1 00:00:00,200 --> 00:00:03,920 Speaker 1: I'm off my game today. No, you're not. People are 2 00:00:03,960 --> 00:00:05,760 Speaker 1: going to have to start making better content. I think 3 00:00:05,800 --> 00:00:07,280 Speaker 1: we're gonna be talking about this for a long time. 4 00:00:07,400 --> 00:00:10,360 Speaker 1: When you program for everyone, you program for no one. 5 00:00:10,360 --> 00:00:12,440 Speaker 1: I think it's a we're purpose driven platform, like we're 6 00:00:12,440 --> 00:00:15,800 Speaker 1: trying to get to substance. How was that? Are you 7 00:00:15,840 --> 00:00:19,360 Speaker 1: happy with that? This is marketing therapy right now? It 8 00:00:19,640 --> 00:00:24,840 Speaker 1: really is. What's up? I'm Laura and I'm Alexa Kristen. 9 00:00:24,920 --> 00:00:28,520 Speaker 1: Welcome back to at Landia. We have got a great 10 00:00:28,520 --> 00:00:32,760 Speaker 1: guest today, Rachel Typographic, founder and CEO of mic Mac. 11 00:00:33,280 --> 00:00:38,320 Speaker 1: We wanted to have women entrepreneurs who are reshaping the 12 00:00:38,440 --> 00:00:42,960 Speaker 1: commerce and retail experience continue, so we asked Rachel to 13 00:00:43,040 --> 00:00:46,159 Speaker 1: join us. Two of my favorite things that part of 14 00:00:46,159 --> 00:00:48,960 Speaker 1: this retail blitz, I guess we'll call it going into 15 00:00:49,000 --> 00:00:53,120 Speaker 1: the Holidays shopping season is one the explosion of women 16 00:00:53,360 --> 00:00:57,200 Speaker 1: that are entrepreneurs, not just in shopping from a design 17 00:00:57,280 --> 00:01:01,360 Speaker 1: and product standpoint, but from a software an experience standpoint. 18 00:01:01,400 --> 00:01:03,680 Speaker 1: I think it's really telling that women are trying to 19 00:01:03,760 --> 00:01:06,960 Speaker 1: take back the shopping experience into their own hands, whether 20 00:01:07,319 --> 00:01:09,080 Speaker 1: in real life, as we talked about with Amanda in 21 00:01:09,080 --> 00:01:12,280 Speaker 1: the last episode or with what Rachel's do to kind 22 00:01:12,280 --> 00:01:16,880 Speaker 1: of minimize friction in the e commerce shopping experience. And too, 23 00:01:16,920 --> 00:01:19,080 Speaker 1: I just loved that I learned and interview you passed 24 00:01:19,080 --> 00:01:21,360 Speaker 1: me that she recently did on chatter that the original 25 00:01:21,440 --> 00:01:24,040 Speaker 1: name of Mick Mac was Chak and I thought that 26 00:01:24,040 --> 00:01:26,399 Speaker 1: that was great. But I'm a little and we argued 27 00:01:26,440 --> 00:01:29,880 Speaker 1: about that. We don't argue much, but we we disagreed 28 00:01:29,880 --> 00:01:32,440 Speaker 1: on that. Well, we do argue, but I know we 29 00:01:32,480 --> 00:01:36,240 Speaker 1: save everybody. We save everybody the argument. So, some cool 30 00:01:36,280 --> 00:01:38,200 Speaker 1: disruptions happening. I don't know if we would call them 31 00:01:38,240 --> 00:01:40,640 Speaker 1: cool disruptions. Maybe about for them for their cool disruptions, 32 00:01:40,640 --> 00:01:45,840 Speaker 1: but continued sort of turbulence in what could presumably become 33 00:01:45,840 --> 00:01:48,640 Speaker 1: an e commerce platform on Snapchat, if freaking should be 34 00:01:48,760 --> 00:01:51,960 Speaker 1: any commerce platform. And the fact that Snapchat didn't go 35 00:01:52,160 --> 00:01:55,520 Speaker 1: hard into actually creating ways for brands to come in 36 00:01:55,600 --> 00:02:01,760 Speaker 1: and sell product um automatically like ray DALs product is 37 00:02:01,880 --> 00:02:05,760 Speaker 1: amazing to me. I mean, there's so many opportunities. And 38 00:02:05,800 --> 00:02:10,519 Speaker 1: so today Snapchat announced that ten Cent bought a twelve 39 00:02:10,560 --> 00:02:13,960 Speaker 1: percent steak in the company and now owns twelve percent 40 00:02:14,480 --> 00:02:19,560 Speaker 1: of snap Um. I'm just sad about it because I 41 00:02:19,560 --> 00:02:25,000 Speaker 1: feel like Snap has and had so many opportunities to 42 00:02:25,080 --> 00:02:29,680 Speaker 1: diversify their content from like kind of traditional advertising, and 43 00:02:29,680 --> 00:02:33,919 Speaker 1: they've gone down the more traditional advertising route with media 44 00:02:33,960 --> 00:02:38,000 Speaker 1: company partners and publishers. I remember the lowest common denominator 45 00:02:38,080 --> 00:02:40,640 Speaker 1: right in scale and efficiency and looking to bring people 46 00:02:40,639 --> 00:02:44,160 Speaker 1: in in droves and volume and self created, but they 47 00:02:44,240 --> 00:02:47,120 Speaker 1: still have drop. But Laura, don't you agree that they 48 00:02:47,120 --> 00:02:50,320 Speaker 1: would still have droves of volume they just went for 49 00:02:50,360 --> 00:02:53,480 Speaker 1: the lowest common denominator in format. Yeah, well, they didn't 50 00:02:53,480 --> 00:02:57,440 Speaker 1: diversify the product portfolio within that low hanging fruit, and 51 00:02:57,520 --> 00:03:00,600 Speaker 1: so now you're in this phase where they're obviously selling 52 00:03:00,600 --> 00:03:04,480 Speaker 1: off stakes the company, but potentially missing alternative revenue streams 53 00:03:04,480 --> 00:03:06,760 Speaker 1: in the process, which I think people like Rachel Typograph 54 00:03:06,960 --> 00:03:09,840 Speaker 1: are trying to help them solve from a software standpoint. 55 00:03:10,040 --> 00:03:12,239 Speaker 1: But yeah, it seems like it was a blind swing 56 00:03:12,680 --> 00:03:15,000 Speaker 1: early out of the gate that they could have capitalized 57 00:03:15,560 --> 00:03:18,840 Speaker 1: on early days when you have such a highly saturated 58 00:03:18,880 --> 00:03:22,639 Speaker 1: audience of people, you know, engaging many many times over 59 00:03:22,720 --> 00:03:25,560 Speaker 1: on the platform multiple times a day, especially in the millennials, 60 00:03:25,919 --> 00:03:30,400 Speaker 1: you know age demographic. So I think it's a huge 61 00:03:30,440 --> 00:03:35,520 Speaker 1: miss opportunity for companies that own the pipe, right like 62 00:03:35,640 --> 00:03:41,680 Speaker 1: Snap owns their pipe to not have thought through solutions, 63 00:03:41,680 --> 00:03:44,840 Speaker 1: like a software solution like what we're going to hear 64 00:03:45,040 --> 00:03:48,680 Speaker 1: that Rachel created. And I think that they still have 65 00:03:48,760 --> 00:03:51,480 Speaker 1: the opportunity to be thinking down this line. I mean, 66 00:03:51,520 --> 00:03:57,960 Speaker 1: I don't see any reason why Snap couldn't become a 67 00:03:58,000 --> 00:04:04,360 Speaker 1: major commerce platform or software platform for commerce. Presumably it's 68 00:04:04,400 --> 00:04:07,400 Speaker 1: the inverted model, right, It's starting with content to get 69 00:04:07,440 --> 00:04:12,000 Speaker 1: to conversion versus Amazon starting from conversion with the potential 70 00:04:12,000 --> 00:04:14,960 Speaker 1: to build out content. And so I think what Rachel's 71 00:04:15,000 --> 00:04:17,880 Speaker 1: going to talk about is where scale exists. And you know, 72 00:04:18,000 --> 00:04:21,919 Speaker 1: she believes starting with performance is the way. You know, 73 00:04:21,960 --> 00:04:24,360 Speaker 1: all of these brands that start getting into the e 74 00:04:24,480 --> 00:04:28,240 Speaker 1: commerce space need to think about first. So with that, 75 00:04:28,800 --> 00:04:35,559 Speaker 1: Rachel Typograph, another killer female entrepreneur reshaping the retail world. 