in learning about? And then when they join we tailor their notifications to try to create the highest level of a signal to noise ratio possible, and so that's another thing. The third thing is just maintaining a really respectful environment, like we have a pretty strict no jerks rule. I probably shouldn't say this, but I get a lot of pleasure out of throwing people who are just downright disrespectful and just, you know, kind of just generally unpleasant out of our community because they're horrible. Stephanie: Yeah, good. Boot them. Andrew: And also non-solicitation. We kind of have a one strike, one warning, and then if you do it again you're out. So, we don't put up with pitches, you know, if people are hard pitching stuff they're out. So, I think those are the big things that help with maintaining an active community where people keep coming back to. Stephanie: Yeah, those are such good points and it's not only applicable to your business but even thinking about any eCommerce business of how to build up... I mean, everyone talks about building these communities but how do you actually make it helpful and personalize it to people in a way that people want to engage on your social media post or they want to engage on your blog or tag themselves wherever they're in your clothing or with your mug or whatever. So, I think these lessons actually can apply across industries as well and not just upon building a community like you're doing. Andrew: Yeah. Community building, it's interesting, it's kind of like a brand. It is a brand. It's insanely hard to get up and running, like the amount of time and energy and love and relational just work that you need to put in, I don't say it in a bad way, but just building relationships takes a tremendous amount of work. It takes a ton of time, just like building a brand. But it's insanely defensible, I mean, if you're willing to put in that, you know, if you have a multi year approach. You can't steal people's friends, right? Stephanie: Yeah. Andrew: And that's what happens, whether you're building a community for your brand or kind of a micro niche community like this for eCommerceFuel, is people come in and they stay because they get value and they stick around for a couple months but then they come to an event, they connect with people via PM, and then build genuine friends. I don't know, you'd be hard pressed to tear me away from my good friends and it's really defensible in that department, so. Stephanie: Yeah, I agree. I love that. So, you probably get a lot of really good insights into the world of eCommerce and where things are headed just by some of the questions that some of the members in your community are asking each other, and I wanted to know what kind of top questions do you see occurring right now where it's like quite a few people are asking the same type of question or these same things keep popping up? Andrew: Yeah. Let's start with the 500 pound gorilla in the eCommerce space, and that's Amazon. Some of the questions I think people are asking on there is how do I... I'll just go through a handful of them and then maybe we can talk about ones that are most interesting to you. If I'm selling to wholesalers, should I let them sell on Amazon? How do I control my brand identity on Amazon? There's some interesting popping up right now about how... I don't know if you've noticed this, but Amazon Prime used to be for awhile it was free shipping, then it was two day, and it was one day, and now it's like- Stephanie: Yeah. Andrew: ... three to five days if you're lucky depending on where you live. Stephanie: Yeah, I did notice that and I was like, "What's happening here? Usually I can get my stuff for my son in like a day and now it's taking a week." Andrew: Yeah. It's kind of crazy, and of course because of just with COVID eCommerce is blowing up, the capacity is limited on the delivery networks. But it's interesting because it kind of levels the playing field at this moment in time for independent brands because the shipping factor is not so much of an issue, and in fact a lot of people are probably are almost in... If somebody gives you something and takes it away it's worse than if they just had never given you anything to begin with, right? Stephanie: Yeah. Yeah, yeah I feel way more sad right now than I ever would have before this. Andrew: Exactly, right, because the expectation's there. So, that's creating an interesting opportunity. One of the things that Amazon just recently came out with I think in the last couple days was re-introducing... Way back, I don't know, two, three, four, I don't know how many years ago, multiple years ago, you used to able to ship your products from Amazon's warehouses to customers. You could use them as a 3PL fulfillment center without Amazon branded boxes. They changed that for many years and just this week I think they changed back to saying, "Oh, actually you can use our fulfillment services with your own proprietary boxes," or at least with unbranded boxes. And I think potentially... Who knows why they did it, it was kind of perplexing to a lot of people, but perhaps because they realize that they're losing on the shipping game and other merchants maybe are starting to migrate other places and if independent merchants are able to deliver the same shipping without Amazon maybe more then we'll move off. And one thing that we've done, we've done a State of the Merchant Report for the last three years, and our one for this year should be hopefully coming out fairly soon. But a trend that is really noticeable is the number of people that are going to Amazon is really... it's not reversing but it's plateauing very significantly. Andrew: And even just chatting with merchants and seeing a lot of case studies, people are taking a lot harder look at is it worth going on Amazon for how much channel risk you take on, how much loss of control of the consumer that you give up, you don't have addresses, all these things. They're just taking a lot harder look at is this good for my business long term? Stephanie: Yeah. So, do you think 2020 will show that a lot of people are pulling back from Amazon? Andrew: That is a good question. I think not a lot of people, but I do think when we released the report I made this prediction in the report too, so very likely could just fall on my face in the mud here, but I think the percentage of people who sell on Amazon, it was about 55% of all stores that we surveyed last time, I think that will decrease a small amount. I don't think we're going to see a precipitous drop but I think it goes from 55% to maybe 54 or f... I think we start to see that inflection point. Stephanie: Yeah, that's really interesting. The one thing I also read in your 2019 report was about the different marketing channels that people were using and I saw that Amazon ads had the highest ROI but not many people are using it, so I'm wondering what are your thoughts around that aspect of using it as a marketing tool? Andrew: Yeah. No, it's... Wow, good prep work. If you're on Amazon, Amazon ads you have to have a... people reported them being the most effective sales channel that they use. So, if you're on the platform they work really well, so definitely should be doing that if you're on the platform. I think it's just more of a... it's not a question so much of should we use Amazon ads if you're on the platform, you absolutely should. It's more of a question of do we want to be on Amazon in the first place? But, yeah, for people selling on Amazon they work really well. Stephanie: Yeah, okay. But then the other interesting thing I saw was that the average order value was way lower for... because if it's maybe a direct to consumer site or anywhere else people can maybe stack on additional things from your brand, where I think I saw on Amazon the average order value was much lower which makes me think you're not getting that, hey, you should maybe also try this from my brand and this from my brand as well and kind of increase the cart value. Andrew: I think that could definitely be part of it. I think a big part of it too is that if you have people on Prime there's no free shipping threshold, right? Have you ever ordered a... what's a good example here? Like a $3 koozie and it shows up and you're like, "How did they pay for the shipping for this? They lost money on this." Or even better, you order a $7 paperweight set that weight like 10 pounds and they ship it. There's no threshold so it's easy to impulse buy small stuff on Amazon. Stephanie: Yeah. Good point. Andrew: Whereas if you're buying from an independent merchant not always, but more often than not you're going to have some kind of free shipping threshold. So, either you're intentionally going to seek it out or you're buying multiple things so I think that probably also has a big part in why those order values are different. Stephanie: That's a good point. That's a good reason to look further into data and not just look really quickly like I did through the report. So, what other trends are you thinking are happening either right now, because a lot's been changing because of COVID and things are kind of just all over the place where some people are struggling, some people aren't. It seems like the market is changing quickly. What other trends or things happening do you see that people are surfacing in your community, or are you building into your next report coming out? Andrew: Yeah. So, eCommerce obviously no surprise here is just exploding, and we did a survey, this was in March when the world was falling apart and nobody knew what was happening and it was much more uncertainty than there even was now, and you saw early on in that you kind of saw a very big dip for the first probably week when COVID really started spiking and being taken seriously. And then you saw kind of half and half, half the businesses were doing okay or growing and half were failing, now I'd say you definitely have some businesses that are really struggling. If you're in the event space, if you sell items in the event space, any of the kind of in person things are having a hard time, but by large I'd say most of our stores are doing, you know, most of the industries are doing really well so that's fantastic. One thing that's tough, it's a downside, and anybody who's selling is probably going to be aware of is just the sales tax issue in the Unites States is just an absolute disaster, just on making- Stephanie: Tell me a bit about that because whether- Andrew: It's just a dumpster fire. Stephanie: I don't know if I... well, I actually probably have avoided anytime I see tax I'm like, "Oh, no thank you." So, I would love for you to dive in a bit and tell me why is the sales tax a disaster because [crosstalk 00:18:28]. Andrew: Yeah, so I'll try to be somewhat brief because you could probably talk about this for quite awhile, up until two or three years ago pretty much the case was if you... The only places you had to collect sales tax for was if you had Nexus in a state. So, if you had... I run a business out of Montana and Arizona, so Montana doesn't collect sales tax and so traditionally we've only had to collect sales tax in Arizona. There's a big Supreme Court case that came across in 2017 or 18. It was Wayfair versus South Dakota and pretty much the shakeout from that was that the Supreme Court said that states can require sellers that are outside of their state, they have no physical presence in their state, if they sell to a customer within their state they can collect sales tax on them if they reach a certain threshold. If they sell either a certain dollar volume in that state or if they have a minimum number transactions for that state. And it could be as low as 200 transactions and $50-100,000. So, the problem that causes is that now you have companies who create this economic Nexus and now all of a sudden they have to be responsible for collecting and submitting sales tax not just to 50 states but to potentially sometimes all these different municipalities and cites, and just creates a disaster of a compliance thing. Andrew: So, you've got companies that have sprung up to try to deal with that, and one top of that, if you sell on Amazon, technically if you have inventory... Normally, you send your inventory into Amazon and they a lot of times will split it up in three or four warehouses so it can be delivered quickly. Well, technically now if you have those inventory in those four states you have Nexus in those states and you have to also collect sales tax. So, it's just on the Amazon front, on the independent front, it's just created... We don't have any central governance for this. What I think would be best is if the federal government kind of took it over and said, "Hey, we'll create a national sales and redistribute." But at the moment you either have to deal with an insane amount of complexity, especially as you get larger, or you have to run the risks of being out of compliance and facing huge fines. It's a really rough place to be. Stephanie: Wow. How are you seeing eCommerce companies tackle this? That is not something that I've even thought about honestly, and it kind of scares me to ever start an eCommerce store now. Andrew: Yeah. There's a lot of different ways. Sometimes there's places... I have a company called The Tax Valet that helps out, they do a really good job. Kind of a personal hands on approach to doing this. Some merchants will use SaaS software like Taxify or TaxJar to be able to do that kind of stuff, Avalara as well. And some people just roll the dice and say, "Hey, this is a nightmare I'm not going to try to deal with this," so there's a lot of different... it depends on your risk tolerance, it depends how big you are, but people are taking a lot of different approaches to it. But to do it right it's really unfortunate. Stephanie: You'll have to hire someone. Andrew: Yeah, hire someone or really go deep on the SaaS side of things and dive in. Stephanie: Yeah, that sounds messy. Well, earlier you were talking about the howling out of eCommerce and I wanted you to talk a bit about that because we're talking still about the trends and what it's going to look like in the future, and I thought you had an interesting take on that so I'd love for you to go over that if you could. Andrew: Sure. And again, of course totally could be wrong here, but when I look forward into the future I feel like Amazon's going to be hallowed out in the sense that, or excuse me, eCommerce is going to be hollowed out in the sense that you have... On one side, you have brands on Amazon that sell either one or two things, they're either well known national brands, like the... well, I don't think Nike sells on them anymore so that's a bad example, but the... Why am I blanking on big national brands here? Tide for example could sell on there or Rubbermaid or Adidas, brands people... household names. They sell on there because it's just they know that brand, they go find it, and they want to buy it. You have people who are selling really small things, like we're talking about koozies or you needs stapler, or maybe you need a little backyard pool for the fact that your cousins are coming over and you really don't care if it breaks in three weeks and so you buy that. But then for anything in the middle that's like kind of not a huge national brand but also something that you want to have that's quality, I think a lot of those companies are going to start... people are going to buy much more from the companies themself, direct to consumer. Andrew: Because they can merchandise them better, the shopping and check out experiences are getting easier. I think brands are increasingly not going to sell on Amazon because there's, in addition to all the things we talked about, you also have huge IP issues and people ripping you off. So, I think that's going to be the hallowing out of eCommerce when Amazon's going to be a big donut and in the middle a lot of people are going to be selling directly on their own sites just because it makes more sense for all the reasons I mentioned, so. Stephanie: Yeah, that's interesting. We've also talked a bit about the conscious consumer that's kind of rising out of all this and how people are starting to care about what is the source of this product, is it actually sustainable? Is it a quality product? And less about can I have more and more focused on quality and sustainability. Have you heard that trend as well in your community? Andrew: Yeah, I would say I think that's something that's been kind of gradually increasing over the last five to 10 years. I think more than anything how it ties into our conversation is that Amazon over the last couple of years, and they've been fighting it and they've done some, to their credit, they've done some things to combat it, but they still have a... If you buy something on Amazon most people are not going to think it's... there's a little bit of a thought that it's probably not high quality, a little bit of a stigma for buying stuff on Amazon especially if it's not a name brand. Part of that- Stephanie: Even the name brands people wonder if it's it... is this a legit name brand, I've seen that a lot in comment and reviews. Andrew: Oh, totally. Partially because of review manipulation, partially because of counterfeiting, and partially because there's just a lot of... I mean, there's everything on Amazon so how do you filter through it, right? Stephanie: Yeah. Andrew: So, yeah, I think that's part of going back to that [inaudible] about the hallowing out of eCommerce unless it's a brand you absolutely have faith in or it's something that you don't care about the quality. Would you rather buy one of those borderline things from Amazon and roll the dice with an unproven brand, roll the dice with one of those mid-tier brands being counterfeited? Or, especially if you can get it just as quickly either because Amazon is shipping stuff really slowly or because increasingly independent merchants can deliver it more quickly with some of these other options via straight from the horse or straight from the source rather. So, yeah, I think for me that's how the quality issue ties in I think to the larger discussion. Stephanie: Yeah, that makes sense. Do you think that is why the drop shipping model has kind of decreased? I saw on your report that that is not as big of a thing as it used it, and I just remember... maybe even like last year, over the last couple years that was a huge thing. Everyone just said, "Start a eCommerce company and just drop ship things and let other people take care of it for you." What are you seeing with the drop shipping trend? Andrew: Yeah. So, when we talk about drop shipping I think it's important to differentiate two different things that come into people's minds. One is drop shipping, you can build a great high quality business based around drop shipping. A couple of businesses I started were drop shipping based businesses, one of them's still, under a great new owner, is still doing well. Really at the end of the day it's less about the product quality and more about how it's delivered. So, like Home Depot for example, they drop ship a ton of their stuff, some of their even big name brands because they're can't afford to hold everything in stock and that can potentially work out reasonably well. I think where it got a really bad reputation with all AliExpress side of things and so where- Stephanie: Yes, that's the stuff I read. Andrew: Yeah, right. And that's a whole different ballgame, and for people who, you know, if you're not familiar with that the 30 second version is you go onto AliExpress which lets you pretty much ship pretty much ship products directly from the factory in China to consumers in the US very cheaply through some kind of loopholes in the postal service. You can set up a store really quickly but by and large the products are garbage. They're just crappy, so that I think is where... There was a big rise in that, people ran that for a while, tried to run with that, but the problems were you couldn't build a brand around it because the products were awful, and because it took weeks to get your product to your customer, and probably because most likely if you're launching one of those businesses you know nothing about the product, so. Stephanie: Yeah. Never seen it, you don't even know if it'll make it or not. Andrew: Yeah. But even on the other side I'd say, that all aside, even if you're selling really good quality products, Amazon in the last five years has completely solved distribution. When I started for awhile I sold trolley motors, I sold CB radios, and back in those days you really could get a business up and running purely by sourcing a relationship with a wholesaler, doing a decent amount of marketing, having reasonable customer service and you were in business. But like today if you know what you want to buy, you know the brand, and you want it at a fair price, at a reasonable quickly you're probably going to go to Amazon for something you discreetly know that you want. So, Amazon's solved, at least before COVID and probably still I'd say a large degree, they solved distribution. So, how do you add value? You got to add value through some other way, usually that's through a lot of education or a really curated product line if you're going to sell existing products and those can be harder to get right. So, I don't think drop shipping is completely dead but I think it's gotten significantly harder versus even just two or three years ago. Stephanie: Yeah, that makes sense. So, one question I always try to ask on here is about metrics and data, and with access to your community I want to know what kind of metrics do people talk about as their success metrics or what do you hear people debating about when it comes to metrics behind if a business is doing well or not? Andrew: Yeah, I think the one everyone loves to talk about is revenue, right? But I think that's probably a pretty horrible metric to use. It's easy, and we're totally guilty of it, that's one of our thresholds for even membership. So, guilty as charged, I'm going to slay myself along with everyone that I slay here. We use it because it's easy, we use it because it's socially acceptable. It's way easier to say, "I do three million in revenue versus I made $600,000 last year. It's also way easier to say, "I did three million revenue," than, "Oh, I only made $20,000 last year and that was I didn't pay myself anything," right? Stephanie: Yeah. Andrew: But metrics that I think are most important, one that... To be totally frank, in the community we don't talk a ton about... a lot of our conversations really don't revolve around what metrics should you track. Bottom line is a big one, of course. Conversion rate's a big one, average order size is a big one. Repeat purchase rate is a big one. And I'd say we don't have tons of conversations about them, but I think probably the most important ones to think about today are