Welcome to the e-commerce podcast with me, your host, Matt Edmundson,
Speaker:the e-commerce podcast is all about helping you deliver commerce.
Speaker:And I am super excited with today's guest, who is David Perry from Kara.
Speaker:Now, one of the things that I am wanting to start doing here on the podcast is
Speaker:give a shout out to past guests and.
Speaker:And given that we are today talking about how to level up your
Speaker:search for ideal influences today.
Speaker:I thought it would be great to mention a past podcast.
Speaker:So here we go.
Speaker:Cody, Wittick why giving away stuff always leads to more
Speaker:sales and influencer marketing.
Speaker:Check out that episode alongside David , uh, why you should be
Speaker:using micro influencer marketing and how to do it properly.
Speaker:Two great episodes.
Speaker:The time of this topic and a big shout out to both David, uh, and also to Cody.
Speaker:Yes, absolutely.
Speaker:Now this episode is brought to you by the e-commerce cohort, which helps you
Speaker:deliver e-commerce well to your customers.
Speaker:What is cohort?
Speaker:I hear you say, well, I'm sure you've come across a bunch of folks stuck
Speaker:with their e-commerce businesses, or they've got siloed into working
Speaker:on just one or two areas of their business and miss the whole big picture.
Speaker:Well, and to the e-commerce cohort to solve this particular problem.
Speaker:It's the lightweight membership group with guided monthly sprints, that
Speaker:cycle through all the key areas of.
Speaker:The sole purpose of cohort is to provide you with clear,
Speaker:actionable jobs to be done.
Speaker:So you'll know what to work on and with the support to get those things done.
Speaker:So whether you're just starting out in e-commerce or if you're like me
Speaker:a well established e-commerce, uh, then I can encourage you definitely
Speaker:to check it out at e-commerce co.
Speaker:Calm as it's gearing up for its founding member launch.
Speaker:So there's some incredible offers that you can take advantage of.
Speaker:And you can also email me directly at Matt at e-commerce podcast.net
Speaker:with any questions, because let me tell you, we are super pro.
Speaker:Of the e-commerce cohort.
Speaker:Yes, we are.
Speaker:So let's jump into today's special guest David Perry, who is the CEO of Cara, which
Speaker:is a new e-commerce partnership framework.
Speaker:And it is remarkable.
Speaker:Let me tell you with over 30,000 Shopify brands using the.
Speaker:Kara helps brands get attention sales and new customers by partnering with
Speaker:the brands in the network, Sony police station acquired Paris previous company.
Speaker:Can you believe that?
Speaker:And he's, he knows what he's doing, right.
Speaker:To establish the leadership, uh, in the future of streaming video games from the
Speaker:cloud, a service now called PlayStation.
Speaker:Now called PlayStation.
Speaker:Now it's called PlayStation at anyway.
Speaker:David is no stranger to success.
Speaker:That's the bottom line.
Speaker:That's what we're trying to tell you here.
Speaker:He has been one of the driving forces behind some of the most innovative
Speaker:game and technology to date.
Speaker:We do get into this a little bit.
Speaker:Actually his work, uh, has helped shape.
Speaker:The future of gaming as we know it.
Speaker:So you can't wait to see how he's applied his learning to e-commerce
Speaker:and kero and all the clever things.
Speaker:It does stay tuned.
Speaker:Here is my conversation with David.
Speaker:So David, thank you so much for joining me on the e-commerce podcast.
Speaker:Great to have you in the white, at least in the virtual room, uh,
Speaker:I'm still flabbergasted by the technology that allows me to see you
Speaker:from the other side of the world.
Speaker:Um, and talk, uh, very Chris and you were mentioning before we
Speaker:started recording that you've got AI voice processing on your audio.
Speaker:Yeah.
Speaker:I mean, it's, it's really stunning.
Speaker:My, my, my mother lives in England.
Speaker:And so back in the old days, I would call her up and it would
Speaker:cost me around $14 here in the U S just to call her up and say hello.
Speaker:And, uh, and here we are now with AI.
Speaker:You know, voice, uh, cleaning.
Speaker:So you can't hear me typing or the dogs barking at me.
Speaker:And, uh, you know, you've got this free data stream.
Speaker:It's ridiculous.
Speaker:I mean, it's, it is pretty amazing to think about what it's
Speaker:going to be like in the future.
Speaker:Right?
Speaker:What are they going to do next?
Speaker:Yeah,
Speaker:exactly.
Speaker:I'm hoping for teleportation.
Speaker:That would be my dream.
Speaker:Yeah.
Speaker:I think, uh, I think, uh, um, Matt is working on it, right?
Speaker:They want to.
Speaker:Well, I'm going to be sitting here in VR helmets.
Speaker:Um, and that will be it.
Speaker:We will never move again.
Speaker:You know, what's really funny is that actually happened to me.
Speaker:I was in bed one night, um, and I put on a VR headset and I was at a rave and there's
Speaker:all this confetti falling and lasers and people dancing all around to me.
Speaker:And then I took the VR headset off and I was back in the bedroom and
Speaker:I'm like, I'm going back to the re.
Speaker:That's what VR is going to do.
Speaker:It's better there than it is adherence.
Speaker:So,
Speaker:yeah.
Speaker:And there's a, there's all those movies that have come out about this.
Speaker:Haven't they?
Speaker:I mean, just creating these sort of virtual world environments,
Speaker:uh, where it's it's much better.
Speaker:I've seen the one that I've enjoyed recent.
Speaker:Not recently.
Speaker:It's a few years old now is the ready player.
Speaker:One movie.
Speaker:I don't know if you saw that based on the book.
Speaker:And I liked it because of all the.
Speaker:You know, references, basically it was basically an eighties
Speaker:film, uh, sort of bought forward, but yeah, you can see it coming.
Speaker:You can see it coming now.
Speaker:I mean, my kids are glued to their phones as it is given the virtual reality headset
Speaker:that said they're never coming out, right?
Speaker:Yeah, no, I was, I was literally always one time there was a person.
Speaker:Um, explaining about some, um, some sort of temple space in, in Syria,
Speaker:some kind of, uh, very religious space.
Speaker:And this person kept walking around to me and was actually annoying me.
Speaker:Cause again, I was sitting in bed going stop walking around
Speaker:the I can't, uh, you know, I just wanna, I just want to see this.
Speaker:And then he said, oh, but we're going to go into this room.
Speaker:You know, in VR that people can't go into.
Speaker:So wait, if I fly there, I can't see this, but I can from my bed, like, what is that?
Speaker:That, you know, that, that idea of access is also very interesting, right?
Speaker:Yeah.
Speaker:That's incredible.
Speaker:Isn't it?
Speaker:That's sinker.
Speaker:So basically it is your life just doing VR from, from bed raves.
Speaker:Yeah, that's all I do.
Speaker:I do.
Speaker:I just DVR and connect to the matrix.
Speaker:That's what I do,
Speaker:Nick to the matrix.
Speaker:That's brilliant.
Speaker:That's absolutely brilliant.
Speaker:Uh, um, well, I mean, I could wax lyrical about this or no, it'd be
Speaker:quite an interesting conversation, but let's sort of turn our attention
Speaker:to, um, the main topic while we hit.
Speaker:We're going to talk about influencer marketing.
Speaker:We're going to talk about your company and what it does.
Speaker:Uh, we're going to talk about.
Speaker:Um, the different ideas and thoughts that you have around this whole thing.
Speaker:Um, but one of the things that I remember from our pre-call when we were
Speaker:discussing this was your journey is not, it's not a traditional journey.
Speaker:Is it from sort of where you were to where you are?
Speaker:No.
Speaker:No, definitely not.
Speaker:Um, yeah.
Speaker:I grew up in Northern Ireland.
Speaker:Um, I, I got very interested in video games, but video games,
Speaker:wasn't really a thing there.
Speaker:And so for me to actually really get moving, I had to move to England.
Speaker:And so I ended up leaving high school just to go straight to England,
Speaker:um, and start making video games.
Speaker:And that worked out great.
Speaker:I mean, it was such a risk because what the heck was the video
Speaker:game industry at that point?
Speaker:The games were that the Sinclair's Zedick city one was that with the video
Speaker:games, we're talking about.
Speaker:Yeah, no, I was making games for the Zedick city one, one K of memory, right?
Speaker:I mean, again, it's, it's kind of ridiculous when you think about it.
Speaker:The whole game was one day today and an icon on the screen is three 4k.
Speaker:Um, so it's just an icon.
Speaker:We somehow put an entire video game.
Speaker:We could put multiple video games, um, for that.
Speaker:So that was that's just how insane it's been.
Speaker:The England was definitely a great choice because in, in, in the world
Speaker:of video games, a lot of people were playing with consoles, um,
Speaker:where they just had joysticks.
Speaker:They didn't have keyboards in England.
Speaker:The devices we had were very much focused on, on all having keyboards, pretty
Speaker:much Amstrad Sinclair's um, of course Commodore 64 Vic, 20 things like that.
Speaker:They were all keyboard based.
Speaker:So we're all learning how to pro.
Speaker:And, uh, they call them bedroom coders because there was so
Speaker:many of them at the time.
Speaker:And so I was one of those bedroom coders, but I ended up, um, realizing, Hmm,
Speaker:this is going really well in England.
Speaker:Um, but I got an offer to do a contract in California.
Speaker:And when you live in England, the, you know, as a kid, the idea of
Speaker:California was pretty romantic.
Speaker:Right.
Speaker:And so I'm on my way.
Speaker:And, uh, and, and so once I got there and I, I sort of, I fell
Speaker:in love with the place then I knew I didn't end up going back.
Speaker:Um, and so ultimately that's how I ended up in the U S but the
Speaker:video game industry just exploded.
Speaker:And so I was riding that wave.
Speaker:And what I learned from the industry is branding was very important.
Speaker:And that's sort of, a bit of a theme in my career is, is, you know, I
Speaker:always want to do the things I want to do, but at the end of the day,
Speaker:you have to some, sometimes just go, you know, what is really going on?
Speaker:And what I found is when you watch kids purchasing games, their hands tend to go
Speaker:towards the things they've heard about.
Speaker:It's just, it's just psychology, right?
Speaker:Yeah.
Speaker:Their hands like this and then boom, they go to some brand that you've heard of.
Speaker:And, um, and so I realized that by doing branded games,
Speaker:it would help my career a lot.
Speaker:And, and so that's where I focused.
Speaker:I ended up the first one I did was a teenage mutant ninja turtles went
Speaker:straight to number one and it's like a hit, hit driven industry.
Speaker:So when you get it, people want to work with you.
Speaker:And so, you know, I did the Terminator for teams, Cameron, the, um, I did.
Speaker:Aladdin for Disney, um, the matrix for the and Warner brothers.
Speaker:And so, you know, each time you do a sort of a hit brand thing,
Speaker:your career, the skills mentally, are you doing lots of speeches?
Speaker:Lots of presentations.
Speaker:I even had a funny one when we were almost done with the matrix, I got a
Speaker:call and this guy's like, oh, Michael Jackson would like you to drive up to
Speaker:Neverland and let them play the thing before it launches is that possible?
Speaker:And I'm like, I'm on my way.
Speaker:So I go up there and, you know, I get to spend time with them.
Speaker:We ended up agreeing to start to work on a video game together.
Speaker:So it was, it was crazy.
Speaker:Um, how the game industry, um, when I first joined.
Speaker:And when I first moved to America, most of the people who run companies are old and
Speaker:they don't like the video game industry.
Speaker:They didn't know interests.
Speaker:They never grew up with it, but all those people have moved on.
Speaker:And now everyone in every position, uh, every sports, uh, celebrity,
Speaker:you know, every movie star, all of these people have grown up through
Speaker:the ages of, of, you know, having arcade machines and things like that.
Speaker:And so the game industry is welcome everywhere now that it wasn't before.
Speaker:And so I got to enjoy all of that.
Speaker:My last.
Speaker:My last company was bought by Sony PlayStation.
Speaker:Um, the one before that was bought by Atari.
Speaker:And so I got an Atari business card for a while, which is the best business card
Speaker:ever, wherever you go, wherever you go.
Speaker:I remember once the funny thing is, um, when you, uh, in the U S if you want
Speaker:to be able to travel very easily, they have a special sort of card for that.
Speaker:And we have to go on and get interviewed by the immigration.
Speaker:And I, they, they, they want to do an interview and that you
Speaker:have to get prepared for this.
Speaker:And so I went to see them and they saw my Atari business card and they just
Speaker:immediately started gushing about Atari.
Speaker:And then, then it was over the, the meeting was over and I'm like,
Speaker:yeah, time and time again.
Speaker:It was just such a valuable piece of intellectual property.
Speaker:Ultimately the game industry, um, you know, did sort of helps me out a lot,
Speaker:but I ended up sort of semi retiring and building this huge man-cave
Speaker:with woodworking and metalworking and 3d printing and photo studio
Speaker:and arcade machines, everything.
Speaker:Um, and that's where I was going to be spending my days.
Speaker:And I was so looking forward to that, but, but somehow I got very interested,
Speaker:um, when I was taking pictures.
Speaker:Nobody really cared about them unless I took pictures of social media influencers.
Speaker:And then, then you get lots and lots of feedback.
Speaker:Everyone wants to meet.
Speaker:And so I realized the power of these people is just so profoundly different,
Speaker:which is exactly like the brand thing I'd learned about before, you know, this
Speaker:just, I could make a game called jumpy boy, and nobody cares, you know, but if
Speaker:I, if I make something like the matrix, then boom, you've got a number one hit.
Speaker:And so this is the end
Speaker:game.
Speaker:Just the name on the box changes
Speaker:time, right?
Speaker:It's everything.
Speaker:So it's the same thing with the influencers.
Speaker:The influencers are much more powerful than I think people
Speaker:really understand because a lot of the celebrities today, like they
Speaker:might've made a movie or something.
Speaker:That's great.
Speaker:And they're really famous.
Speaker:But, but these influencers with, you know, 20 million followers, we
Speaker:have some 26 million followers are talking to their audience every day.
Speaker:That's just such a profoundly different situation.
Speaker:When you have that level that they know, they know them like they're friends,
Speaker:meaning they know their dogs and what they eat and you know, every what,
Speaker:where they are for vacation right now.
Speaker:You know what I mean?
Speaker:They know they're on the beach right now.
Speaker:Cause they did saw the posts.
Speaker:And so it's kind of fascinating too.
Speaker:To, to, uh, sort of see that space and I just couldn't resist it.
Speaker:And so I ended up, um, I met an entrepreneur, um, uh, his name's
Speaker:Jason Goldberg and the two of us decided to, to have a go at this.
Speaker:And the idea was to create authentic influencer marketing.
Speaker:That was our first thought.
Speaker:Um, and what does that mean?
Speaker:Well, that means that instead of.
Speaker:Trying to, to sort of trouble influencers, like go on.
Speaker:I imagine you'd go online and just start troubling influencers.
Speaker:Um, last
Speaker:time, nice people do it, right?
Speaker:Yeah.
Speaker:It's not interesting to them.
Speaker:You must have influenced, will you please repost my post or can I send you a it's
Speaker:worse than it's worse?
Speaker:They usually think of them like a billboard.
Speaker:So here's what I want you to say.
Speaker:Here's what I don't trust you to, to come up with what, what you're going to say.
Speaker:So I'm going to tell you what to say.
Speaker:I'm going to tell you when to say it.
Speaker:You can't use any of my competitors products anymore.
Speaker:You're going to post it at this time.
Speaker:Yada, yada yada, and, and, and it's at the end of the day, that
Speaker:becomes kind of they're, they're misunderstanding what these are.
Speaker:These are content creators that are incredibly successful
Speaker:because they're so good at it.
Speaker:And they're actually better than the.
Speaker:The brand doesn't have the same following that they have.
Speaker:Um, and so to some extent, that's, that's the thing is that if you can,
Speaker:so what we did is we thought maybe there's a way we can help work out
Speaker:which influencers like which brands.
Speaker:And we found a way to do that.
Speaker:And so ultimately the result was when you reached out to an influencer that
Speaker:likes your brand, it's very different.
Speaker:The response it's because the makeup, your makeup is on their face.
Speaker:Like they are.
Speaker:They love your makeup.
