Latest / Omni Talk Retail / How Uncommon Goods Has Survived—and Thrived—for 26 Years | CEO Dave Bolotsky at Shoptalk 2025
Transcript
- 0:00Hello,
- 0:00everyone.
- 0:01Welcome
- 0:01back.
- 0:01This
- 0:02is
- 0:02Omnitalk
- 0:02Retail.
- 0:03I'm
- 0:03Anne
- 0:03Mazinga.
- 0:04And
- 0:04I'm
- 0:04Chris
- 0:04Walton.
- 0:05And
- 0:05we
- 0:05are
- 0:05coming
- 0:05to
- 0:05you
- 0:06live
- 0:06from
- 0:07Shop
- 0:07Talk
- 0:07from
- 0:08the
- 0:08avalara
- 0:08booth,
- 0:09number
- 0:091554.
- 0:11We
- 0:11will
- 0:11be
- 0:11here
- 0:11all
- 0:12day
- 0:12today,
- 0:12so
- 0:13come
- 0:13stop
- 0:13by
- 0:13and
- 0:14say
- 0:14hello.
- 0:15And
- 0:16now,
- 0:16Chris,
- 0:16we
- 0:17have
- 0:17the
- 0:17chance
- 0:18to
- 0:18interview
- 0:19the
- 0:19CEO
- 0:20of
- 0:20Uncommon
- 0:21Goods,
- 0:22Dave
- 0:22Bolotsky.
- 0:23Dave,
- 0:24happy
- 0:24first
- 0:24day
- 0:24of
- 0:24Shop
- 0:25Talk
- 0:25and
- 0:26welcome
- 0:26to
- 0:26omnitalk.
- 0:27Thank
- 0:28you.
- 0:28And
- 0:28thanks
- 0:28for
- 0:28having
- 0:29me.
- 0:29We're
- 0:29excited.
- 0:30Yeah.
- 0:30So,
- 0:30Dave,
- 0:31start
- 0:31off
- 0:31with
- 0:31your
- 0:31background
- 0:32a
- 0:32little
- 0:32bit.
- 0:32Like
- 0:32I
- 0:32was
- 0:32in
- 0:33doing
- 0:33the
- 0:33research,
- 0:33I
- 0:34was
- 0:34like,
- 0:34I
- 0:34was,
- 0:34you
- 0:34know,
- 0:35I'm
- 0:35familiar
- 0:35with
- 0:35Uncommon
- 0:36Goods,
- 0:36but
- 0:36I
- 0:36was
- 0:36like,
- 0:36wow,
- 0:36you
- 0:36guys
- 0:37have
- 0:37been
- 0:37around
- 0:37for
- 0:3725
- 0:38years,
- 0:38give
- 0:38or
- 0:38take,
- 0:38right?
- 0:3926.
- 0:3926,
- 0:40technically.
- 0:40Right,
- 0:41yeah.
- 0:41So
- 0:41tell
- 0:42us
- 0:42about
- 0:42it.
- 0:43So
- 0:44prior
- 0:45to
- 0:45starting
- 0:45Uncommon
- 0:46goods,
- 0:46I
- 0:46spent
- 0:4714
- 0:47years
- 0:48on
- 0:48Wall
- 0:48street
- 0:49as
- 0:49a
- 0:50research
- 0:50analyst.
- 0:51Always
- 0:52wanting
- 0:52to
- 0:53be
- 0:53an
- 0:53entrepreneur,
- 0:54start
- 0:54my
- 0:54own
- 0:54business,
- 0:55but
- 0:55wasn't
- 0:55sure
- 0:56what
- 0:56I
- 0:56was
- 0:56going
- 0:56to
- 0:56do.
- 0:57Learned
- 0:58about
- 0:58the
- 0:58Internet
- 0:59in
- 0:59the
- 0:59mid-90s
- 1:00from
- 1:00a
- 1:00friend
- 1:00of
- 1:01mine,
- 1:01before
- 1:01Netscape
- 1:02was
- 1:02even
- 1:03out
- 1:03there.
- 1:04And
- 1:05once
- 1:06photographs
- 1:06started
- 1:07being
- 1:07online,
- 1:08people
- 1:08started
- 1:09selling.
- 1:10I
- 1:10started
- 1:10writing
- 1:11about
- 1:11it
- 1:11as
- 1:11a
- 1:11retail
- 1:12analyst,
- 1:12saying,
- 1:13this
- 1:13is
- 1:13going
- 1:13to
- 1:13be
- 1:13huge,
- 1:15and
- 1:16spent
- 1:16about
- 1:17four
- 1:17years
- 1:18as
- 1:18a
- 1:18research
- 1:19analyst
- 1:19writing
- 1:20about
- 1:20the
- 1:20industry,
- 1:20and
- 1:21then
- 1:21said,
- 1:21you
- 1:21know
- 1:21what?
- 1:22I'd
- 1:22much
- 1:22rather
- 1:23be
- 1:23a
- 1:23participant
- 1:24than
- 1:24a
- 1:24critic,
- 1:25and
- 1:26came
- 1:26up
- 1:26with
- 1:26the
- 1:27idea
- 1:27for
- 1:27Uncommon
- 1:28Goods
- 1:29back
- 1:29then.
- 1:29Okay,
- 1:30and
- 1:30what
- 1:30is
- 1:31Uncommon
- 1:31Goods?
- 1:32Uncommon
- 1:33Goods
- 1:33is
- 1:34a
- 1:35collection
- 1:36of
- 1:36products
- 1:36from
- 1:37independent
- 1:37designers
- 1:38and
- 1:39makers.