repeat purchase rates because advertising is doing nothing but getting more expensive. It's getting harder and harder to get in front of people without paying the big tech gatekeepers. So, the more likely a customer is to come back to you and needing that product the more likely you can actually build a viable long term business, that's a big one. I think profitability per visitor is a huge metric. It's harder to calculate but if I was going to run my business on one metric it would be profit per visitor to my website. And the reason I say that is because it encapsulates a lot of things, conversion rate, traffic, all these different things. Andrew: But it really makes you focus on pricing. If I would have to identify the one thing that I have done across multiple businesses in my life that has had the biggest impact and taken the least work, hands down it would be pricing. And so few people play with it. Some people can't, a lot of people can. And it's terrifying to change prices because we all fear that when you change the prices that your business is going to disappear, but that rarely happens especially if you do it in a really smart way. And what you should be maximizing is your profitability per visitor, at least for new customers at a minimum. So, yeah, those are some of my thoughts on metrics, and again we don't... total frank, we don't talk a ton about... those aren't the hot topics but I think those are some of the things to really think about. Stephanie: Yeah. So, now you've opened up, what are some of the hot topics? What are some of the heated debates that are going on behind the wall? Andrew: That's a good question. You know what, let me pull it up. Stephanie: Yeah, open it up. Let's see. Andrew: I'm going to pull it up here. Stephanie: Sounds good. Andrew: So, we have a cool little feature. Let's just surface all the top discussions from the last year. So, I can't... for confidentiality I got to be sensitive, but here's some of our top stories from the last let's say month. The story about how someone sold their brand, their business that they built over the years and just the emotional rollercoaster and what they learned, and how they were looking to hire multiple... How to use influencers on YouTube to build an eight figure business. Stephanie: Oh, that's a good one. Stephanie: Yeah, the influencer one is interesting to me because it kind of brings about the question of the social shopping experience and how the US is so based... right now, I mean, a lot of people are looking towards influencers. Whereas other markets, like China, are not really as much about that. It's more about the social shopping experience. What were your thoughts, or what was the debate when it came to the YouTube influencers and how they utilize that, and do you think that's a longterm trend? Andrew: Yeah. I think one of the big themes I've seen is that the really big influencers a lot of times are spendy and hard to track, but you could potentially get a better ROI if you focus on helping maybe working with smaller influencers either for less money or just for product. Because it's, I don't know, I don't know about you but when I'm on Instagram and I see someone using a product, and especially if they even mention it in any little way I'm immediately a little suspicious. I'm like, "Is this person really like this product or are they just getting it comped and they're having to fulfill their end of the agreement that they signed up for?" Stephanie: Yeah, especially the more popular they are, like as it goes up to the really popular famous people then I'm like, okay, do you actually use that whitening strip? How much are you getting paid for that? Andrew: Yeah, and so I don't think influencer market is going away. I mean, we've had famous people endorsing things for decades, maybe 100+ years, especially in the United States, but I do think, yeah, I just think you can also waste a lot of money on it if you're not doing it carefully. Stephanie: Yeah, I completely agree. So, on your podcast I'm thinking, this is like self serveant, so I'll go with it, but what are some of the best questions that you've asked your guests before where you continued to get the best answers or the best stories? Andrew: Oh, good question. One of my... A couple ones, I would say what's the biggest mistake, or what's... excuse me, what's the last thing you apologized for I think is an interesting one. Stephanie: That's a good one. Andrew: I think another one is what's your number? Like, what's your number to be happy, like if you had X in the bank and what's your number where you'd be happy without having anymore? It's interesting to get a sense. You get numbers from all over the place from a million to 100 million, sometimes bigger, so. Stephanie: Oh, gosh. Andrew: Yeah. A lot of the questions are very specific to the individual person and their story, but for two general ones I'd say I like those ones and get some really interesting ones those times. Stephanie: Yeah, that would be really interesting. A good kind of peak into who that person is or how they think too. I like that. Andrew: Yeah. Stephanie: So, I know we haven't gotten to talk about the capital arm of your business yet and I wanted to kind of go into what that was like starting it up and what kind of issues you were encountering when starting a capital arm? What does that look like and I want a little behind scenes for the new side of your business. Andrew: Sure. Well, thank you. I appreciate it. Yeah, and I'll say in total transparency, like I said, very early into this. We're only about four or five months into this, so still pretty new. But you asked, and specifically were you hoping to know kind of some of the hard parts about starting that? Stephanie: Yeah, like what was the... not the thought process, because that seems pretty obvious like you have this great community and you maybe see some of the challenges that are going on, but what was it like starting a investment arm and what kind of challenges have you run into so far in the first four months? Andrew: Yeah. So, what it was like, it was terrifying. And I think- Stephanie: Sounds like it. Andrew: Yeah, traditionally you kind of have these two approaches where either you go out and raise a bunch of money and then you get all these commitments and you close on it and then you have to go out and put this money to work. It's kind of your life for the next often 10 years, and it's a traditional fund route. The other route is what's called syndicate where you pretty much do deals on a deal by deal basis, which gives you a lot more flexibility but the problem is every time you get a deal you got to go pass the hat and call a million and half the people are out, you know, of those half a quarter of them decide at the last minute that... like the funding process is a nightmare on that side. So, putting it together I kind of did something of a hybrid of those two where we have a group of about 20 investors that are tentatively in. I know them, they trust me, I trust them, and there's kind of a... they signed an informal thing that says, "Hey, I'm in for the next three years for this amount of money." So, hopefully it gives us the flexibility of not have to go out and deploy money just to deploy money, but we can also can be a little flexible, and we can also have the commitment from some people to go forward. Andrew: So, that's totally on the technical fund side, probably super boring to most people. But in terms of some of the challenges, I think that the challenging thing is just the number of deals you have to look at to try to find a good deal. I mean, I looked at over 100 deals so far at some level of depth and it's just finding, A, just good companies, B, where it's a good fit for both parties, and C, where you can see it working out well for everyone. It's really hard to find good deals, especially as a minority partner that comes in to invest, especially on the eCommerce side because our approach and what we're trying to do is buy, invest, in the long run with companies to build profitable businesses, like we're not trying to flip them. And I think in tech investing you can get away with a lot of sloppiness because you're kind of swinging for the fences. So, if you have a bunch that don't work out it's a big deal, most of them don't work out. Stephanie: They don't. Andrew: But with eCommerce, our model... we're looking to do singles and doubles and it's just hard to find really good businesses that you feel are going to be around for three to five years. So, the hardest part for us has just been finding great businesses that we feel check all our boxes, so. Stephanie: Yeah, that makes sense. Is there a common theme behind what these businesses are needing capital for? Andrew: Yeah, I would say... So, financing for eCommerce businesses is tricky. There are some options out there, there's things like Shopify Capital, there's ClearBank, there's PayPal Capital, Amazon Lending, all these things, but they're expensive. They also take a... often times you don't pay them back on a fixed rate, you pay them back on a percentage of revenue which can be good and bad. So, inventory financing is a big one but I'd say the people that we talk to it was probably half and half. Half of them want money for inventory financing to grow the business and half of them just really would love to have someone who has spent $15 million on Facebook ads in their career to be able to help them and give them some high level guidance on what to do and some thoughts there, or someone who's done a lot of importing to be able to tap into that knowledge based in that network, so. Stephanie: Yeah, I agree. When were thinking about fundraising back in the day I was like, "I actually don't really care about people's money as much as are they going to help me?" Like, I really don't want the most famous investor because I highly doubt they will spend any time with me. I want the person who's ready to get their hands dirty and help me with the nitty gritty stuff that I'm looking for help with. Andrew: Oh, totally. Yeah, there has never been... There's so much money sloshing around right now, right? And so there's a lot of places that get money, which is good if you're raising money, but it's greed. I think the real value ad is the experience side and the money is just kind of a nice perk that comes along with it often. Stephanie: Yeah. Yeah, I completely agree. So, you've been looking at a lot of businesses and you have a lot of businesses in your community, what is one thing that you wish online sellers would either start or stop doing? Andrew: Start or stop doing... Stephanie: I like to throw out the hard balls. Andrew: Yeah, no this is good. I would say I wish people would start having more fun with the copy in their business. So, one thing I always... and I didn't, I can't claim- Stephanie: That's a good one. Andrew: I can't claim credit for this one, but I've always liked to try to make the copy and confirmation emails and things like that fun and interesting and a little bit different as opposed to like, "Thank you for your order. Your order is 49732. We appreciate your business." Such a great... Transactional receipts are one of the most opened emails across all emails, shipping ones absolutely, and if you're trying to build a brand there's no better point to be able to, you know, have some fun and be able to be different and differentiate yourself, right? So, I think that's a big one. You can extend that to the product packaging, your website, all that stuff. But I would say take a little more risks and have a little bit more fun. I would check out a site called mancrates.com, have you heard of them? Stephanie: No, tell me a bit about them. Andrew: They're so good. They're so good. They sell fun gifts for men, so for example, instead of ordering your dad a tie you can order him a 16 inch by 16 inch wooden crate of beef jerky and steak rub that he has to open with a crow bar when it shows up to his house, Like stuff like this that's different. Stephanie: Oh my gosh. Andrew: And the copy is freaking just hilarious. So, check them out if- Stephanie: Oh, that's good. I'll have to check that out. Andrew: Yeah, they're really good. It's just you're buying an experience for the recipient and people pay up for it, so. Stephanie: Yeah, now more than ever with people not going out as much, not going in stores and stuff, you do have to figure out how to differentiate yourself. And I think that's a good point that, I mean, right now I'm even thinking I bought something and I'm getting the actual logistics email of DHL or whatever will be shipped at this time, and it's all this other text that I don't care about, so it's like, "Okay, I actually don't care about this email that's coming through." And if they would've made it unique and fun and exciting... like I don't even know what this is that I bought, that's how bad it is. There's no branding or anything, it's just coming apparently. Andrew: Yeah, if they were like, "The DHL guy had a wreck but your package was so important that he grabbed it from the fiery box and he crawled with one arm bleeding out and he handed it to the last person he saw and said, 'Deliver this, please. Deliver it to Stephanie,' and then he died." Stephanie: Oh my gosh. Andrew: That might be intense and maybe it doesn't work for all brands, but it sure as heck gets your attention and you're like, "Whoa, this is interesting." Stephanie: You need to write for our brand. I'm going to bring you on our team, Andrew, just for your copy. I need that. Oh man, that's good. All right. So, I want to do a higher level eCommerce question because I just think you're, one, you're willing to take a risk and you're willing to predict the future which I like. I appreciate that. So, I want to hear either what disruption is coming to eCommerce that's not already here, because a lot of people have said, "Oh, COVID's the biggest disruption." That answer's already been taken, so either the biggest disruption or you can tell me what the future of online commerce looks like in five years. Andrew: Biggest disruption coming, I'll try to tackle both of them. Biggest disruption is I think that... man, it's just coming from the guy. You talk about be willing to predict the future, I made a bet with somebody when Amazon was $200 a share that Alibaba was gonna out pace it. And now that Amazon is $3,000 a share, it was a humbling experience and it cost me a very experience steak dinner. That being said, here's my prediction... Stephanie: That's all right. I want your prediction still. Andrew: I would say the biggest disrupter, oh man... I'm going to throw a couple things out there, I think text is going to be a big one, SMS. But that's not like a big disrupter as much as just a new marketing channel that us marketers can leverage for awhile until we completely destroy texting for everybody which will probably take three or four years. Stephanie: That's a good one though. What are thinking around using that as new marketing channel? Andrew: Oh, I just think, I mean, if you look at the... I think email is just getting harder and harder unless you really want to hear somebody's email. So, I just signed up for the service HEY, are you familiar with that from Basecamp? Stephanie: I've heard about it and I seen a bunch of drama on Twitter about it, so. Andrew: Yeah. There has been... probably between them and the App store and all that kind of stuff? Stephanie: Yes, yes. Andrew: Yeah. So, one of the reasons I signed up for them is because they have this thing where you can screen your emails now, and the first time you get an email from a new sender you can say, "Hey, I want this person to pop in my inbox, or no, Johnny, from Michigan I don't care about your boat covers. Don't ever talk to me again. It's unsolicited." So, that kind of thing, I think email is going to be... there's going to be more and more tools and services that let you curate your email and really slice down who gets to hear from you and so email is going to get harder and harder. But if you look a just text message delivery versus email it's an order of magnitude higher engagement, readability, click through, et cetera, and I think that marketers are already, I mean, they're already starting to do that. People that I know that are on the leading edge have five, I haven't six figures, but definitely seen some good mid tier five figure SMS lists and they just do really well. So, the problem is you got to be really careful because when people text me about things that I'm not interested in... like texting for me is very personal. I text my wife, my family, my good friends. Andrew: I don't text with Bobby's Boat Shop in Michigan, and if he sends me a promotion via text I'm going to be pissed off. So, you got to be really careful about how you use that but I think that will be a big marketing channel going for, so. Not really sure if that's really a disrupter and it's already kind of here in some regards but I'll throw that one out there. Stephanie: Yeah, I like that. I think that's a good one though to think about how to be careful when you start using these new channels, because completely agree. I've had I think someone just texted me this morning who's like, "I'm the education blah, blah, blah person of your district." I'm like, "What are you texting me right now? Don't." Andrew: Oh, totally. You can really... and I think there's some pretty stiff penalties for not being careful about that in terms of if you just spam people via text, which is good. But yeah, nothing's worse than getting a text from someone you really don't want to hear about, so. Stephanie: Yeah, I agree. All right. So, next we have a lightning round, if you're ready, Andrew. It's where I'm going to ask you a question and you have a minute or less to answer. Andrew: Perfect. For each question? Stephanie: Yeah. Andrew: Awesome. Is there like a booing sound if I go over so I stop talking? Stephanie: No, it'll just be me, "Boo! Boo!" in the background. Andrew: Do it, do it. Stephanie: All right. What's up next on your Netflix queue? Andrew: I don't really... Oh, actually I do have... what is it? They're in Arizona, there's a place called Biosphere 2 where they locked all these people into this kind of self contained environment as a training mission to go to Mars, and they isolated them from earth atmospherically for two years, and surprise surprise it was a huge trauma fest. Can't remember the name of the movie but that's what I'm watching next on Netflix. Stephanie: Oh my gosh, that sounds insane. Andrew: Spaceship Earth is the name of the documentary. Stephanie: Spaceship Earth, okay. I will have to check that out. Very interested in that, and I also pontificate about Mars sometimes on our other show Mission Daily, so it's perfect for me. Andrew: Oh, perfect. Watch it tonight. Stephanie: All right. Where are you going next for your travel destination when you can travel? Andrew: Probably down Tucson, Arizona where... I'm up in Montana right now, but probably Tucson, Arizona which is where we live, so. Stephanie: Cool. Andrew: That's kind of a cop out. I need a better one. Stephanie: Wait, you live in Montana and you live in Tucson? Andrew: We're up here, we spend some time in the summertime up in Montana just to see family, friends, like that. Stephanie: Oh, cool. Andrew: Yeah, so we're heading back there soon. Don't have any plans at the moment but the next big trip I would like to take would be to Mongolia. Stephanie: Oh, that would be very interesting. Do you have an Instagram? I'll have to follow along when you go there. Andrew: @capalisthippie, so. Stephanie: Okay, I'll follow you. If you were to create a Netflix original, what would it be about? Andrew: Oh, this is easy. It would be... I'm fascinated with the question of where is the balance between running a business and being ambitious and chasing entrepreneurial success and having a great life and traveling and seeing your family and nurturing other side of yourself, and I feel like so few people get that right. So, my documentary would be pick 12 entrepreneurs from varying levels of that spectrum, live with them and follow them for two months each and try to come to some conclusions about if you were going to try to design your life to be able to maximize both of those, where's the line? Stephanie: Yeah. That's a really good one. I need help with that right now. Andrew: I think a lot of us do. Stephanie: Yeah. What podcast guest are you trying to get on that you just can't get, like they're just not responding and you really want them? Andrew: Oh, that's a good one. I think awhile we were trying to get Tim Ferriss on the show, which is super cliché. It didn't work out. Stephanie: Ouch. Andrew: Yeah, I know. I'm still upset about that, Tim. What is the favorite piece of tech that makes you more efficient? Andrew: Good question. I would say text expander is a big one so you can do saved replies and bump those out. Yeah, I'd say that's probably one of my favorite. Asana is another great one. I love Asana for we manage all our SOP's and long term projects there, so I'd say those two. Stephanie: Yeah, completely agree. I like them. All right, the last one, what new eCommerce tool are you hearing about that a lot of people in your community or outside of it are having success with right now? Andrew: I would say there's a tool called Bonjoro, and it's not necessarily just for eCommerce, but it allows you to send custom welcome videos to people really easily. If you think about sending a video to a customer it's probably not the filming that's the hard part, it's probably like the okay, I have to film it and then I have to send it, and then I have to edit and export, and it just lets you cue up these emails, send videos to people for kind of nicer customer service touch. So, yeah we use that for onboarding for a lot of our members and I've heard people have good luck with that, so. Stephanie: That's cool. Well, Andrew, this has been such a fun interview. Where can people learn more about you and eCommerceFuel? Andrew: Yeah, if you like podcasts, which at the end of listening to me talk for 45 minutes you prob are- Stephanie: Do you want more? Andrew: ... a glutton for punishment, yeah. I would love to have you as a podcast listener on the eCommerceFuel podcast, so you can get that anywhere you get podcasts, iTunes or elsewhere. But yeah the big home is just eCommerceFuel.com, so you can learn about the community there if you're a store owner and want to get plugged in or if you have an interesting business that are looking for either money or probably more importantly some expertise from a group of really experienced eCommerce investors. Yeah, I would love to have a discussion with you. So, eCommerceFuel.com is the best place for all that stuff. Stephanie: Well, it's been a blast, Andrew. Thanks so much and we will see you next time. Andrew: Yeah, this has been fun. Thanks for having me on.

