Latest / Omni Talk Retail / LTK Partners With The Bachelor to Launch Shoppable TV | Social Commerce Gets Real
Transcript
- 0:00LTK
- 0:00is
- 0:00partnering
- 0:01with
- 0:01the
- 0:01Bachelor
- 0:02franchise
- 0:02to
- 0:03launch
- 0:03a
- 0:03social
- 0:04commerce
- 0:04experience.
- 0:06According
- 0:06to
- 0:06an
- 0:06LTK
- 0:07press
- 0:07release,
- 0:07the
- 0:08official
- 0:08Bachelor
- 0:08Nation,
- 0:09which
- 0:09Chris,
- 0:10you
- 0:10are
- 0:10a
- 0:10part
- 0:10of,
- 0:11I
- 0:11became
- 0:12a
- 0:12part
- 0:12of
- 0:12with
- 0:12Golden
- 0:13Bachelor.
- 0:13The
- 0:13LTK
- 0:15channel
- 0:15is
- 0:15now
- 0:16available
- 0:17and
- 0:17introducing
- 0:17a
- 0:18new
- 0:18way
- 0:18for
- 0:18fans
- 0:18to
- 0:19engage
- 0:19with
- 0:19their
- 0:19favorite
- 0:20reality
- 0:21TV
- 0:21franchise.
- 0:22The
- 0:22new
- 0:22channel
- 0:23allows
- 0:23fans
- 0:23to
- 0:24shop
- 0:24fashion,
- 0:24beauty,
- 0:25and
- 0:25home
- 0:25products
- 0:25that
- 0:26have
- 0:26that
- 0:27cast
- 0:27have
- 0:27worn
- 0:27and
- 0:28used
- 0:28through
- 0:29the
- 0:29LTK
- 0:30consumer
- 0:30app.
- 0:30So,
- 0:31for
- 0:31background,
- 0:31for
- 0:31those
- 0:31of
- 0:32you
- 0:32who
- 0:32are
- 0:32not
- 0:32familiar
- 0:32with
- 0:32LTK,
- 0:33they
- 0:34claim
- 0:34they
- 0:34drive
- 0:35more
- 0:35than
- 0:36$5
- 0:36billion
- 0:37in
- 0:37sales
- 0:37annually
- 0:38and
- 0:38reach
- 0:3640
- 0:39million
- 0:39monthly
- 0:40shoppers
- 0:40across
- 0:40its
- 0:41platform,
- 0:41and
- 0:42that
- 0:42nearly
- 0:4240%
- 0:43of
- 0:43US
- 0:44adult
- 0:44Gen
- 0:45Z
- 0:45and
- 0:45millennial
- 0:46women
- 0:46use
- 0:47LTK
- 0:47today.
- 0:48So,
- 0:48Chris,
- 0:49wow,
- 0:49you're
- 0:50claiming
- 0:50that
- 0:50you
- 0:51were
- 0:51once
- 0:51a
- 0:51devout
- 0:52bachelor
- 0:52fan.
- 0:53Yeah.
- 0:53But
- 0:54could
- 0:54you
- 0:54ever
- 0:55see
- 0:55shopping
- 0:56Bachelor
- 0:57wares
- 0:57via
- 0:58l.
- 1:00Ever,
- 1:00ever?
- 1:01Have
- 1:01you
- 1:01ever
- 1:02shopped
- 1:02ltk?
- 1:03No,
- 1:03I
- 1:03hadn't.
- 1:04And
- 1:04this
- 1:04is
- 1:05now
- 1:05you
- 1:05can.
- 1:05This
- 1:06was
- 1:06kind
- 1:06of
- 1:06blowing
- 1:06my
- 1:06radar
- 1:06screen.
- 1:07You
- 1:07were
- 1:07much
- 1:07more
- 1:07familiar
- 1:07with
- 1:08this
- 1:08than
- 1:08I
- 1:08would.
- 1:08And
- 1:09that
- 1:09volume
- 1:09is
- 1:09pretty
- 1:10insane
- 1:10if
- 1:10that's
- 1:11the
- 1:11amount
- 1:11of
- 1:11volume
- 1:11they're
- 1:11pushing
- 1:12through
- 1:12it.
- 1:13And
- 1:13yes,
- 1:13I.
- 1:13I'm.
- 1:14I'm.
- 1:14I
- 1:14was
- 1:15a
- 1:15huge
- 1:15Bachelor
- 1:15fan.