- 1:40Things
- 1:40that
- 1:40you
- 1:40will
- 1:41not
- 1:41find
- 1:41typically
- 1:42at
- 1:42Amazon
- 1:43or
- 1:43a
- 1:43mass
- 1:43market
- 1:44store.
- 1:44A
- 1:45lot
- 1:45of
- 1:45handmade
- 1:46product
- 1:46in
- 1:46many
- 1:46ways.
- 1:47It
- 1:47was
- 1:47Etsy
- 1:48before
- 1:48there
- 1:49was
- 1:50an
- 1:50Etsy,
- 1:50and
- 1:51it's
- 1:51an
- 1:51edited
- 1:52version
- 1:52of
- 1:53a
- 1:53site
- 1:53like
- 1:53Etsy.
- 1:54So
- 1:55I
- 1:55have
- 1:55to
- 1:55ask
- 1:55you,
- 1:55because
- 1:56I
- 1:56feel
- 1:56like
- 1:56we
- 1:56keep
- 1:57hearing
- 1:57about
- 1:58curated
- 1:59marketplaces
- 2:00lately,
- 2:00and
- 2:01you
- 2:01really
- 2:02started
- 2:02kind
- 2:02of
- 2:03doing
- 2:03this
- 2:0326
- 2:04years
- 2:04ago.
- 2:05Now,
- 2:05what
- 2:06do
- 2:06you
- 2:06think
- 2:06is
- 2:06important
- 2:07about
- 2:08the
- 2:08types
- 2:08of
- 2:09brands
- 2:09that
- 2:09you're
- 2:09bringing
- 2:09in
- 2:10or
- 2:10for
- 2:10Uncommon
- 2:11Goods?
- 2:12What
- 2:12has
- 2:12to
- 2:12be
- 2:13true
- 2:13about
- 2:14the
- 2:14brands
- 2:14in
- 2:14order
- 2:15for
- 2:15them
- 2:15to
- 2:15kind
- 2:15of
- 2:15come
- 2:15on
- 2:16the
- 2:16platform
- 2:16and
- 2:16be
- 2:17worthy
- 2:17of
- 2:17the
- 2:17platform?
- 2:18Well,
- 2:18it's
- 2:18in
- 2:19our
- 2:19name.
- 2:21They
- 2:21have
- 2:21to
- 2:21be
- 2:22uncommon
- 2:22and
- 2:23they
- 2:23have
- 2:23to
- 2:23be
- 2:24good.
- 2:24And
- 2:25by
- 2:25good
- 2:26meaning,
- 2:26quality.
- 2:27And
- 2:28Uncommon
- 2:28can
- 2:29also
- 2:29reference
- 2:30the
- 2:30quality,
- 2:31but
- 2:31it
- 2:31has
- 2:32to
- 2:32be
- 2:32things
- 2:32that
- 2:33people
- 2:33want
- 2:33that
- 2:33they're
- 2:34going
- 2:34to
- 2:34want
- 2:34to
- 2:34buy.
- 2:35It
- 2:35has
- 2:35to
- 2:35be
- 2:35a
- 2:36fair
- 2:36price,
- 2:37but
- 2:37really
- 2:38things
- 2:38that
- 2:38they
- 2:38can't
- 2:39find
- 2:39easily
- 2:40anywhere
- 2:40else.
- 2:41And
- 2:41increasingly,
- 2:42those
- 2:42are
- 2:43products
- 2:43that
- 2:44we're
- 2:44designing
- 2:45and
- 2:45actually
- 2:45manufacturing.
- 2:46Now,
- 2:47are
- 2:47you
- 2:47Yourself?
- 2:47Yeah,
- 2:48that's
- 2:48gonna
- 2:48be
- 2:48my
- 2:48question.
- 2:48Like,
- 2:49how
- 2:49do
- 2:49you
- 2:49actually
- 2:49pick
- 2:49the
- 2:50assortment?
- 2:50Like,
- 2:51are
- 2:51you
- 2:51out
- 2:51scouring
- 2:51the
- 2:52trade
- 2:52shows?
- 2:52Are
- 2:53you
- 2:53buying
- 2:53from
- 2:54the
- 2:54vendors?
- 2:54Or
- 2:54are
- 2:54you
- 2:55actually
- 2:55creating
- 2:55the
- 2:56products
- 2:56collaboratively?
- 2:57So
- 2:58it's
- 2:58evolved.
- 2:59Yeah,
- 3:00it's
- 3:00evolved
- 3:00quite
- 3:01a
- 3:01bit.
- 3:01I
- 3:01mean,
- 3:01when
- 3:02we
- 3:02started
- 3:03the
- 3:03business,
- 3:03we
- 3:04would
- 3:04go
- 3:04to
- 3:04Artisans
- 3:05and
- 3:05they
- 3:05would
- 3:05say,
- 3:06oh,
- 3:06I'm
- 3:06not
- 3:06gonna
- 3:06sell
- 3:07online.
- 3:08Or
- 3:08they'd
- 3:08say,
- 3:08wait,
- 3:09you,
- 3:09you're
- 3:09in
- 3:09Greenwich
- 3:10Village,
- 3:10which
- 3:10is
- 3:10where
- 3:11our
- 3:11first
- 3:11office
- 3:11was
- 3:12located.
- 3:12They
- 3:13say,
- 3:13I
- 3:13have
- 3:13a
- 3:13store
- 3:14there.
- 3:14I
- 3:14can't
- 3:14sell
- 3:15to
- 3:15you
- 3:15because
- 3:15they're
- 3:16that
- 3:16territory.
