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businessFeb 11, 202242:16pending

Conspicuous Consumption

Future Commerce

About this episode

Crossborder, Spotify, and The Truths of Modern Living

  • “A lot of growth in retail and eCommerce is trying to sell you things that really nobody actually needs.” - Phillip
  • Behavioral purchasing modes help explain personal shopping habits and the need to stock up on a product one really likes. We all have behavioral purchasing modes, even though each individual might go about it differently.
  • Step by Step Season 7 Preview: The future of many brands is to go cross-border. But American brands cannot expect that other countries and cultures will have the same shopping habits and demand curve as US markets.
  • “The way that [brand operators] think about that consumer has to change, which means that maybe the whole purpose of [the] brand and the way [operators] market changes too.” - Philip
  • Buying items from Amazon is just pure fun. The Amazon Advertising ecosystem is also a prime example of conspicuous consumption.
  • You would think with DTC era and the growth of Amazon prime that recycling matters would increase, but they've actually been spiraling down.
  • Brian offers a genius new venture to Amazon for cardboard recycling. Hey Jassy, take note.
  • “Modern living, our work is really just waste management. Most of our lives are just spent managing our waste. I don't think it's that far from the truth.” - Brian

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Conspicuous Consumption

Future Commerce

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