76 00:04:35,800 --> 00:04:50,000 Speaker 1: We'll be right back. Welcome back, everybody, We're here with 77 00:04:50,080 --> 00:04:54,840 Speaker 1: Rachel Typograph, founder and CEO of mic MAC. Welcome Rachel, 78 00:04:55,080 --> 00:04:58,240 Speaker 1: Hey Rachel, thanks for having me. We're doing like a 79 00:04:58,320 --> 00:04:59,760 Speaker 1: little bit of like what I would say is the 80 00:04:59,800 --> 00:05:02,280 Speaker 1: min A series on the future of retail. So we 81 00:05:02,360 --> 00:05:06,680 Speaker 1: had Amando Latifian last week, Yeah, last week, last episode, 82 00:05:06,960 --> 00:05:10,200 Speaker 1: and we're getting into our favorite season, holiday shopping season, 83 00:05:10,400 --> 00:05:14,400 Speaker 1: and you and I love. We have two women that 84 00:05:14,440 --> 00:05:16,160 Speaker 1: are going to be on the show, you being one 85 00:05:16,200 --> 00:05:19,840 Speaker 1: of them. That is totally disrupting commerce and retail, and 86 00:05:19,960 --> 00:05:22,719 Speaker 1: that just makes sense. We control all the dollars. We 87 00:05:22,760 --> 00:05:25,440 Speaker 1: do control all the dollars. So tell us a little 88 00:05:25,440 --> 00:05:28,400 Speaker 1: bit about micmac. Because you started as one thing, you've pivoted. 89 00:05:29,000 --> 00:05:31,120 Speaker 1: Now you have a couple of products and a studio, 90 00:05:31,640 --> 00:05:36,039 Speaker 1: explained mcmac. So at mcmac, we create commerce experiences for 91 00:05:36,080 --> 00:05:39,440 Speaker 1: the social video generation. I truly believe that the future 92 00:05:39,440 --> 00:05:42,360 Speaker 1: of commerce is going to be deeply rooted and distributed 93 00:05:42,440 --> 00:05:46,320 Speaker 1: social video. When I launched the company June of two fifteen, 94 00:05:46,400 --> 00:05:49,640 Speaker 1: it was the same thesis, just a different execution. So 95 00:05:49,920 --> 00:05:53,480 Speaker 1: people called us QVC for the Snapchat generation. We were 96 00:05:53,480 --> 00:05:57,240 Speaker 1: an iOS app. I would release fun new videos where 97 00:05:57,240 --> 00:06:01,599 Speaker 1: I had comedians talking products. Everything was about impulse by, 98 00:06:01,640 --> 00:06:04,640 Speaker 1: but the business model didn't make sense. The reason why 99 00:06:04,680 --> 00:06:08,359 Speaker 1: the business model didn't make sense is big aha moment 100 00:06:08,400 --> 00:06:11,960 Speaker 1: that I think most of the marketing and retail world 101 00:06:12,000 --> 00:06:16,479 Speaker 1: have realized, which is the app boom is over. What 102 00:06:16,640 --> 00:06:19,040 Speaker 1: happens with apps is you have to sink costs into 103 00:06:19,080 --> 00:06:24,680 Speaker 1: customer acquisition, customer retention plus for me video production and 104 00:06:24,720 --> 00:06:28,479 Speaker 1: not owning my inventory, I was making pennies on every transaction. 105 00:06:29,080 --> 00:06:32,920 Speaker 1: So the model only could work at insane scale. And 106 00:06:33,000 --> 00:06:36,000 Speaker 1: you see, any company like mine that tried to go 107 00:06:36,120 --> 00:06:39,800 Speaker 1: mobile at first either change their business model or die. 108 00:06:40,000 --> 00:06:43,960 Speaker 1: Do you have people that you consider competitors like you 109 00:06:43,960 --> 00:06:45,800 Speaker 1: mean in the current business model, the old business the 110 00:06:45,800 --> 00:06:49,159 Speaker 1: current business model. So was there in the old business model? 111 00:06:50,040 --> 00:06:51,560 Speaker 1: I mean, in the old business model. At the end 112 00:06:51,560 --> 00:06:54,560 Speaker 1: of the day, my competitor was Amazon, right, like everyone 113 00:06:54,720 --> 00:06:57,240 Speaker 1: competitor is Amazon. Yeah, You're not the only one with 114 00:06:57,279 --> 00:07:00,560 Speaker 1: that problem right now? Exactly? You discover things and Micmac 115 00:07:01,080 --> 00:07:02,920 Speaker 1: and then I couldn't control the fact that you would 116 00:07:02,960 --> 00:07:06,600 Speaker 1: find some you know, black market third party pricing on Amazon. 117 00:07:07,279 --> 00:07:08,960 Speaker 1: Now that makes sense. Okay, So that was the old 118 00:07:08,960 --> 00:07:11,960 Speaker 1: business model. What's the new business model? So the new 119 00:07:12,000 --> 00:07:14,720 Speaker 1: business model is Listen, if I'm right, which I'm betting 120 00:07:14,720 --> 00:07:17,920 Speaker 1: my entire career and being right, the future of commerce 121 00:07:17,960 --> 00:07:20,440 Speaker 1: is going to be deeply routed and distributed social video. 122 00:07:21,200 --> 00:07:23,400 Speaker 1: No one disagrees with me. It's why we've now worked 123 00:07:23,400 --> 00:07:27,640 Speaker 1: with over three hundred brands the challenges. If everyone believes 124 00:07:27,680 --> 00:07:31,200 Speaker 1: I'm right, what's preventing everyone from operating like MICMAC today? 125 00:07:31,320 --> 00:07:34,960 Speaker 1: I totally agree? And why wouldn't Amazon just buy you? Bezos? 126 00:07:35,000 --> 00:07:39,000 Speaker 1: Are you there? So for us, we went on this 127 00:07:39,120 --> 00:07:41,200 Speaker 1: R and D quest and what I wanted to understand 128 00:07:41,240 --> 00:07:42,720 Speaker 1: is if some of the biggest brands in the world 129 00:07:42,760 --> 00:07:45,000 Speaker 1: were working with us or wanted to work with us, 130 00:07:45,160 --> 00:07:48,200 Speaker 1: what was preventing them from operating like MCMAC today. And 131 00:07:48,240 --> 00:07:50,920 Speaker 1: what I learned is that every company has the same 132 00:07:50,960 --> 00:07:54,760 Speaker 1: three pain points. Pain Point number one video production. People 133 00:07:54,800 --> 00:07:57,760 Speaker 1: feel like it's either too expensive, it takes too much time, 134 00:07:58,200 --> 00:08:00,960 Speaker 1: or it's the opposite. They've been created all this video content. 