Maximizing Total Lifetime Value for Sustainable Growth
Update: 2024-04-25
Description
Summary
In this episode, Joe Shelerud interviews Dan Brownsher from Channel Key. They discuss the current state of the e-commerce space, the challenges and opportunities for brands on platforms like Amazon, and the key factors that contribute to a brand's success. They emphasize the importance of high-quality products, brand building, and maximizing total lifetime value. They also highlight the need for brands to utilize upper funnel activities and measure them correctly.
Takeaways
- The e-commerce space is still relatively early in its growth, and there are opportunities for brands to succeed.
- High-quality products, brand building, and targeting the right audience are key factors for a brand's success on platforms like Amazon.
- Maximizing total lifetime value by driving repeat purchases or cross-selling is crucial for sustaining growth.
- Brands should consider utilizing upper funnel activities, such as streaming TV and video, to create brand awareness.
- Measuring the full funnel and understanding the contribution of each stage is important for effective advertising strategies.
Connect with Dan: https://www.linkedin.com/in/dan-brownsher/
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