- 3:17Right,
- 3:18right.
- 3:18We
- 3:18really
- 3:19had
- 3:19to
- 3:19convince
- 3:20makers
- 3:21to
- 3:21sell
- 3:21to
- 3:21us.
- 3:22Now,
- 3:23the
- 3:2420
- 3:24something
- 3:25maker
- 3:26is
- 3:27a
- 3:27digital
- 3:27native,
- 3:28and
- 3:28in
- 3:28some
- 3:28ways
- 3:29they're
- 3:29our
- 3:29competition.
- 3:30They're
- 3:30selling
- 3:30on
- 3:31Shopify,
- 3:31they're
- 3:31selling
- 3:32on
- 3:32Etsy,
- 3:33what
- 3:33have
- 3:33you.
- 3:34And
- 3:34so
- 3:36exclusive
- 3:37product
- 3:38is
- 3:38incredibly
- 3:38important.
- 3:39So
- 3:39that's
- 3:39over
- 3:4040%
- 3:41of
- 3:41what
- 3:41we
- 3:41sell.
- 3:42You
- 3:42can
- 3:42only
- 3:42get
- 3:4340%
- 3:43uncommon
- 3:44goods.
- 3:45Yeah.
- 3:45And
- 3:45almost
- 3:46half
- 3:46of
- 3:46that
- 3:47we
- 3:47actually
- 3:47design
- 3:48in
- 3:48house,
- 3:49a
- 3:49lot
- 3:49of
- 3:49which
- 3:50we
- 3:51manufacture
- 3:51or
- 3:52arrange
- 3:52the
- 3:52manufacture.
- 3:53And
- 3:53then
- 3:54as
- 3:54you
- 3:54were
- 3:54suggesting,
- 3:55we
- 3:55also
- 3:55co
- 3:56create.
- 3:56We
- 3:57have
- 3:57a
- 3:57number
- 3:57of
- 3:57vendors
- 3:58that
- 3:58we've
- 3:58been
- 3:58working
- 3:58with
- 3:59for
- 3:59years
- 4:00and
- 4:00partner
- 4:01with
- 4:01them
- 4:02to
- 4:02create
- 4:03exclusive
- 4:03product.
- 4:04That's
- 4:05cool.
- 4:05So,
- 4:05Dave,
- 4:05what
- 4:05brings
- 4:06you
- 4:06to
- 4:06Shop
- 4:06talk?
- 4:07Always
- 4:08be
- 4:08learning.
- 4:09Always
- 4:09be
- 4:09learning.
- 4:10Abl.
- 4:11Yeah,
- 4:11a
- 4:11little
- 4:11abl.
- 4:12No,
- 4:12I
- 4:13mean,
- 4:13that's
- 4:14one
- 4:14thing
- 4:14I've
- 4:15learned
- 4:15from
- 4:16being
- 4:16a
- 4:16research
- 4:16analyst.
- 4:17I
- 4:17was
- 4:17sort
- 4:17of
- 4:17a
- 4:17professional
- 4:18student
- 4:19in
- 4:19a
- 4:19way.
- 4:20And
- 4:20this
- 4:20industry
- 4:21is
- 4:21constantly
- 4:22evolving
- 4:23and
- 4:23this
- 4:24is
- 4:24a
- 4:24great
- 4:25place
- 4:25to
- 4:26learn
- 4:27what's
- 4:27new.
- 4:27Yeah.
- 4:28And
- 4:28that's
- 4:28where
- 4:28we
- 4:28met,
- 4:29I
- 4:29think,
- 4:29first,
- 4:29like,
- 4:29I
- 4:29think
- 4:30you
- 4:30came
- 4:30up
- 4:30to
- 4:30me
- 4:30after
- 4:30a
- 4:31session
- 4:31once
- 4:31and
- 4:31we
- 4:31got
- 4:31to
- 4:31know
- 4:32each
- 4:32other
- 4:32a
- 4:32little
- 4:32bit.
- 4:32Are
- 4:33you
- 4:33speaking
- 4:33at
- 4:33the
- 4:33show
- 4:33too?
- 4:34I
- 4:34am
- 4:34not.
- 4:34You
- 4:35are
- 4:35not.
- 4:35Okay,
- 4:35got
- 4:36it.
- 4:36All
- 4:36right,
- 4:36well,
- 4:37wonderful.
- 4:38Dave,
- 4:38I
- 4:38want
- 4:39to.
- 4:39I
- 4:39want
- 4:39to
- 4:39change
- 4:40shift
- 4:41gears
- 4:41here
- 4:41a
- 4:41little
- 4:41bit.
- 4:42I
- 4:42want
- 4:42to
- 4:42talk
- 4:42about
- 4:43macroeconomics
- 4:44and
- 4:44some
- 4:44of
- 4:45the
- 4:45trends
- 4:45that
- 4:46are
- 4:46happening
- 4:46and
- 4:46that
- 4:47I
- 4:47imagine
- 4:47are
- 4:48starting
- 4:48to
- 4:48impact
- 4:49uncommon
- 4:49goods
- 4:50business.
- 4:50We
- 4:50just
- 4:50had
- 4:51Peter
- 4:52Pernode
- 4:52here
- 4:52of
- 4:53Sheehan
- 4:53talking
- 4:54about,
- 4:54you
- 4:54know,
- 4:54how
- 4:54they're
- 4:55coming
- 4:55into
- 4:55the
- 4:55market.
- 4:56There's
- 4:56a
- 4:56lot
- 4:56of
- 4:57this
- 4:57dupe
- 4:58culture
- 4:58that's
- 4:59kind
- 4:59of
- 4:59come
- 4:59into
- 4:59it.