135 00:08:02,160 --> 00:08:05,200 Speaker 1: It's not driving their bottom line, and now they're like, huh, 136 00:08:05,360 --> 00:08:07,960 Speaker 1: maybe we've been creating the wrong types of video content, 137 00:08:08,040 --> 00:08:09,520 Speaker 1: so we need to beat the ship out of that 138 00:08:09,600 --> 00:08:12,000 Speaker 1: in a few minutes, keep going. I like this pain 139 00:08:12,000 --> 00:08:15,520 Speaker 1: point number two attribution. At the end of the month, 140 00:08:15,920 --> 00:08:20,120 Speaker 1: everyone reports last click. As a result, it's impossible for 141 00:08:20,240 --> 00:08:22,680 Speaker 1: people to answer the question of which video drove a 142 00:08:22,680 --> 00:08:25,840 Speaker 1: sale and Y. And then pain point number three, my 143 00:08:25,920 --> 00:08:29,640 Speaker 1: favorite one. In the year two thousand seventeen, the most 144 00:08:29,680 --> 00:08:33,000 Speaker 1: progressive brands in the world still say to me that 145 00:08:33,160 --> 00:08:35,840 Speaker 1: social media is still a small piece of the overall 146 00:08:35,840 --> 00:08:38,680 Speaker 1: eCOM conversion and if they are seeing it, it's only 147 00:08:38,679 --> 00:08:42,120 Speaker 1: coming from paid And what's that's about is the friction 148 00:08:42,160 --> 00:08:45,120 Speaker 1: that exists today between engaging with social content and that 149 00:08:45,280 --> 00:08:49,000 Speaker 1: end checkout experience. So when every brand is saying the 150 00:08:49,040 --> 00:08:51,079 Speaker 1: same thing to me, I'm like, all right, it's clear 151 00:08:51,480 --> 00:08:53,760 Speaker 1: I need to go build software to solve those problems. 152 00:08:54,360 --> 00:08:57,880 Speaker 1: So today you come to micmac to license our software 153 00:08:57,920 --> 00:09:01,079 Speaker 1: to solve those problems. I'll talk about our main product, 154 00:09:02,120 --> 00:09:05,800 Speaker 1: which is called mcmacattached. It's a commerce layer for vertical 155 00:09:05,880 --> 00:09:09,520 Speaker 1: video content experiences. As a result, the primary use case 156 00:09:09,600 --> 00:09:12,600 Speaker 1: is an environments like Instagram, Stories and Snap but it's 157 00:09:12,600 --> 00:09:15,280 Speaker 1: a web application, so it actually can live anywhere that 158 00:09:15,320 --> 00:09:17,040 Speaker 1: you put a U R out. So can you, like, 159 00:09:17,360 --> 00:09:19,680 Speaker 1: just if we're going to break it down into layman terms, 160 00:09:19,679 --> 00:09:22,520 Speaker 1: because sometimes my grandmother listens to the show, can you 161 00:09:22,880 --> 00:09:26,400 Speaker 1: walk us through what that looks like from the consumer 162 00:09:26,520 --> 00:09:29,920 Speaker 1: standpoint before you kind of dig into the software needs 163 00:09:29,960 --> 00:09:32,840 Speaker 1: and why this is a tremendous white space for you 164 00:09:33,360 --> 00:09:37,480 Speaker 1: from a software standpoint totally. So let's take my client 165 00:09:37,559 --> 00:09:42,920 Speaker 1: at bows you are following Bows on Instagram. You are 166 00:09:43,200 --> 00:09:45,800 Speaker 1: looking at their Instagram story and there's a call to 167 00:09:45,840 --> 00:09:50,040 Speaker 1: action to swipe up. You swipe up. You're brought into mcmacattached. 168 00:09:50,559 --> 00:09:54,079 Speaker 1: Here you can watch endless product videos. You can hit 169 00:09:54,120 --> 00:09:58,000 Speaker 1: more info see more product information. So that's product name, 170 00:09:58,360 --> 00:10:02,480 Speaker 1: price description, photography fee. You hit add to cart and boom, 171 00:10:02,520 --> 00:10:05,880 Speaker 1: that item goes directly into Bose's cart. Now, the reason 172 00:10:05,880 --> 00:10:09,240 Speaker 1: why we brought this product to market is that when 173 00:10:09,559 --> 00:10:13,960 Speaker 1: environments like Instagram, Stories and Snap came out, partners were 174 00:10:14,000 --> 00:10:17,240 Speaker 1: just linking to their regular old product pages. They were 175 00:10:17,280 --> 00:10:22,720 Speaker 1: experiencing bounce rate. Why you're going from these highly engaging 176 00:10:22,800 --> 00:10:28,360 Speaker 1: vertical video content experiences to your boring static more often 177 00:10:28,360 --> 00:10:32,200 Speaker 1: than not not optimized for mobile product landing page. Let's 178 00:10:32,240 --> 00:10:36,720 Speaker 1: just throw a mic drop right in there, so listen, 179 00:10:36,800 --> 00:10:40,520 Speaker 1: in this ecosystem, there's obviously a lot of people that 180 00:10:40,559 --> 00:10:44,680 Speaker 1: are in this space. Every other company and thought leader 181 00:10:44,720 --> 00:10:46,880 Speaker 1: in this space has been focusing on what I call 182 00:10:47,520 --> 00:10:51,200 Speaker 1: the pre click pre swipe. So how do we optimize 183 00:10:51,240 --> 00:10:54,480 Speaker 1: everything that's happening and feed from content, from targeting, from 184 00:10:54,480 --> 00:10:59,040 Speaker 1: ad buying. All that's freaking meaningless if the other side 185 00:10:59,080 --> 00:11:04,280 Speaker 1: is broken totally. Yeah, I'm focusing on the other side, 186 00:11:04,480 --> 00:11:06,400 Speaker 1: and no one else really knows how to connect it. 187 00:11:06,920 --> 00:11:09,120 Speaker 1: What are some of the numbers you're seeing early days? 188 00:11:09,600 --> 00:11:12,800 Speaker 1: By minimizing the layers deep, I need to go from 189 00:11:12,840 --> 00:11:17,040 Speaker 1: that initial experience. Yep. So we've completely inverted the bounce right, 190 00:11:17,160 --> 00:11:21,280 Speaker 1: so most people experience bounce rate with mic maciel experience 191 00:11:21,360 --> 00:11:24,320 Speaker 1: ten wo Right, So let's pivots to the content space 192 00:11:24,640 --> 00:11:28,520 Speaker 1: because I think you had some great points around why 193 00:11:28,679 --> 00:11:32,000 Speaker 1: these dots need to be connected. So my business is 194 00:11:32,040 --> 00:11:34,320 Speaker 1: two parts. One is software service what we were just 195 00:11:34,360 --> 00:11:37,120 Speaker 1: talking about, and then the other part is creative services, 196 00:11:37,160 --> 00:11:41,240 Speaker 1: which we call micmac Studios. All of my software clients 197 00:11:41,480 --> 00:11:44,640 Speaker 1: touch micmac Studios in at least one way, which is 198 00:11:44,800 --> 00:11:48,680 Speaker 1: optimizing their own creative because if you give me ship creative, 199 00:11:49,240 --> 00:11:52,480 Speaker 1: you will get ship results. My software can't fix ship creative, 200 00:11:52,880 --> 00:11:55,720 Speaker 1: so we need to fix it before hello Hello. I 201 00:11:55,760 --> 00:11:59,880 Speaker 1: just want everyone to hear that my software can't fix 202 00:12:00,040 --> 00:12:02,520 Speaker 1: ship creative, so we have to fix it before it 203 00:12:02,559 --> 00:12:05,360 Speaker 1: goes into my software, so that will always happen, and 204 00:12:05,400 --> 00:12:08,880 Speaker 1: we build that into sort of our offering of my 205 00:12:08,920 --> 00:12:14,160 Speaker 1: clients use us for original creative. Why we've created thousands 206 00:12:14,160 --> 00:12:18,280 Speaker 1: of product videos. We've flighted millions of video views against them. 207 00:12:18,320 --> 00:12:21,199 Speaker 1: I can tell you what causes someone to hit by 208 00:12:21,240 --> 00:12:24,720 Speaker 1: within nearly every consumer package good stuff category. Can you 209 00:12:24,720 --> 00:12:28,640 Speaker 1: give us an example? Sure? So? Uh. One of my 210 00:12:28,679 --> 00:12:31,920 Speaker 1: brand partners is Dr Brands can Care, family owned can 211 00:12:31,920 --> 00:12:36,000 Speaker 1: Care company in Miami, doing very well and revenue. Also 212 00:12:36,040 --> 00:12:40,240 Speaker 1: available at Sephar and Alta. They have a product called Magnetite. 