How premium plan tiers help businesses sell more and increase margins.
September 7, 2023
Dating apps are launching higher-priced premium tiers, according to last week’s The Wall St. Journal. Hinge offers a new $50/month plan, and Tinder is launching a $500/month plan. The League already offers a $1,000 plan. These pricey plans take the sting out of Bumble’s $60/month plan.
Why are companies offering such plans? Because even if Tinder only gets 10% of users, that's millions. Plus, the profit and margins are likely higher for customers using these plans. A normal ...
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A new trend in retail is vacant shops in urban neighborhoods being converted to small warehouses. In the East Village on 10th Street, we see on the left the new warehouse model; on the right we see a traditional retailer. For the ‘store’ on the left, the customer orders via their mobile phone and then does a pickup or gets a delivery.
I’m seeing more of these ‘zombie stores’ around the city. Just in the East Village, I’ve seen four: ...
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I recently saw an advertisement for Windows 11 in Wired magazine. I thought: “Wow, finally something from Microsoft that someone can understand: a logical name for their software offering.” I recall a time when Microsoft had a confusing litany of software names including: NT, 98, 2000, Millennium (ME), Windows XP, and Vista--before finally relegating those clumsy names to the desktop recycle bin and adopting a simple, progressive number system. Apple has been naming its ...
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Macy's said it has partnered with DoorDash for same-day delivery through nearly 500 Macy’s stores nationwide, with no minimum order required, according to an emailed press release.
Macy's and payments company Klarna on Tuesday announced a five-year partnership that will allow Macy's customers to pay in four interest-free installments.
Sadly, we learned of this hack LAST week when it actually happened in...wait for it...April 2019–almost a year ago.
I predict that hacking is going to happen to more and more brands and stores in our industry. I think these victims will either turn over most online operations to a third party—or close due to costs. I know of a jewelry ...
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March 12, 2019
March 12, 2019
How does the retail industry compare to the restaurant industry? Both may be selling fewer high margin items, and giving up more of the profit to third-party platforms. While a restaurant pays a commission to DoorDash, retailers selling on Amazon may pay it 30%. And when a store sells on Amazon it doesnโt get the customerโs email or contact information. Itโs like a restaurant being turned into a back-end catering kitchen that never sees the eating guest. Thatโs not a recipe for success.