Mariah Parsons, Head of Marketing at Malomo and Host of Retention Chronicles, and Jen Gray, SVP of Marketing at Recharge, discuss the importance of subscriptions in the Shopify ecosystem. Jen, who transitioned from big tech to Recharge, emphasizes the value of subscriptions in powering consumer routines and driving predictable revenue. They highlight the shift from a goods and services economy to a routine economy, where DTC brands focus on embedding products into daily lives. Jen shares insights on product diversification, such as Casper's transition to a sleep company, and the importance of product positioning and consumer behavior. They also discuss the benefits of subscriptions, including higher customer lifetime value (LTV) and the need for personalized, flexible subscription plans. Recharge is launching the Tomorrow Brand Challenge to support subscription growth, offering $1 million in prizes to three winners.
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2:06 Jen Gray's Background and Initial Impressions of Working in Ecommerce
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3:40 Core Beliefs and Consumer Behavior for Ecommerce Brands
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5:55 Transition from Big Tech to E-Commerce
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8:18 Product Diversification and Positioning for Subscription Brands
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20:55 Subscriptions and Consumer Routines Are The New Economy
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30:44 Best Practices for Subscription Success
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37:16 The Routine Economy and Consumer Behavior
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41:29 Recharge’s Tomorrow Brand Challenge