Speaker:They buy it all the time and now you're reaching out to them like,
Speaker:oh my God, I love your brand.
Speaker:I've been buying your products for ages.
Speaker:That's an authentic relationship.
Speaker:And so we built a platform called C a R R O um, on Shopify for,
Speaker:for all the brands on Shopify.
Speaker:There's about 2 million brands on there.
Speaker:And, um, and the idea was just to make that absolutely effortless.
Speaker:And Facebook ended up writing in, sorry.
Speaker:Metha ended up writing an article on it.
Speaker:Um, uh, they, they said it was a success story because.
Speaker:It was authentic.
Speaker:And I think that's the key word that you really want to think about.
Speaker:That was a little
Speaker:that jumped out to me when you were asleep.
Speaker:I mean, I, when you said, um, in influencer marketing, everyone's
Speaker:used the phrase influence marketing, but then you've thrown this word
Speaker:authentic, which is quite a.
Speaker:I want to say trendy word.
Speaker:Um, maybe slightly overused word a few years ago.
Speaker:Um, you know, one's gotta be authentic.
Speaker:Yeah.
Speaker:Um, yeah.
Speaker:As an excuse for being lazy in some respects, but what I
Speaker:mean, it was this kind of fad.
Speaker:Wasn't it?
Speaker:So when you talk about authentic influencer marketing, is that
Speaker:what you're talking about?
Speaker:You're talking about actually reaching out to influencers that really care
Speaker:about your brand that are genuinely authentically interested in, in
Speaker:what you're doing as a company.
Speaker:Yeah.
Speaker:That's, that's the core piece of it.
Speaker:The response is night and day different.
Speaker:Um, one of the, one of the things that happens today is when an
Speaker:influencer writes about something that they've been treated like a billion.
Speaker:And they're not happy about it.
Speaker:They end up deleting the post.
Speaker:The minute they illegally can.
Speaker:Literally, when the contract says, this must stay up X months or whatever,
Speaker:then it's deleted immediately.
Speaker:Um, and that's because they don't want it in their feed.
Speaker:And sometimes you'll see them take a picture where they put their
Speaker:face by something and just take the picture, which I think is funny.
Speaker:Like it's so they're so not interested.
Speaker:It's like, just take the damn picture.
Speaker:And they just have to do it.
Speaker:They don't want to do it, but they're just doing it because they have to that's,
Speaker:that's what we're trying to get away from.
Speaker:But the reason it's important is if I just went to a marketing
Speaker:conference on the weekend called geek-out and, um, and it's, it's a
Speaker:room full of marketing experts that.
Speaker:That gives speeches.
Speaker:And I was like a fly on the wall, just like it's like
Speaker:drinking through a fire hose.
Speaker:Right?
Speaker:Cause these, when you get into the right rooms, these people actually
Speaker:share what's really going on.
Speaker:This is not some big mega conference where everyone's like trying
Speaker:to protect what they're up to.
Speaker:These are the guys literally telling each other, here's what I'm doing.
Speaker:And here's how I'm doing it.
Speaker:This is what's working.
Speaker:This is not working.
Speaker:And each of them have a slide, which is the iOS.
Speaker:14 slide and how that broke everything.
Speaker:And so when I was 14, came out an apple started, uh, you know, stopped tracking.
Speaker:Um, the idea was.
Speaker:You know, it's great for privacy, but it, it really hurts,
Speaker:um, you know, um, tracking.
Speaker:So, so they realize that influencer marketing is going
Speaker:to become just a critical piece.
Speaker:And so what's happening is influencer marketing is about to change because
Speaker:it's becoming social commerce and social commerce means that you're
Speaker:actually transacting in the feed.
Speaker:And so that you're seeing that today.
Speaker:But what you don't realize generally is you're just seeing the beginning of it.
Speaker:Like these are just the first people to get to do it.
Speaker:And they're actually in a way restricting access.
Speaker:They're rolling it out.
Speaker:But in the future, you can just assume that the purchasing you do will be
Speaker:in the feed and, and, and the idea is to make it effortless, right?
Speaker:Yeah.
Speaker:So if you've already got sharp pay, which most people have at this point,
Speaker:um, you know, once you've paid, then, then completing a transaction is
Speaker:like click, click, and you're done.
Speaker:Um, and so, um, this is a, an old concept, but, uh, years ago, it's funny.
Speaker:Bill gates wrote a book, I think.
Speaker:Business at the speed of thought or something like that.
Speaker:But the idea was that that you're, you're able to, to, you know,
Speaker:transact, um, you know, on an impulse basis within your social media
Speaker:is, is really great for brands.
Speaker:And so that's, that's the future of how they work with influencers.
Speaker:It'll be interesting.
Speaker:I mean, we've seen it, I guess, in the last year or two of them way
Speaker:with shopping on Instagram, you know, you can, you can start to do some
Speaker:of these features now and Pinterest getting a bit more interested in it.
Speaker:And it seems to me, if I was going to be a social platform like Facebook, Instagram,
Speaker:Pinterest, and I was the owner of that.
Speaker:I would, I would be like, I'd be looking at Amazon going,
Speaker:well, one in two transactions are going through that platform.
Speaker:Yeah.
Speaker:I'm going to S I'm going to screw that up.
Speaker:I'm going to go and get a whole bunch of those transactions because we can
Speaker:now do this on the social platform.
Speaker:And you do, you just, it becomes another marketplace.
Speaker:It becomes another channel for any anybody selling.
Speaker:Doesn't it.
Speaker:Um, Yeah, it does change then how you do marketing on that platform
Speaker:or how you think about your brand and product on that platform?
Speaker:Oh yeah,
Speaker:it's a totally different world.
Speaker:And, uh, and so the marketing teams are going to need to
Speaker:evolve to embrace this properly.
Speaker:Um, so what happened to us was we realized this is great.
Speaker:We've worked out how to get attention for brands.
Speaker:Um, but sales are even more important.
Speaker:So what can we do to get sales and sales?
Speaker:Um, we came up with this idea of imagine you're a marketing conference and every
Speaker:single presentation talks about trying to get cost of advertising down the, they
Speaker:call it a row as the return on ad spend.
Speaker:So can you get that down?
Speaker:What can you do?
Speaker:What am I most of my techniques and all the rest of it, but what we did
Speaker:as a company, as we said, look, if you get brands working together,
Speaker:we have 30,000 brands installed on our platform right now together.
Speaker:They have 350 million visitors.
Speaker:That's quite a lot of people, you know, and when we get to 60,000 brands,
Speaker:what, that'd be 700,000 people a month or 700 million people a month.
Speaker:That's a lot of people.
Speaker:So what, what if, um, if you, if you make a product like a helmet, can you
Speaker:put your helmet into a bike store?
Speaker:Who, who has their own traffic and get their traffic for free?
Speaker:And so that's, that's, that's where our heads went.
Speaker:Wouldn't it be cool if he just partnered with people and then you get their
Speaker:traffic for free, for free forever.
Speaker:Right for free wherever, as long as that relationship lasts.
Speaker:And, uh, and the more partnerships you create, skateboards stores, anyone that
Speaker:needs helmets anywhere, um, you're going to end up getting their traffic for free.
Speaker:It is literally, it's funny because even at a marketing conference,
Speaker:nobody talked about that.
Speaker:That was not.
Speaker:The subject of conversation yet?
Speaker:I think it will be.
Speaker:Um, I think you're gonna hear a lot more about that in the next week.
Speaker:I
Speaker:think, I think you are.
Speaker:And I think, I mean, again, uh, this whole idea behind what you're doing,
Speaker:I mean, I do want to get into that and sort of pick your brains about it.
Speaker:Um, uh, the ability to, for the, for the guy to sell the
Speaker:bike helmets on the bike shop.
Speaker:And we'll talk about that.
Speaker:Uh, but before we get into it, because it's really useful stuff now
Speaker:seems to be inappropriate time to hear from this, which show sponsor,
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Speaker:well, a big shout out big, thanks to, uh, show sponsors.
Speaker:I'm back here with David talking about all things.
Speaker:So before we sort of started on this track of influencer marketing, buying
Speaker:on different platforms, and we've sort of moved on slightly now to, um, let's
Speaker:say you manufacture bike helmets.