- 5:00How
- 5:00do
- 5:00you
- 5:01think
- 5:01about
- 5:02really
- 5:02making
- 5:03sure
- 5:03that
- 5:03the
- 5:03uncommon
- 5:04goods
- 5:04products
- 5:04stand
- 5:05alone?
- 5:06You
- 5:06mentioned
- 5:06uncommon
- 5:07and
- 5:07good.
- 5:07But
- 5:08when
- 5:08that's
- 5:08more
- 5:09accessible
- 5:09to
- 5:10more
- 5:10people
- 5:10now,
- 5:10how
- 5:11do
- 5:11you
- 5:11really
- 5:11make
- 5:12sure
- 5:12that
- 5:12uncommon
- 5:12goods
- 5:13is
- 5:13like
- 5:13defensible
- 5:14against
- 5:14some
- 5:14of
- 5:14these
- 5:15new
- 5:15things
- 5:15coming
- 5:16into
- 5:16market
- 5:16that
- 5:17are
- 5:17trying
- 5:17to
- 5:17be
- 5:18Uncommon
- 5:18goods.
- 5:19I
- 5:19think
- 5:19it
- 5:20comes
- 5:20down
- 5:20to
- 5:21constantly
- 5:22coming
- 5:22up
- 5:23with
- 5:23those
- 5:24compelling
- 5:24new
- 5:25items.
- 5:26We've
- 5:27increasingly
- 5:28have
- 5:28to
- 5:28be
- 5:29inventors
- 5:30or
- 5:30innovators
- 5:31or
- 5:32partners
- 5:32with
- 5:33those
- 5:33inventors
- 5:34or
- 5:34innovators.
- 5:35I
- 5:35mean,
- 5:35that's.
- 5:36The
- 5:36table
- 5:36stakes
- 5:37are
- 5:37much
- 5:37higher
- 5:38than
- 5:38they
- 5:38were
- 5:38when
- 5:38we
- 5:39started.
- 5:39How
- 5:40has
- 5:40that
- 5:40kind
- 5:40of
- 5:41stuff
- 5:41changed
- 5:41your
- 5:42business
- 5:42and
- 5:42your
- 5:42day
- 5:42to
- 5:42day
- 5:43operations?
- 5:43I
- 5:43mean,
- 5:44are
- 5:44you
- 5:45working
- 5:45with
- 5:45your
- 5:46partners
- 5:46in
- 5:46different
- 5:47ways?
- 5:47Are
- 5:47you.
- 5:47I
- 5:48mean,
- 5:48we
- 5:48have
- 5:48manufacturing
- 5:49equipment
- 5:50now.
- 5:50You
- 5:50know,
- 5:51we've
- 5:51got
- 5:51a,
- 5:52a
- 5:52warehouse
- 5:52in
- 5:53Brooklyn
- 5:53that
- 5:53is
- 5:54now
- 5:54a
- 5:54warehouse
- 5:55and
- 5:55manufacturing
- 5:56facility.
- 5:57Okay.
- 5:57And
- 5:58it's,
- 5:58it's
- 5:58very
- 5:58light
- 5:59manufacturing,
- 6:00but
- 6:00it's
- 6:02engraving,
- 6:02glassware,
- 6:03decoration
- 6:04things.
- 6:04Embroidery
- 6:05is
- 6:05something
- 6:06we're
- 6:06adding.
- 6:06Okay.
- 6:07So
- 6:07it's,
- 6:08it's
- 6:08changing.
- 6:10What,
- 6:10what
- 6:11are
- 6:11some
- 6:11of
- 6:11like
- 6:11the
- 6:11trends
- 6:12or
- 6:12the
- 6:12cool,
- 6:12like
- 6:13products
- 6:13that
- 6:14you
- 6:14are
- 6:14inspired
- 6:15by
- 6:15now
- 6:15that
- 6:15we
- 6:16might
- 6:16expect
- 6:16to
- 6:16see
- 6:17coming
- 6:17up
- 6:17here
- 6:18in
- 6:18the
- 6:18next
- 6:19couple
- 6:19months
- 6:19or
- 6:20as
- 6:20gifting
- 6:20seasons
- 6:21come
- 6:21about?
- 6:22This.
- 6:22Well,
- 6:23Mother's
- 6:24Day
- 6:24is
- 6:24not
- 6:25far
- 6:25away.
- 6:27What
- 6:27should
- 6:27I
- 6:27put
- 6:27on
- 6:28my
- 6:28Mother's
- 6:28Day
- 6:28list
- 6:28is
- 6:29what
- 6:29I'm
- 6:29really
- 6:29asking
- 6:29you,
- 6:30Dave.
- 6:30We've
- 6:30got
- 6:31a
- 6:31very
- 6:32cool
- 6:32QR
- 6:33mug,
- 6:34literature,
- 6:35QR
- 6:35mug,
- 6:36horoscope,
- 6:37QR
- 6:37mugs
- 6:38where
- 6:38you
- 6:38can
- 6:40click
- 6:41your
- 6:41phone
- 6:41and
- 6:41every
- 6:42day
- 6:42get
- 6:42your
- 6:43horoscope.
- 6:43Oh,
- 6:44my
- 6:44gosh.
- 6:44Oh,
- 6:44wow.
- 6:45Interesting.
- 6:45Yeah,
- 6:46that's
- 6:46cool.
- 6:46That's
- 6:46very
- 6:46uncommon
- 6:47and
- 6:47good.
- 6:48And
- 6:48is
- 6:48that
- 6:48something
- 6:48that
- 6:49you're
- 6:49manufacturing?
