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492: How Branding Reduces Acquisition Costs with Richard Li of July

492: How Branding Reduces Acquisition Costs with Richard Li of July

FromThe Foundr Podcast with Nathan Chan


492: How Branding Reduces Acquisition Costs with Richard Li of July

FromThe Foundr Podcast with Nathan Chan

ratings:
Length:
30 minutes
Released:
Jan 5, 2024
Format:
Podcast episode

Description

We last chatted with Richard Li, the founder of the luggage brand July, right before the pandemic changed travel forever. In Li’s return to the podcast, we’ll hear how he survived the past three years and created a luxury brand coveted by travelers. He’ll also break down how to implement AI tools in your ecommerce business and why brand is your strongest competitive advantage. 

Listen to Nathan and Li discuss: 

Losing 100% of their revenue in 2020

Why retail is cheaper than digital ads 

Nailing product color and style 

Why July isn’t on Amazon 

How branding can reduce acquisition costs 

Using AI to build forecast models 

Maintaining the personal touch of customer satisfaction 

How do you make a great offer if you don’t discount?

Why brand is the strongest competitive edge 

And much more DTC branding advice…


*This interview was part of the Foundr Ecomm-AI Summit that took place October 23 - 25, 2023. 

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Magazine
Released:
Jan 5, 2024
Format:
Podcast episode

Titles in the series (100)

We interview hard to reach entrepreneurs. (Mark Cuban, Seth Godin, Tim Ferriss, Tony Robbins, Barbara Corcoran, Daymond John & many more). Unlike most podcast interview series Nathan Chan literally started from knowing nothing. He was just an average guy working in a 9-5 job he utterly hated. He knew nothing about entrepreneurship, nothing about startups, nothing about marketing, and nothing about online or how to build a business. So from launching Foundr Magazine he's gone out and spoken to some of the most successful entrepreneurs and founders in the world in the world to find out exactly what it takes to become a successful entrepreneur, so YOU can learn from them. Why this podcast? Because we're asking the same questions you want to know as an entrepreneur on their journey to building an extremely successful business. We're on the front-lines facing the daily battles you are. How do I get more customers? How do I scale my business? I want to start a business, but just don't know where to start? How did this person get millions of customers and make millions of dollars and have a such a massive impact on the world? Some of these entrepreneurs are very well known, and some not known at all and that’s the cool part! Here we will share with you our best interviews from Foundr magazine showcasing this persons processes, failures, critical lessons learnt and actionable strategies showing YOU how to build a successful business. This is NOT your AVERAGE everyday entrepreneurship podcast.