\"So I was trying to return and I did not buy on through Amazon because they didn't have, it was not available. Uh, it was not available on their store, but it was available through Shopify Shop. I don't know, like Shop.com, but it was through, uh, it's like market, another marketplace, and I bought it, but I cannot now I cannot return it because they said like, did you open it? I'm like, of course I'll open it so like. But in our policy, it says if you open it, you're not able to return and I'm like, now I'm like ending up with this $400 like mic.\"
Takeaway:\"I, I love the strategy. It does take some work on your end, but you can do it through different mediums. You can do it through email marketing, you can educate your customers about your products through your social media, through your blogs, platforms.\"
Takeaway:\"So Amazon, as we all know, Amazon have a 2 day shipping. Uh, was a prime membership here in New York, when I used to work in corporate America, they had 1 hour or 2 hour delivery. Yeah, and also for the Whole Foods because I live not far from the distribution center, they do the same day delivery. Uh, so this is a convenience and people pay extra for convenience and people will stay with you because of the convenience.\"
Takeaway:\"So they have like this tier called general admission, this tier called Front row, VIP backstage pass and stuff like that. Uh, but basically, like depending on what tier you are at, um, you can get like different, um, like experiential rewards, so you have, uh, you can be featured on their Instagram and TikTok. I think they do have like a few million followers, so that's huge, so you can earn yourself a place in their Instagram or TikTok stories which I think is huge.\"
Takeaway:\"I think marketing is. I mean, obviously I'm gonna say it was email marketing. I might be biased Andre, right, working in this industry and their emails are excellent, by the way. But yeah, I, I, I think they're doing an amazing job with like influencer marketing with um all of this like community building thing and yeah, I might as well actually join their running club.\"
Takeaway:\"But they actually give you the option. So you can either get like an actual cashback, which is like $30 for example, you can get a $30 Visa debit card or if you want, you can get $36. Is like 20% more if you opt in to get like a gift card for the store and so basically they incentivize you to get a better value but with their store, which I think is like super cool because literally the money they do not leave that like ecosystem that you built for your business. So yeah, this is so cool.\"
Takeaway:\"So there's no, uh no need for you to come back to the store, but store credit is how it works, so it's like 50% back, for example. So you're paying hundreds. Do, but you're getting back $50 in the store credit. So in the future, you want to come back to the store because if you want to spend another $100 you already have $50.50 dollars which you can apply towards your purchase. So, maybe for you as a business, it's the same thing in terms of how much discount you're giving, however, it gives incentive for a customer to come back to spend more with you and this is, I mean, perfect retention strategy.\"
Takeaway:\"I mean, let's look at the HubSpot. If you're not familiar with the HubSpot, HubSpot have a lot of free tools that businesses are paying money for. So they started with a free tools and they still offer free tools like a free CRM, free chat on your website, free website builder. They have a bunch of free tools. This is how they get you kind of in the door and of course if you you want to use more of it, you have to pay or same thing with apps, you are using the app, let's say Fitbit Fitbit.\"
Takeaway:\"Can you imagine like 50 million people pay you as a brand money to be a part of this like exclusive club. I just checked and so they worth 5 billion, 5 or 5. OK, because I have like a different note in my note, but like it's still very impressive, right? I mean, it it's insane like especially considering that they were like pretty much at the verge of going bankrupt in the 80s and they just like because they didn't have enough money to like advertise, uh they come up with this like unique idea of having pretty much like ambassadors, I guess, but in this case, they were not paying ambassadors, ambassadors were paying them to be a part of this exclusive ambassador club. How cool is this, right?\"
Takeaway:\"That's exactly what Gymshark did, they have this like amazing blog that they run about all of the like gym strategies, gym recommendations, stuff like that. They do have pop up shops where you can come and meet your favorite brand ambassadors and for brand ambassadors, they have this like the most influential like athletes and the most influential um like gym influencers and stuff like that. But I also love that they do have an online like clubs, like running club for example, but also like a physical club, physical running club in some cities.\"
Takeaway: