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1057: How DTCs Can Create Loyalty Through Subscriptions

1057: How DTCs Can Create Loyalty Through Subscriptions

FromThe Tech Talks Daily Podcast


1057: How DTCs Can Create Loyalty Through Subscriptions

FromThe Tech Talks Daily Podcast

ratings:
Length:
37 minutes
Released:
Dec 20, 2019
Format:
Podcast episode

Description

Scalefast is changing the way brands do direct-to-consumer eCommerce, by empowering them to regain the control and simplicity they need to create an exceptional shopping experience, directly from their online storefront. By joining forces through the Scalefast Commerce Cloud, brands can deliver localized and personalized direct-to-consumer shopping experiences while leveraging the volume and data of an entire brand ecosystem. In the past year, subscription services have exploded from a niche market to a model that shoppers are familiar with – with brands like Dollar Shave Club and Hello Fresh gaining traction – now over half of online shoppers use subscription box services. But while shoppers are willing to in convenience and value over time, subscription churn rates are high, and consumers will quickly cancel services that are not delivering on their expectations. I invited Mike Schwartz from Scalefast to talk about the ways DTCs can navigate subscription services successfully? We discuss how DTCs can create successful subscription services through: Specialization: Whether that means finding a niche or offering customization, curated, and personalized services that allow users to think less about the things they need. Serving your current audience: Before offering subscriptions to the public, test the waters with current customers first who already trust your brand Avoiding hiccups: Subscription customers value convenience– and will notice if there is a change in the quality of service. Rent the Runway’s recent mishap could have been avoided by planning for volume and logistics in advance, and putting backups into place to keep things running smoothly during upgrades. I also learn more about the story behind Scalefast and how they plan to continue leveraging technology to empowering and help them thrive in a digital age.
Released:
Dec 20, 2019
Format:
Podcast episode

Titles in the series (100)

Fed up with tech hype and buzzwords? Looking for a tech podcast where you can learn and be inspired by real-world examples of how technology is transforming businesses and reshaping industries? Keep informed of the latest business and tech trends by listening to stories of other people in your field and how they are overcoming challenges with emerging technologies. Learn from the guest's actionable tips, and lessons learned to obtain greater clarity and how you can leverage technology. In this daily tech podcast, Neil interviews tech leaders, CEOs, entrepreneurs, futurists, technologists, thought leaders, celebrities. I have also teamed up with Citrix and its Citrix Ready partners to reveal how they are solving problems together while building the future of work. We discuss how tech trends such as AI, machine learning, 5G, IoT, AR, VR blockchain, crypto, and digital transformation strategies are already reshaping our world. Guests from every industry educate listeners through sharing their road to success, startup stories, and how technology transformed their business and life. Join me for a daily dose of optimism and motivation as I prove that technology really does work best when it brings people together.