It is easy to fall into the trap of overindulging in toxic negativity – we all do it. And with a media propagating a 24/7 news cycle of Fear, Uncertainty, and Doubt (FUD), finding optimism requires turning inward.  Learn how with Chad and Steph on this episode of Mission Daily. --- You can subscribe to our weekly newsletter at mission.org and find us on the socials at @TheMissionHQ. 

Jennifer Marshall is a Hollywood actress and a Navy veteran. On this episode of Mission Daily, Jennifer divulges her path from active duty to the red carpet. The struggles she dealt with during the early days of civilian life, the importance of mental health, and why authenticity will take you where you want to go. --- You can subscribe to our weekly newsletter at mission.org and find us on the socials at @TheMissionHQ. 

Chad Ledford likes to say that his Ecommerce journey started with a van and a fax machine. And it’s true. Chad has gone from selling socks out of a van to building one of the first and only online sock-sellers in the early 2000s, to his gig now, as the co-founder of AddShoppers, a company that was named one of the fastest-growing startups in Charlotte for two consecutive years, and an application installed on thousands of eCommerce websites  There were obviously many twists and turns on his journey, and he explains them all on this episode of Up Next in Commerce. But the main idea that drove Chad throughout his winding road was the idea of diversification. Long-lasting success only comes through diversifying marketing platforms, acquisition tactics, and communication channels where you can build those coveted one-to-one relationships with customers. He explains it all here.  3 Takeaways:    Anything that allows you to build a one-to-one relationship should be valued above others. Be willing to experiment here to maintain customer relationships  Be open to new and emerging channels and be ready to quickly experiment with those platforms so that you can be a first-mover and gain market share More and more publishers will soon invest in creating their own platforms, thus lessening the reliance of major consumer channels like Facebook and Google   For an in-depth look at this episode, check out the full transcript below. Quotes have been edited for clarity and length. --- Up Next in Commerce is brought to you by Salesforce Commerce Cloud. Respond quickly to changing customer needs with flexible Ecommerce connected to marketing, sales, and service. Deliver intelligent commerce experiences your customers can trust, across every channel. Together, we’re ready for what’s next in commerce. Learn more at salesforce.com/commerce --- Transcript: Stephanie: Hey, everyone, welcome back to Up Next in Commerce. This is Stephanie Postles, your host, and today we have Chad Ledford, co-founder of AddShoppers. Chad, welcome to the show. Chad: Thanks for having me. Stephanie: I would love to dive into your background a bit, because it seems like you've had a really interesting background, and getting into ecommerce, I want to hear all the stories around that, and how you got to where you are today, if possible? Chad: Yeah, you got it. I like to say that it started with a van and a fax machine. So, to give you a little background, my grandfather who raised me has been in the hosiery industry for the past 25 years, so he kind of introduced me to just entrepreneurship in general, but whenever I turned 16 I took one of his vans and loaded it up with socks and went door-to-door to small businesses to sell the socks. So, I did that pretty much throughout high school, saved up enough for college, and then whenever I went to college, my freshman year I didn't do a whole lot, played probably too many video games, but it really introduced me to the internet. Chad: So, my sophomore year I started to get the itch around trying to make money again, and that's when I basically took the socks that my grandfather had, and then put up my first ecommerce store. It was built on Microsoft's ecommerce platform, I don't even remember what it's called today, but it was back in the early 2000s. We just put up a couple SKU's, I gave my grandfather a fax machine, put a fax machine in my dorm room, and then as I would get orders I would fax it over to him, and it would print the labels off for it. Stephanie: Oh, my gosh, that's amazing. So, what kind of socks were they to be selling like hotcakes like that? Chad: Yeah, it was pretty much every type of sock. So, I think Bombas has probably made it cool, but at the time we didn't really have a brand, it was just socks. It was like ankle socks, or crew socks, but nobody else was selling them online at the time, so we got really good at the search marketing side of it. If you bought socks in the early 2000s, you probably bought them from us, because we were number one on Google for the keyword socks, and- Stephanie: Wow. Chad: Yeah, it was kind of a fun adventure at the time. Stephanie: So, was your grandfather any bit hesitant to go online, or work with his grandson? What was that like working together? That sounds, yeah, just really fun. Chad: Yeah, he was really supportive early on until it got to be too many orders that he didn't want to do it anymore. So, he basically said, "We have to find someone else.", and then that's when we got introduced to the idea of dropshipping. We basically just needed to find somebody that wanted to handle the capacity, and then that's when we learned about dropshipping, and how that fits in ecommerce. Stephanie: Wow, so you've definitely seen it all from the very start. What are some of the biggest shifts that you remember where you're like, "Man, dropshipping used to be like this.", or building up a website I remember silly things that would be super hard. What were some of the things that you remember from back in the day that just kind of look silly now looking back on the processes that you were doing, or the things that you were undertaking? Chad: Yeah, I think whenever we started doing it we were just thinking about it more from like a tactical execution standpoint. But what I mean by that is we could basically put up a site, put some products on it, and then we could rank for it pretty quickly. We weren't really focused on creating a brand, we weren't really focused on lifetime value, or how do we kind of cross-pollinate between multiple brands and things like that, it was really just how do we rank number one for this thing, and then push as many orders through it as we can? So, I think part of that is just being young and figuring out what business actually means, and how to maximize lifetime value. Chad: But at the same time, just the shifts that we saw, search was starting to gain more momentum, and more people were going online to start to look for things, and that's when we started to see the shift from retail dollars going a little bit more online, obviously that's accelerated a lot recently. But yeah, it's just kind of interesting, at the time we just saw it as a way to make money, but now kind of in hindsight it was a bigger shift that was happening with people, and people wanting to get more convenience, and better deals, and things like that. Stephanie: So then what brought you to co-founding AddShoppers? At what point were you like, "This is something I want to do."? And could you give us a little background on what AddShoppers is? Chad: Yeah so, that first business, 3tailer, was really built around Facebook. Whenever Facebook made a change to their algorithm we had to react as fast as we could to try to keep up. So, whenever we started AddShoppers ... we tried to be a little bit ahead of the market when it came to social media. Again, this was before everybody had a Facebook profile, and Pinterest was just sort of coming online, but we saw that a lot of people were spending time there, and a lot of people were engaging there. Chad: So, the first version of AddShoppers was to try to figure out what was happening inside of social, and is it driving sales for people? So, it was mostly an analytics product that a brand could plug in and it would tell them if a social channel was driving sales, and if so kind of break that down and tell you how and why that was happening. But the thing that we were trying to solve is diversification of revenue. We had the 3tailer business, which was really built on SEO, but we saw social kind of up and coming, so we wanted to figure out how to monetize that and drive sales for our own business. Stephanie: Wow, that's great. It seems like you guys were definitely very ahead when it came to spotting these trends, and seeing something that could get big, and starting to offer solutions around it to give deeper data insights for that. How did you realize that was a problem for companies back then, when I doubt a lot of companies were like, "We need access to the data, we need to do more with it."? I mean, now it seems obvious, but back then were you getting customers who were looking for help around that? Chad: Not really, it's just what we felt through our business, we had felt the revenue impact. We didn't have a wholesale channel set up or a physical in-store, so whenever something changed online we had to be on top of it to figure out what was going to happen next, and as social was kind of coming online we saw it as an opportunity. So, it wasn't a stroke of genius, it was we had to to survive, and that was the main reason that we focused so intently on it. Stephanie: Very cool. So, what does AddShoppers look like today? How has it evolved? Chad: Yeah so, similar to the early days of search marketing, Google kind of won the market, and then same thing happened with Facebook, Facebook won the market. At the time when we started it there were probably about 20 different social networks that we were kind of tracking, and figuring out how to drive influence on, but once Facebook became the clear winner it was obvious that the same things were going to start happening, Facebook was going to make changes, that was going to impact people the same way that search did for our business. So, we decided to look into other channels, and more specifically we wanted to looking into channels that don't change often. Chad: The ones that don't change often are usually kind of the baseline architecture of the internet, it's the open protocols, basically email, or SNTP, being able to send a message to someone has been around since the internet started, and as much as people have tried to kill it, it's still one of the top channels, and it's one of the few things that a brand can really own and be able to have that direct communication with a client without having to ... or with a customer without having to pay some sort of an ad tax, or CPM to really get in front of those people. So, today our solutions are really focused on creating ways for brands to tap into those open protocols a little more of like email, and being able to message a customer directly without having to go through the big guys. Stephanie: Got it. So, how do you get those emails? Is it something that a brand could already access, or what does that look like? What problems or pain points do the brands have when they come to you? Chad: Yeah so, most digital commerce brands realize the value of email today, especially whenever it comes to retention and lifetime value. So, the conversations are a little bit easier now because they understand that it is a really strong channel, and it's one that they have to defend, but most brands can only tap into what's considered first party data. So, first party data is data that the brand captured themselves. So, a lot of people build up emails from popups, or they capture it during the checkout process or things like that, but that usually ends up being anywhere from like three to 5% of their traffic that they've spent a lot of money to get to their site that they're actually able to capture, and be able to continue creating that relationship with them. So, the problem that we help solve today is tapping into that other 95% of people that are on the website, people that haven't given them their email address yet, but they're still showing a lot of engagement, and they probably still want to try to get those people to be their customers. Stephanie: Got it, so the people who are just casually browsing, or maybe added something to the cart and then left, the people like that who didn't directly give the brand their email, but maybe seemed kind of interested. Chad: Yep, exactly. Stephanie: Very cool. So, one thing I've read a bit about is that you said brands have been over-reliant on Facebook and Google when it comes to customer acquisition. How do you envision sellers getting around those two giants? If that's a main channel like you mentioned, like they're dominating the market, how should a brand find customers if they're not going to rely on those two areas? Chad: Yeah, I don't think they should neglect those. I think they need to figure out how they can push as much volume on those as possible profitably, but as a lot of D-to-C companies have seen more recently, as everyone starts to do that, it gets more expensive for everyone, because it's an option. So, it's more about creating diversity in the revenue streams, and it's more about just creating a closer relationship to the customer, and the ways to do that is through one-to-one channels, or really any kind of open protocol. So, if email is an example, another example is SMS, push notifications, direct mail, really anything that can kind of get you one-to-one with that customer and really build the relationship. Those are the things that should be valued a little bit more. There's ways to do it where it's not scary, and you can track the revenue quite easily. So yeah, I would say that diversification of the revenue is really the big thing, it's not just about avoiding working with the big guys, but only using them as much as you need to. Stephanie: Got it, that makes sense. So, what are some maybe, not a case study, but an example of a brand who came to you and diversified their channels to start maybe using ... texting is one thing that a lot of people have come on here saying they're thinking about or they are experimenting with sending texts to customers or potential customers, but they're not always really sure how to check that or how to measure the results. What are some maybe examples where you've seen that work well, or other channels that have worked well that maybe a brand normally wouldn't have explored? Chad: Yeah, I think the one that comes to mind it's a pretty big omnichannel retailer, they have about 50 locations and they sell sporting goods. I don't know if I can share the name, but basically- Stephanie: That's all right. Chad: ... they did a lot with the traditional advertising, so they ran local TV commercials, they ran local radio ads, and then they did a bit on Facebook and Google mostly around retargeting. They didn't really see those things as kind of top of the funnel activities, and because of that they basically relied on it for retargeting for the most part. So, they were basically spending on these offline channels, and then they were using digital as a way to retarget and try to convert those people, because it was the only way they could tie together the conversion of, "Hey, this person is on the website, and they just bought something.", and they could pretty much always get like a 10 to one return on ad spend. Chad: So, for them, they were kind of stuck in this omnichannel box where they couldn't do additional things for branding or impressions, because they didn't have a great way to track it, so whenever they started working with us, we helped them expand out into these other channels where they were still able to get a guaranteed 10 to one return on ad spend, because we were using things where we didn't have to buy media, like email and some onsite personalization things that we did for them. Today we don't have an SMS product, it is on the roadmap, along with push and a few other products, but really the email is still one of the biggest revenue drivers that we found for clients. Stephanie: Very cool, and do you help with looking into the data after you start these campaigns for the different brands and whatnot, because I know before we were recording you mentioned that you're really big into data and you love diving into that, so how do you incorporate that into the product, and with your clients? Chad: Yeah so, for us, there's two kind of chunks of data. There's the first party data, which you'll see in like Google Analytics, or if they have a CDP they can kind of analyze what their specific customer base is doing. The data that gets us really excited is network data, what's happening across a huge chunk of people. Our network sees about 200 million people each month, and kind of what they do throughout that purchase cycle, and then what they're actually responding to. So, whenever we think about data it's more about the overall trends and how you can change a visitor's behavior by creating a nudge, or creating some sort of incentive or offer to actually get the person to come back and convert. Stephanie: Got it, how do you have that big of a network, and how are you able to kind of see what people are doing? Chad: Yeah, so there's kind of two data sources that we have. One is a blind co-op, which I would say half of our clients are participating in that, and the blind co-op is the brands submitting data into it in exchange for being able to use the data that comes out of it to activate the campaigns. We don't sync data, we don't actually put data into another system, it's all self-contained within our system, but about half of the volume that we see comes from that co-op of data. And then the other half comes from publisher relationships that we have where we license the data, and again, we don't sell data, or we don't push data out of it so that users can still control all their data, but it gives us additional scale so that we can start to match who these people are. Stephanie: That's awesome. Was there any hesitancy with the brands sharing their data initially, or is it a little bit easier once they heard that other brands you were working with were already doing that? Chad: Yeah, we offer both. If they want access to the co-op data, they have to be part of it, so they have to submit to get access to it, that's basically what makes it the co-op. So, they can still work with us, and they can still tap into that publisher data, and a lot of the enterprise brands that we work with will never submit any data to any other system including us, and it's just off the table, it's not going to get through legal. We can still work with those brands, we just do it through our licensed publisher data. But the thing that gets us really excited is that idea of the co-op, and the brands being able to work together to do more together. Stephanie: Yeah, that's really cool. What's some of the most interesting things that brands have seen when they utilize the co-op data where they're like, "Oh, I never realized this or that."? Have you heard any underlying themes from these brands where they're getting access to something that maybe they never even knew to look into before, or had enough data to see that trend? Chad: Yeah so, we're still pretty early on the insight side of this and being able to open up things that they haven't been able to learn on their own. I would say we're a lot further along on the activation side of the data, so being able to actually perform a campaign that drives incremental results. So, just as an example, whenever we send out browse abandon or cart abandon emails, we end up sending about five to 10 times more emails than they're able to send internally. So, if a brand is sending out like 10 cart abandon emails a day right now, we'll probably send 50 to 100 of those by leveraging the data that we're tapped into, and then the benefit of that is revenue and less cart abandonment. Stephanie: Yeah, that's really cool. How do you guys identify shoppers that maybe were unknown before? Like if a brand couldn't identify them before, how are you all able to identify that shopper more easily? Chad: Yeah, so the core technology that this is built on is called deterministic identity resolution. It's a little bit of a mouthful, but Facebook has the biggest identity graph which uses deterministic identity resolution, and the way that it works is pretty simple. You, as a user, you've signed into Facebook on your phone, tablet, laptop, all of these various sources, and as you've done that, Facebook has given you an identifier, your Facebook ID, and then it's linked that to the different devices that you've done it on. So, our system works the same way, if you go to a publishers site, and you use an email address, our system encrypts the email and hashes it, and then we link that to the device that you do it on. Chad: As you do that across a network of devices and different publishers, that's how we're able to link an individual, or a hashed email, back to the actual devices that belong to that person. Once you have that link, then you're able to perform different types of marketing campaigns. So, what we're doing is actually no different than what Facebook and Google are already doing, except we activate the campaigns differently. Those guys, you can only get access to that identifier if you buy media through them and if you show an ad on Facebook, or across Google's display network. Ours lets you do the same thing, but we're doing it across open protocols like email, and SMS, and other channels. Stephanie: Ah, got it, and are you able to create like a shopper profile once you have all that data to then know how to maybe personalize your messaging to them, or really cater to that buyer who left? Chad: Yeah so, we don't append a lot of data to the actual identifier currently, mostly it's just the actual product that someone looked at, just so that we can dynamically include that product inside of the email, or anywhere else that we want to kind of push that product data to. So, we don't include anything like gender data, or demographic data, anything like that, right now it's just the email to the identifier. But as we continue to grow the dataset then that starts to get more interesting, and that's what's going to enable opening up insights and things like that. But today, we're really just heavily focused on the use case of kind of winning back those lost people using this unique dataset, and then from there we can start to append additional data to it as we go. Stephanie: Got it. It seems like there'd be a lot of new customers coming to you with this new D-to-C movement and a lot of people getting online really quickly now, especially with everything with the pandemic going on, have you seen a surge of customers coming to you and saying like, "Chad, help me. We have a bunch of people now visiting our site, and we actually don't know where they're coming from, and how to bring them back."