Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Treet - The Power of Resale Now Available for Brands

Treet - The Power of Resale Now Available for Brands

FromThe Story of a Brand


Treet - The Power of Resale Now Available for Brands

FromThe Story of a Brand

ratings:
Length:
32 minutes
Released:
May 6, 2022
Format:
Podcast episode

Description

This episode is brought to you by Ordergroove.   One of the first challenges for Treet was to "sell the thing before you build the thing," says co-founder and CEO Jake Disraeli.   He explains that the goal was to sell a feature - and get feedback from the people who will be using it - before actually building the feature.   "We're cautious before we invest in new projects or new lines of business to test things before we go the long mile of creating those things," Jake says.   The best performers for resale usually have a few things in common, Jake says. They tend to be DTC-leaning. Also, they've been in business for a couple of years, so there's plenty of inventory available. Lastly, an ideal resale candidate would have average order values of $50 or above.   "Kidswear is one of the fastest-growing categories in resale, and I think the reason is pretty obvious - kids grow out of their clothes, so let's make sure that they can be passed on," he says.   Treet's loyalty numbers have been noteworthy. Most customers choose credit instead of cash for their items and then return to spend even more at the retailer.   "Customers are spending about 2 to 3 times more than their credit when redeeming it on the main site," Jake says. "That's part of why we haven't lost a brand yet. It's this idea that it's becoming more than just a sustainability initiative for brands. It is quite valuable when it comes to loyalty and bringing customers back into the fold."   In Part 2, Jake talks about: * The need for testing and feedback before committing to the final build of a new feature. * Why you should obsession over the problem you're solving. * An explanation about how the Treet system works. * What the ideal resale candidate looks like. * Which pieces of article perform best in resale. * Feedback from the resale community.   Join Ramon Vela and Jake Disraeli as they break down the inside story on The Story of a Brand.   For more on Treet, visit: https://www.treet.co/    Subscribe and Listen to the podcast on all major apps. Simply search for “The Story of a Brand,” or click here to listen on your favorite podcast player: Listen now.   *   This episode is brought to you by Ordergroove.   It’s time to let your customers enjoy the products they love without the friction of reordering...   That’s why innovative brands like Peet’s Coffee and Il Makiage rely on Ordergroove’s subscription solution to build long-lasting relationships that drive recurring revenue.   From enrollment incentives to churn-fighting AI, Ordergroove gives your business the tools it needs to be a subscription success story.   Book a demo today and receive 2-months off your contract. Visit https://www.ordergroove.com/story/ 
Released:
May 6, 2022
Format:
Podcast episode

Titles in the series (100)

The Story of a Brand Podcast is a show focused on e-commerce brands and the entrepreneurs, products, and customers that make up the brand. We believe that people want to buy from authentic Brands they love, admire, and to whom they feel community. Whether it’s how the brand obsesses over the customer experience or how they design or manufacturer their product or their stance on social issues. Our show attempts to illustrate the “Why” people connect to the Brands they love and perhaps just as important, how the Brand connects the customer to the world around them.