Speaker:You can take advantage of the traffic, which is on that bike website over
Speaker:there, and that skateboard website over there for free, as long as
Speaker:you maintain that relationship.
Speaker:And so your product through those, um, websites, which is if I'm
Speaker:understanding this, right, I mean, that's where your platform comes in.
Speaker:This is a sort of an idea that you.
Speaker:I guess you've sort of joined shipping and social media sort of influences
Speaker:ideas and a few other bits and bobs you've put them into a big shaker,
Speaker:shook them up and out has come this sort of really interesting idea.
Speaker:Why don't you explain it?
Speaker:Um, in layman's terms?
Speaker:Yeah.
Speaker:So, so this first idea is can you push your products into someone else's traffic?
Speaker:That means when they sell your home?
Speaker:Um, what we'll do is we'll actually just because everyone's
Speaker:installed on our platform.
Speaker:When the helmet sells, we can actually generate the order for
Speaker:you, the helmet company, and you can do the, the, the shipping.
Speaker:Um, why does that matter?
Speaker:Well, it's pretty cool.
Speaker:If the helmet never moves until it sells.
Speaker:So today the market isn't very efficient because someone has to try to guess which
Speaker:helmets are gonna sell, buy them from the, the people who create the helmet.
Speaker:Move them through freights to some warehouse somewhere, have people
Speaker:touching it, which costs money.
Speaker:Insuring it, and then when it sells shipper from that location,
Speaker:um, the idea, uh, which means it gets shipped twice, right?
Speaker:So it's, it's been graded and shipped and handled.
Speaker:Um, so the concept is it just, it saves more margin, but we basically broke
Speaker:this puzzle down into two key pieces.
Speaker:One was, it would be really great if there was a way to, um, to get attention
Speaker:for your products and get sales that are effectively coming out of nowhere.
Speaker:You didn't have this channel before this wasn't technically possible.
Speaker:We call it virtual wholesales here.
Speaker:Putting your products into other people's stories.
Speaker:But the second part of it is let's say you're the bike store.
Speaker:Well, you just got helmets, right?
Speaker:You didn't have those helmets before now.
Speaker:You do, you, you might've bought a few different colors in, in the,
Speaker:in the, in the standard sizes, but.
Speaker:Um, with this technology because we're actually literally wiring the two stores
Speaker:together what's actually occurring is now you have all the helmets and
Speaker:all the colors and all the sizes instantly without paying a dollar.
Speaker:And so when, when you've, when you've done that for the first time and you
Speaker:go, wait a minute, what this, I mean, actually works like you have suddenly
Speaker:all the helmets and all the Kellys and all the sizes and you can sell them.
Speaker:So then you start going, well, what else do you have?
Speaker:Do you have gloves by any chance?
Speaker:Cause we think we need some gloves.
Speaker:And do you have any, any lights or locks or, or, and they start
Speaker:adding category after category.
Speaker:So some bike stores have 10 new categories because of this because they realize,
Speaker:um, there's one called state bicycles.
Speaker:A great example.
Speaker:If you go there, you won't be able to tell what.
Speaker:What we're doing and what we're not doing on their store, they
Speaker:just have tons of categories.
Speaker:Right.
Speaker:And so that's, what's so cool about it is because it's
Speaker:creating this, this partnership.
Speaker:Um, our tagline is sell more together, but, but why does it matter is because
Speaker:your average order value increases.
Speaker:If you add a helmet and gloves and alone, right.
Speaker:With the bike, if your average order value increases, that actually gives
Speaker:more money to your marketing team.
Speaker:Yeah.
Speaker:Well, you know, it costs, I mean, that's the basic equation of e-commerce is
Speaker:what does it cost to get a customer?
Speaker:How much money did you make from them when they arrived?
Speaker:It better be more, or if it needs to be differentiated tons and tons of
Speaker:e-commerce businesses that everyone that buys helped kill their company more.
Speaker:Right.
Speaker:Because everyone that they bring in for, for, I dunno, $50 and
Speaker:they spend $20 it's game over.
Speaker:So what can we do to help increase that average order value in the answer?
Speaker:But by adding other products.
Speaker:And when, when brands start to get creative with this, we've
Speaker:seen some really clever ones.
Speaker:There's one that was a brand called blend yet who, um, who make a blender.
Speaker:And, uh, and it's a cool blend there that you blend right before you drink.
Speaker:So that's cool.
Speaker:Um, but they wanted to sell what goes in the blender.
Speaker:So they created a marketplace and we connected them to companies
Speaker:like Oatley who do oatmeal.
Speaker:And so you can have all these different ingredients.
Speaker:They didn't have refrigerated warehousing, so they're not going
Speaker:to ever have all of this stuff.
Speaker:Especially from, from big brands like that, the ability to
Speaker:suddenly have all of that in their own marketplace is very cool.
Speaker:But then they added, then they had, it's funny.
Speaker:I see this time and time again with business is, but what about offering
Speaker:a subscription to your favorite things that go in the blender and people will,
Speaker:will pay for that because they actually want the one thing I learned from the
Speaker:game industry, people are always looking for the easier way to do something.
Speaker:They want to save time.
Speaker:Like, do you want to, do you want to.
Speaker:Two miles or 10 miles or 20 miles, or do you want to ride a horse?
Speaker:Right.
Speaker:And you know, they want the horse.
Speaker:And so that's, that's basically, if you can make it easier
Speaker:for people, they will do it.
Speaker:But if you sign a subscription, that's worth way more as a lifetime value
Speaker:or as a, as an average order value.
Speaker:So it's the kind of thing that we were loving, sort of seeing how people do this.
Speaker:Another example is let's say Halloween's coming or Valentine's day.
Speaker:What if you wanted to make a pop-up store in your own store with lots
Speaker:of products dedicated to that idea?
Speaker:Without paying a single cent for any of it.
Speaker:Right?
Speaker:So now you have all these products, which you've curated for your
Speaker:audience for that period of time.
Speaker:And you can take the story down whenever the holidays over, but in
Speaker:reality, it's costing you nothing.
Speaker:And so another example is black Friday.
Speaker:Um, I live by the coast in, in, uh, in California and.
Speaker:Currently, there's a really bad supply problems in, in the ports, like
Speaker:trying to get ships into the ports.
Speaker:And so they were all bunched up in long beach.
Speaker:Um, and, and there was aerial shots where it's were incredibly embarrassing
Speaker:to the government because you could see all these shifts has piled up
Speaker:and all they've done is made them spread them out, down the coast.
Speaker:And now you see these ships all the way down the coast.
Speaker:Um, but those, this supply team problems.
Speaker:Our real, like, that's a real issue for brands.
Speaker:So imagine something doesn't arrive.
Speaker:Well, what do you, what are you going to do?
Speaker:Like, it's just, you've got out of stock all over your website.
Speaker:That's terrible.
Speaker:So you can augment that by adding, um, um, brands from partners,
Speaker:our products from partners.
Speaker:I
Speaker:mean, in some respects, it sounds really fascinating.
Speaker:You know, I, I, I'm the guy with the bike shop and now it's becoming
Speaker:really easy to go and get products to, um, put on my website that
Speaker:I don't have to have in stock.
Speaker:Uh, but I can put all of those products with some kind of technical wizardry.
Speaker:The whole interface becomes straightforward and easy.
Speaker:And I get that.
Speaker:I understand that.
Speaker:I guess one question that is immediately obvious here, David, is how is that
Speaker:different to say drop shipping?
Speaker:So me going and getting, you know, bike helmets, just taking pictures of five
Speaker:new Alibaba or something like that.
Speaker:AliExpress, I don't know.
Speaker:Um, and putting those on my way.
Speaker:Well, there's a couple of steps.
Speaker:So first of all, um, regular drop shipping tends to come from China.
Speaker:It's just the way it is.
Speaker:Right.
Speaker:Um, and.
Speaker:It can be weeks before something shows up.
Speaker:And it usually shows up in a little plastic bag, that's being beat up crazily
Speaker:and, uh, and the product is unbranded.
Speaker:It's some, you know, you're buying a blue hat or something like that.
Speaker:Um, that's not generally what motivates people.
Speaker:It, they're usually in love with a certain brand.
Speaker:There's a brand they really care about.
Speaker:Um, and you know, they like that company.