213 00:12:40,880 --> 00:12:43,760 Speaker 1: It's perfect for the world that we live in. So 214 00:12:44,240 --> 00:12:46,920 Speaker 1: it looks like a mud mask. The piece of creative 215 00:12:46,960 --> 00:12:49,440 Speaker 1: has two girls. They're each putting the mask on each 216 00:12:49,440 --> 00:12:51,880 Speaker 1: other and they're literally doing it for the first time. 217 00:12:52,360 --> 00:12:55,160 Speaker 1: So the reactions are completely genuine. And if you ever 218 00:12:55,240 --> 00:12:58,040 Speaker 1: put this mask on your face, starts to tingle immediately, 219 00:12:58,640 --> 00:13:00,200 Speaker 1: and you have to keep it on your face for 220 00:13:00,240 --> 00:13:02,440 Speaker 1: five minutes and then you remove it with a magnet 221 00:13:02,960 --> 00:13:06,200 Speaker 1: and you watch it come off. So you see the 222 00:13:06,480 --> 00:13:10,520 Speaker 1: entire transformation from beginning to end. And we did it 223 00:13:10,559 --> 00:13:12,720 Speaker 1: in five second video clip, ten second, thirty seconds, just 224 00:13:12,760 --> 00:13:17,040 Speaker 1: like different variations, and we have the genuine reactions. I 225 00:13:17,080 --> 00:13:18,880 Speaker 1: wish you guys would have done that in the studio today. 226 00:13:18,960 --> 00:13:22,280 Speaker 1: We could have done Instagram. I need good skincare dr 227 00:13:22,360 --> 00:13:26,200 Speaker 1: brand skin care. So there's a formula, and we know 228 00:13:26,320 --> 00:13:30,480 Speaker 1: exactly what needs to happen within the first quartile, second quartile, 229 00:13:30,679 --> 00:13:33,640 Speaker 1: third and fourth and we do it over and over 230 00:13:33,679 --> 00:13:36,200 Speaker 1: and over again. It's why I quit my job at 231 00:13:36,200 --> 00:13:39,160 Speaker 1: Gap and fell in love with the infomercial industry. There's 232 00:13:39,200 --> 00:13:42,160 Speaker 1: a freaking formula. There are a few people who really 233 00:13:42,280 --> 00:13:45,560 Speaker 1: understand that content truly is the sticky to brand product 234 00:13:45,679 --> 00:13:50,840 Speaker 1: or purchase, except Jeff Bezos right early on totally understood. 235 00:13:50,960 --> 00:13:53,640 Speaker 1: Now I still hear marketers saying, we have to do 236 00:13:53,720 --> 00:13:56,120 Speaker 1: great content. We have to do great content, but there 237 00:13:56,200 --> 00:13:59,280 Speaker 1: is no connection between that content and the bottom line. 238 00:13:59,679 --> 00:14:03,120 Speaker 1: Why when you talk to a marketer, what is the disconnect? 239 00:14:03,480 --> 00:14:07,840 Speaker 1: Why is that equation still so hard to create and 240 00:14:07,880 --> 00:14:12,280 Speaker 1: to also kind of like operationalize in a marketing team. 241 00:14:12,320 --> 00:14:16,160 Speaker 1: So when I was at Gap, the marketing leadership team 242 00:14:16,480 --> 00:14:19,840 Speaker 1: like never cared about direct response creative. They didn't even 243 00:14:19,920 --> 00:14:22,920 Speaker 1: see it, but that was what was driving the bottom line. 244 00:14:23,280 --> 00:14:26,560 Speaker 1: You want to know, it's completely changed that the mobile phone. 245 00:14:26,800 --> 00:14:29,880 Speaker 1: So if you just think about Facebook feed, Facebook is 246 00:14:29,920 --> 00:14:34,280 Speaker 1: now said to the world, Hey, the future of brand 247 00:14:34,280 --> 00:14:37,640 Speaker 1: marketing is direct response marketing. You will see a bud 248 00:14:37,720 --> 00:14:43,440 Speaker 1: Light Super Bowl spot next to Electric Razor for fifty 249 00:14:43,920 --> 00:14:48,400 Speaker 1: off video in the same feed. So, d your marketing 250 00:14:48,800 --> 00:14:52,720 Speaker 1: now is brand marketing before a CMO it Can you 251 00:14:52,760 --> 00:14:56,560 Speaker 1: go back repeat that? So the mobile feed has collapsed 252 00:14:56,600 --> 00:15:01,000 Speaker 1: the marketing funnel because you will have a I'm pumping. 253 00:15:01,320 --> 00:15:03,640 Speaker 1: I'm like, I'm looking at Rachel right now and literally 254 00:15:03,720 --> 00:15:06,560 Speaker 1: pumping my fist. Yeah, if everyone would open up their 255 00:15:06,600 --> 00:15:09,720 Speaker 1: Facebook app right now, you would see a beautiful piece 256 00:15:09,760 --> 00:15:12,960 Speaker 1: of creative produced by Widen and Kennedy, your Droga five 257 00:15:13,400 --> 00:15:17,200 Speaker 1: and it's gorgeous, don't get me wrong, next to a 258 00:15:17,360 --> 00:15:22,560 Speaker 1: really shitty Razor ad or Mattress Company ad yep. Fifteen 259 00:15:22,600 --> 00:15:25,920 Speaker 1: years ago. That would have never happened in media. The 260 00:15:26,000 --> 00:15:29,440 Speaker 1: Drug of five creative would be in premium television or 261 00:15:29,480 --> 00:15:34,000 Speaker 1: an aspirational magazine, and that Mattress would be in the 262 00:15:34,040 --> 00:15:36,800 Speaker 1: back of the village voice. Right, it's all in one 263 00:15:36,800 --> 00:15:39,880 Speaker 1: place now, no one gives a fuck, and cmos have 264 00:15:39,920 --> 00:15:42,600 Speaker 1: to start not giving a fuck, and well they actually 265 00:15:42,600 --> 00:15:45,840 Speaker 1: have to give a fucking fight harder and understand. Not 266 00:15:46,000 --> 00:15:50,680 Speaker 1: only has the funnel collapsed, it's gotten narrower. Right, So 267 00:15:50,720 --> 00:15:54,120 Speaker 1: the path from one place to the next is so 268 00:15:54,200 --> 00:15:57,320 Speaker 1: much faster, and what you've done is accelerated it even 269 00:15:57,480 --> 00:16:00,000 Speaker 1: more so, Can I ask a question reach on the 270 00:16:00,240 --> 00:16:04,040 Speaker 1: super fascinating because you know there's still this fork in 271 00:16:04,080 --> 00:16:06,520 Speaker 1: the road in terms of brands who are still very 272 00:16:06,560 --> 00:16:09,320 Speaker 1: focused on brand building and then others that are obviously 273 00:16:09,480 --> 00:16:11,920 Speaker 1: gone the way of performance markets and depending on what 274 00:16:12,000 --> 00:16:15,040 Speaker 1: category and you're which probably leans more towards the ladder. 