- 1:16Now
- 1:16I'm
- 1:16probably
- 1:16a
- 1:16lapsed
- 1:17bachelor
- 1:17fan.
- 1:18And
- 1:18my
- 1:18good.
- 1:19Did
- 1:19golden
- 1:19get
- 1:20you
- 1:20back
- 1:20on?
- 1:20No,
- 1:21it
- 1:21didn't.
- 1:21I
- 1:21need
- 1:21to
- 1:21give
- 1:21it
- 1:22another
- 1:22world,
- 1:22though.
- 1:22I
- 1:22need
- 1:23to
- 1:23get
- 1:23back
- 1:23on
- 1:23the
- 1:23Bachelor
- 1:24bandwagon
- 1:25because
- 1:25those
- 1:25were
- 1:26great
- 1:26years
- 1:26in
- 1:26my
- 1:26life,
- 1:26actually.
- 1:27You
- 1:27know,
- 1:27got
- 1:28the
- 1:28community
- 1:28going.
- 1:28You
- 1:29know,
- 1:29I
- 1:29got
- 1:30into,
- 1:30like,
- 1:30Jen
- 1:31Zacharias,
- 1:31good
- 1:31friend
- 1:32of
- 1:32ours.
- 1:32Like,
- 1:32she
- 1:32always
- 1:33talk
- 1:33about
- 1:33it,
- 1:33but.
- 1:34But
- 1:34anyway,
- 1:34yeah,
- 1:34I
- 1:35love
- 1:35the
- 1:36show.
- 1:36So,
- 1:37you
- 1:37know,
- 1:37but
- 1:38when
- 1:38I
- 1:38think
- 1:38about
- 1:38this
- 1:39story,
- 1:41I
- 1:41think
- 1:41the
- 1:42way
- 1:42I'd
- 1:42sum
- 1:42this
- 1:42up
- 1:42is
- 1:43I
- 1:43just
- 1:43think
- 1:43it's
- 1:43new
- 1:43age
- 1:44product
- 1:44placement,
- 1:45but
- 1:45with
- 1:45two
- 1:45big
- 1:46differences
- 1:46strategically.
- 1:47Yeah.
- 1:48One
- 1:48is
- 1:48attribution.
- 1:49You
- 1:49know,
- 1:50the
- 1:50second
- 1:51one
- 1:51is
- 1:52possibly
- 1:53traffic.
- 1:54Right.
- 1:55But
- 1:55product,
- 1:55that's
- 1:56the
- 1:56second.
- 1:56That's
- 1:56a
- 1:56big
- 1:56if.
- 1:57Is
- 1:57the
- 1:57traffic
- 1:57that
- 1:57you
- 1:58can
- 1:58get
- 1:58from
- 1:58this.
- 1:58But.
- 1:58So
- 1:59product
- 1:59placement's
- 1:59been
- 1:59around
- 2:00forever.
- 2:00Like,
- 2:00you
- 2:00know,
- 2:00I
- 2:00think
- 2:01of
- 2:01the
- 2:01Snapple
- 2:01Seinfeld,
- 2:02where
- 2:02he
- 2:02opens
- 2:02the
- 2:02fridge,
- 2:02he's
- 2:03like,
- 2:03do
- 2:03you
- 2:03want
- 2:03a
- 2:03Snapple?
- 2:03You
- 2:04know,
- 2:04it's
- 2:04like,
- 2:04come
- 2:04on.
- 2:05And
- 2:05con.
- 2:05And
- 2:06the
- 2:06content
- 2:06studios
- 2:06have
- 2:07been
- 2:07trying
- 2:07to
- 2:07attribute
- 2:08product
- 2:09placement
- 2:09in
- 2:09all
- 2:09sorts
- 2:10of
- 2:10ways.
- 2:10You've
- 2:10had,
- 2:10like,
- 2:11shoppable
- 2:11video
- 2:12come
- 2:12into
- 2:12the
- 2:12fore.
- 2:13You've
- 2:13had
- 2:13QR
- 2:14codes
- 2:14on
- 2:14screen,
- 2:15all
- 2:15of
- 2:15which
- 2:15just
- 2:15kind
- 2:15of
- 2:16leave
- 2:16something
- 2:17to
- 2:17be
- 2:17desired.
- 2:17So
- 2:18this
- 2:18is.