? Chad: Yeah, most of our business is still driven through word of mouth, or through our agency partnerships. So, it's definitely been an influx this year, we're growing probably 20 to 30% month over month right now, just given- Stephanie: Wow, nice. Chad: ... everything that's been going on. So, it's a pretty exciting time, and it's awesome to see people looking outside of just Facebook and Google to figure out other ways to monetize. Stephanie: Yeah, that's awesome, congrats, that's great numbers, of course. When these brands are coming to you, are there any blind spots that you're like, "You obviously are missing this.", that a lot of larger brands just haven't looked into before? Chad: So, larger brands have a harder time kind of doing the up and coming things. Obviously they have a lot more things like infosec and legal that they have to go through. So, my only criticism of big brands is just that they don't test enough or fast enough, it's more about just speed of iteration. The space that we're in, digital commerce, it changes so fast, and by the time you're doing something that everyone else is doing you have to pay a premium for it. If the bigger brands could just get a little bit earlier in the adoption cycles of things, then they would be able to capture more market share and more of a customer base, and not have to worry so much about the D-to-C guys. Chad: But that's really the biggest difference between the big brands and why D-to-C's continue to capture more market shares, because they iterate so much faster and they test so much faster. So, my only feedback to big brands would be to figure out how to do it faster given all the internal constraints, and if you can figure that out it's not about finding one silver bullet, it's just getting through those iterations a lot faster. Stephanie: Yep, yeah, I definitely have seen that in practice before with having to go through a million approvals just to get one website, or one bug fix, or whatever the case may be. I'm thinking though right now might be a great time where brands have kind of broken down some of those barriers, because they had to move fast because of everything with the pandemic going on, they had to quickly stop campaigns, start different ones. I mean, so much has gone on over the past couple months, have you seen that on your end where it's shifting needs, and shifting a pace that maybe they weren't ever acting at before? Chad: Yeah, there's really kind of three camps that we're seeing play out. One is sort of the travel camp, which is at a halt, nothing's going on, and then at the other end of that is food delivery services, or really any kind of online education, which is just exploding, 400 to 600% over what they were before, and they're just getting hit so hard that they can't take on any additional projects for lack of resources, they're just trying to keep up with what they have. But then there's kind of this sweet spot in the middle of brands that are growing, maybe they're growing like 20 to 100% over where they were last year, and they're starting to hit kind of those Black Friday levels that they were at in Q4. They weren't really ready for it, but after the first couple months of this, I think people have started to realize this is probably going to maintain, and those are the brands that are really kind of what I see is capturing a bulk of the D-to-C movement right now. Chad: The guys at the other end of the spectrum where they're just getting hit so hard, yeah, they're winners but all the other competitors are also winners. So, we don't really know who the winner is out of all the winners yet, but in kind of that middle range, those guys that are competing in the middle, and still getting pretty reasonable growth rates, the ones that are getting another 10 or another 50% growth because they are able to iterate a little faster, those are the ones that are going to come out the big winners in their categories. Stephanie: Yep, yeah, completely agree. It'll definitely be very interesting to see who sticks around, because it seems like a lot of these trends, and I know it's been debated for the past maybe month of like what's going to stick, what's not going to, I think the data's coming in now that quite a bit of it seems like it's going to be here for the longterm. Do you have any thoughts on what's going to last trends wise, and what's going to maybe revert back to how it was a few months ago? Chad: Yeah, I think the ... we've just been kind of playing it out month to month. I think we're assuming that half of all the growth is probably going to stick. So, if you were doing $100 last month, and you're at $200 this month, then your new normal's probably 150. Maybe that's conservative or completely wrong, but I don't know how else you'd model out in this world. I think it's definitely inflated right now, but I don't think it's going to go back to where it was, so we just kind of picked the middle of the road there, and assume that half of it's probably going to stick. Stephanie: Yeah, no, that's probably a good initial methodology to use. I think one thing that's always interesting is looking at what's happening in China. I think I was reading about the Starbucks app how maybe it went to 85% usage from maybe 10% or something like that, and then it dropped back to, I think, like 33%. So, it showed that, like you said, it was inflated at a certain point, but now it was a huge channel shift to more people never probably going back to waiting in line, and ordering at the kiosk, or whatever it may be. Same with Philz here, I ordered online, or through the app a few times, and I'm like, "Why have I never done this before? Why do I walk up and stand in line?" It feels silly now. So yeah, I agree, that's probably still a bit inflated, but there would be quite a bit of a large shift that maybe not everyone's anticipating. Chad: Yeah, and the lifetime value approach to this, or figuring out how to get retention right is really going to determine the winners out of it. I think a lot of people are doing it now because they have to, so they're getting exposed to different things like an app, or they're buying something online for the first time, but if the experience is better than what they did before, they're going to keep doing it and then you can create the new behavior. But if the experience is worse, then they're going to sour on it, and then if it's not any better than what they were doing, they're going to go back to it. Chad: So, part of the onus is on the brand to really own that, and this is definitely a window of opportunity for every brand to get in front of more customers, and to acquire a customer for a little bit less, but the more that they can just focus on creating that great experience the easier it's going to be. A perfect example, we ordered a couch from Costco, like some outdoor furniture, and they shipped the complete wrong set to us, and it's still in our driveway after three weeks, and they haven't replied yet- Stephanie: Oh, my gosh. Chad: ... so it doesn't make me want to buy from Costco online- Stephanie: Oh, no. Chad: ... instead of just going to Costco. But yeah, any time that those kind of scenarios play out to the customer, they sour to that experience from that brand. Stephanie: Yeah, I'm trying to think of ways of how brands can rise above the noise, because I think through all the push notifications I'm getting right now, and some of them are helpful to keep them top of mind, I think it's like Uber Eats, and DoorDash, they're sending me coupons, and I'm always seeing notifications pop up that kind of remind me like, "Hey, you did this once, don't forget about us." But then a few other brands it seems like they're silent, and they haven't thought about maybe how to actually keep me engaged and retain me after all this dies down. How do you think about keeping a customer who maybe wasn't on that channel before retained to come back for the long haul? Chad: Yeah, I think it comes down to trying to create that personal experience and letting them know that you're always going to have their best interest at heart. I think that's probably where most people are under-investing right now, they're over-investing in supply chain or logistics because they have to have those things, but if they really go above and beyond on the customer support side and try to find those ways to have a conversation, it doesn't always have to be phone, it can be chat, it can just be a really responsive email team, but that's really where you can separate is ... most people kind of understand right now that things are going to be a little bit delayed, and shipments might take a little bit longer, but if you can't get back to a person in time, and if you're not letting them know that you're going to bust down walls to do what's best for them, then you're risking losing that person. And I think that's been proven with Zappos, Amazon, pretty much any one-to-one ecommerce, Chewy, it's all about the customer experience, and customer support is really what drives lifetime value. Stephanie: Yeah, completely agree. It seems like right now is a really good time too where you have the customer is a little empathetic to, like you said, things being delayed. I know I ordered something off Etsy, and it's like three weeks delayed. However, the person who is selling it has been constantly keeping me updated of like, "Here it's in San Francisco, here it's ... I see it on the map, I'm so sorry it's delayed." But I feel actually okay with it being delayed because she's been so open about where it is and why it's delayed and all of that. I think that's a good point of if a brand gives a good customer experience, even if something's not going well, that customer could still walk away with feeling good about it and having a good relationship with the brand just because they knew what was happening throughout the whole process. Stephanie: So, you've been in the world of ecommerce for a really long time, so I feel like it's good to kind of make sure you answer some high level ecommerce questions since you seem to be a good expert to ask. What's one thing that you wish online sellers would either start or stop doing? Chad: Yeah, I think starting's probably going go back to just iterations and testing faster. I think it's ... Most ecommerce teams, and the VP of ecommerce and CMOs, they'll usually set a KPI of like, "Let's hit 200,000 next month in sales.", or whatever it is. What they don't really set is tests, how many tests are we going to run next month, and whether those tests are successful or unsuccessful, being able to really emphasize that, and get through those cycles faster, that's the fastest way to really kind of have a process that lasts a long time in this space, because everything else is going to change. The channels are going to change, the way we market is going to change. Chad: So, the thing I would say do less of is kind of trying to squeeze a little more out of the lemons that you've already squeezed. So, if you've already done a lot through Google shopping, and you kind of optimized AdWords, then yes, there's always room for improvement, but if you try to get in front of that next thing that happens, it's going to pay dividends down the road. So, I would say do more testing and more iterations, and a little bit less optimization on all the things that have already worked once you're comfortable with those. Stephanie: Ooh, I like that, that's a good answer. It seems like brands right now are pretty hesitant to either do a lot of iterations just because of everything going on, or market in general. Have you also noticed that trend? Chad: Yeah, I think that's starting to loosen up a little bit now. I think a lot of brands just didn't know what to think early on, and for better or worse it was a great reason for them to go back and renegotiate a lot of things with a lot of people. So, I think they've kind of gone through that, probably cut some costs, and now they're realizing, "Oh, we might not have had to do that, but that was good to do. So now what are we going to do with all this extra stuff that we have?" So, I think people are starting to be a little more open to it now. Marketing budgets, any time there's a downturn, is always a thing that gets hit pretty hard. But ecommerce is definitely kind of in its own bubble, in its own world right now, so I think it's going to get a lot more attention that it didn't get before, and I think it's going to get a lot more emphasis on growth than it did before. Stephanie: Yeah, yeah, I completely agree. Is there anyone that you watch in the field ... not in the field, but I guess in the industry that you're like, "This is a good brand to watch.", where they stay ahead of trends, they're always kind of one step ahead of everyone else? Chad: I think wish.com is one that probably doesn't get talked about a whole lot- Stephanie: No. Chad: ... but they do a lot of really interesting things. I think when people think about D-to-C they end up leaning more towards the actual brands like Allbirds and those guys, which do a great job, but I think it's really interesting to watch the guys like wish.com, and even some of the stuff that Pinterest is doing right now is starting to get pretty interesting, more of kind of the marketplace approach. So, if I'm a D-to-C brand and I'm selling shirts, those are the guys that I'm trying to work with a little bit more. Stephanie: Got it. So, what is Wish doing, because I haven't kept up with them. I downloaded the app back in the day, and it wasn't the type of things that I would want to maybe buy quality wise, but I heard it has gotten better, so what kind of things are they doing, or Pinterest, that you got your eye on? Chad: think they're realizing that discovery is becoming more of a thing, especially on mobile devices and mobile apps. So, Wish does a lot with kind of endgame ads, and driving media buys directly from publishers. They don't do a whole lot on Facebook and Google, because it just gets too expensive, but they've gotten really good at running kind of the remnant ads, and driving downloads, which they can kind of funnel all the way through to a conversion. Chad: So, their conversion path is a little more complicated than just like, "Here's a Facebook ad, and did they buy a shirt?" But the way that they're able to monetize that is because they're focused on a little bit higher funnel conversions like an app download, and they know if they can get the app download, let's just say half the people are going to end up buying something for $1, because most of the stuff on Wish is $1, and then after that maybe they'll start to buy more expensive things on there. Chad: It kind of goes back to the ... there's a psychology study about a guy that was running as a candidate, and he wanted to get people to put these big signs in front of their yards. So, he went to half the houses and gave them a huge sign and said, "Will you put this in your yard?", and then he went to the other half of houses and asked them if they would put a small sign, but then he went back a week later and said, "Can I replace that small sign with a big sign?" Stephanie: That's good. Chad: Half the people would let him upgrade to the big sign after they got the small sign in place instead of asking for the big thing upfront. So, I think the brands that are really doing a good job right now are focusing more on those type of tactics where you have a small ask for the consumer, and then you sort of build on that over time instead of just asking them to buy a $1,000 mattress. Stephanie: Yeah, I like that story about the signs, I'm going to have to use that one in future episodes. Do you think it's ... Is there any reason to be nervous around relying on marketplaces like Wish, or Pinterest, or even Amazon? Chad: When they get too much market share that's when it becomes a problem, because then they can kind of control the ocean. It's best if there's a lot of players, usually five plus players, because then you've got options and you, as a brand, have a little more negotiating ability, and you've got some more leverage. So, this is what happens in the world, everything kind of gets consolidated, and then it starts to break apart again, or it gets unbundled. So, I think we just kind of keep going through those cycles, and then as you can, as a brand, capitalize on those cycles and try to do enough testing where you can figure out what that next shift is going to be, that's when you really start to hit your strides. Chad: A lot of the D-to-C brands that we look at today, and we're like, "Hey, these guys are awesome.", it was because they were early on Facebook Ads, and then they diversified outside of that. So, they really got their momentum by finding that market opportunity where there wasn't a lot of competition, and then capitalizing on it as fast and as hard as they could until it became too competitive, and then they expended it out, now they run TV, and they're basically a traditional brand like everyone else. So, if you want to be a successful D-to-C brand you have to find one of those market opportunities where you think that a wave is going to happen, and then you just ride the wave as long as you can. Stephanie: I like it. So, are there any platforms that you're paying attention to right now, or that you've heard some of your brands are looking into that are maybe more early? Chad: TikTok's probably the biggest one [crosstalk 00:38:46]- Stephanie: Yep. A lot of people have brought that up. Chad: Yeah. Stephanie: But tell me your thoughts on TikTok. Chad: So, they still have a lot to figure out with TikTok's ad platform, but this is always how it happens, they have a huge group of customers, and they're getting a ton of impressions, but they don't necessarily have all the data that they need to be able to get the highest CPMs for those impressions. So, right now it's sort of a ... they're just kind of running brands one-off, and you can get CPMs for pennies and just hope that it does something. TikTok doesn't have a very robust attribution system as far as like, "When they saw this did they actually convert?" Chad: But that's always how it works. If you can find something that really resonates then it's going to ... you can just maximize it, you can just push it as far as it'll go, and as far as your supply chain can handle it. So, there's no clear, "Do this on TikTok and you get this.", and that's what makes it appealing. If you can get into a platform like that, run a ton of experiments, and figure it out before the next guy figures it out, then you get the cheapest CPMs, and you get a huge growth rate from it. Stephanie: Got it, yeah, that's really interesting. It's funny how many people are starting to look into that, but no one's fully explained it how you did about why you want to find a platform, like you said, that it's not a, "Do this, and then you will get this result.", because if it's like that it's probably everyone already knows how to do it, and there's a lot of competition, and it's expensive. Chad: Yeah, I think Gary Vee probably said it best, but marketers kill everything. Once you figure out something works, then every other marketer's going to do it, and then it's going to stop working. Stephanie: Oh, he is heavy on TikTok, so he's- Chad: Yep. Stephanie: Yeah, I've gone on there a couple times and seen him all over the place on there. Are there any other platforms like that that you're looking into? Chad: I've heard retargeting on Snapchat's pretty good depending on the audience that you have, if they're under about age 40 then you can usually get pretty good results on there, who knows what that's going to keep growing into. There are some D-to-C companies that get pretty good traction on Twitter. I don't know if either one of those are really kind of growth channels anymore, they're more like optimization channels either for retargeting, or just figuring out how to get a little bit lower CPM, maybe it's half the rate of Facebook, but it could still work pretty well. Chad: I think what's going to happen next is that a lot of the publishers are going to start creating their own ad systems for this stuff. I think a lot of the publishers are sitting on a lot of data, and being able to target that data with them directly is going to be enabled by CDPs, or customer data platforms. So, a lot of these guys are starting to build those out now so that they're less reliant on Facebook and Google's ad systems for all the ad buys. So, I think that's where the unbundling is probably going to happen, it's probably going to happen with the publishers as they start to pull inventory from those guys, and start to figure out their own ad system. And if they can start to figure out lookalike models that work on the publishers sites, then you can cut out some of the middle guys, and then drive down the rates, which makes it more appealing to the D-to-C guys. Stephanie: Yeah, ooh, that's interesting. That'll definitely be fun to watch, because yeah, I've seen a lot of posts right now around people going to the more expensive platforms, maybe like LinkedIn where everyone's like, "It is not efficient budget wise to try and run ads on maybe LinkedIn.", but if you run a small subset on there, and then you retarget on Snapchat, that is way cheaper. That's how a lot of companies seem to be trying to get around the more expensive platforms right now. So, it'll be fun if more open up that aren't like that, or you don't have to go through that many steps to actually find your audience. Chad: Yeah, definitely, and I think another one is Tabula, if you haven't tried Tabula, you probably should, they've got lookalike models now and some retargeting, and the CPMs are still pretty low, so they're definitely one to keep an eye on. Stephanie: Oh, I haven't heard over time that, I'll have to check that out. So, is there anything that you want to share before I move into the lightning round where I ask a couple questions, and you have to have a quick question answer? Anything around ecommerce, or AddShoppers that's top of mind that we missed? Chad: So, we deal a lot in customer data, so sort of the elephant in the room with us is always upcoming regulations, and how do customers actually want to use their data, or how do we create an environment where we can have trust in the marketing world without violating someone's personal data. So, we as a company, we launched a brand called SafeOpt, it's S-A-F-E-O-P-T.com, and SafeOpt is basically the endpoint for shoppers so that they can tap into our data. A lot of companies have created things for CCPA, and GDPR that are limited to just California or just Europe, but we've created the SafeOpt brand to be exposed worldwide to anybody that ever wants to get access to their data, and I think that's how we, as marketers, build trust with consumers is by making everything transparent. Chad: I know like my grandparents and in-laws and things like that, they sometimes think if they're near an Alexa and they say something, Alexa's picking up on it, and all of a sudden they're going to start to see ads for those things. As a marketing technologist I know that the amount of data they would have to ingest to do that is pretty much near impossible, and that they're probably not going to do that. But it's little things like that, that create this perception of marketing being a bad thing, or marketing being a thing that is like this black box of it knows everything about me. So, I think that we, as marketers, have to continue to push towards versions that create transparency, and versions that give control to people that want control. Stephanie: Yeah, that's great. So, for the brands that are just optimizing for the California or European rules, what could you see happening for people who aren't thinking more holistically? Could they lose access to ... maybe if they had a whole customer subset dataset where maybe if they didn't do things correctly from like a privacy protection area, would they lose that whole entire dataset and couldn't use it in the future, or what do you see happening if they don't get ahead of this? Chad: I think a lot of it's more hyped up than what customers actually want to do. We get very few CCPA requests, or GDPR requests. Most people are just curious, they want to know what's in there. They don't necessarily want it to go away as long as there's some sort of benefit for them. Some people do, and you want to purge those people as easily as you can, because you don't want to violate their trust either. If they want to be completely anonymous that's up to them, but I would say that's probably less than one to 5% of all people, and it's probably the group of people that isn't the highest lifetime value. But yeah, I would say just focus on creating a ... It's one thing to just do what the regulation requires you to do, and it's a completely nother thing to do something that creates a good customer experience while accommodating the regulation. Stephanie: Yep, yeah, I love that. Cool, all right. Well, with the last couple minutes I was going to move into the lightening round, brought to you by Salesforce Commerce Cloud, are you ready, Chad? Chad: Let's do it. Stephanie: All right. What's up next on your podcast list? Chad: Ooh, I like Joe Rogan. Stephanie: Yep. Chad: I think he's pretty much just constant. Stephanie: But now you got to go to Spotify for him, right? Chad: Yeah, pretty much. Stephanie: Yeah, I like him, too. What's up next on your reading list? Chad: I'm reading Great by Choice from Jim Collins right now. Stephanie: Mm-hmm (affirmative), awesome. You'll have to go to our Mission Daily podcast, we are having Jim Collins ... we had him on the show, but we haven't published his episode yet, so I think it's coming out in a couple weeks. Chad: That's awesome. Stephanie: So, you'll have to go over there afterwards. What's up next on your Netflix queue? Chad: I've got a eight-year-old and a four-year-old, so I don't really get a Netflix queue right now. By the time nighttime comes around I'm ready to go to sleep, so I've got nothing. Stephanie: All right, I like it. What's up next on your travel destinations when you can travel again? Chad: Yeah, we go to Maine every year, this is going to be the first year we missed it in probably like 14 years- Stephanie: Oh, no. Chad: ... so we want to get back to the Maine beach as fast as we can. Stephanie: Oh, that sounds fun. Yeah, Maine seems really pretty, I need to check that out. All right, and the last, slightly harder question, what's one thing that will have the biggest impact on ecommerce in the next year? Chad: All right, that's a trick question. One thing with the biggest impact ... I think it's probably going to be the unbundling of Facebook. Stephanie: Tell me more. Chad: I think that ... So, Facebook is ... I would guess that they've hit their prime, and that micro-networks are going to start to grab users away from Facebook and push them over to their platforms, and all the various iterations that that's going to happen in. Mark's done a great job of kind of buying all the scale and everything that Facebook has now, but I think that without them continuing to innovate there, and with all the things that are happening inside of Facebook right now, I think they kind of hit their peak. I could be totally wrong, people said the same thing about Microsoft and a lot of other brands, but I think that's probably what's going to happen next. And then that's going to drive, for ecommerce, new opportunities like we were just talking about where if you're early enough on those you're going to be able to drive huge brand awareness and a lot of sales. Stephanie: Cool. Yeah, that's a great answer. All right, Chad, well this has been a blast, where can people find out more about you and AddShoppers? Chad: Yeah, so AddShoppers is A-D-D Shoppers.com, and I'm on Twitter @ChadLedford. Stephanie: Awesome. Well, thanks for coming on the show, and we'll see you next time. Chad: All right, thanks, Stephanie.  