Speaker:They want to keep using their products.
Speaker:And so what we've done effectively, Get real brands to actually work together,
Speaker:not, um, you know, not unknown unnamed.
Speaker:It's not just the case of just trying to sell white socks.
Speaker:That's more where Amazon's heading.
Speaker:I believe, which is, is there going towards, what are the cheapest
Speaker:white socks you can possibly create?
Speaker:And we'll, we'll have them shipped directly from China and we'll, we'll put
Speaker:an Amazon private label on them and no one will be able to compete against us.
Speaker:That's where Amazon, I think is actually.
Speaker:And so this idea
Speaker:of the interest in prediction of, I mean, what should the space?
Speaker:I, I have some, I have to say I have some resonance with that, you know, and
Speaker:it's becoming more and more like that.
Speaker:And, and the it's been interesting with your supply chain issues,
Speaker:especially in the states, um, that it has, it has Amazon hard that, and
Speaker:COVID, they've not been able to staff the warehouses and get stuff out.
Speaker:That seems to be quite a big shift in people's thinking now about Amazon.
Speaker:Uh, which I find quite fascinating.
Speaker:So you can see the problems on the horizon.
Speaker:And I mean, the problems are already there and people are kind of going, yeah.
Speaker:Okay.
Speaker:Now, now we're sort of paying a bit more attention to them.
Speaker:Aren't they really
Speaker:well, what I, what I say to brands is, um, I found, um, an item on that.
Speaker:Amazon is selling, which is, is leather stamps.
Speaker:If you want to stamp the letter a into leather, I mean, a little press
Speaker:things that you can hit with a hammer and you got a letter, a Amazon now
Speaker:makes their own leather stamps.
Speaker:And so what I say to brands is whatever category you're in, how
Speaker:safe do you feel now that they decided to go after leather stuff?
Speaker:It's a
Speaker:good question.
Speaker:That's I mean, they make vacuum safe
Speaker:now, you know, you're doing really good with your white shirts.
Speaker:Good luck with that.
Speaker:They're on their way and what they do, which is different.
Speaker:So in the United States, we have, um, uh, a store called Costco.
Speaker:Um, that is just enormous.
Speaker:And Costco is so successful internally.
Speaker:They they're actually making their own products and they put
Speaker:a brand on it called Kirkland.
Speaker:And so it's perfectly okay.
Speaker:You're walking around Cosco and there's Kirkland all over the
Speaker:place and, and, and that's fine.
Speaker:Uh, Amazon started the same path.
Speaker:So you saw Amazon basics and Amazon essentials and that's fine.
Speaker:So they were doing the same thing, but then they got kind of smart
Speaker:about it and they started creating things like Presto, Presto, toilet
Speaker:paper, and things like that.
Speaker:So they've, they've got all these private labels.
Speaker:They have a whole list of them now.
Speaker:So you can't tell anymore you actually, if they're shopping for
Speaker:that, Yeah, you cannot tell if you're buying Amazon products,
Speaker:they are not signaling that to you.
Speaker:And so, um, that's why, so the second thing that's interesting is they have.
Speaker:Um, uh, they have all of the reviews and see you go, well, what's,
Speaker:what's the big deal about that?
Speaker:We'll hold on.
Speaker:Imagine you're in coffee presses and they want to do a, a coffee press.
Speaker:What they do is they send the reviews to their manufacturer and say, fix
Speaker:all of these issues and we'll bring it out for, you know, half the price.
Speaker:So, cause we're going to order a lot.
Speaker:Right.
Speaker:So ultimately.
Speaker:They end up using the reviews to, to give them leverage over the
Speaker:people that are already there.
Speaker:And then they reduce it.
Speaker:This is, this is what the.
Speaker:This is what I'm seeing and hearing is a, is, is concern that, that, um, and
Speaker:I haven't personally no issue with it.
Speaker:Cause that's Amazon's platform.
Speaker:They can do whatever they like, but if you're a brand trying to build
Speaker:your own customer base, et cetera, You can't actually do it on Amazon
Speaker:because they own all the customers.
Speaker:And so that's really where the story goes with us is we had this epiphany that
Speaker:that's occurred with influencers too.
Speaker:You go hold on a minute.
Speaker:So let me get this straight influencers, have a lot of followers.
Speaker:But they don't have customers.
Speaker:They have followers, right?
Speaker:Followers are great, but customers are better.
Speaker:And then you go, well, which influencers of customers, Kim Kardashians does, she's
Speaker:got skims, which is worth over $3 billion, Rihanna, Fenty, beauty, over $2 billion.
Speaker:She's found a way to get her followers to turn into customers that she owns.
Speaker:Right.
Speaker:And that idea of, of having customers.
Speaker:I think it's the game changer.
Speaker:That's the big chess move that's coming.
Speaker:So what that means is today, I would say less than 1% of influencers have customers
Speaker:they've been off for all these years.
Speaker:They've been sending all their clicks off to somebody else who who's more
Speaker:than happy to keep all their customers.
Speaker:So Amazon.
Speaker:Has been, has been getting influencer clicks for years.
Speaker:And, and again, all those just become Amazon customers.
Speaker:Um, but even the merger deals, so I've talked to influencers and
Speaker:they're like, oh, it's so exciting.
Speaker:I've got a March deal.
Speaker:And I'm like, but you don't have any customers.
Speaker:Right?
Speaker:Yeah.
Speaker:At the end of the day, the merged company keeps all the customers.
Speaker:So this is, this is going to change and the way it's going to
Speaker:change again, it's social commerce.
Speaker:So the influencers will sell in their feed.
Speaker:The one thing they're missing today is the technology to allow.
Speaker:To actually keep the customer and to do that.
Speaker:You actually only need to sign up for Shopify and Shopify.
Speaker:You know, it's $30 a month, you know, we're even, we're working
Speaker:on ways to get that down to less like $10 for what we need to do.
Speaker:And ultimately the idea is just to give them somewhere to store their customers.
Speaker:They just need a storage bay to put all their customers into so
Speaker:they can, uh, now imagine you are great at selling e-bikes and you've
Speaker:sold a hundred thousand of them.
Speaker:You become so valuable in the e-bike industry, because now you've got, you're
Speaker:the only influencer, but the database of actual customers that buy e-bikes.
Speaker:Right.
Speaker:And so they're literally going to squabble over it.
Speaker:So I see a bit of a wild west coming where, where you're going to be staking
Speaker:out ground as influencers and brands are going to be fighting over being that
Speaker:that is the one thing with influences.
Speaker:If you can't put in 20 D bikes, cause that's not authentic, right.
Speaker:You have to stand by the ones that you really.
Speaker:And so there's going to be a hole.
Speaker:I mean, think about that in every dimension for every product category
Speaker:it's going to be, you totally
Speaker:can.
Speaker:And to be honest with you, as you mentioned, DBAs, David, I did a three
Speaker:videos, I think maybe four, I can't remember three or four videos a few
Speaker:years ago on a particular e-bike, uh, it was a small little company at the time.
Speaker:It's, I mean, it's blown up now and I really liked that bike.
Speaker:Well, those combined views, well, over a hundred thousand views on YouTube.
Speaker:Um, a lot of questions, a lot of people interested.
Speaker:I'm like, well, If I'd have, if I'd have listened to you, I'd got a Shopify store.
Speaker:I'd put those e-bikes on the store using your system because it's the
Speaker:brand that I was interested in.
Speaker:Put the bikes on there.
Speaker:I don't have to pay for stock.
Speaker:The bike companies are going to ship them.
Speaker:I just have to review them, keep pumping the content out there.
Speaker:Well, I there's, there's a fair chunk of cash in a, in an e-bike.
Speaker:So, you know, it would have been a reasonable source of income to make.
Speaker:Um, so I can see what you're talking about.
Speaker:So you've got this system, which bridges now brands.
Speaker:With influences as well as bridging brands with other brands who
Speaker:are selling similar products.
Speaker:Um, but I, I see what you're, where you're going now that
Speaker:actually influences themselves.
Speaker:Well now start to set up their own stores and retain their customers
Speaker:and sell much more than doing what we used to do on YouTube videos.
Speaker:You know, if you thought you're going to get a few flicks, this was recorded with
Speaker:this camera, here's an Amazon link and you get, you know, three PF, whatever
Speaker:was bought or something like that.
