“as a retailer selling
someone else’s brand?” – Ah, I remember this
one, I sent this to you. I like this one because
I wanted to go tactical. You know it’s so funny, talk
about the ying and yang meet. Like, I also don’t want
this to get too heavy and philosophical,
I want to go tactical. Anybody who’s a retailer
that’s struggling with like wait a minute, I sell sneakers, so am I going to
make Nike content, or Adidas content, or
Under Armour content, and put it out, who is this again? – [India] This is from Matthew. – Matthew, read it one more time, cause guys check this out,
I think this is interesting, how? – [India] How do you create content as a retailer selling
someone else’s brand? – Right, this is so interesting. As a retailer, you sell
somebody else’s brand. That’s the definition of
a retailer unless you’re selling retail your product, and you’re the
Under Armour store, right? So, I really got a kick
out of this question. I think it’s when people
are looking at the lens the wrong way. We live in a world now where
brands are creating content for themselves, at scale,
and I wonder if Michael, Michael right? – [India] Matthew.
– Matthew, I’m sorry, thank you, if Matthew is looking at
this wrong because he sees the optics of brands
creating content. If it’s what you sell,
you create content. Wine Library creates content
of other brands all the time because we are a retailer, and we’re trying to
sell this Pinot Grigio. It is not our Pinot Grigio,
it is somebody else’s, but we’re creating content
because we’re making margin, and we’ve chosen in
the world of business to be a retailer. Matthew, the way you create content, if you are a retailer of
other people’s brands, is to create content of
other people’s brands. – [India] Free content
or something like that? – You know, its what you do, if you sell other people’s
brands you make content. Now, what you could be asking, and more detail oriented,
back to being practical, is you may have to follow
guidelines of a brand when you’re producing content. I think you need to be
conscious of putting those brands in a good light, because they’re you’re supplier, and they are more than
capable of discontinuing you selling that product, so you have to be political
about what that is, but you also have to
find a different angle, that is your angle,
from the brand’s. I think one of those
places is price. You know most brands
are not going to price because they know the
retailers are selling things at different prices, so their content in the ecosystem is more jab-oriented branding, you could actually be more
in the right hook business. This Pinot Grigio got 90
points from Wine Spectator and is on sale for $11.99, so you could, you know, those are kind of things
a retailer does. You could also create
content of that product within your retail store, and so you’re showing
it in that environment. Again, another thing
brands won’t normally do, because they don’t want to
allude to being favorite, picking a favorite from
one retailer to another. So use the advantages
that you have that you know the
mothership brand won’t do, but you can possibly do, and I think for all of you, now leveling us up back
to the theme of yesterday, I’m trying to do that
more in the show. I think way too many people
dwell on what they can’t do, instead of realizing
what they can do, right? So focus on the things
that make you uniquely you, and do the things that you know
that other people can’t do. Whether that’s your partners, like a supplier and a retailer, or that’s your competitors, they happen to be in this state, you happen to be in Colorado, and you have pretty mountains,
use that to your advantage. You know, like I can’t
make mountain content here. – [India] You hate mountains.