- 6:50Okay,
- 6:50interesting.
- 6:51Okay.
- 6:52Oh,
- 6:52awesome.
- 6:53So
- 6:53that's
- 6:53all
- 6:53happening
- 6:54in
- 6:54the
- 6:54Brooklyn
- 6:54studio?
- 6:55Correct.
- 6:56Wow.
- 6:56Okay,
- 6:57I
- 6:57gotta
- 6:57check
- 6:58it
- 6:58out.
- 6:58Yeah,
- 6:58no,
- 6:58it
- 6:59sounds
- 6:59awesome.
- 6:59All
- 6:59right,
- 6:59Dave,
- 7:00so
- 7:00I'm
- 7:01curious.
- 7:01You
- 7:01said
- 7:02ABL
- 7:02always
- 7:03be
- 7:03learning.
- 7:04So
- 7:04we're
- 7:04standing
- 7:04on
- 7:04the
- 7:04exhibit
- 7:05hall
- 7:05floor,
- 7:06you
- 7:06know,
- 7:06like
- 7:07Ann
- 7:07said,
- 7:07We're
- 7:07at
- 7:07booth
- 7:081554.
- 7:09What
- 7:09is
- 7:09your
- 7:09approach
- 7:10to
- 7:10shop
- 7:10talk?
- 7:11Like,
- 7:11how
- 7:11do
- 7:11you
- 7:11try
- 7:12to
- 7:12learn,
- 7:12you
- 7:13know,
- 7:13how
- 7:13do
- 7:13you
- 7:13try
- 7:13to
- 7:14go
- 7:14serendipitously,
- 7:15just
- 7:15go
- 7:15wherever,
- 7:16you
- 7:16know,
- 7:16the
- 7:16spirit
- 7:17takes
- 7:17you
- 7:17or
- 7:17do
- 7:17you
- 7:18you
- 7:18to
- 7:19take
- 7:19a
- 7:19more
- 7:19planful
- 7:19approach
- 7:20to
- 7:20a
- 7:20conference
- 7:21like
- 7:21this?
- 7:21How
- 7:21do
- 7:21you
- 7:21do
- 7:21it?
- 7:22I
- 7:23would
- 7:23say
- 7:23all
- 7:23of
- 7:23the
- 7:23above.
- 7:24All
- 7:24of
- 7:24the
- 7:24above.
- 7:24I'll
- 7:25look
- 7:25at
- 7:25sessions
- 7:26and
- 7:27look
- 7:27at
- 7:27companies
- 7:28that
- 7:28I'm
- 7:28interested
- 7:28in
- 7:29learning
- 7:29from
- 7:29speakers
- 7:30who
- 7:30I
- 7:30may
- 7:30know.
- 7:31So
- 7:31I'll
- 7:32go
- 7:32to
- 7:32a
- 7:32fair
- 7:32number
- 7:32of
- 7:33sessions.
- 7:33I
- 7:33do
- 7:34the
- 7:34hosted
- 7:34sessions
- 7:35also.
- 7:36Yeah,
- 7:37I
- 7:37invest
- 7:37the
- 7:38time
- 7:38also
- 7:39to
- 7:39go
- 7:40through
- 7:40and
- 7:40see
- 7:40who
- 7:41I
- 7:41want
- 7:41to
- 7:41meet
- 7:41at
- 7:42some
- 7:42of
- 7:42these
- 7:42other
- 7:42companies,
- 7:43which
- 7:43has
- 7:43worked
- 7:44out
- 7:44well.
- 7:44And
- 7:45then,
- 7:45yeah,
- 7:45I'll
- 7:45walk
- 7:45around
- 7:46the
- 7:46floor,
- 7:46depending
- 7:47on
- 7:47how
- 7:47much
- 7:47energy
- 7:48I
- 7:48have.
- 7:48Yeah,
- 7:48right.
- 7:49Depending
- 7:49on
- 7:49what
- 7:49day
- 7:49it
- 7:49is.
- 7:50What
- 7:50you
- 7:50did
- 7:50the
- 7:50night
- 7:50Before.
- 7:51Yeah.
- 7:51Right.
- 7:52I'm
- 7:52curious.
- 7:52So
- 7:53do
- 7:53you
- 7:53have
- 7:53your
- 7:53eye
- 7:53on
- 7:53any
- 7:53sessions
- 7:54in
- 7:54particular
- 7:54or
- 7:55any
- 7:55tech
- 7:55as
- 7:56well
- 7:56that
- 7:57you
- 7:57want
- 7:57to
- 7:57learn
- 7:57more
- 7:57about?
- 7:58I
- 7:59would
- 7:59say
- 8:00we've
- 8:00dipped
- 8:01our
- 8:01toe
- 8:01into
- 8:02retail
- 8:02media.
- 8:03I
- 8:03mean,
- 8:03that's
- 8:03been
- 8:03hyped
- 8:04a
- 8:04lot.
- 8:04I've
- 8:05been
- 8:06very
- 8:06skeptical
- 8:07about
- 8:07it
- 8:08because
- 8:08I
- 8:08really
- 8:09love
- 8:09the
- 8:09concept
- 8:09of
- 8:10having
- 8:10that
- 8:10ongoing
- 8:11relationship
- 8:12with
- 8:12the
- 8:12customer.
- 8:13And
- 8:15depending
- 8:15on
- 8:16how
- 8:16you
- 8:16engage
- 8:17with
- 8:17retail
- 8:17media,
- 8:18you
- 8:18can
- 8:18just
- 8:19essentially,
- 8:21particularly
- 8:21if
- 8:21you're
- 8:22on
- 8:22a
- 8:22marketplace,
- 8:23not
- 8:23have
- 8:24that
- 8:25relationship.
