#329 - The Crystal Ball of Commerce: Predicting Trends with Next Big Shop’s Founders

David Hoffman and Samir Rayani co-founded Next Big Shop, where they leverage their expertise to analyze and interpret publicly available but hard-to-access e-commerce data for insights into retail success and product trends. As partners, they collaborate on developing data products that inform and guide direct-to-consumer strategies for various brands and industries.

In this episode of DTC Pod, David and Samir explore e-commerce trends, the significance of retail presence for certain product categories, and the intricacies of building and using data products to analyze market and sales data. They also cover the challenges faced when building data products, the role of data in measuring the success of brand strategies, and the need for precise data communication.

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On this episode of DTC Pod, we cover:
1. E-commerce Sales Data Analysis
2. DTC Brand Strategies
3. Seasonality and Market Trends
4. Data-Driven Decision-Making
5. Subscription Business Models
6. Data Product Challenges

Timestamps
02:15 David and Samir’s background and experience in building data products
08:31 What data says about commerce trends in 2024
15:03 One of the hottest accessories brand: Blenders
18:55 Alo in apparel, how data can help optimize inventory turnover
20:57 Comparing brand strategies and impact on sales
24:52 Comparing beauty brands: Jones Road, Thrive, Peach and Lily, P. Louise
30:32 Using data to confirm or invalidate assumptions
31:39 Trending DTC topics and best-selling products in 2024
36:03 The relationship between demand and supply share
38:59 Beverage brands, DTC and retail strategy
43:34 Subscription business model, how subscription factors in data on Next Big Shop
44:50 Retail distribution, using data to define success metrics
48:45 Challenges of building data products

Show notes powered by Castmagic

Past guests & brands on DTC Pod include Gilt, PopSugar, Glossier, MadeIN, Prose, Bala, P.volve, Ritual, Bite, Oura, Levels, General Mills, Mid Day Squares, Prose, Arrae, Olipop, Ghia, Rosaluna, Form, Uncle Studios & many more.  

Additional episodes you might like:

• #175 Ariel Vaisbort - How OLIPOP Runs Influencer, Community, & Affiliate Growth

• #184 Jake Karls, Midday Squares - Turning Your Brand Into The Influencer With Content

• #205 Kasey Stewart: Suckerz- - Powering Your Launch With 300 Million Organic Views

• #219 JT Barnett: The TikTok Masterclass For Brands

• #223 Lauren Kleinman: The PR & Affiliate Marketing Playbook

• ​​​​#243 Kian Golzari - Source & Develop Products Like The World's Best Brands

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Projects the DTC Pod team is working on:
DTCetc - all our favorite brands on the internet
Olivea - the extra virgin olive oil & hydroxytyrosol supplement
Castmagic - AI Workspace for Content

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David Hoffman and Samir Rayani - Co-Founders of Next Big Shop
Blaine Bolus - Co-Founder of Castmagic
Ramon Berrios - Co-Founder of Castmagic