275 00:16:15,720 --> 00:16:19,760 Speaker 1: But are there brands who are talking you saying, since 276 00:16:19,800 --> 00:16:24,160 Speaker 1: this whole funnel has collapsed, what attributes are best practices 277 00:16:24,280 --> 00:16:28,200 Speaker 1: can we take from those product videos? Presumably things that 278 00:16:28,280 --> 00:16:31,400 Speaker 1: get people to click faster, knowing attention spans are shrinking 279 00:16:31,440 --> 00:16:34,120 Speaker 1: and feeds are moving faster, and all those sorts of things, 280 00:16:34,880 --> 00:16:36,800 Speaker 1: so that we can, in the first three seconds of 281 00:16:36,800 --> 00:16:40,760 Speaker 1: a brand video, for example, start to drop more explicit 282 00:16:40,840 --> 00:16:44,760 Speaker 1: direct hits on what that messaging. Maybe maybe I'm not 283 00:16:44,800 --> 00:16:47,560 Speaker 1: necessarily selling a product, but a director response or behavior 284 00:16:47,600 --> 00:16:49,880 Speaker 1: we want to elicit based on some of the best 285 00:16:49,880 --> 00:16:53,880 Speaker 1: practices you've learned from e commerce. Does that make sense? Yeah? Totally. Listen. 286 00:16:53,880 --> 00:16:58,360 Speaker 1: When you work with Micmac as a software client, our 287 00:16:58,400 --> 00:17:00,520 Speaker 1: first kickoff call, I'm like, I'm giving keeps to the 288 00:17:00,560 --> 00:17:03,240 Speaker 1: castle like literally, you can go fire your creative agency 289 00:17:03,280 --> 00:17:05,320 Speaker 1: now because I'm telling you exactly what you should be doing, 290 00:17:06,359 --> 00:17:09,560 Speaker 1: and it's highly applicable. And I'll say it here like 291 00:17:09,760 --> 00:17:12,320 Speaker 1: here is free knowledge. Go tell me if I'm wrong. 292 00:17:12,359 --> 00:17:14,399 Speaker 1: I encourage you to go produce videos this way and 293 00:17:14,400 --> 00:17:18,160 Speaker 1: tell me if I'm wrong. So first and foremost, and 294 00:17:18,240 --> 00:17:20,760 Speaker 1: it's again the reason why I quit my job at GAP. 295 00:17:21,080 --> 00:17:25,000 Speaker 1: It's what psychologists call a para social relationship. When you 296 00:17:25,040 --> 00:17:29,960 Speaker 1: have a host like flow from Progressive, you begin to 297 00:17:30,040 --> 00:17:33,879 Speaker 1: build an emotional connection with that person through repetition, and 298 00:17:33,960 --> 00:17:36,639 Speaker 1: psychologists call it a pair of social relationship because you 299 00:17:36,800 --> 00:17:38,960 Speaker 1: the viewer, believe that I the host of your friend, 300 00:17:39,119 --> 00:17:40,840 Speaker 1: and when you buy from me, you get the same 301 00:17:40,880 --> 00:17:45,280 Speaker 1: emotional benefit as friendship. So put a freaking human in 302 00:17:45,359 --> 00:17:49,960 Speaker 1: your video and do it often through repetition, and you 303 00:17:50,000 --> 00:17:54,800 Speaker 1: will begin to build that brand friendship relationship with the viewer. 304 00:17:55,040 --> 00:17:59,040 Speaker 1: That's one two In the first three seconds, put the 305 00:17:59,080 --> 00:18:04,120 Speaker 1: product in full view. You wouldn't believe how many creative 306 00:18:04,119 --> 00:18:07,600 Speaker 1: assets come across micmac where it takes seven to fifteen 307 00:18:07,600 --> 00:18:10,800 Speaker 1: seconds to see the product. We live in a world 308 00:18:10,800 --> 00:18:13,399 Speaker 1: where most people don't even watch the first three seconds 309 00:18:13,400 --> 00:18:20,199 Speaker 1: of a video, right. And then lastly, color and optimism. 310 00:18:20,240 --> 00:18:22,480 Speaker 1: If you put black and white creative out and do 311 00:18:22,520 --> 00:18:24,760 Speaker 1: an A B test against color creative, I promise you 312 00:18:24,800 --> 00:18:28,440 Speaker 1: color creative is going to perform better. That's really interesting. 313 00:18:28,800 --> 00:18:31,879 Speaker 1: I mean those three simple things, those three simple things. 314 00:18:33,000 --> 00:18:35,480 Speaker 1: So you said something that I wrote down earlier that 315 00:18:35,560 --> 00:18:39,359 Speaker 1: I wanted to ask you because I'm obsessed Mic mac 316 00:18:39,359 --> 00:18:44,199 Speaker 1: in audio because when you talk about what what did 317 00:18:44,240 --> 00:18:47,680 Speaker 1: you call it? Par I mean, this is the definition 318 00:18:47,680 --> 00:18:51,680 Speaker 1: of it. It is in you heard you do the commercials. Yeah, 319 00:18:52,000 --> 00:18:54,560 Speaker 1: you're the para social relationship. Why aren't we doing this 320 00:18:54,640 --> 00:18:58,119 Speaker 1: with you? I know, listen, we're talking to my My 321 00:18:58,200 --> 00:19:01,040 Speaker 1: biggest investor is and you know this is Gary Bannerchuk. 322 00:19:01,200 --> 00:19:06,160 Speaker 1: Oh well he's going hard into audio hard Why because 323 00:19:06,320 --> 00:19:08,639 Speaker 1: right now, and I'm not saying what you guys do 324 00:19:08,760 --> 00:19:13,919 Speaker 1: is easy, but there's very little competition. Right. So, investing 325 00:19:13,920 --> 00:19:16,240 Speaker 1: in audio right now, you're getting in on the ground 326 00:19:16,440 --> 00:19:19,560 Speaker 1: floor and you're going to get someone to listen for 327 00:19:19,560 --> 00:19:22,280 Speaker 1: forty minutes because the average US commune is forty minutes, 328 00:19:23,400 --> 00:19:25,680 Speaker 1: and you're going to build such a deep emotional connection 329 00:19:25,680 --> 00:19:27,560 Speaker 1: with your audience. You already doing it. Are you doing it. 330 00:19:27,760 --> 00:19:31,480 Speaker 1: We're all doing it, so I mean I should advertise 331 00:19:31,480 --> 00:19:36,439 Speaker 1: on this show. But but I'm talking about Mac, so 332 00:19:36,560 --> 00:19:39,760 Speaker 1: micmac attached should be an audio I know. So. In fact, 333 00:19:39,880 --> 00:19:42,240 Speaker 1: we were just on a panel with a guy who 334 00:19:42,280 --> 00:19:44,240 Speaker 1: has a you need to look this up, who has 335 00:19:44,280 --> 00:19:47,960 Speaker 1: a company called Instraumatic. I mean he's basically doing clickable 336 00:19:48,000 --> 00:19:53,880 Speaker 1: audio ads. Yes, Mac, Micmac should be going hard. He's 337 00:19:53,880 --> 00:19:55,960 Speaker 1: a cool guy. Stass. I'm sorry, but I just found 338 00:19:56,000 --> 00:19:59,919 Speaker 1: your competition. But that's where you should. I mean, like, 339 00:20:00,040 --> 00:20:04,159 Speaker 1: because no one's actually