Speaker:That's right.
Speaker:Isn't it.
Speaker:And it's just a question for an influencer.
Speaker:Like, are you serious?
Speaker:Like you really want to be an influencer.
Speaker:Like if you're serious, you got to change gears.
Speaker:It's time.
Speaker:You can't, you can't just keep doing that forever.
Speaker:You need to, if you want to end up with an exit, right?
Speaker:Like you own something, you've created an asset of value.
Speaker:If you're just sending all your clicks somewhere else.
Speaker:Um, you know, Affiliate deals.
Speaker:Aren't, aren't just, aren't the way aren't, aren't the future.
Speaker:And so it's really powerful.
Speaker:I can see why you're excited by it, and I can see why other people are excited
Speaker:by the possibility as long as you can keep getting the brands on board, um,
Speaker:and keep connecting the influencers.
Speaker:I can see this as you know, it's a great win-win scenario.
Speaker:Um, a great win-win.
Speaker:So.
Speaker:Yeah.
Speaker:So there's another thought is if you have a bunch of brands together,
Speaker:um, and in our case you have 30,000.
Speaker:So if you have that many together, it creates an organism.
Speaker:And what my sort of dream is, we keep saying, sell more together, but, um,
Speaker:I'd love to maxi help each other to in every group, there's someone in the
Speaker:room that's really good at everything.
Speaker:So like there's someone in there who's just an Jed.
Speaker:I at shipping, you know, and you please help that help the reps.
Speaker:You know, with their shipping, can you please help the other people
Speaker:get better product photography?
Speaker:Um, because we can grow together if we do that.
Speaker:And so that would be my ultimate dream for this collection of Francis.
Speaker:They actually start to collaborate with each other.
Speaker:And, um, the reason that's interesting is if you're on Amazon
Speaker:and Amazon turns on you, um, uh, then you know, when you leave.
Speaker:What are you going to do?
Speaker:Are you going to buy every click from Facebook and Google?
Speaker:Um, you know, that's, that just doesn't really work financially for you.
Speaker:So therefore wouldn't it be killer if you could just join an organization or a group
Speaker:or a, um, uh, like a Federation of brands that are all working together, um, that
Speaker:I think would be a really healthy entity.
Speaker:Um, and I'd love to see that, you know, that cause that started to
Speaker:happen.
Speaker:A little bit.
Speaker:Yes, but, but not, we haven't, it's funny because I've been, I've been meeting
Speaker:with multiple companies to try to find a technical solution that allows people
Speaker:to communicate, um, Um, as a group.
Speaker:Well, so what I'm trying not to do is just have like Facebook groups
Speaker:or something like that, or, uh, you know, some feed that you just post to.
Speaker:I would like it to be, there was a thing that came out clubhouse.
Speaker:I'm sure you, you probably tried and clubhouse kind of showed that
Speaker:it can work, but I would like it to be more so you can have, um, time
Speaker:shifting, you know, so, so effectively.
Speaker:Uh, you know, someone could do a webinar or something like that.
Speaker:And other people could, you know, the derive months later can still see it.
Speaker:So that that somehow gets some self service, uh, um, you know, sort of, uh,
Speaker:system to it so that we're not having to have a huge team of people to, to do this.
Speaker:So I'm trying to find like, who's, who's really the tip of the sphere on
Speaker:keeping this easy so that it doesn't turn into another company that we
Speaker:have to build, um, and do that.
Speaker:And, uh, and so I've been doing that.
Speaker:Wow,
Speaker:that whole learning platform, just, um, that, that intrigues
Speaker:me massively at the moment.
Speaker:And like Q I've, I've been thinking a lot about that, um, and how that can
Speaker:work generally and just the general shift and the general changes that I think
Speaker:you see in the whole educational sphere.
Speaker:So like, um, simple things like, uh, you know, people doing online
Speaker:courses, I've done online courses.
Speaker:I've sold online courses.
Speaker:I don't know if you've got into that whole thing in the past.
Speaker:Part of me thinks that actually there's obviously still a lot of money to
Speaker:be made in online courses and doing that type of thing, but it looks to
Speaker:me like it's, it's sort of moving on.
Speaker:It's sort of evolving from that and people.
Speaker:People are sort of moving past the stage where they go, well, actually I'm
Speaker:not really wanting to spend 2000 bucks on just watching some guy on a video.
Speaker:Uh, and I need to, I need to have something else.
Speaker:Um, and, and, and that I find quite interesting.
Speaker:So how you crack this particular nut?
Speaker:David do let me know because I'll be very, very intrigued.
Speaker:Uh that's for sure.
Speaker:It's um, it's a whole fascinating thing for me.
Speaker:I think of a game to this tree always.
Speaker:So how would the game industry make a training course?
Speaker:Um, I can't tell you how many training courses that are out there.
Speaker:Cause I'm into photography and lots of different hobbies.
Speaker:I buy all the training courses and people are proud of the fact that I'm
Speaker:going to sell you 90 hours of training.
Speaker:And I'm like, I don't want 90 hours.
Speaker:I mean, seriously, I have no interest in that.
Speaker:And so that would be my first suggestion.
Speaker:Is the thing that people are willing to pay for they'll even
Speaker:pay more for us to learn faster.
Speaker:So I was on the board of, of a high school and I, I had that conversation
Speaker:with the headmaster, like in a way you're teaching somebody math, but at what point
Speaker:are you the teachers getting together and saying, how can we teach it faster?
Speaker:Like.
Speaker:You know, I call it time to a ha so time to go.
Speaker:I got it.
Speaker:Right.
Speaker:I get it.
Speaker:I got it.
Speaker:Cool.
Speaker:I get it.
Speaker:And, uh, that's so here's a new concept.
Speaker:We're going to teach you today.
Speaker:What's the fastest possible way to get a room full of people that go aha.
Speaker:And, and I think that's the future for online education is people actually
Speaker:putting that effort in to get all of the words and time and wasted,
Speaker:nonsense out and just get to the point.
Speaker:Just tell me, um, I think, I think you'll, you'll find it.
Speaker:That's compatible with where the world's going.
Speaker:If you, um, you know, everyone with teenagers sees how impatient they are now.
Speaker:And, uh, you know, like tapping, like, you know, like give it, give the computer
Speaker:is thick and it's like, come on next.
Speaker:Next, next.
Speaker:Yeah.
Speaker:You see this with Instagram reels.
Speaker:I mean, just, you know, Instagram rules is blowing up as an organic way of social
Speaker:marketing has been for the last few years.
Speaker:You want to be successful in real this.
Speaker:Now you've got to do it under 15 seconds.
Speaker:Most people are looking at seven and you're like, wow.
Speaker:Last year, it was 60 seconds and now it's seven.
Speaker:I've got gentlemen and the whole thing is getting faster and faster
Speaker:and children, children in span.
Speaker:And, uh, I, I can see that, you know,
Speaker:the online training version of that.
Speaker:Yeah.
Speaker:I haven't seen it.
Speaker:I haven't seen it from anybody.
Speaker:Even audio books.
Speaker:Oh, this is 36 hour audio book.
Speaker:I'm like, are you kidding me?
Speaker:Take forever.
Speaker:How
Speaker:do we do that?
Speaker:I was drive to drive to Los Angeles just to hear this damn audio book.
Speaker:It's you know, the answer is
Speaker:to sit in the traffic 13 hours.
Speaker:Yeah.
Speaker:Yeah, no, I'm the same way I get in the car.
Speaker:I've got an audio.
Speaker:Man, this is going to take four weeks to get through four weeks.
Speaker:You know, my, my commute is only 20 minutes, so I'm, you know, I'm slightly
Speaker:blessed in that area, but yeah, it's, it's um, I, I see what you mean though.
Speaker:I do see what you mean about, um, faster and in some respects.
Speaker:That's that's what you've done with, uh, with, with Cara, isn't it, you've
Speaker:you in effect, I've got products easier and faster in the hands
Speaker:of people that can sell them, um, whether that's influence or the sites.
Speaker:And when you can bring those two things together, convenience and
Speaker:speed, everyone seems interested.
Speaker:Um, but the third thing that you've mentioned, uh, Or the third thing
Speaker:that I've picked up is this idea then of building a community, a
Speaker:sort of a community of people that can help each other along the way.