- 2:18This
- 2:19is
- 2:19better
- 2:19than
- 2:20that,
- 2:20in
- 2:21my
- 2:21opinion.
- 2:21Okay,
- 2:22right.
- 2:22I'm
- 2:22not
- 2:23going
- 2:23to
- 2:23go
- 2:23shop
- 2:23for.
- 2:23To
- 2:24answer
- 2:24your
- 2:24question,
- 2:24I'm
- 2:24not
- 2:24going
- 2:24to
- 2:24go
- 2:24shop
- 2:25for
- 2:25bats
- 2:25or
- 2:25stuff
- 2:25because
- 2:26that's
- 2:26just
- 2:26not
- 2:26what
- 2:26I'm
- 2:26interested
- 2:27in.
- 2:27But
- 2:27I
- 2:27think
- 2:27there
- 2:27probably
- 2:28potentially
- 2:28are
- 2:28people
- 2:28that
- 2:29would.
- 2:30But
- 2:30the
- 2:30big
- 2:30question
- 2:30then
- 2:31becomes
- 2:31traffic.
- 2:32How
- 2:32much
- 2:32traffic
- 2:33will
- 2:33this
- 2:33partnership
- 2:34bring
- 2:34to
- 2:35the
- 2:35Bachelor
- 2:35franchise
- 2:37via
- 2:37the
- 2:37LTK
- 2:38platform?
- 2:40But
- 2:40at
- 2:40the
- 2:40end
- 2:40of
- 2:40the
- 2:41day,
- 2:41I
- 2:41think
- 2:41it's
- 2:41a
- 2:41good
- 2:41experiment
- 2:42because
- 2:42the
- 2:43volume
- 2:43that's
- 2:44accrued
- 2:44through
- 2:44the
- 2:44platform
- 2:45is
- 2:45all
- 2:45additive
- 2:46for
- 2:46the
- 2:46Bachelor
- 2:47and
- 2:47it
- 2:47gives
- 2:48them
- 2:48a
- 2:48way
- 2:48to
- 2:48conglomerate
- 2:49all
- 2:49their
- 2:49affiliate
- 2:50revenue
- 2:50in.
- 2:51And
- 2:51here's
- 2:52the
- 2:52other
- 2:52part.
- 2:52In
- 2:53one
- 2:53easy
- 2:53way,
- 2:54all
- 2:54in
- 2:55one
- 2:55place.
- 2:55Like
- 2:55any
- 2:56item
- 2:56that
- 2:56they
- 2:56want
- 2:57to
- 2:58put
- 2:58through
- 2:58this
- 2:58platform,
- 2:59they
- 2:59can
- 2:59probably
- 2:59easily,
- 3:00easily
- 3:00attribute
- 3:00or
- 3:01I'm
- 3:01guessing
- 3:01that's
- 3:01what
- 3:01they're
- 3:01trying
- 3:02to
- 3:02do.
- 3:02Yeah.
- 3:03And
- 3:03so
- 3:03that's
- 3:03going
- 3:03to
- 3:03make
- 3:04it
- 3:04a
- 3:04much
- 3:04more
- 3:05easier
- 3:05proposition
- 3:06for
- 3:06them
- 3:06to
- 3:06reach
- 3:06consumers.
- 3:07But
- 3:07the
- 3:07question
- 3:07is,
- 3:08will
- 3:08the
- 3:08consumers
- 3:08come?
- 3:09Right.
- 3:09It's
- 3:09the.
- 3:09If
- 3:10you
- 3:10build
- 3:10it,
- 3:10will
- 3:10they
- 3:10come,
- 3:11you
- 3:12know,
- 3:12conundrum
- 3:12and
- 3:13I
- 3:13don't
- 3:13know.
- 3:13But
- 3:13if
- 3:13they've
- 3:14got
- 3:14that
- 3:14much
- 3:14traffic.
- 3:15Yeah.
- 3:16Ambassador
- 3:16fans
- 3:17are
- 3:17pretty
- 3:17rabid,
- 3:17like,
- 3:18right?
- 3:18I
- 3:18don't
- 3:18know.
- 3:19It
- 3:19seems
- 3:19like
- 3:19a
- 3:19good
- 3:19idea.
- 3:21This
- 3:21could
- 3:21be
- 3:21something
- 3:22in
- 3:22the
- 3:22long
- 3:22run.