- 8:26So
- 8:26we're
- 8:27still
- 8:27figuring
- 8:27that
- 8:28out.
- 8:28We
- 8:28dipped
- 8:28our
- 8:28toe
- 8:29in
- 8:29last
- 8:30year
- 8:30and
- 8:30are
- 8:31growing
- 8:31that
- 8:32this
- 8:32year.
- 8:33And
- 8:33also
- 8:33physical
- 8:34stores.
- 8:34We
- 8:35had
- 8:35a
- 8:35pop
- 8:35up
- 8:36this
- 8:37past
- 8:37holiday
- 8:37at
- 8:38Grand
- 8:38Central
- 8:39and
- 8:39saw
- 8:40very
- 8:40good
- 8:40results
- 8:41from
- 8:41that.
- 8:41And
- 8:41it's
- 8:41something
- 8:41we're
- 8:42looking
- 8:42to
- 8:42expand
- 8:43on.
- 8:43Did
- 8:43you?
- 8:43Okay.
- 8:43Pop
- 8:44ups
- 8:44are
- 8:44a
- 8:44hard
- 8:44business
- 8:45to
- 8:45do.
- 8:45Right
- 8:45too.
- 8:46That's
- 8:46good
- 8:46to
- 8:46hear.
- 8:46Yeah.
- 8:47Well,
- 8:47part
- 8:47of
- 8:48that
- 8:48is
- 8:48a
- 8:48function
- 8:49of
- 8:49ad
- 8:49costs,
- 8:50online
- 8:50skyrocketing,
- 8:52and
- 8:52you've
- 8:53got
- 8:53to
- 8:53find
- 8:53new
- 8:53ways
- 8:54to
- 8:54attract
- 8:55customers.
- 8:56Right.
- 8:56I'm
- 8:56curious.
- 8:56This
- 8:57has
- 8:57been
- 8:57top
- 8:57of
- 8:57mind
- 8:57for
- 8:58me
- 8:58too
- 8:58because
- 8:58I
- 8:58literally
- 8:58just
- 8:59got
- 8:59off
- 8:59stage
- 8:59listening
- 9:00to
- 9:00Ann
- 9:00talk
- 9:00about
- 9:01it
- 9:01with
- 9:01some
- 9:01different
- 9:02folks
- 9:02that
- 9:02she
- 9:02interviewed.
- 9:03Do
- 9:03you
- 9:03have
- 9:03a
- 9:03loyalty
- 9:03program
- 9:04or
- 9:05how
- 9:05do
- 9:05you
- 9:05think
- 9:05about
- 9:05loyalty?
- 9:06I
- 9:07think
- 9:07about
- 9:07loyalty
- 9:08a
- 9:08lot.
- 9:09And
- 9:09we
- 9:09have
- 9:09a
- 9:10program
- 9:10called
- 9:11Uncommon
- 9:12Perks.
- 9:12Okay.
- 9:13So
- 9:13instead
- 9:13of,
- 9:13what
- 9:14is
- 9:14it
- 9:14now,
- 9:14$159
- 9:15a
- 9:16year
- 9:16for
- 9:16Prime.
- 9:17Yes,
- 9:17it's
- 9:18only
- 9:19$25
- 9:20a
- 9:20year
- 9:20and
- 9:20actually
- 9:21year
- 9:21one
- 9:21is
- 9:21only
- 9:22$15
- 9:23to
- 9:24get
- 9:24unlimited
- 9:25free
- 9:25shipping
- 9:26at
- 9:26Uncommon
- 9:27Goods.
- 9:28And
- 9:28we
- 9:28have
- 9:29about
- 9:2930%
- 9:30of
- 9:31our
- 9:31revenue
- 9:31and
- 9:32growing
- 9:32comes
- 9:33from
- 9:33those
- 9:33members.
- 9:34Really.
- 9:34Okay,
- 9:35that's
- 9:35interesting.
- 9:35And
- 9:35I
- 9:36imagine
- 9:36you
- 9:36get
- 9:36some
- 9:37more
- 9:38from
- 9:38them
- 9:39and
- 9:39you
- 9:39can
- 9:40learn
- 9:40how
- 9:40to
- 9:40kind
- 9:40of
- 9:41continue
- 9:41to
- 9:41evolve
- 9:41and
- 9:42build
- 9:42a
- 9:42business.
- 9:42Yeah.
- 9:43It's
- 9:44a
- 9:44great
- 9:44source
- 9:44of
- 9:44both
- 9:45loyalty
- 9:45and
- 9:46also
- 9:46customer
- 9:47information.
- 9:47Right.
- 9:48Especially
- 9:48as
- 9:48you
- 9:48start
- 9:48to
- 9:48look
- 9:49into
- 9:49retail
- 9:49media
- 9:49and
- 9:50things
- 9:50like
- 9:50that
- 9:50too.
- 9:51So
- 9:51I
- 9:51gotta
- 9:51ask
- 9:52you,
- 9:52Dave,
- 9:52because
- 9:53like,
- 9:53you
- 9:53know,
- 9:54I
- 9:54mean,
- 9:54you're
- 9:55kind
- 9:55of
- 9:55a
- 9:55needle
- 9:55in
- 9:55a
- 9:55stack
- 9:55of
- 9:56needles.
- 9:56I
- 9:56mean,
- 9:56there
- 9:56aren't
- 9:57that
- 9:57many
- 9:57pure
- 9:57E
- 9:57commerce
- 9:58players
- 9:58that
- 9:58have
- 9:58survived
- 9:59the
- 9:59length
- 9:59of
- 9:59time
- 10:00that
- 10:00you
- 10:00guys
- 10:00have.
- 10:00So
- 10:01kudos
- 10:01to
- 10:01that.
- 10:01So
- 10:02I'm
- 10:02curious,
- 10:02as
- 10:02we
- 10:02get
- 10:02you
- 10:02out
- 10:03on
- 10:03this,
- 10:03how
- 10:04are
- 10:04you
- 10:04looking
- 10:04at
- 10:04AI?
- 10:05Are
- 10:05you
- 10:05looking
- 10:06at
- 10:06it?
- 10:06So
- 10:07we've
- 10:07been
- 10:07using
- 10:08AI
- 10:08for
- 10:09six
- 10:09years.
- 10:10Okay.
- 10:11Initially
- 10:12in
- 10:12customer
- 10:13service
- 10:13service.
- 10:13Yep.
- 10:14And
- 10:14that's
- 10:15been
- 10:15very
- 10:15effective
- 10:16for
- 10:16automated
- 10:17responses,
- 10:19but
- 10:19you
- 10:20have
- 10:20to
- 10:20do
- 10:20it
- 10:21with
- 10:21the
- 10:21human
- 10:22touch.
- 10:22So
- 10:22when
- 10:23we
- 10:23would
- 10:23have
- 10:23automated
- 10:24responses
- 10:25initially,
- 10:26we
- 10:26would
- 10:26monitor
- 10:27them
- 10:27and
- 10:27say,
- 10:28is
- 10:28this
- 10:28giving
- 10:29the
- 10:29Customer
- 10:30what
- 10:30she
- 10:31wants.
- 10:31Yeah.
- 10:32And
- 10:33we're
- 10:34now
- 10:35writing
- 10:35copy
- 10:36with
- 10:36the
- 10:36assistance
- 10:37of
- 10:37AI.
- 10:38Our
- 10:39coders
- 10:39are
- 10:40writing
- 10:40code
- 10:40with
- 10:40the
- 10:41assistance
- 10:41of
- 10:41AI.
- 10:42And
- 10:42so,
- 10:43you
- 10:43know,
- 10:45is
- 10:45there
- 10:45a
- 10:45lot
- 10:46of
- 10:46hype?
- 10:46Yes.
- 10:47But,
- 10:47you
- 10:47know,
- 10:47I
- 10:48remember
- 10:48when
- 10:48smartphones
- 10:49came
- 10:49out.
- 10:49Right.
- 10:50And
- 10:51everybody
- 10:51said,
- 10:52oh,
- 10:52you
- 10:52know,
- 10:53mobile
- 10:54is
- 10:54going
- 10:54to
- 10:54dominate
- 10:55in
- 10:55no
- 10:55time
- 10:55frame.
- 10:56It
- 10:56took
- 10:56about
- 10:5615,
- 10:5720
- 10:57minutes,
- 10:57right?
- 10:57It
- 10:58did,
- 10:58yeah.
- 10:58But
- 10:58now
- 10:58it
- 10:58did.
- 10:59You
- 10:59know,
- 10:59an
- 10:59AI
- 11:00will
- 11:00probably
- 11:00be
- 11:01faster,
- 11:01but
- 11:01there's
- 11:02no
- 11:02question
- 11:02that
- 11:03it's
- 11:03sort
- 11:03of
- 11:03going
- 11:03to
- 11:03be
- 11:03like
- 11:04going
- 11:04from
- 11:04an
- 11:04adding
- 11:05machine
- 11:05to
- 11:05a
- 11:05calculator.
- 11:06I
- 11:06think
- 11:06it'll
- 11:06accelerate
- 11:07the
- 11:07pace.
- 11:08So
- 11:08you're
- 11:08really
- 11:08using
- 11:08it
- 11:09as
- 11:09an
- 11:09efficiency
- 11:10tool
- 11:10for
- 11:10the
- 11:11most
- 11:11part,
- 11:11to
- 11:11make
- 11:11the
- 11:12team
- 11:12more
- 11:12productive.
- 11:12More
- 11:13efficient,
- 11:13I
- 11:13would
- 11:14say,
- 11:14primarily.
- 11:15What
- 11:15are
- 11:15you
- 11:15seeing
- 11:16others
- 11:17do?
- 11:17That's
- 11:18what
- 11:18I
- 11:18think
- 11:18is
- 11:18probably
- 11:18best
- 11:19in
- 11:19class.
- 11:19I
- 11:20know
- 11:20that's
- 11:20how
- 11:20Ann
- 11:20and
- 11:20I
- 11:21use
- 11:21it
- 11:21in
- 11:21our
- 11:21daily
- 11:21work,
- 11:22too,
- 11:22is
- 11:22more
- 11:22to
- 11:23make
- 11:23us
- 11:23more
- 11:23efficient
- 11:24and
- 11:24more
- 11:24productive
- 11:25in
- 11:25what
- 11:25we
- 11:25do.
- 11:25And
- 11:25it
- 11:25sounds
- 11:26like
- 11:26those
- 11:26are
- 11:26the
- 11:26use
- 11:26cases.
- 11:26We
- 11:26always
- 11:27hear
- 11:27customer
- 11:27service,
- 11:28too,
- 11:28as
- 11:29a
- 11:29way
- 11:29to
- 11:29streamline
- 11:29things
- 11:30and
- 11:30potentially
- 11:31be
- 11:31more
- 11:31automated
- 11:32in
- 11:32that
- 11:32respect,
- 11:32too.