Tim Hwang’s career path was set... until it wasn’t. On this episode of Mission Daily, the 28-year-old details the emotions it took to withdraw from Harvard Law School and forge your own path, building a multi-million dollar business out of 2,000 dollars, and how Fiscal Note revolutionized the district. --- You can subscribe to our weekly newsletter at mission.org and find us on the socials at @TheMissionHQ. 

Miles Everson is the CEO of MBO Partners, a platform business geared towards matching professionals with enterprises. Miles joined Mission Daily and discussed what makes his firm different from traditional recruiting services, why the future of work is evolving from traditional full-time employees to contractors, and why niche expertise is what will be driving the economy forward. --- You can subscribe to our weekly newsletter at mission.org and find us on the socials at @TheMissionHQ. 

A proud US veteran, Mike Stemple is the CEO of Inspirer, a company that trains executives to think and act more entrepreneurial through lectures, workshops, and consulting. Mike joined Mission Daily and discussed how his time in the military changed the lens through which he operates, how veterans have an opportunity to help the civilian world in a different way, and entrepreneurial best practices. --- You can subscribe to our weekly newsletter at mission.org and find us on the socials at @TheMissionHQ. 

Andy MacMillan is the CEO of UserTesting, a software platform designed to allow executives and leadership teams to watch users test their products and retain feedback in real-time. On this episode of Mission Daily, Andy detailed how his early days at Oracle and Salesforce set the foundation for his jump to UserTesting, why CEOs need to understand their job is to not run the company but make decisions, and the importance of organizational empathy. --- You can subscribe to our weekly newsletter at mission.org and find us on the socials at @TheMissionHQ. 

Michael Morgan is the CEO of Updox, a company that is working to simplify the communication and connection between healthcare professionals and their patients. Michael joined Mission Daily to discuss the early days of Updox, how the company set forth a growth plan, the importance of fostering an empathetic culture, and his work with Chapel Hill House. --- You can subscribe to our weekly newsletter at mission.org and find us on the socials at @TheMissionHQ. 

Oracle veteran turned Snowflake founder and CEO, Benoit Dageville joined Mission Daily to discuss the driving force behind leaving the comfort of a 16-year career to embrace his entrepreneurial spirit, the solutions they are solving at Snowflake, and Benoit gives his advice to anyone else looking to forge their own path. --- You can subscribe to our weekly newsletter at mission.org and find us on the socials at @TheMissionHQ. 

Michael Hansen is the CEO of Cengage, the largest US provider of course material. On this episode of Mission Daily, Michael shares how Cengage flipped a dying industry to benefit frustrated students and how changing their business model benefited their culture forever. --- You can subscribe to our weekly newsletter at mission.org and find us on the socials at @TheMissionHQ. 

Chris Hyams is the CEO of Indeed, the world’s largest job site search engine. On this episode of Mission Daily, Hyams details how their mission of emphasizing the job seeker first helped the company differentiate itself in a challenging marketplace, the obstacles of protecting and policing those who use their site, and why taking risks and being resilient has provided dividends in the long run. --- You can subscribe to our weekly newsletter at mission.org and find us on the socials at @TheMissionHQ. 

Pedro Bados is the CEO and Co-founder of Nexthink, a cloud-based software company that focuses on the employee experience. On this episode of Mission Daily, Bados discusses how NexThink is helping modernize the technology relationship between employees and their companies, why he encourages his employees to obtain and maintain a growth mindset, and how NexThink is revolutionizing the employee management experience. --- You can subscribe to our weekly newsletter at mission.org and find us on the socials at @TheMissionHQ. 