Speaker:And this is your dream.
Speaker:And to see that, um, and I, I, I see that in the gaming industry, um, every
Speaker:time I walk into my concept, but just down there is my, uh, little, little
Speaker:back cinema room at the house and the kids are in there playing games, but
Speaker:they don't like playing games alone.
Speaker:Um, they, they want to do it with their friends now online.
Speaker:And so.
Speaker:That this, that whole community aspect of it, isn't it.
Speaker:And it's like, how do I, how do I bring that into the whole frame?
Speaker:Uh, and, and so I, I, I just, there's some, there are going to be some big
Speaker:shifts, some big changes, and I'm really curious to see what they are.
Speaker:Um, yeah, I think you're right.
Speaker:I, community community will be interested in speed will be interesting.
Speaker:Ease will be interesting.
Speaker:Yeah.
Speaker:It's funny because you watch kids watch other kids play video games.
Speaker:I remember when that first, that behavior first began, you
Speaker:know, it sounded absurd, right?
Speaker:You're not playing the game.
Speaker:You're just watching someone else play the game.
Speaker:Why would you ever do that?
Speaker:And the reason is.
Speaker:It's because some people there's always incredibly talented people at
Speaker:everything and that's, that's my point.
Speaker:Right?
Speaker:So in reality, there's a, you're, you're getting stuck on level five.
Speaker:Well, just watch his video fast forward to level five and see how he does it.
Speaker:And you're, and it's like to you, who've been struggling with level
Speaker:five and you just can't solve it.
Speaker:And then you see somebody do it.
Speaker:It's such a valuable moment to you as a gamer because the stress relief.
Speaker:And when I talk about a hot moments, the aha is enormous, right?
Speaker:Oh, that's how you do it.
Speaker:And once you've done that once or twice watching other people play video games
Speaker:becomes, you know, it's, it's a must, a must have, um, it's so valuable to
Speaker:see tactics and strategies and skill.
Speaker:And, uh, you know, especially when you've played the game yourself.
Speaker:And so it's, it's kind of an interesting thing.
Speaker:And so that's, there's a theme there.
Speaker:Um, again, it's not that they just want to, what, so they're not just
Speaker:watching people play video games for hours and not playing themselves.
Speaker:They're watching because they're really interested in this individual and how
Speaker:they play, what they're playing, how they're doing, what they do and the.
Speaker:In which they're dealing with really difficult situations in real time and
Speaker:seeing how they handle it is fascinating.
Speaker:And so, um, you know, overall I'm a big, big, big fan of education.
Speaker:So if anyone cracks this, um, I, I think they're going to be,
Speaker:it's going to be unbelievable.
Speaker:Um, the impact that they can have on, on education.
Speaker:And I just want to be clear what I'm not suggesting as cliff notes.
Speaker:I'm not saying take a book and create the cliff notes.
Speaker:It's not that at all.
Speaker:It's to try to think from the beginning, like, can we get a
Speaker:hundred teachers together and find the fastest way to teach something?
Speaker:Because there's someone in that group that's really, really good at it.
Speaker:Really good.
Speaker:And I've never thought of it like that either.
Speaker:I, I never, I never taught it like that.
Speaker:I was doing it the old school way.
Speaker:And then.
Speaker:They realize that, that if you do it that way, the download is, is almost instant.
Speaker:And so imagine, um, I would have loved my schooling, you know, for that
Speaker:to have occurred in the background.
Speaker:So I tried to explain it to the, to the school in a different way,
Speaker:because of course it sounds like work.
Speaker:And every time you pitch a work, they're like, I don't want to do
Speaker:that because we're all too busy.
Speaker:So.
Speaker:I said to them, if a teacher leaves you lose the IP of all the years,
Speaker:that they've been learning how to teach that subject at your school.
Speaker:If you get everyone to work together as a hive-mind and build how
Speaker:you teach math, that becomes the intellectual property of the school.
Speaker:So when a new teacher comes in, like, They can teach this super efficient way.
Speaker:Um, that actually adds value to your skill.
Speaker:At some point you could almost franchise the school.
Speaker:If you had that, then suddenly, suddenly they start listening.
Speaker:Right now.
Speaker:It's a more interesting conversation here.
Speaker:It's kind of fun.
Speaker:I think it's the ability to reframe it and think like that,
Speaker:which a lot of people don't have.
Speaker:Um, You know, they just see it.
Speaker:We're just going to get a heads down and get on with the daily grind.
Speaker:The ability just to go hang on a minute, um, is a traditional route.
Speaker:These are the traditional problems.
Speaker:I can't just do the cliff notes because that just the
Speaker:fundamental issues are still there.
Speaker:And, um, you know, so to take a step back, put your head above the parapet,
Speaker:look around and think outside the box and all the other cliches that we
Speaker:like to throw into this kind of thing.
Speaker:I think that is a skill, which is.
Speaker:Very sucky liking, uh, despite the rhetoric of a lot of people saying,
Speaker:cause it's very trendy, isn't it to be an entrepreneur, I'm an entrepreneur.
Speaker:Um, but actually I think an entrepreneurial, someone who is
Speaker:entrepreneurial has the ability to look at a situation in a very different way
Speaker:and see some incredible opportunities.
Speaker:Um, And that's not just, you know, an entrepreneur is not someone who's just
Speaker:going to go to AliExpress, buy baby blankets and put them on their website.
Speaker:It's just, it just isn't, I mean, that's an opportunity more than anything.
Speaker:Um, but to think about it and think about it differently.
Speaker:Um, I think that's entrepreneurial and I think that's something that
Speaker:I don't actually see a lot of.
Speaker:For me, it would make me jealous of what you do.
Speaker:So you're getting to talk to lots and lots and lots of different
Speaker:people with different ideas.
Speaker:And so that to me would be really attractive to just that, that
Speaker:continuous download of difficult.
Speaker:It's unbelievable.
Speaker:I genuinely think that every, I don't care what industry everyone is it, and they
Speaker:should be, they should set themselves up for podcast and go and talk to every week.
Speaker:Just go and talk to someone from their, from their industry.
Speaker:Who's got a very different way of thinking and spilled that night.
Speaker:So much.
Speaker:So I've not said this out loud.
Speaker:I don't think we're planning our second party.
Speaker:So we've got this podcast, e-commerce podcast, I'm planning a second
Speaker:podcast, which I've kind of got a name.
Speaker:I'm not quite sure I'm going to call it David, but you'll definitely be invited
Speaker:to be on it because it's going to be talking about the other side of stuff
Speaker:a bit, like what we've done tonight.
Speaker:So we've not focused loads on e-commerce, but we've talked about
Speaker:some really interesting topics around.
Speaker:Life and business and learning for example.
Speaker:And I find that that actually is deeply fascinating.
Speaker:And just to sit down with somebody and say, what was the biggest
Speaker:challenge you've ever faced?
Speaker:What do you think the biggest opportunity is at the moment?
Speaker:What really excites you?
Speaker:Um, as opposed to tell me four ways how I can increase my ROI, which is great.
Speaker:And it's essential if you want to do e-commerce, but I'm also
Speaker:interested in that other stuff.
Speaker:So we're going to do a second podcast and I'm gonna get to pick the brains
Speaker:of some more, very incredible.
Speaker:I mean, it it's true like that that's marketing conference.
Speaker:I went to, um, I found exactly that.
Speaker:And if you could, those are the kind of people that you're going to ultimately,
Speaker:um, probably find interesting.
Speaker:So you'll get a guy said he gave a really nice example.
Speaker:He said he goes into, um, a Facebook group that he's not part of, but he
Speaker:wants to be important in the group.
Speaker:So how do you make yourself important?
Speaker:And again, And he said, well, what I do is I know nothing about
Speaker:the subject, like scuba diving.
Speaker:I know nothing about scuba diving, but I see everyone talking about scuba diving.
Speaker:And what I look for is what are they doing?
Speaker:Uh, what are they talking about?
Speaker:That's, that's most interesting to them as a group.
Speaker:And so he actually pulls all the keywords creates tag clouds looks to see them.
Speaker:They seem to be talking a lot about going on diving vacations.
Speaker:Here's a list of the locations.
Speaker:They talk about the one they talk about the most is Mexico.
Speaker:The things they want to do when they go on these diving vacations, here's a
Speaker:list of all the things they talk about.
Speaker:The number one right now is shark diving.
Speaker:So shark diving in Mexico, if you were to just look at all these conversations
Speaker:together, is that the trend?
Speaker:So he actually calls someone in Mexico that does shark diving tours
Speaker:does a zoom with him, records it, and then post it to that group.
Speaker:And the group goes wild.
Speaker:I.
Speaker:Oh, my God, this is so interesting.
Speaker:This is that's brilliant.
Speaker:Absolutely brilliant.
Speaker:That's that's very, very good customer research.
Speaker:That's what that is.
Speaker:And so you could go in there and say, I like scuba diving too.
Speaker:Good luck with getting important in the group.
Speaker:Right.
Speaker:But you can, the point is with a little bit of extra research and
Speaker:just thinking outside the box.
Speaker:You can come in and become important almost immediately.
Speaker:And so, um, it's that kind of stuff that I love to hear.
Speaker:I love to hear people that are actually doing things like, what are
Speaker:you doing and how are you doing it?
Speaker:Um, is actually, you know, really interesting.
Speaker:And, um, I think the, in our case, um, the, this idea of sell more
Speaker:together is causing, it's almost like an unlock saying to you creatively.
Speaker:Okay.
Speaker:That's how you would have done it as your own brand, but how would
Speaker:you do it if you had access to other brands in every dimension?
Speaker:So we've worked on a recommendation system and, you know, recommendation
Speaker:systems have been around forever.
Speaker:They look in, in the store and they just choose products that are similar or
Speaker:go with the thing that you're selling.
Speaker:So if I'm selling in likely toothbrush, it looks in the date and goes, Hmm.
Speaker:What other electrical things do you have that go with that?
Speaker:You have an electric shaver.
Speaker:Boom.
Speaker:That's recommended.
Speaker:It's a terrible recommendation to go out and electric tooth price.
Speaker:And so, um, we look we're like, well, what could, what could we do
Speaker:if it's sell more together, we have all of the brands, um, to look at.
Speaker:And so one of the brands installed in our network is Kendall.
Speaker:Jenner's.
Speaker:Memorial care and she makes everything to do with, uh, you know,
Speaker:toothpaste and everything else.
Speaker:If we take her toothpaste and put it with your electric toothbrush,
Speaker:that is actually going to be the highest thing that you could do, but
Speaker:a brand wouldn't know that and they don't have access to even do that.
Speaker:So that's why I'm building this network and getting everyone to work together
Speaker:starts to get really interesting because even recommendations.
Speaker:Interesting.
Speaker:And so now we have AI running on the data, trying to, trying to learn,
Speaker:um, every time there's a transaction, so it just gets better and better
Speaker:and better, but in the future.
Speaker:And here's the joke to this in the future what's going to occur, which
Speaker:is kind of going to be funny is the.
Speaker:You're going to want to add a certain snowboard and it's
Speaker:going to go, are you sure?
Speaker:So as an example, uh, Elon Musk says this about his car.
Speaker:So his ultimate goal was to try to make the car drive safer than a human.
Speaker:So people keep going over, but it's the self-driving isn't perfect, right?
Speaker:Yeah.
Speaker:Do you know how imperfect people's driving?
Speaker:Yeah.
Speaker:Um, the cars are actually already better than human beings.
Speaker:And so as that continues to get better, let's do 10 more years.
Speaker:At some point, you're going to, if you touch the steering wheel, you're going
Speaker:to add error into the, into the system.
Speaker:You're literally creating a problem by touching the steering wheel.
Speaker:Um, and you know, it will be funny in the future and be like, please
Speaker:don't touch the steering wheel.
Speaker:Just let the car do it.
Speaker:Cause I want to get there to figure it out.
Speaker:Right.
Speaker:And so imagine that in e-commerce where the data is.
Speaker:Um, so accurate because everyone's collaborating at some point,
Speaker:it's like, You know, if you want, you can put that snowboard.
Speaker:You won't sell as much as if you were to do this, this and this.
Speaker:Right.
Speaker:And to some extent we can help augment their ability to choose.
Speaker:Like there's a, there's a big, um, uh, there was, uh, I went through
Speaker:a very expensive mall and one of the, one of the stores, everything
Speaker:in the store was based on lemons.
Speaker:So I was like, oh my God, the buyers are going crazy.
Speaker:I think like they think lemons are in, so everything is lemon print and,
Speaker:uh, that's quite the risk to take.
Speaker:Right.
Speaker:Um, but given, given data, we would actually know what would
Speaker:be the, the, the, the best things to go in the store this week.
Speaker:And, um, and one of the things we did at one point, we were talking to a
Speaker:major retail store who were interested and they said to us, can you suggest
Speaker:some brands we should work with?
Speaker:And we looked, um, in the data to see what is the top selling stuff at that.
Speaker:And the top selling thing was leg makeup.
Speaker:And we all literally went leg makeup.
Speaker:That's even a thing.
Speaker:Like, I didn't even know that was a thing, but that's what
Speaker:the data allows you to see.
Speaker:Right.
Speaker:And so people have never considered selling like makeup.
Speaker:Well, you should be selling it this week.
Speaker:This is the hottest thing you could sell right now.
Speaker:There's something you can sell it for you.
Speaker:Yeah.
Speaker:This is who can do all the orders for you.
Speaker:Yeah.
Speaker:And that's because someone probably on social media has been doing some
Speaker:posting that's caused a whole wave of
Speaker:Sandra Bullock, or somebody is talking about like makeup.
Speaker:Oh, David, listen, I've really, really enjoyed this conversation and the
Speaker:different tangents that it's gone.
Speaker:Uh, so I really, I genuinely have, it's been, it's been marvelous and fun.
Speaker:If people want to connect with you, if they want to reach out with, if they
Speaker:want to find out about more, more about Kerry, for example, maybe they want to
Speaker:put it on their side or maybe they're a brand and they want to get onto it.
Speaker:How do they do that?
Speaker:What's the best thing to do.
Speaker:Yeah.
Speaker:If you're a brand or an influencer we're on Shopify.
Speaker:So just go to the Shopify app store and you'll see Cairo there.
Speaker:Or you can go to our website, get Caro, C a R R o.com.
Speaker:So get Cairo.
Speaker:If you are going to install or going to.
Speaker:Please reach out to us.
Speaker:Um, email us@helloatgetcarol.com and talk and tell them about this
Speaker:podcast and they will, they will give you super VIP treatment.
Speaker:So just make sure to reach out if you, if you, um, if you interact with us.
Speaker:Um, and yeah, it's for influencers.
Speaker:Um, I think.
Speaker:You know, there's about, you know, if you start now, you're
Speaker:going to be ahead of the 99%.
Speaker:And, and so my recommendation would be to do that.
Speaker:And one last tip is if, if, if you're like, but I don't know how to do this.
Speaker:I don't know how to create a store.
Speaker:I don't know how to do any of this.
Speaker:Then there's a, there's a page called experts.shopify.com.
Speaker:And there's actually people available that you can hire to
Speaker:do any piece of it that you want.
Speaker:I don't want to manage my store.
Speaker:Okay.
Speaker:Somebody else?
Speaker:Well, I don't want to create my store somebody else.
Speaker:Well, um, whatever it is you need, but you think that that's the way to get started.
Speaker:Fantastic.
Speaker:Well, David, thank you.
Speaker:We'll put all the links to that to you, to the, um, the carrier
Speaker:and to the experts at Shopify.
Speaker:We put all those in the show notes as well.
Speaker:Um, but David, thank you.
Speaker:So.
Speaker:So there you have it.
Speaker:What a great conversation.
Speaker:Huge.
Speaker:Thanks to David for joining me today.
Speaker:Wasn't he great.
Speaker:Now don't forget to check out our back catalog, complete back catalog.
Speaker:Uh, just head over to e-commerce podcast.net, a revamped website.
Speaker:Yes.
Speaker:You can check that out and don't forget to subscribe wherever you get
Speaker:your podcasts from, because we've got some great conversations lined
Speaker:up and you will not want to miss.
Speaker:Any of them and in case no one has told you, you, my friend