figured out how to take the 340 00:20:04,600 --> 00:20:06,720 Speaker 1: forget let's just call it live reads right now, just 341 00:20:06,880 --> 00:20:09,159 Speaker 1: live reads, because there's a lot of cool creative spaces 342 00:20:09,200 --> 00:20:11,240 Speaker 1: that we can do with host reads, and lots of 343 00:20:11,280 --> 00:20:13,919 Speaker 1: cool content and audio. But the fact that there is 344 00:20:14,000 --> 00:20:17,560 Speaker 1: no clickable and you people are listening on their mobile 345 00:20:17,600 --> 00:20:20,720 Speaker 1: phone for the most part until we get like everyone 346 00:20:20,800 --> 00:20:24,960 Speaker 1: listening in their car without their phone. But I'd also 347 00:20:25,080 --> 00:20:26,840 Speaker 1: love to know in this in the same sort of 348 00:20:26,880 --> 00:20:29,760 Speaker 1: behavior you're figuring out from visual cues right you talked, 349 00:20:29,800 --> 00:20:33,479 Speaker 1: what are the audio right exactly? What are sort of 350 00:20:33,480 --> 00:20:37,960 Speaker 1: those key triggers or pneumonics or phrases or you know, 351 00:20:38,000 --> 00:20:39,880 Speaker 1: there are certain things that Alex and I are are 352 00:20:39,960 --> 00:20:42,399 Speaker 1: building equity and around things that we'll do in a 353 00:20:42,400 --> 00:20:45,040 Speaker 1: few minutes, like our favorite Killed by d I Y. 354 00:20:45,040 --> 00:20:48,440 Speaker 1: Where when people start identifying with those things, what would 355 00:20:48,480 --> 00:20:52,399 Speaker 1: you call ax audio identity or language identity that people 356 00:20:52,720 --> 00:20:56,040 Speaker 1: you know have synonymous with the show. So yeah, it's 357 00:20:56,080 --> 00:20:58,480 Speaker 1: super interesting. Wait can we build this with you? I 358 00:20:58,520 --> 00:21:02,119 Speaker 1: want to build BECA. We tested our show. We pilot 359 00:21:02,119 --> 00:21:04,760 Speaker 1: the Dead series. We're going to pilot this because I 360 00:21:04,800 --> 00:21:09,000 Speaker 1: also would love to know because well, Apple podcasts only 361 00:21:09,119 --> 00:21:13,080 Speaker 1: gives do you know this like virtual purchases. Well no, no, no, 362 00:21:13,119 --> 00:21:17,520 Speaker 1: but they only give podcast networks and podcast hosts. You 363 00:21:17,640 --> 00:21:20,880 Speaker 1: only know certain amount of information. They hold back all 364 00:21:20,920 --> 00:21:23,480 Speaker 1: the data. Now they're going to be releasing more data 365 00:21:23,560 --> 00:21:26,359 Speaker 1: this fall, but it's still like not not what you need. 366 00:21:26,920 --> 00:21:32,440 Speaker 1: If you had your software in this space, we could 367 00:21:32,480 --> 00:21:37,679 Speaker 1: start looking at not just download times and understanding like 368 00:21:37,800 --> 00:21:41,520 Speaker 1: day parts. We could start actually dissecting content and understanding 369 00:21:41,560 --> 00:21:44,879 Speaker 1: audiences in a totally different way in the actual content, 370 00:21:45,200 --> 00:21:53,359 Speaker 1: not just the ad content well husiastic writing. I'm bringing 371 00:21:53,400 --> 00:21:55,960 Speaker 1: up we launched a new product today in data with 372 00:21:56,000 --> 00:21:58,560 Speaker 1: one of our clients that would be right for you 373 00:21:58,600 --> 00:22:01,240 Speaker 1: guys in this next So while we keep talking, I'll 374 00:22:01,240 --> 00:22:03,480 Speaker 1: pull it up. So, Yeah, the one thing, and I 375 00:22:03,480 --> 00:22:05,400 Speaker 1: think it's really important because Alex and I have been 376 00:22:05,440 --> 00:22:09,640 Speaker 1: on a crusade to basically, you know, kind of make 377 00:22:09,680 --> 00:22:13,520 Speaker 1: sure this industry does not bastardize um audio in the 378 00:22:13,560 --> 00:22:16,040 Speaker 1: same way we have digital in terms of display banner 379 00:22:16,119 --> 00:22:19,000 Speaker 1: with host reads and sort of prerecorded reads and kind 380 00:22:19,040 --> 00:22:21,600 Speaker 1: of explaining that the contextual nature, as you alluded to, 381 00:22:22,040 --> 00:22:25,400 Speaker 1: you know earlier, Reachil we're building equity, right, we're building relationships, 382 00:22:25,520 --> 00:22:28,880 Speaker 1: is very intimate in your ears environment, and for us, 383 00:22:29,160 --> 00:22:33,400 Speaker 1: we are adamant that preserving the integrity of that creative 384 00:22:33,400 --> 00:22:37,560 Speaker 1: and that context is more important than stuffing it with 385 00:22:37,720 --> 00:22:41,920 Speaker 1: prerecorded ads that become the sort of automated algorithm UM 386 00:22:41,960 --> 00:22:45,160 Speaker 1: that we've kind of you know, fallen behold into within digital. 387 00:22:45,280 --> 00:22:48,880 Speaker 1: So if we're able to prove that out, um, it's 388 00:22:48,920 --> 00:22:51,640 Speaker 1: something I would totally be interested in doing. So we 389 00:22:51,800 --> 00:22:54,720 Speaker 1: created this product called attach rate. You'll swipe up, you'll 390 00:22:54,760 --> 00:22:57,440 Speaker 1: be brought into this new layer. You can see endless 391 00:22:57,440 --> 00:22:59,920 Speaker 1: amount of product videos, but there's this little rotund of 392 00:23:00,040 --> 00:23:03,040 Speaker 1: call to actions. So right now I'm watching a skincare 393 00:23:03,119 --> 00:23:05,639 Speaker 1: video and there's a call to action that says I 394 00:23:05,800 --> 00:23:08,760 Speaker 1: try this, I can indicate between one or five stars. 395 00:23:08,760 --> 00:23:14,040 Speaker 1: If I would boom five stars, next one on her 396 00:23:14,080 --> 00:23:17,240 Speaker 1: skin is goals two stars. All of a sudden, a 397 00:23:17,320 --> 00:23:20,520 Speaker 1: brand is collecting all this first party data around people's 398 00:23:20,520 --> 00:23:23,640 Speaker 1: emotional reactions, just like it's a little mobile game if 399 00:23:23,640 --> 00:23:26,439 Speaker 1: you're highly engaged. You just saw before I served an 400 00:23:26,480 --> 00:23:30,119 Speaker 1: email capture unit where you can unlock a deal. Or 401 00:23:30,240 --> 00:23:33,639 Speaker 1: while all this is happening, I'm generating new audiences. So 402 00:23:33,680 --> 00:23:35,960 Speaker 1: if someone said I try this, they go into a 403 00:23:35,960 --> 00:23:40,720 Speaker 1: cookie pool that we provide to our audience to go retarget. 