There is an evolutionary process for every business, and Beardbrand is no different. When Eric Bandholz co-founded Beardbrand back in 2012, all he had was a Tumblr blog with a modest amount of followers and an Ecommerce shop selling other people’s beard products. Today, Beardbrand is a seven-figure business with multiple high selling products of its own and an entire catalog of content that customers gobble up with each new release. On this episode of Up Next in Commerce, Eric tells us how he fortified his brand, and how success in the digital world is all about going beyond offering just a product in a box — it’s about delivering value and the best possible experience to your customers Key Takeaways: Move away from the strict focus on simply selling as much as you can and instead aim to find the ways you can add value to your customers’ lives. That will lead to more loyalty and, in turn, more lifetime sales When you're cash-strapped, you must think of creative ways to grow the business without capital. One way to do that is word-of-mouth — you can't incentivize word-of-mouth. You have to just focus on creating an amazing experience that your customers want to talk about Site speed is more important than other features. Achieving that  means cutting out pop-up ads and other third-party plugins, which data shows often do not provide consistent or meaningful ROI For an in-depth look at this episode, check out the full transcript below. Quotes have been edited for clarity and length. --- Up Next in Commerce is brought to you by Salesforce Commerce Cloud. Respond quickly to changing customer needs with flexible Ecommerce connected to marketing, sales, and service. Deliver intelligent commerce experiences your customers can trust, across every channel. Together, we’re ready for what’s next in commerce. Learn more at salesforce.com/commerce --- Transcript: Stephanie: Hey, everyone. Welcome back to Up Next in Commerce. I'm your host, Stephanie Postles. Today, we have Eric Bandholz on the show, founder of Beardbrand. Eric, welcome. Eric: What is going on, Stephanie? Stephanie: Hey, hey. Thanks for hopping on here. Eric: Yeah. I'm excited for our conversation. It's going to be a lot of fun. Stephanie: Me, too. You are a true brand. You're rocking an awesome beard. Just what I expected when I was hoping to see you on video. I'm like, "He better have an epic beard, or this conversation won't go well." Eric: Well, it was funny because, actually, I shaved it all off in December, the beginning of December, of last year. That was kind of a big deal for us. That was the first time I shaved my beard completely off. Stephanie: Oh, man. Eric: She's like, "[crosstalk 00:00:44] your beard," or something like that. Stephanie: How many customers did you lose when you did that? Eric: Well, I'd like to think that we actually added a lot of customers, because Beardbrand is not about the beard. It's about the man behind the beard. We kind of support a guy's right to grow his beard as much as his right to shave it off. I really wanted to make that point, especially today, with a lot of our competitors challenging people's masculinity by not having facial hair. We want to kind of say facial hair doesn't matter at all. It's just a style. Stephanie: Cool. Eric: We did some YouTube ads on it as well, which was a lot of fun to do. Stephanie: Awesome. I'd love to dive into the background of how you started Beard Brand and the story behind that. Eric: We're in business, I think it's got to be, eight years now we launched. Stephanie: Wow, congrats. Eric: We launched in 2012 after I had grown a beard out for about a year. What happened is, at that time, I was trying to do this graphic design business or design business, and I would go to networking events and everyone would call me Duck Dynasty or ZZ Top or Grizzly Adams. Those are super cool dudes. They've got epic stories as well. As an individual, I don't identify as those kind of guys. I've got the softest hands you could ever imagine. I never touched an axe. I ended up attending this event where I met other dudes like me who are other entrepreneurs and designers and doctors and lawyers and dads. I realized there's this whole community of guys that do not fit the traditional stereotype of a bearded guy. That was the inspiration to kind of call myself an urban beardsman. Stephanie: I like it. Eric: Beardbrand was going to be the community to unite urban beardsmen and give them the tools they needed to feel confident about rocking a beard. To us, the tools don't mean just the grooming products. They mean, videos. They mean blog posts. They mean style inspiration. They mean community. Over the past eight years, we've been rolling all that out. We've gotten an epic blog and a YouTube channel with over a million and a half subscribers. We've got a private community where we connect with people. We've put on conferences for our customers to be able to connect in person. We've really worked hard to support our audiences, support our customers. I've got two business partners. We're completely bootstrapped. We have no debt. We have no outside funding. We've been able to grow to a nice size seven-figure business. Stephanie: That's amazing. Congrats on all those YouTube followers. How do you think about utilizing your content to sell your products? Was that an idea and a strategy from the beginning, or was it more organic, where you started on YouTube, and then you're like, "Well, now, we have all these followers, we should launch a product as well?" Eric: Yeah, if we'll hop in our time machine a little bit more. We launched 2012 as a blog, a Tumblr page, which I don't think anyone's ever heard the word, "Tumblr," five years [crosstalk 00:03:53]. Stephanie: Long time. Eric: We had a Tumblr page. Then, we also had our YouTube channel. This time, it was just me, as kind of a side project. I'll make a couple of posts on the blog. Then, I would just re-blog some things on Tumblr to make it look active. I think I did six videos on YouTube. It's not like, in that first year, we really built this thriving community. I think we had 300 subscribers on YouTube and just a couple of thousand visitors to our blog. It was enough that a reporter from the New York Times saw the blog and kind of quoted me as an expert. Stephanie: That's awesome. Eric: We utilized that opportunity. I convinced two of my friends to go into business with me, and said, "Hey, why don't we turn this blog into an e-commerce store?" We found a product. We started reselling it. We literally launched the website a day before the New York Times article went live- Stephanie: Wow, perfect timing. Eric: [crosstalk] a couple of days. That was kind of the spark to the business to really give us the energy to continue. Then, I had the vision that Beardbrand, the Urban Beardsman, is going to be like how Lululemon is to people for yoga or Vans shoes is to skaters. Beardbrand and the Urban Beardsman was we're going to serve these urban beardsmen. I always visualize that as apparel or accessories or clothes. I really didn't have the industry knowledge to be able to do that, and the margins are so tight on there, and some seasonality that we found grooming products was going to be that product that united the community. Eric: After, I guess, a year or two of failure after failure after failure of trying to get apparel up and accessories up, we finally admitted that we're a grooming company. For us, the content that we've created was more of not to drive sales. The products we have allow us to share our word more. We sell products as a way to kind of expand our voice and to grow our content, not as a way to create content to sell products. I think we're one of the companies that kind of view it a little bit differently. Stephanie: Got it. How do you utilize newsletters and reaching your subscribers once you have them or engaging with buyers or prospective buyers? I think I've read about some newsletter strategy that you have from day one, everyone kind of starts out in the same place to go on the journey with you. Is that still accurate? Eric: Yeah. We utilize Klaviyo to, I think they call it flows, where you have these series of emails that you send out when people join your email list. We've launched that, I think, in 2015. That's been really good. When you think about building a business, as much as you can automate and build systems and processes, then the more you're going to be able to scale your business and the more traction you're going to be able to gain. Eric: This series that we opened up with is really like an education series. I think it's a 5 or 10-part series where we teach them how to care for their beards, teach them how to care for their hair. A lot of guys still don't know how to shampoo and condition your hair. Basics like that where, honestly, they've been doing it wrong, but there's opportunity for them to improve their techniques and, ultimately, get better outcome through their journey. That's been big for us. Then, at the end of the flow, we give them a little thank you product, or free shipping, or something like that for taking the time to invest in themselves. Stephanie: Got it? Are there any best practices you would recommend other e-commerce sites when it comes to utilizing that newsletter or where you're like, "Conversions were high when we did this," or, "They were lower when we did this," or, "That thank you product really does help drive future sales," any insights around that? Eric: Yeah. A couple of things that we've found that work over the years is we have a product that is not available on our navigation. It's kind of a hidden kit that is only available to people who join our newsletter. Stephanie: Interesting. Eric: The retail value of that kit is $50. We give them a pretty aggressive price point to be able to get on board. It's kind of like a tester kit, sample kit, so they get exposure to a lot of our products. We found that that works really well because we can say, "Hey, get this tester kit, try all of our products, use these products as you're learning about the things that we're telling you, then, in two weeks or a month or whenever, when you go through the products and look to re-up them." We found that that works really well at getting people into the ecosystem and trying our products. Stephanie: Very cool. Eric: What other best practices do I have? For us, it's so much about content. I think a lot of people really err towards sales and discounts and buy from us and chest thumping. That's really not our style. I would challenge people out there to think about how you can bring value to your audience's lives. Then, if you bring enough value to their lives, then, kind of the whole Buddhism karma thing, it will come back to you. People will end up buying from you. We kind of have that outlook on the world, that if you do good things, good things will come back to you. Stephanie: Love that. How do you think about your buyer experience and making that personalized and unique to all your customers as they come in? Eric: We've invested a fair amount into our packaging to our products. The unboxing experience is nice. We use nicer primary packaging, which is going to be your bottles and your labels and your caps and all that. Then, we use nicer secondary packaging as well. When they actually get the boxes and they open it, it's pretty nice. In addition to that, we're working with our own 3PL or a third-party logistics, our own fulfillment center. We make sure that we work really closely with them that they wrap it kind of to our specifications. There's a nice little unboxing experience, a little bit of tissue paper, and a Beardbrand sticker. Then, we have what's called a thank you kit. Within this thank you kit, we have a little booklet. The booklet usually changes every quarter. For instance, one quarter, it was a book of reminders, which are kind of my nine reminders that I tell myself in life as I face adversity. Stephanie: That's great. Eric: Daily planning. It's all tied around our core message or our tagline, which is keep on growing. We're trying to, again, bring more value. You buy from us and, not only did you get great products, but we brought you a little more value outside of what the products can do. Hopefully, by delivering this experience, we can grow through word-of-mouth and loyalty and customers who want to stick around, rather than kind of going on to the next hot thing. Stephanie: I was just going to say I could see that adding to that viral experience by giving people those little presents that are really fun to share, then, just engaging with more customers because of that. It's really interesting to hear about. Eric: I'll tell you this. If you're trying to build a bootstrap company, the reality is you've got more time than money. When you're cash-strapped, you've got to think of creative ways to be able to grow the business without capital. One way to do that is word-of-mouth. You can't incentivize word-of-mouth. You have to really just truly focus on such an amazing experience that your customers want to talk about it. When you have that mentality, not only is it healthy for your business, but it's going to be healthy for your growth. It's just kind of a win-win, and the world's a better place because you're bringing that much value to the customers. Stephanie: I completely agree. Are there any success stories or big failures that you've had come from trying to generate that word-of-mouth and getting people to spread the word? Any advice around that? Eric: It's actually not a metric that we really track or keep an eye on. It's just more of a philosophy internally of just being customer first. I think, to a certain degree, you do have to integrate data. We used to include a little sample of products for people. We found that those samples weren't driving any additional sales of those products in a significant way. When you look at that, you're like, "Well, are you actually bringing value to customers if you're giving them something for free that, maybe, they didn't want or they didn't want need? Stephanie: How do you track that, or how did you know that people weren't really using it or that wasn't helping drive sales? Eric: We would send a beard wash, a little sample, a one-ounce container. Then, we would look at if there's any increase in sales of beard wash. Your data is always going to be muddy, especially when you're a company that's our size and really small. We fundamentally can't get the data. You do have to go off of a certain gap. You have to also look at, "Well, every sample is costing us," let's say, it's $1. Every order is going out, five orders is $5,000 a month. Then, if we're not seeing a boost of really $10,000 in sales to justify the cost of that, then the margin and the future order, then, you're not building a sustainable practice. Again, as a bootstrap company, you do have to think about your marketing efforts being sustainable and being able to exist on their own for a long time. Stephanie: How do you think about creating these marketing campaigns, whether it's YouTube videos? How much do you guys put out per day or per week? To me, that feels like it could be not sustainable if you don't have the right team in place, the right video crew. Especially right now, I'm thinking everything with COVID-19. Has it been hard to keep that content going out and recording the videos and launching them on YouTube and everything? Is it still pretty good, because it's a remote team doing that? Eric: It's been a really long, hard journey. To the listeners out there who are hearing our story now, eight years in is like we've had eight years to build these processes and systems and relationships. You're not going to be able to do all the things that we've done on day one. We're still cranking out about six videos a week. We've been able to do that by leveraging multiple personalities, just like you guys have multiple shows. We're kind of the same thing. It's not all on my shoulders, and worrying about me getting burnt out. Eric: We have four different regulars on our smaller channel called the Beardbrand Alliance. Then, we have, probably, maybe 4 to 10 barbers who will hit on to do these kind of barbershops style videos. We've been able to really spread the burden of the YouTube channel. Then, we have an in-house video editor who is constantly video editing. He's a machine. Then, in addition to creating these YouTube videos, we do a fair amount of advertising in the video form as well. We do have video editing handled by our ad person as well, our advertising coordinator. She'll be cranking out content that way as well. Video is great, man. I would highly suggest anyone listening that if you invest in video, you could have a pretty good competitive advantage in the marketplace. Stephanie: I completely agree. Video is where it's at. How do you make sure that your videos and your content is found? A lot of people create some really awesome stuff and then be like, "Now what? I've only had one view on it," or, "I don't know how to get people to view this video, and then take the action that I want afterwards, which is, probably, buying one of the products that I'm highlighting?" Eric: There's two answers to that. One answer is you pay for it. Really expensive, but if the content is truly remarkable, for instance, when I shaved my beard off, we filmed it. We created a 45-second ad on YouTube. To get exposure on YouTube through their advertising system, if the video is engaging, it's extremely cheap. I think we're paying a third of a penny per view. Stephanie: Yeah, that's cheap. Eric: A million impressions was, I don't have the calculator in front of me, what does that look like? Stephanie: Something great. Eric: Yeah. It's astronomically inexpensive. At the same time, you may not be targeting the right people. Now, organically, I think YouTube is going to be the platform to go, because of how they recommend videos. It's a little more evergreen than Facebook. There's certainly opportunity on Facebook and Instagram, but I'm not as strong on how to perform there. It comes down to, in the early days, the reality is no one's going to watch your content. You think that sucks, but the reality is it's awesome. Maybe, you'll have one person or two people or 10 people watch it. Then, you'll get a couple of comments. Well, you'll use those comments to get your content better and better and better. Then, by the time you've built a larger audience, you've kind of figured a lot of these things out, so you're not really damaging your audience. You think what you create is great, but the reality is it's not. Stephanie: I agree. Eric: [crosstalk] will be shared. By creating and by doing, you get the hang of it, you get more natural in front of the camera, or you get more natural on the editing process and telling the story. As you learn, it compounds on itself. If you're thinking about getting into organic video on YouTube, then plan on having, really, 20 or 50 videos that you want to produce before you really even see any kind of traction. I think it took us three years before we got 10,000 subscribers. Then, again, it compounds and you learn and create more content. You create more content faster that's more in line with what people want. Then, all of a sudden, we're able to grow to daily content and getting 10,000 subscribers a month. It takes time and it takes learning. There's a lot of insights in YouTube that you'll need to learn as well. Stephanie: I think it's really good as a reminder to kind of detach yourself from the content, because when you put something out there, it's like, "It's my baby. That was my best one yet." I remember when we were starting our company, the first couple of episodes we did on Mission Daily, Chad and myself, it didn't get any downloads. It's a brand new podcast. No one had heard about it. We didn't know how to grow the podcast at that point. I remember thinking, "That was my best episode yet. I'll never be able to do something that good again." Now, I look back on it. I'm like, "I'm very glad no one was listening to those episodes because they were not good and the audio wasn't great." It's just a really good reminder to put stuff out there more in the learning phase. Then, eventually, you can move into the really trying to find those subscribers and followers, once you get to the point where you're a bit more experienced and you've tried a bunch of things out. I love that. Eric: Yeah. So much of it is just the process, for a podcast, making sure you can line up those guests and you can post it early. That's hard work. It's easy to get the first one done, or maybe, the first couple and queue it up, but to also record and organize and plan is a very big challenge. Those are the things that you'll be solving when your audience is small. Then, as you solve those, that allows you to grow your audience. Stephanie: I agree. When it comes to solving problems when you're small, when you got the visibility from, I think, you said New York Times, and I think I read Shark Tank, when you got that visibility, were you ready? Was your website ready, your product ready, your fulfillment strategy ready? How did that go when you got those bumps in visitors? Eric: New York Times drove about $900 of sales. Stephanie: That's huge, just kidding. Eric: It actually is. I think we had $100 worth of product. It was nine times our inventory. Fortunately, we were able to solve all that. You have a lot of growing pains, I think. This is my first successful business. I had no relationships. We didn't know where to get our wooden boxes made. We always dealt with supply chain issues. Really, the first two years, as we were growing rapidly, it was just always like a fire was being put out. Then, eventually, we moved to quarterly planning, which has helped significantly in managing our inventory. Stephanie: What was the Shark Tank experience like? I haven't talked to anyone who's been on there yet. Eric: Oh, no. I'm your first breaking your show. Stephanie: Yeah, you're my first. Eric: That's virginity. This was 2014, I believe. Yeah, it's got to be 2014. Halloween 2014 is when the episode aired. A lot of things may have changed since that time. I know Shark Tank was really popular at that time. A lot of people were watching it. It's a very stressful process, because during the whole campaign, not only 80% of the people who go through the whole process are going to end up on the show. You could end up investing a lot of energy, a lot of time. You could pay a lot of money to build out this fancy display case. You could fly out there, step away from the operational needs of your business in a time where your business really needs this stuff. Then, do all that and not make it there. Eric: We always knew there is a good chance that we didn't make it there. Subsequently, we didn't put too many resources into Shark Tank. We kept our display stand, I think, we paid $300 to rent some furniture. Then, we put out some products there. It's just me going on show. It wasn't my business partners, so they could kind of focus on building the business and I just kind of focused on the Shark Tank pitch and stuff like that. Then, you get up there and it's stressful, not just because of pitching to the Sharks, which is how they make the show seem, but also knowing that whatever you do is recorded in front of seven million people. If you make a mistake, you're like, "Seven million people want to know about that." Stephanie: It's replayed over and over again, and reruns. Eric: Yeah. And, fortunately for us, I feel like Shark Tank, they did a pretty accurate representation of how I felt the conversation was. They're cutting down 45 minutes to seven minutes. They're trying to craft a story in seven minutes. Then, the hard part is all five of those sharks, they talk to you all at once and you don't know that on the show coming in. They all ask you a question right at the same time. When you see the people pitching and they're looking all over the place, it's just because five people are talking at once and they're just trying to figure out who to talk to. Stephanie: Wow. Sounds very intimidating. I do love Shark Tank, though. I hope to try and find your episode and see if I can watch it. Eric: Yeah, do it. It was a fun experience. It was like how your heart can race and go on through a roller coaster. It was really that. The whole time, it's just like the adrenaline is pumping. I'm not very good with words. I'm kind of dyslexic. I'm just hoping I'm not saying anything too stupid. I think it was a great experience all over. I think what they're doing for entrepreneurs is great, too. Stephanie: I completely agree. In early days, were you completely selling on your website? How much of it was selling direct to consumer versus wholesale, versus, maybe, utilizing Amazon would your sales strategy look with your brand? Eric: We've done a little bit of everything. We started off direct to consumer. We actually started off, as I said, as a simply an e-commerce retailer. Another people's products in the early days, until we're able to develop our own products. As we were able to get traction, we had passively, companies like barber shops and salons and pharmacists who would want to sell our products. We would kind of sell to these smaller retailers. It was never a core focus of us to bring on wholesale retailers. Eric: Then, we would get on the Amazon. This was the early days of Amazon. Hindsight is 2020. We probably missed a fair amount of opportunity on there. We really always focused on selling on Beardbrand.com. Amazon was never more than 10% of our sales. After a couple of years, we ended up pulling off of Amazon completely. You can't get our products on Amazon now. That's been a great decision for us. Then, we also brought in Target as one of our wholesalers. That happened 2018. Today, we're about half the retail and half direct on Amazon, and on any other market. Stephanie: Very cool. How do you think about separating yourself from your competitors? Not that I watched the beard space often. I don't have a beard that I know of, but I have seen a lot of beard oils coming on the market and just things focused around that. How do you separate yourself from the competitors, especially since you're an e-commerce site and you don't have a bunch of retail locations or not in a ton of places? How do you show that value on how it's different from other products? Eric: The reality is, you're always going to have a competition. If you have no competitors, then your competition is ignorance. We've kind of always embraced competitors and knowing that we're going to have competition in the sense that it's going to force us to elevate our game and provide such an amazing experience to our customers, that they'll have no option other than to go with us because we are the best. With that mentality, we've also come to terms with certain things, like we're not going to be the low price product on the marketplace. If that's the game you want, then we're not going to be a good fit for you. Eric: We try to be really clear about the value that we bring and the things that, maybe, we're not great at. There's always going to be trade off. To us, I think we do a great job because we bring all that value to our customers. Like we talked about earlier in the show, the content marketing, the education, the blog articles, the email flows, the YouTube videos, the customer service experience, the unboxing experience, I think, all of those things are what makes Beardbrand a different company and why someone would want to buy from us. If they're just some dude who doesn't really care and they just want whatever's cheap, then Beardbrand probably isn't going to be the best product for them. Stephanie: I like that idea of being upfront with, "Here's what we sell. If you don't want quality, then, maybe, go somewhere else to find something different." Do you market differently based on that? Eric: To be fair, there's other quality products out there as well. I don't think there's quality products out there that also do the education, that also do the packaging, that also do the customer experience. There's so much more to a business than what's in the package or what's in the box? I think a lot of companies get so focused on their product. Anyone can rip off your product. They can exactly copy your product. They can come down to an exact tee. Then, if that's all you're standing on, what do you have there? Then, it becomes a race to the bottom for the price. Eric: When you build a business, you have to think beyond your product. You have to think about, "How can I really bring value to my customers that is beyond the product?" The product alone is not going to do it. Stephanie: Got it. I love that. How do you think about building better business models for other e-commerce companies? I was looking at, I think, on Twitter, you had an experience with West Elm. I guess they had marked down a table. You kind of went through how e-commerce companies need to figure out how to develop better business models. What is your advice around that? Maybe, you can highlight that experience a bit, because I didn't read the whole thread. Eric: Yeah. A little background story. I bought that table, that table I'm actually using for my podcast studio. 