- 3:22Like,
- 3:23it
- 3:23makes
- 3:23me
- 3:23think
- 3:23about,
- 3:24huh,
- 3:25does
- 3:25this
- 3:25become
- 3:25a
- 3:26new
- 3:26shopping
- 3:26platform
- 3:27in
- 3:27general,
- 3:27especially
- 3:27with
- 3:27that
- 3:28type
- 3:28of
- 3:28revenue
- 3:28already?
- 3:29Yeah,
- 3:29I
- 3:29mean,
- 3:29I
- 3:30think
- 3:30it's
- 3:30such
- 3:30a
- 3:31no
- 3:31brainer
- 3:31experiment,
- 3:32Chris,
- 3:32because,
- 3:33you
- 3:33know,
- 3:33you,
- 3:34you
- 3:34think
- 3:34about
- 3:35the
- 3:35benefit
- 3:35here
- 3:36that's
- 3:36different
- 3:36than
- 3:37product
- 3:37placement
- 3:37in
- 3:38shows
- 3:38is
- 3:38that
- 3:39the
- 3:39Bachelor
- 3:40doesn't
- 3:40have
- 3:40to
- 3:40negotiate
- 3:41with
- 3:41any
- 3:41of
- 3:41the
- 3:41brands
- 3:42for
- 3:42these
- 3:42contracts.
- 3:43They
- 3:43just
- 3:43let
- 3:44the
- 3:44money
- 3:44funnel
- 3:44in.
- 3:45They're
- 3:45getting.
- 3:46It's
- 3:46an
- 3:46entirely
- 3:46new
- 3:46revenue.
- 3:47Right.
- 3:47They
- 3:47just
- 3:47have
- 3:47to
- 3:47have
- 3:47approval
- 3:48for
- 3:48the
- 3:48affiliate
- 3:48links,
- 3:49right?
- 3:49No,
- 3:50not
- 3:50even.
- 3:50They
- 3:51just
- 3:51gotta
- 3:51set
- 3:51them
- 3:51up.
- 3:52No,
- 3:52you
- 3:52can
- 3:52just
- 3:52go
- 3:53like
- 3:53the,
- 3:53the
- 3:54way
- 3:54that
- 3:54these
- 3:54work
- 3:54is
- 3:55like,
- 3:55you
- 3:56know,
- 3:56once
- 3:57you
- 3:57have
- 3:57a.
- 3:58Once
- 3:59you're
- 3:59signed
- 3:59up
- 3:59for
- 3:59LTK
- 4:00or
- 4:00you're
- 4:00one
- 4:00of
- 4:01their
- 4:01people,
- 4:02access
- 4:02their
- 4:02catalog.
- 4:03You
- 4:03get
- 4:03access
- 4:03to
- 4:03the
- 4:03catalog.
- 4:04So
- 4:04all
- 4:04you
- 4:04do
- 4:04is
- 4:05drop
- 4:05in
- 4:05a
- 4:05link.
- 4:06There's
- 4:06no
- 4:06bounds.
- 4:07They
- 4:07can
- 4:07go
- 4:07back
- 4:08to
- 4:08the
- 4:08very
- 4:08first
- 4:09Bachelor
- 4:09season
- 4:10and
- 4:10if
- 4:10that
- 4:10pair
- 4:11of
- 4:11heels
- 4:11that
- 4:12the
- 4:12Bachelorette
- 4:12is
- 4:12wearing
- 4:13are
- 4:14still
- 4:14available,
- 4:15you
- 4:15can
- 4:15take
- 4:15that.
- 4:16So
- 4:16there's
- 4:16endless
- 4:17amount
- 4:17of
- 4:17revenue
- 4:18to
- 4:18get
- 4:18here.
- 4:19And
- 4:20you
- 4:20know,
- 4:20I
- 4:20can
- 4:20get
- 4:21Juan.
- 4:21Pablo's
- 4:21sucker
- 4:22shorts
- 4:22in
- 4:22if
- 4:23they
- 4:23still
- 4:23exist.
- 4:23Now
- 4:24we're
- 4:24talking.
- 4:24Yes,
- 4:25you
- 4:25can.
- 4:25Yes,
- 4:26you
- 4:26can.
- 4:27So
- 4:27for
- 4:27me,
- 4:27I
- 4:27think
- 4:28it
- 4:28just
- 4:28makes
- 4:28sense.