404 00:23:40,160 --> 00:23:43,480 Speaker 1: So that's just one of the SIXT can break down 405 00:23:43,560 --> 00:23:48,200 Speaker 1: content so that exactly so people are listening and I 406 00:23:48,240 --> 00:23:52,159 Speaker 1: was talking about, you know DRS new brand marketing, we 407 00:23:52,200 --> 00:23:54,240 Speaker 1: can be collecting all that first party data for you. 408 00:23:55,080 --> 00:23:57,760 Speaker 1: I love that. Or we can also say do you 409 00:23:57,800 --> 00:24:00,200 Speaker 1: have a question for Alexa and Laura or Ray each 410 00:24:00,200 --> 00:24:03,520 Speaker 1: all around Why d R is right, Why DR is 411 00:24:03,560 --> 00:24:06,679 Speaker 1: coming back for me? Interactivity is the new form of 412 00:24:06,720 --> 00:24:10,440 Speaker 1: creativity with all of the short form. I actually think 413 00:24:10,480 --> 00:24:13,639 Speaker 1: that d R in this capacity that you're showing us 414 00:24:13,640 --> 00:24:17,120 Speaker 1: and talking about is actually going to upend and gut marketing. 415 00:24:17,400 --> 00:24:20,640 Speaker 1: If you look at any early stage startup or any 416 00:24:20,680 --> 00:24:23,480 Speaker 1: of the darling companies that everyone talks about, their first 417 00:24:23,520 --> 00:24:29,199 Speaker 1: marketing higher is a performance marketer. And the powers that be, 418 00:24:29,359 --> 00:24:31,840 Speaker 1: the four companies that control the internet slash the world, 419 00:24:32,760 --> 00:24:35,719 Speaker 1: also don't want us to be able to do that 420 00:24:35,760 --> 00:24:37,879 Speaker 1: because this is how they profit. That's right. Like the 421 00:24:37,920 --> 00:24:39,400 Speaker 1: biggest I don't know if you guys have talked about 422 00:24:39,400 --> 00:24:41,200 Speaker 1: this on the show or how deep you get into 423 00:24:41,200 --> 00:24:44,240 Speaker 1: at tech, but the scariest thing right now that's happening 424 00:24:44,280 --> 00:24:46,840 Speaker 1: in attack that very few people are talking about is 425 00:24:46,840 --> 00:24:50,080 Speaker 1: the fact that Apple is going to be preventing third 426 00:24:50,080 --> 00:24:55,760 Speaker 1: party cookies within Safari. The entire attack industry is based 427 00:24:55,800 --> 00:24:59,600 Speaker 1: on the ability to cookie people, right, That's right. So 428 00:24:59,720 --> 00:25:02,600 Speaker 1: if we have not talked about that, but they take 429 00:25:02,640 --> 00:25:06,879 Speaker 1: that away, billions of dollars of companies are at stake 430 00:25:07,000 --> 00:25:08,880 Speaker 1: and we're all going to probably have to be paying 431 00:25:08,920 --> 00:25:11,199 Speaker 1: Apple to do that. Well, that's the whole point, and 432 00:25:11,240 --> 00:25:13,520 Speaker 1: that that's what I'm talking about. But I think they're 433 00:25:13,560 --> 00:25:15,760 Speaker 1: going that way with content. I think they're going that 434 00:25:15,800 --> 00:25:19,440 Speaker 1: way with a right content like visual content, audio, all 435 00:25:19,480 --> 00:25:22,840 Speaker 1: of that they're starting to pull they're starting to pull back. 436 00:25:22,840 --> 00:25:24,320 Speaker 1: So what does that mean. I think we gotta go 437 00:25:24,320 --> 00:25:26,720 Speaker 1: build our own pipes. Yeah, I mean I listened to 438 00:25:26,760 --> 00:25:28,920 Speaker 1: I listened to your Bendet's episode, and that's what he said, 439 00:25:29,240 --> 00:25:30,680 Speaker 1: right in terms of d I Y, He's like, I 440 00:25:30,720 --> 00:25:33,600 Speaker 1: want to build my own pipes. Yeah, you have to. Yeah, 441 00:25:33,800 --> 00:25:37,919 Speaker 1: I agree. Curious to know the Rachel typograph Nick mac 442 00:25:38,040 --> 00:25:40,520 Speaker 1: prediction for what we'll be seeing in terms of e 443 00:25:40,640 --> 00:25:47,520 Speaker 1: commerce holiday shopping this year. Yeah. I think that a 444 00:25:47,600 --> 00:25:52,160 Speaker 1: lot of marketers have done a good amount of experimentation 445 00:25:52,280 --> 00:25:56,320 Speaker 1: across the different social platforms and that they're going to 446 00:25:56,400 --> 00:25:58,880 Speaker 1: say during the holiday season, we can't take a risk 447 00:25:58,920 --> 00:26:01,359 Speaker 1: with our media, and they're going to go all in 448 00:26:01,640 --> 00:26:05,320 Speaker 1: on Facebook and Instagram, and the CPMs are gonna be 449 00:26:05,400 --> 00:26:10,040 Speaker 1: as high as they've ever been before. I think that's 450 00:26:10,040 --> 00:26:13,160 Speaker 1: going to be really interesting because that's where you are 451 00:26:13,160 --> 00:26:15,080 Speaker 1: going to see conversion. That's what people care about in 452 00:26:15,119 --> 00:26:18,399 Speaker 1: the holiday season. But because everyone's going to go all in, 453 00:26:18,840 --> 00:26:21,440 Speaker 1: the prices are going to be insane. So I would say, 454 00:26:21,480 --> 00:26:25,719 Speaker 1: by Facebook stuff now, because it's about to shoot shoot 455 00:26:25,800 --> 00:26:28,399 Speaker 1: like crazy, and you saw what happened yesterday with Snap. 456 00:26:28,600 --> 00:26:31,840 Speaker 1: I mean it's very just but twelve percent of them 457 00:26:32,040 --> 00:26:37,920 Speaker 1: because it's cheap. That's the other really interesting thing that 458 00:26:38,040 --> 00:26:40,919 Speaker 1: I have found actually is that because people are so 459 00:26:41,000 --> 00:26:44,720 Speaker 1: highly accountable for driving results and cute four, there's not 460 00:26:44,760 --> 00:26:48,760 Speaker 1: a large appetite for experimentation. So I actually don't feel 461 00:26:48,800 --> 00:26:50,560 Speaker 1: like people are going to be really inventive. I think 462 00:26:50,560 --> 00:26:53,960 Speaker 1: they'll be inventive with experiential marketing, but not in digital marketing. 463 00:26:54,240 --> 00:26:57,359 Speaker 1: And what are your thoughts in terms of DTC, you know, 464 00:26:58,000 --> 00:27:02,760 Speaker 1: online specific companies and how they're strategizing against some of 465 00:27:02,760 --> 00:27:06,760 Speaker 1: the big box retailers, which obviously come with multiple commas 466 00:27:06,840 --> 00:27:10,360 Speaker 1: and zeros during the holiday season in terms of does 467 00:27:10,400 --> 00:27:14,440 Speaker 1: that really matter anymore or do you see that volume 468 00:27:15,000 --> 00:27:19,440 Speaker 1: still by and large drives the bulk of conversion as 469 00:27:19,480 --> 00:27:23,200 Speaker 1: opposed to a smart content strategy for example, It's a 470 00:27:23,240 --> 00:27:27,320 Speaker 1: good question. Yeah, I think UM, the big box players, 471 00:27:27,880 --> 00:27:32,879 Speaker 1: the strategy is scale. It's encouraging people to increase increase 472 00:27:32,920 --> 00:27:36,320 Speaker 1: that average order value UM by offering them deals to 473 00:27:36,320 --> 00:27:39,320 Speaker 1: increase basket size and offer free shipping or click and collect. 