- 11:33We're
- 11:33hearing
- 11:33that
- 11:33and
- 11:34just
- 11:34got
- 11:34off
- 11:34stage,
- 11:35you
- 11:35know,
- 11:35talking.
- 11:36Hearing
- 11:36about
- 11:36that
- 11:36from
- 11:36everybody.
- 11:37Yeah,
- 11:37I
- 11:37mean,
- 11:37I
- 11:37think
- 11:38it's
- 11:38consistent
- 11:39in
- 11:40what
- 11:40we're
- 11:40hearing
- 11:40from
- 11:40the
- 11:40retailers
- 11:41we
- 11:41had
- 11:41on
- 11:41stage.
- 11:42Nestle,
- 11:42Purina,
- 11:43Wayfair
- 11:44and
- 11:45Nyx.
- 11:45They're
- 11:46all
- 11:46trying
- 11:46to
- 11:46figure
- 11:47out
- 11:48it
- 11:48might
- 11:48not
- 11:48be
- 11:49customer
- 11:49facing
- 11:50right
- 11:50now
- 11:50outside
- 11:50of
- 11:51the
- 11:51customer
- 11:51support
- 11:52and
- 11:52where's
- 11:52my
- 11:52order?
- 11:53You
- 11:53know,
- 11:53the
- 11:53main
- 11:54questions
- 11:54that
- 11:55people
- 11:55are
- 11:55reaching
- 11:55out
- 11:56to
- 11:56about,
- 11:56but
- 11:57it's
- 11:57really
- 11:57about,
- 11:58like,
- 11:58how
- 11:58do
- 11:58you
- 11:59figure
- 11:59out
- 11:59how
- 11:59to
- 11:59distill
- 12:00down
- 12:00some
- 12:00of
- 12:00the
- 12:01processes
- 12:01that
- 12:01you're
- 12:01doing
- 12:02day
- 12:02to
- 12:02day
- 12:02that
- 12:03will
- 12:03free
- 12:03up
- 12:04your
- 12:04teams
- 12:04to
- 12:05work
- 12:05on
- 12:06more
- 12:06strategic
- 12:06initiatives
- 12:07than,
- 12:08you
- 12:08know,
- 12:08submitting
- 12:09expense
- 12:09reports
- 12:10or
- 12:10those
- 12:10kinds
- 12:11of
- 12:11things.
- 12:11Yeah,
- 12:12I
- 12:12mean,
- 12:12I'd
- 12:12love
- 12:12to
- 12:13figure
- 12:13out,
- 12:13and
- 12:13we've
- 12:14played
- 12:14around
- 12:14a
- 12:15little
- 12:15with
- 12:15it.
- 12:15How
- 12:16can
- 12:16it
- 12:16help
- 12:16us
- 12:17create.
- 12:17Create
- 12:17new
- 12:17products,
- 12:18invent
- 12:18new
- 12:19products,
- 12:20sharing
- 12:21sales
- 12:21trends
- 12:22and
- 12:22helping
- 12:22us?
- 12:23Yeah,
- 12:24absolutely.
- 12:24Well,
- 12:25we'll
- 12:25have
- 12:25to
- 12:25keep
- 12:25a
- 12:26close
- 12:26eye
- 12:26on
- 12:26that
- 12:27and
- 12:27what
- 12:27you
- 12:28end
- 12:28up
- 12:28using
- 12:28AI
- 12:29for
- 12:29for
- 12:29your
- 12:29next.
- 12:3026
- 12:30years,
- 12:32the
- 12:32uncommonly
- 12:33good
- 12:33usages
- 12:34of
- 12:34AI.
- 12:35All
- 12:35right,
- 12:35well,
- 12:35David
- 12:36Blasky,
- 12:36thank
- 12:36you
- 12:36so
- 12:36much,
- 12:37man.
- 12:37Thanks
- 12:37for
- 12:38doing
- 12:38this.
- 12:38This
- 12:38is
- 12:38great.
- 12:38I
- 12:39reached
- 12:39out
- 12:39and
- 12:39we're
- 12:39like,
- 12:39yeah,
- 12:40let's
- 12:40do
- 12:40it.
- 12:40So
- 12:40we
- 12:41appreciate
- 12:41the
- 12:41time.
- 12:41Thanks,
- 12:42Avalara,
- 12:42for
- 12:42supporting
- 12:43our
- 12:43work
- 12:43here.
- 12:43Again,
- 12:44we're
- 12:44going
- 12:44to
- 12:44be
- 12:44here
- 12:44all
- 12:44day.
- 12:45We
- 12:45got
- 12:45a
- 12:45number
- 12:45of
- 12:45interviews
- 12:46coming.
- 12:46Your
- 12:46way.
- 12:46We're
- 12:47at
- 12:47booth
- 12:471554.
- 12:49We're
- 12:49on
- 12:49the
- 12:49dock.
- 12:50Anne.
- 12:50We're
- 12:50sitting
- 12:51the
- 12:51bay
- 12:51here,
- 12:52if
- 12:52you
- 12:52can
- 12:52see
- 12:52it.
- 12:53I
- 12:53almost
- 12:53fell
- 12:53off
- 12:54the
- 12:54dock
- 12:54earlier
- 12:54today,
- 12:55but
- 12:55I'm
- 12:55still
- 12:55on
- 12:55it.
- 12:56We're
- 12:56still
- 12:56doing
- 12:56it.
- 12:56And,
- 12:56Anne,
- 12:57as
- 12:57always,
- 12:57be
- 12:57careful
- 12:58out
- 12:58there.