- 4:29It's
- 4:29one,
- 4:29one
- 4:30way
- 4:30for
- 4:30them
- 4:31to
- 4:31further
- 4:32the
- 4:32engagement
- 4:33with
- 4:33their
- 4:33fans
- 4:34to
- 4:34make
- 4:35products
- 4:35shoppable,
- 4:36to
- 4:36not
- 4:36have
- 4:37to
- 4:37deal
- 4:37with
- 4:37any
- 4:38brand
- 4:38negotiations,
- 4:39to
- 4:39just
- 4:39let
- 4:39the
- 4:40revenue
- 4:40come
- 4:40in
- 4:41as
- 4:41people
- 4:41are,
- 4:41are
- 4:42buying
- 4:42things.
- 4:42They
- 4:43only
- 4:43get
- 4:43money
- 4:43when
- 4:44people
- 4:44buy
- 4:44things.
- 4:44So
- 4:45it's,
- 4:45there's
- 4:45really
- 4:46no
- 4:46harm
- 4:46in
- 4:46this.
- 4:47And
- 4:47I
- 4:47think,
- 4:47you
- 4:48know,
- 4:48the,
- 4:48the
- 4:48shopping
- 4:49experience,
- 4:49the
- 4:50LTK
- 4:50like
- 4:50user
- 4:51experience
- 4:51is
- 4:52pretty
- 4:52straightforward.
- 4:53The
- 4:54only
- 4:54thing
- 4:54that
- 4:54I
- 4:55am
- 4:55wondering
- 4:56here,
- 4:56like,
- 4:57I
- 4:57think
- 4:57this
- 4:57makes
- 4:57sense
- 4:57right
- 4:58now.
- 4:58There's
- 4:58no
- 4:58harm
- 4:59in
- 4:59trying
- 4:59it.
- 4:59But
- 5:00will,
- 5:01as,
- 5:02as
- 5:02search
- 5:02continues
- 5:03to
- 5:03evolve
- 5:04and
- 5:04as
- 5:04people
- 5:04are
- 5:05using
- 5:05tools
- 5:05like
- 5:06Google
- 5:06Lens
- 5:06already
- 5:07to
- 5:07do
- 5:07this
- 5:07on
- 5:08any
- 5:08show
- 5:08that
- 5:08they
- 5:08want,
- 5:09like
- 5:09will,
- 5:10will
- 5:10that
- 5:11continue
- 5:12to
- 5:12be
- 5:12a
- 5:12pattern
- 5:13of
- 5:13behavior
- 5:13that
- 5:13people
- 5:15go
- 5:15to?
- 5:16Will
- 5:16they
- 5:16go
- 5:16to
- 5:16the
- 5:16LTK
- 5:17app
- 5:17or
- 5:17will
- 5:17they
- 5:17just,
- 5:18you
- 5:18know,
- 5:18pull
- 5:18their
- 5:18phones
- 5:19out,
- 5:19take
- 5:19a
- 5:19picture
- 5:20of
- 5:20whatever
- 5:20they
- 5:20see
- 5:21on
- 5:21the
- 5:21show
- 5:21and
- 5:21then
- 5:22they're,
- 5:22they're
- 5:22going
- 5:22to
- 5:23Google
- 5:23to
- 5:23buy
- 5:23it?
- 5:23But
- 5:24why
- 5:25not?
- 5:25Well,
- 5:25LTK
- 5:26could
- 5:26still
- 5:26be
- 5:26in
- 5:26a
- 5:26good
- 5:26position
- 5:27in
- 5:27that
- 5:27strategy
- 5:27too
- 5:28that
- 5:28you're
- 5:28talking
- 5:28about.
- 5:28Like
- 5:28if
- 5:28they're
- 5:29the
- 5:29ones
- 5:29that
- 5:29have
- 5:29the
- 5:29great
- 5:29search
- 5:30data
- 5:30that
- 5:30pops
- 5:31up
- 5:31on
- 5:31Google
- 5:31and
- 5:32then
- 5:32you
- 5:32end
- 5:32up
- 5:32on
- 5:32ltk,
- 5:33that's
- 5:33also
- 5:34a
- 5:34win,
- 5:34win
- 5:34there
- 5:35too.
- 5:35So.
- 5:35Yeah,
- 5:36yeah,
- 5:36it's,
- 5:36it's,
- 5:37it's
- 5:37something
- 5:37to
- 5:37watch
- 5:38for
- 5:38sure.
- 5:38It's
- 5:38really
- 5:39interesting.