25 days later, they put on a sale where I could get the exact same table, but it cost me 75 days, or excuse me, $75 less. As a consumer, that's kind of frustrating, because you kind of feel like an idiot for not waiting out. I would have waited 25 days to save 75 bucks. Personally, I don't think that's a good experience. I recognize they're doing sales, they're doing weekly sales, and some sales are better than others. To me, I feel like, have some kind of policy in place where, within a certain time frame, whatever you feel is appropriate: two weeks, a month, two months, whatever, that you can guarantee the offer that you're giving to them. Eric: It doesn't even have to be a money back guarantee. It could be a store credit guarantee. Then, I think that's going to encourage a lot more confidence in the consumers. Also, consumers will be more likely to buy from them again, because if you have the alternative where you're just like, "I know you screwed; you missed out on this one; you already bought it," then, it's like, "Well, next time, I'm just really going to wait. I'm just going to wait until I know there's an incredible deal," or, "I'm just not going to buy at all because I don't want to feel like I want to be made a fool again." Eric: You run the risk if you're running sales all the time and they're not the exact same sale. Not everyone will feel this, but some people will subconsciously be feeling this. There's quick and easy ways to really just guarantee the experience about it. I don't want to tell people how to run their business and their policy. I'm not mad at them. I'm just kind of calling them out that I think they could do better. Then, to be fair, West Elm reached out to me on Twitter and they offered me store credit. Stephanie: That's nice. Eric: You don't want to have to really fight and argue for that. You just want them to make it right. Stephanie: I think that's a good point, though. Also, that big brands are looking to smaller companies and the individual consumer to kind of learn from. That's a really good point of making the consumer feel good after a purchase and not having buyer's remorse. I've definitely had that experience before of buying something and then seeing a discount afterwards, and then waiting the next time, and then there's no more inventory. Then, I just never go back again. Those little moments definitely matter. Eric: Well, then you think about, the whole West Elm experience for me is, I couldn't do a live chat or email them about it. I had to call them. Then, I called them and I was on hold for 25 minutes. Then, after 25 minutes, they pretty much told me I could ship the thing back and then buy a new one, but shipping would not be reimbursed. Financially, it wasn't going to make sense. It's like, "Okay, this is how you're going to do it." Then, as a small company, you think that these large companies have all the advantages because they can buy in bulk and get better prices. Well, a lot of people don't buy based on products. They buy because they want to be able to reach out to you and talk with real person, not be on hold for 25 minutes. Those are the things that I want you to think about as you build your business, how you can compete with Amazon and how you can compete with West Elm and Walmart and these giant companies out there. Stephanie: I love that. What's one thing that you wish online sellers would start and stop doing? I'm asking you this question because I see you're big in the e-commerce community, always talking and highlighting different e-commerce stores. You've probably seen a lot of best practices that sellers do, and some things are like, "You should just stop. That's not good." Eric: Going back, I don't want to tell anyone how to run their business. There's a lot of ways to build a business. It kind of comes down to who your audience is and what they're okay with. A couple of things that we've always avoided is we don't want to do pop-ups. There's no pop-ups. There's no tricks. There's no immediate discounts. One of the things that is a pet peeve of mine is, "Here's a pop-up. Do you want to save 10% on your next order?" Then, they click x or, "Close out of this if you don't want to save money," something kind of condescending like that; or, with the little spin wheel. I think a lot of these has become a little hokey. Eric: The people selling those software as a service thing always claim that they work. We've actually cut a significant amount of our third party plugins, just because it made our websites so bloated. Stephanie: I was reading about that, how quick were you able to get your website down? I think I saw four seconds. Eric: Oh, my god. We were doing a speed test on our old website. The homepage on the desktop, I think it would have been in the 40 range score. Then, I think the mobile side would have been in the 20 to 25 range, the score [crosstalk 00:34:34]. Then, we essentially rolled out a new website template, a new website theme, killed all the third-party plugins. The new speed is now around 77 for the desktop and around 40 or 45 for the mobile. Stephanie: That's great. Eric: I don't know what that is in actual load times, but in terms of data, according to Google, it's a significant increase. Some of our blog posts would take 10 seconds to load. We really just went and found the stuff. It wasn't just the theme, too. We had some images that we uploaded, which were two megabytes in size, something ridiculous like that. It's just kind of like eight years into having a business and a lot of people putting their hands into the business, it gets a little you lose sight of things. It's always good to circle back every once in a while. Stephanie: I think doing that audit is really important, because like you said, after many years, people are implementing their own things without thinking about the long-term strategy of it and how it might impact things. I think, web chat is one thing where a lot of websites have the digital chat, but that increases the website's load time by a ton. Maybe, people don't even fully utilize it. They would rather call or send an email. It's good to just do that audit, I'd say, at least yearly. Eric: We had one of those live chats. I think it presented some issues because, sometimes, a little pop-up would block information or block the "Add to Cart" button. Stephanie: Oh, man. They're like, "I'm just trying to buy and you're not letting me." Eric: Exactly. It's just like as templates get uploaded or themes get updated, things get reverted. We killed it. We no longer have that JavaScript burden of loading. Those chat bots are fundamentally the things that slow down your page load speed the most, I've seen. We haven't seen any drop in conversion rates or sales. Then, in addition to that, the alternative, what we did is we just moved to a phone number that people can text. I think what we're getting is people who are more serious about needing advice rather than just kind of casual looky-loos who see a little pop-up and they're like, "Oh, yeah, da-da-da-da-da." Stephanie: I that, looky-loos. Eric: That's what my mom calls them. Stephanie: That's good. What metrics are you paying attention to most? You've mentioned conversion rates. Now, we've talked about website speed. Are there a certain set of metrics that you pay the most attention to? Eric: Yeah. I'm like your typical A.D.D. entrepreneur. Being in the details on a daily basis is really hard for me. Everything I do is kind of on an ad hoc basis. When it comes to YouTube, the things that we really look at are our watch time and our click through rate. They're going to be the big indications if a video is going to be successful or not. Then, on our website, really, I'm the top level kind of guy, so I'm looking at revenue. I'm looking at orders. Then, on the ad hoc level, I look at how our blog is converting, then, how our traffic outside of our blog, two of our stores is converting. Then, our page speed has been something that's been a pretty big metric for me, lately. Then, there's so many other more metrics that I should be looking into that I'm fortunate that we have team members who are looking for [crosstalk 00:38:09]- Stephanie: Do that for you. Eric: ... email performance and how those are doing. Stephanie: Is there any themes around either video content that you put out or blog content that you've seen, certain types of videos? Maybe, funny ones convert better or more how-to blog content converts better. Any best practices around releasing content in a strategic way that will actually create a future buyer? Eric: Our strategy is to leverage YouTube's organic growth. To do that, you need to have the viewers want to watch more of your content and stay on YouTube. The strategy isn't really so much of, "Hey, buy this," or, "Be aware of this." It's more of get awareness of the brand. We try to integrate a lot of branding on our videos. We put our taglines on every video, to keep on growing and change the way society views beardsmen. All those call outs in the lower thirds. Then, we try to integrate product placements in our videos as well. It's just bringing awareness to it and not driving people off the YouTube. Eric: Subsequently, when you do that, you're less concerned with any kind of direct sales that you're getting from videos. One great plugin tool that we've used on our Shopify store is called Grapevine. Grapevine allows you to have a simple one-question survey that you put at the end of after they've purchased. We use that to say, "Hey, how did you first hear about us?" We have about 20 different options, from Shark Tank to our YouTube channel to various YouTube personalities. We found that 40% of our customers have first found out about us from YouTube. Eric: Being able to attribute that any particular video, we can kind of segment it a little bit. 18% of it is from our barbershop videos, which was a fair amount. Beyond that, you just kind of have to trust the process. Stephanie: Got it? Do you find influencers in the space? When you're talking about having these barbers do these videos, do you find someone who already has a following? Do you kind of create that following organically through under your brand? Maybe, it's someone that no one would have ever known about, but you just know that they're a great personality to do the video? Eric: A little of both, I would say. One of our most or one of our longest tenured relations, well, we've got a couple of long tenured relationships with influencers, Carlos Costa. We reached out to him back in 2013. He's been with us kind of since then as an influencer for the brand. Then, he's grown to make videos for us. Then, he reached out to Greg Berzinsky, who at that time, I think he had, maybe, 20,000 or 30,000 followers on Instagram. He's a big believer in the brand. Eric: We try to find people who really love your brand, who love the products, who love what we're doing. It's just easier for them to be excited about it. We also try to work with smaller influencers, those who are, maybe, still getting established, or who have a following because they're not influencers. Tobias van Schneider is another one. He's another business owner. He's got other businesses. He's not making money from promoting products. He's more likely to talk about our products and not ask for compensation, which is something that you need as a bootstrap company, to be able to make your dollars go far. Eric: It's been a little bit of that. Then, we have had employees at Beardbrand who are like, "Hey, man. Get on camera. Talk about this. You've got a great beard." They've done that. We've done a little both and have had success and challenges and both processes as well. Stephanie: That's very cool to experiment with all those different types of models. I like the idea of having the employees be the influencer. I know that a lot of companies in Asia are doing this. I haven't seen a lot of companies in the US fully utilizing that model of creating micro-influencers within the company, and then developing their own followings. That's just a nice organic way to do it. Having someone who is an actual expert on the product without being too salesy, because they're not a salesperson. Eric: We try it, too. If you look at our Instagram account, the Beardbrand account is replying to comments, you'll always see Sylvester. He's replying to him. He'll sign his name, or whoever's replying to a comment. On YouTube, they'll sign their name. We're totally in favor of get to know our people, get to know our copywriter, Mike, and get to know our growth marketer, James. Eric: Again, we talked about how you compete with Amazon. Amazon doesn't have a James. They don't have a Mike. They don't have a Lindsey. They don't have a Jordan. They don't have Chandler. But, we have those people. The more we can help them get to know the team. Then, the risk is if you just work with one person within your company, then, that person could hold you hostage or quit or leave or getting a DUI or do something like that. If you have 10 or 20 different people on the regular who you integrate into your content, then, in the natural course of business, as people move on and things change, then, you'll still be able to move forward. Stephanie: In a world where everything is becoming automated and you always know you're talking to bots, I think it's actually nice how certain business models are kind of flipping that. You're mentioning about developing a relationship with the person at the company where you are used to seeing the same name and you kind of are developing an Internet relationship with someone at the company that you trust and grow to love. I like how that model is kind of reversing a bit over the past year. Eric: Sylvester, who I mentioned, that's his full time job, is he runs a community. His responsibility is to build those relationships. He's heading up our private forums. He's putting on these events. He's interacting with people on Twitter and Instagram. As they chat on Twitter, and as they chat on YouTube, and they see the same name over and over again. They start to learn about him. Eric: In our emails, we'll have a photograph of him. We'll talk about him. We'll talk about the style. People will start to trust his input because, obviously, me as the founder, a lot of videos or a lot of views to those videos, a lot of people want to come and talk to me, but I can't interact with 40 people a day and still run the company and have sanity, really. Well, to scale up what I bring, and not only that, Sylvester's got way more incredible style than me. He's a lot more empathetic than me. He's able to really provide these people great advice in a way that I cannot. It brings a lot of joy to me to be able to offer that to our audience, and also, that Sylvester is able to do what he loves. Stephanie: That's really fun. To zoom out a bit, go a little bit higher level, what kind of digital commerce trends are you most excited about that are coming down the pike right now? Eric: Probably, the thing I don't follow too much is the trends. I feel like we just kind of fall into them. SMS is something that a lot of people are talking about, and something that we've actually been doing for a good half a year now. We do it in a way that, I think, most people aren't doing it. Most people see SMS as just another channel to market and throw sales and discounts. That drives consumers crazy. If I see someone marketing to me on SMS, I'm just like, "You're dead to me." How we're using it is as style consulting. You text us, send us a photo. Stephanie: That's good. Eric: SMS is perfect for that because you got your phone there, take a selfie, send it to us, we can tell you where you're trimming your beard, how your neckline is coming in, what your hairline looks like, and what kind of hairstyle will work for you. I think that's an excellent way to use SMS. It's funny. Once we started using SMS that way, the company we work with, Emotive, they actually changed their whole marketing position to be more about style consultants and beauty consultants, and things like that. Stephanie: That's funny. Eric: I want to take full credit for that, but I would like to say we had a little bit of influence in the way that they're selling us on this. I think that's better for the consumer as well to be able to connect with them on a one-to-one kind of consultant basis, rather. Stephanie: How do you make sure they stick with your brand? I can see them, maybe, not having the expertise, like you're talking about, how you're trimming your beard wrong, or what kind of product you need, because of whatever they see in the photo, how do you make sure that they stick with your brand guidelines and make sure they're speaking in the way that you want and they're recommending things correctly and not giving bad advice? Eric: This goes back to our core values, which are freedom, honor, and trust. Part of the hiring process is making sure that we hire people who align with these core values. Then, it's not blind faith with trust, but through experience and interactions. I know Sylvester. I know his style. I see him show up every day in the office and what he's wearing and how he's behaving and how he communicates. It's like, "Dude, man. Go at it. Be yourself." Our brand standard is communicate to our customers in a way that you communicate to your friends. Those no corporate speak, nothing. Eric: If you're a goofy guy, talk goofy. If you're a serious guy, talk serious. Be yourself. You are going to have different experiences. Interacting with Sylvester is going to be different than interacting with Matt. They're two different people. That's totally okay. Stephanie: That's great. Are there any other channels that you're utilizing or looking to utilize over the next couple of years? Eric: For us, our goal has been, again, going back to me being an A.D.D. entrepreneur, you try a little bit of everything. The past two years has been fixing all of my A.D.D. new channels that we've been in. We killed Amazon. We killed selling in the Europe. We've cut marketing channels. It's really how do we get better at the channels we're in? How do we get better at Facebook marketing? How do we get better at Instagram marketing? How do we get better YouTube content? Eric: Like I said, we have a newer, smaller YouTube channel that we're trying to grow and build that awareness. In terms of just completely introducing anything that we've never done before, like TV advertising or radio advertising or podcast advertising, we're going to be staying away from that until we feel like we've completely capitalized on the opportunities of the channels we're currently in. Stephanie: That makes sense. I think killing projects and platforms is a good first step to making sure that you can focus on what's actually working to, then, move into a new channel around the tryout. It sounds like a good strategy to me. Eric: I'll tell you, it sucks, though, when you kill something and then you don't get better at the thing you're supposed to get better at. Stephanie: Yeah, that's a big bummer. Eric: We've done that. Stephanie: That happened a few times? Eric: Yeah. When we pulled out of Europe, Europe was about 20% of our business. We did this March 31st of last year. It was about 20% of our business. The intent was with the new focus of not having to deal with multiple fulfillment centers and different time zones and multiple stores and things like that, that we could get really good at serving our customers. Subsequently, 2019 was a terrible year for us. We weren't able to capture the lost sales that I thought we'd be able to by having more focus. We've had to really analyze. It wasn't so much selling into Europe. That was the thing. I think it was more of the internal structure of our team and kind of red tape that got put in place after seven years of business and systems and processes that kind of built up on itself. We should have taken an axe to all of that, rather than, maybe, potentially taking an axe to the UK channel. Stephanie: Got it. Is there any big initiatives that you undertook that you were like, you talked about internal processes and structures, is there any one thing that led to kind of riding the business back to where you wanted to go after the whole shutting down Europe? Eric: Yeah. Transparently, we had the worst fourth quarter we've ever had. It was a bloodbath. We were just losing a significant amount of cash and just burning through cash. We just had to make hard decisions about the business. When you're hemorrhaging money, you're not profitable, we had to scale back to 15. A leaner team means, "Hey, we're no longer going to have people proofing your work anymore. You're going to have to be responsible for your own work-end. You're no longer going to have someone who's kind of being the quarterback of the marketing team. You have to kind of interact directly with your audience, or your coworkers." By scaling back the team, you were almost, by necessity, forced to cut a lot of that red tape and focus on getting stuff done. Stephanie: Super important. All right. At the end of the interview, we'd like to do a lightning round, which is where I ask you a question and you have under a minute to quickly answer whatever comes to mind. Are you ready, Eric? Eric: I am electrified. Stephanie: Woo-hoo. All right. What's up next on new product launches coming to Beardbrand, if any? Eric: Our big thing is killing scent confusion or ending scent confusion. We want to provide head to toe fragrance and matching products. We don't have anything in your midsection. That's a little hint of a product that will be coming. Stephanie: Fun. I'll have to stay tuned for that. What's up next content or video-wise that you're excited about producing or creating next? Eric: We want to systematize our barbershop and winding in five different barbers and record over the course of a week, which would be a new way for us to perform. I can't wait to do that, but, this whole quarantine has got to end first. Stephanie: That sounds really fun. What's up next on your reading list? Eric: I hate reading. Stephanie: Podcasts, audible, anything? Eric: I hate reading. I'll tell you I just finished the book called Rocket Fuel which talks about integrators and visionaries. It was the one book that I've read over the past year. I'm just going to piggyback off of that one. Stephanie: I don't like it. What's up next on your Netflix queue? Eric: Again, man, I just had a baby five weeks ago. Stephanie: Congrats. Me, too. Eric: Oh, no way. Stephanie: Yeah. I had twins eight weeks ago. Eric: Oh, poor you. Stephanie: Poor us. Eric: It's got to be crazy, right? We're in the quarantine. Stephanie: Yeah. No Netflix for us then, huh? I don't know. I watch Tiger Kings in my off time when they're sleeping. Eric: My answer is a lot of primitive survival type of videos on YouTube. That's my go-to content that I consume. Stephanie: That's great. All right. A little harder one, what's up next for e-commerce pros? Eric: I think there's going to be a move away from Amazon from both a consumer perspective and a seller perspective. I think Amazon is really kind of twisting the screw in a lot of people. There's going to be a little bit of blowback from that. Stephanie: Completely agree, especially with everything going on right now where Amazon's picking what products are essential. I think they just said that they are going to be optimizing for its margins. Instead of showing people, maybe, what they want to find, they're going to be showing people products that have higher margins. I can see that also happening. Eric: They're also neutering a lot of people in the affiliate space where they just literally cut their commissions in half. Stephanie: That's not good. Eric: [crosstalk 00:54:51]. Stephanie: Well, it sounds a good prediction, then. Eric: Yeah. Less people will be pointing links to Amazon, I think. Stephanie: All right. Any final words of advice or wisdom, Eric, that you want to share before we hop off? Eric: The big thing I always like to tell people is, in life you always have doubts and questions about what you need to do. The reality is you need to just go out there, execute, and do it. Action, a lot of times, is better than no action. Just go out there. You know what you need to do. Go and get it done. Stephanie: Yes, do it. All right. Thanks so much for coming on the show, Eric. It was a blast. See you soon. Eric: My pleasure.  