474 00:27:39,680 --> 00:27:43,359 Speaker 1: I think with direct to consumer because they're competing for 475 00:27:43,359 --> 00:27:46,199 Speaker 1: the same attention, what they need to do and what 476 00:27:46,280 --> 00:27:48,120 Speaker 1: we continue to see people to do is that they 477 00:27:48,119 --> 00:27:49,680 Speaker 1: have to band together. So I think you're going to 478 00:27:49,760 --> 00:27:54,040 Speaker 1: see a lot of collaborations interesting where people then actually 479 00:27:54,119 --> 00:27:57,280 Speaker 1: are like putting. So I'm not saying I know this, 480 00:27:58,040 --> 00:28:01,000 Speaker 1: but let's just say direct to consumer and a has 481 00:28:01,040 --> 00:28:04,240 Speaker 1: a pixel, they have a like minded brand and maybe 482 00:28:04,240 --> 00:28:08,640 Speaker 1: a different category and sluggage and fitness, right, they exchange pixels. 483 00:28:08,840 --> 00:28:11,080 Speaker 1: They go and retarget each other's audiences. They do a 484 00:28:11,080 --> 00:28:14,960 Speaker 1: product collaboration, They do sweepstakes. Like if you're doing anywhere 485 00:28:15,080 --> 00:28:19,080 Speaker 1: between one and fifty million dollars in revenue, go find 486 00:28:19,119 --> 00:28:21,560 Speaker 1: other companies that are doing one to fifty million dollars 487 00:28:21,560 --> 00:28:24,240 Speaker 1: in revenue with a like minded audience, create a product 488 00:28:24,240 --> 00:28:30,200 Speaker 1: bundle and go remarke it to them together. No, I ah, Rachel, 489 00:28:30,359 --> 00:28:34,480 Speaker 1: so good? All right, so we're here. Kill by d 490 00:28:34,560 --> 00:28:36,240 Speaker 1: I y. It can be in the retail space, but 491 00:28:36,240 --> 00:28:38,400 Speaker 1: it doesn't have to be. Yeah, what would you kill? 492 00:28:38,440 --> 00:28:41,160 Speaker 1: What would you buy? What would you do yourself? I 493 00:28:41,200 --> 00:28:45,760 Speaker 1: would kill the industry standard of last click attribution, Yes, 494 00:28:48,880 --> 00:28:55,520 Speaker 1: And I would buy the universal shopping cart? And I 495 00:28:55,520 --> 00:28:59,680 Speaker 1: would what does that look like? What's universal shopping cart? 496 00:28:59,800 --> 00:29:03,800 Speaker 1: I'm mean right now, if I would buy Apple pay 497 00:29:03,920 --> 00:29:06,560 Speaker 1: or I would buy PayPal, or I buy Shopify, or 498 00:29:06,560 --> 00:29:11,480 Speaker 1: I buy Amazon exactly and d I y, I would 499 00:29:11,560 --> 00:29:15,800 Speaker 1: launch my own skin CareLine. Oh, I don't know what's 500 00:29:15,800 --> 00:29:18,640 Speaker 1: the first product. I see you with Glossier as some 501 00:29:18,720 --> 00:29:21,920 Speaker 1: kind of like board member or something. The reason why 502 00:29:21,960 --> 00:29:24,719 Speaker 1: I say that is that everything that we've done at 503 00:29:24,760 --> 00:29:27,760 Speaker 1: mic mac, I know the exact type of product that 504 00:29:27,880 --> 00:29:31,480 Speaker 1: sells in this format, and I can absolutely launch a 505 00:29:31,600 --> 00:29:35,120 Speaker 1: direct to consumer social video consumer product brand knowing what 506 00:29:35,280 --> 00:29:40,080 Speaker 1: me know, what's your first product? Uh, it'll probably be 507 00:29:40,120 --> 00:29:43,200 Speaker 1: a product that removes oil from your skin and trying 508 00:29:43,240 --> 00:29:44,840 Speaker 1: to come up with a clever name for it. But 509 00:29:45,280 --> 00:29:54,880 Speaker 1: we already have one. Um Rachel typograph amazing conversation. Where 510 00:29:54,920 --> 00:29:57,680 Speaker 1: can people reach you for these free audio pilots that 511 00:29:57,680 --> 00:30:01,720 Speaker 1: we're gonna be doing. My email is Rachel at micmac, 512 00:30:01,840 --> 00:30:05,640 Speaker 1: dot tv, AM k M A k M I k 513 00:30:06,120 --> 00:30:08,520 Speaker 1: M A k dot TV and one plug. If you 514 00:30:08,680 --> 00:30:15,080 Speaker 1: have the opportunity to go here, Rachel speak Yes, brilliant, brilliant, 515 00:30:15,280 --> 00:30:18,280 Speaker 1: Thanks Rachel, Rachel, I'll have a good thank you thanks. 516 00:30:23,960 --> 00:30:27,000 Speaker 1: Episode twenty in the books. It's in the books. I'm 517 00:30:27,000 --> 00:30:29,000 Speaker 1: getting really excited for the holidays. I've got to think 518 00:30:29,000 --> 00:30:30,720 Speaker 1: about what I want to buy you. Now it's your 519 00:30:30,760 --> 00:30:33,680 Speaker 1: birthday and it's my birthday. First of all, I suck 520 00:30:33,880 --> 00:30:37,280 Speaker 1: at buying presents, and I have been doing over what 521 00:30:37,400 --> 00:30:40,360 Speaker 1: to get you for like weeks, and I get to 522 00:30:40,400 --> 00:30:42,360 Speaker 1: a point where I just get annoyed and I'm like, 523 00:30:42,640 --> 00:30:44,680 Speaker 1: I should just ask her, So what do you want? 524 00:30:44,800 --> 00:30:46,520 Speaker 1: What do you want for your birthday? I think I'll 525 00:30:46,520 --> 00:30:48,920 Speaker 1: make you a pinterest sport. My birthday is November thirty, 526 00:30:49,040 --> 00:30:50,600 Speaker 1: so we have a little bit of fun. It's too 527 00:30:50,680 --> 00:30:53,480 Speaker 1: much effort. I'm also thinking about doing a fundraiser for 528 00:30:53,560 --> 00:30:55,360 Speaker 1: my birthday. This is a new thing I've been seeing 529 00:30:55,360 --> 00:30:58,560 Speaker 1: people do on Facebook where they're donating to a cause 530 00:30:58,600 --> 00:31:02,200 Speaker 1: for their birthday. So I'm thinking about starting something like that. 531 00:31:02,280 --> 00:31:04,640 Speaker 1: So maybe it's something we can share with Atlandia. Okay, 532 00:31:04,680 --> 00:31:08,720 Speaker 1: I love that idea. UM. So on that note, Laura's 533 00:31:08,720 --> 00:31:11,560 Speaker 1: birthdays coming up at Landia, which are a happy birthday? 534 00:31:11,600 --> 00:31:18,000 Speaker 1: What is it? Um? Thank you Cameron Drew's we Love You, 535 00:31:18,080 --> 00:31:21,280 Speaker 1: Cameron Drew's we Love You Cameron not turk, Andy Bowers, 536 00:31:21,320 --> 00:31:24,520 Speaker 1: all of our friends and family epanically and Atlantia keep 537 00:31:24,520 --> 00:31:28,680 Speaker 1: talking to us. We're getting awesome. Emails, lots of great tweets. Yes, 538 00:31:28,800 --> 00:31:31,160 Speaker 1: we love the emails. We've been getting awesome ones from 539 00:31:31,200 --> 00:31:33,480 Speaker 1: a lot of college graduates, people looking for their first 540 00:31:33,560 --> 00:31:36,440 Speaker 1: job or their next job. Keep hollering at us at 541 00:31:36,480 --> 00:31:38,720 Speaker 1: Landia Podcast at gmail, or you can find us on 542 00:31:38,760 --> 00:31:42,400 Speaker 1: Twitter out Atlantia Podcast. We're totally opening to connecting the 543 00:31:42,440 --> 00:31:45,800 Speaker 1: dots for our listeners. Thanks for following, and we'll be 544 00:31:45,840 --> 00:31:55,000 Speaker 1: back in two weeks. M Full disclosure, our opinions, our 545 00:31:55,000 --> 00:31:55,240 Speaker 1: own