On this episode of Mission Daily, CEO and Co-Founder of Thumbtack Marco Zappacosta, a company that connects consumers to local services professionals, discusses how he turned a lack of product-market fit into Thumbtack, the importance of business leaders being both aggressive and prudent, and why he's championing his team to remain focused. --- You can subscribe to our weekly newsletter at mission.org and find us on the socials at @TheMissionHQ. 

"Know this place for the first time." - T.S. Eliot Chad is joined by Super Friend Liz Wiseman. They discuss why it's so important to accept yourself as you are and the impact COVID-19 could have on the future of work.  The break down: Good News - The good news today is simple: You are perfect the way you are. Hear it from Chad at 0:50. Super Friend - Liz Wiseman is the CEO of the Wiseman Group and a returning Mission Daily guest. She and Chad discuss what it's like to 'see yourself for the first time' and pose the hard question: How do you identify what to battle and what to surrender to in your life? Tune in at 1:00. Daily Mission - Let down the defenses and open up to yourself and to others. Details at 24:35. --- You can subscribe to our weekly newsletter at mission.org and find us on the socials at @TheMissionHQ. 

Don't let fear-based narratives consume you. On this Monday edition of Mission Daily, Chad is joined by producer and friend Lacey Peace. Chad is burning sage, drinking green tea, and wearing two sets of headphones. Lacey is calling in from a little steel town known by locals as "Yinzburgh." It's a weird one. Here's the breakdown: Good News - A possible COVID-19 vaccine undergoing animal trials is showing some promise (link). Hear about that and more at 1:24. Super Friend - Lacey is a hardened Mission employee and joins Chad on the mic for the first time in a long time. They discuss why being in fight or flight is so unhealthy for the mind and body. (Dive deeper into that topic as it relates to COVID-19 here.) Daily Mission - This one is a tough one: Don't consume anything fear-based today. More on social distancing yourself from fear at 8:00. --- You can subscribe to our daily newsletter at mission.org and find us on the socials at @TheMissionHQ. 

Hey lovely! Thank you so much for listening to this episode of Happy Wealth! This was recorded as a livestream on Facebook which was then converted into an audio file for your listening pleasure. I hope you enjoyed it!   I have a ton of amazing FREE content for you over here in my Manifestation Vault of goodies. If you’d like to join, just click the link and enter your details: https://www.houseofbrazen.com/the-vault You’ll also go on my email list where you’ll get a TON more free money, mindset, manifestation and business content every day.   MORE FREE GOODIES:   >> The Manifestation Vault: https://www.houseofbrazen.com/the-vault   >> 15 Digital Products You Can Sell Today: https://bit.ly/2QY9zQD     WHERE YOU CAN FIND ME:   Instagram: http://instagram.com/elisemcdowell Facebook: http://facebook.com/elisemcdowell School: https://houseofbrazen.teachable.com/   POPULAR PROGRAMS:   Monthly Business Roadmap: https://houseofbrazen.teachable.com/p/monthly-business-roadmap Money Babes Membership: https://houseofbrazen.teachable.com/p/money-babes $100k Sales Strategies: https://houseofbrazen.teachable.com/p/sweet-sales-strategy

New month, new Mission Daily format. It's true, we haven't been able to settle on a format for this show since it launched over 400 episodes ago... But today, we are (finally!) returning to our founding ethos and using this show as a daily transport of the news and topics that really matter, all hosted by Mission CEO Chad Grills. Each day you’ll get: Good News: Coverage of the people, teams, and topics that are pushing humanity towards the next stage of human evolution. Super Friends: From authors, to business leaders, to health gurus, to random folks doing awesome things, meet the people who are our Super Friends. A Daily Mission: One actionable thing you can do today to improve yourself (and the world). Are you ready for an unfiltered deep dive into the topics that are helping push the envelope for humanity? Good, because we sure the hell aren't. Join us on this wild journey today by hitting (or smashing) that subscribe button. --- You can subscribe to our daily newsletter at mission.org and find us on the socials at @TheMissionHQ. 

Today’s guest is Jon Shreve, the President and CEO of MCG Health, an independent voice that provides healthcare solutions and informed care strategies.  On this episode, Jon explains MCG’s role as an information provider, shares his journey into healthcare, and defines what sets MCG apart. He also touches on his philosophy as a leader, MCG’s company culture, and, most important of all, his passion for competitive Scrabble. Tune in and enjoy! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

Our guest today is Greg Peters, CEO of Zilliant, an AI-based SaaS application that uses machine learning and predictive analytics techniques to maximize B2B sales. At its core, the company is a solution-focused one, combining data, and data science to come up with answers that salespeople can easily digest. In this episode, Greg and Chad discuss: Greg's background as a sportsperson and his times in other CEO roles. Zilliant's take on culture-building and hiring. How Greg thinks about conflict resolution, leadership, and building great business relationships. Optimistic predictions about the COVID-19 crisis. And much more! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

As the world collectively shifts toward remote work, it becomes a struggle to maintain our usual levels of productivity and efficiency. Evernote, the personal productivity tool designed to act as an extension of our brain, has never been as useful as it is today. As CEO, Ian Small is dedicated to doing the things that you would expect from a tool like Evernote, but doing them right. Ian and Chad discuss: Ian's early career, including the work he did at Apple and at Quicktime. What it was like entering his first CEO role at TokBox in 2009. Why productivity matters so much, and tips for staying focused in these shifting times. Plus much more! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

All of us are shaped by our personal stories and experiences, and at times, the unfortunate events that occur throughout our lives are the ones that can motivate us beyond our own belief.  Openness, optimism, and dedication are few of many words to describe Sameer Dholakia, the CEO at Twilio SendGrid. Founded in 2009 and acquired by Twilio in 2018, SendGrid is an industry-leading, cloud-based email and communications platform. Today, Sameer and Chad sit down to discuss: Sameer's advice for those facing hard times, and how he leveraged the struggles in his own life to become the father, husband, and CEO he is today. The culture at SendGrid, and his values as a leader. The state of the world and the necessity for optimism. Plus much more! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

As the state of the world becomes increasingly more uncertain, the collective effort to maintain level-headedness, positivity, consistency, and control in our personal and professional lives has never felt so potent. Even in these radical times, there are ways for us to adapt to our unique situations and use the tools we have to optimize for a better future. Today, we sit down with Robert Glazer, Founder and CEO of Acceleration Partners. Robert is a founder, author, speaker, and expert in elevating performance in both business and life. Chad and Robert discuss: The good and bad of Robert's journey into entrepreneurship  The myth of work-life balance and the tools they use to increase productivity Robert's approach to COVID-19 and what the future looks like for Team Human And much more! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

Today's guest is Christy Wyatt, President and CEO of Absolute Software. Absolute specializes in endpoint security and data risk management solutions, and Christy's teams are operating at the cutting edge of the cybersecurity field. Chad and Christy discuss partnerships, mindset, and how the Absolute team works together. They also delve into the more personal side of leadership, where Christy talks about how she balances work and life, how she deals with her inner-critic, and the sacrifices she had to get comfortable making. — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

Making healthcare more accessible and personalized has perhaps never seemed like a more valued endeavor. Today, we sit down with a man putting his knowledge and skills to work to make that vision a reality – Brad Bostic, Founder and CEO of hc1. hc1, short for “Health Cloud One,” is a tech company focused on personalized medicine and predictive diagnostics. Brad founded hc1 in an effort to turn lab data into personalized healthcare insights that health systems could then use to provide better care for their patients. In today’s episode, we discuss Brad’s origin story and what kickstarted his entrepreneurial journey. Brad also shares what his team is doing to help slow the spread of the Covid-19 virus, and how he predicts this pandemic will reshape our perception of personalized healthcare across the globe. — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

Today, Chad sits down with Dan Helfrich, Chairman and CEO of Deloitte Consulting. With 56,000 employees, Deloitte Consulting has grown from a small but vibrant agency to one that generates billions in revenue each year and has a global influence. In this episode, Dan and Chad discuss: What mindset has laid the foundation for Dan's success Deloitte's values and culture How Dan views his role as a leader Some of the best advice Dan’s received over his 21-year career that’s helped him rise up the ranks. Plus much more! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

Retail wholesaling has been notoriously slow in adopting new technologies. Despite many advancements in other areas of retail, particularly with B2C services, wholesale has continued to rely on Excel spreadsheets and carbon copy notepads. One platform, JOOR, is looking to transform the wholesale retail space, and its CEO, Kristin Savilia, is our guest today!  In this episode, Chad and Kristin discuss: JOOR and its mission How their platform is working to get the wholesale experience off of lined paper and onto iPads and clouds Kristin's background and how her previous experiences have given her an in-depth knowledge of wholesaling’s pain points The importance of being omnipresent as retailers and why she does not agree with the ‘retail is dead’ idea Her advice for living a focused, fulfilled life And much more! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

Today’s guest is a super friend of the Mission and all-around great human, John Underkoffler.  John is the CEO of Oblong Industries turned CTO of Glow through a recent acquisition. Maybe you’ve seen the new UI/AR tech in Minority Report or Iron Man? That vision for the future of technology is thanks, in part, to John.  In this episode, we talk philosophy, collaboration, technology, human teams, and ideas about what comes after capitalism goes “epi” and evolves. A great conversation and a great guest - you won't want to miss this one! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

Today's guest is Bill Goldstein, Director of The Lawrence Livermore National Laboratory. LLNL is hard at work protecting Americans and solving some of our largest existential threats; from protecting the nuclear stockpile to fighting global pandemics. Bill has been at the helm of that massive ship for over six years and has overseen some of the world's most incredible projects. It’s an interesting time for Bill, LLNL, and the world at large. We are so excited to have Bill join us today and share his insights into the research that is helping solve some of the world's most concerning problems. In today’s episode, Chad and Bill discuss: The work that the LLNL is doing in nuclear development and how deterrents help prevent attacks rather than instigate them The fascinating work that the LLNL is doing to help slow climate change, and how there is the potential to get California to zero carbon emissions by 2045 How Bill is thinking about coronavirus and the long-term outcomes of this pandemic The day-to-day operations of LLNL and the knowledge and culture transition that it’s undergoing And much more! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

Today, we are joined by Maeve O’Meara, the CEO of Castlight Health. From finding the right insurance plan, to understanding what that plan covers, to finding a doctor you trust, making healthcare decisions is difficult, and that's where Castlight comes in. Castlight uses machine learning to provide consumers with deeply personalized guidance so they make better health decisions which ultimately result in lower costs, improved outcomes, and a better experience. In this episode, Chad and Maeve discuss: How Maeve's structured Castlight as a B-to-B-to-C model Castlight's selective and focused marketing strategies Maeve's advice for recruiting top talent to align with your company goals and vision. And much more! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

On this special episode of Mission Daily, we are joined by two amazing women doing amazing things in the world of social impact investing. Joining Chad on-site at Salesforce Tower are Claudine Emeott from the Salesforce Impact Fund and Madeline Duva the CEO of Fluxx. Chad, Claudine, and Madeline discuss: The current landscape of impact investing Some of their personal stories, perspectives, and hopes for the space Diversity in the startup world and how it is increasing but is still in need of attention Advice and lessons learned along the way Plus, more! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

On the show today is Stuart Lombard, co-founder and CEO of ecobee. Ecobee is a Canadian home automation company that makes thermostats for residential and commercial use. They are on a mission to create a more sustainable world by simplifying everyday life.  In this episode, we learn about: Stuart’s background and journey into entrepreneurship How making canoes with his father as a boy inspired his entrepreneurial spirit What it was like to build one of the first internet service providers in Canada (from his dad’s basement!) The future of ecobee and connected homes Plus way more! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

Joining us today is Gay Gaddis, Founder of T3.  Gay started T3 using $16,000 taken out of her IRA during a downturn in the economy. It was a big risk, but thirty years later, it's one that has paid off several-fold. Today, T3 is helping clients build useful brands that reach consumers around the world. Chad and Gay talk about: The importance of being an early adopter of tech and how this gave T3 an edge working with Dell The future of marketing, original content, and product placement. Personal brands and new forms of media The business climate in Texas Some of the business moves Gay had to make to keep T3 lean in recessions How she avoids vision-diluting partnerships And more! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

Today’s guest is Karsten Temme, CEO and Founder of Pivot Bio.  Pivot Bio is at the cutting edge of the AgTech world and is working hard to fight things like pollution and climate change. Chad and Karsten discuss: Pivot Bio's goal of replacing the current form of fertilizer with a synthetic microbe they’ve created in their labs. Pivot Bio’s first product, PROVEN. Tips for building company culture and establishing company values. KPI’s for Karsten and his team and how they are measured. The importance of contacting and connecting with your customers. And more! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

The student loan crisis in America is a generation-defining problem, and joining us today is a man looking for a solution. Robb Granado is the President of CommonBond, a company helping redefine what it means to get, and pay for, a college education. In this episode, Chad and Robb talk about: The work that CommonBond does to fight the student loan crisis. What motivated Robb to join the Air Force. Robb's career before CommonBond and how/why he founded Raiseworks. How CommonBond is working with employers to create solutions to help wipe out their employees’ student loans. Plus, more! — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

Chad sits down with Nick Elprin, the CEO of Domino Data Labs. You may think data science is all the rage, but it wasn't when Nick got started. In this episode, Chad and Nick discuss: Nick's career, some of his early times at Harvard and Bridgewater, and the lessons he learned through it all. How Nick got started doing what he's doing today. What it's like to build a company in a space that is emerging. Some persuasion techniques and tips for how to be persistent even when the going gets tough. How Nick landed Domino's first customers and why they held off on raising capital for some time. The mix of work that Domino is currently doing and what Nick's vision is for their future. — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.

In today's episode, we sit down with Mathilde Collin, the CEO of Front.   If you'd like to imagine a bright future for email - better correspondence, being more effective - Front is working on it.   Today, Mathilde and Chad talk about: How to become more happy at work Getting the balance right between your personal identity and your business identity What email would be like if it was designed today and how they would reimagine it Where Mathilde's competitive motivations come from and how she channels them into her mission at Front as well as her life outside Mathilde's experiences at Y Combinator and working with investors and partners Plus, Mathilde shares how she builds a fun, 'Lego-centric' culture — This episode of Mission Daily is brought to you by our friends at TriNet. TriNet makes HR easier, from payroll to benefits to compliance. AND they offer full-service solutions tailored to your industry and your company, whether your team is 10 people or 1,000. Check out TriNet today at trinet.com. — For full show notes and more, go to mission.org/missiondaily.