2 ms·

On the contrary i have seen a lot of growth in live video based sales in the US, the younger generation seems to really like it. Ive seen IG boutiques move $100

• notyourday 7y ago
  This is the exact reason why tech people fail at business - their numbers are way off scale. 100K per hour for 50% of the hours $432,000,000 per year. Total worldwide revenue of LVMH for 2019 is 53.7B euros. At 100k/h for 50 percent of the time it that mystery IG seller is at nearly half a percent of LVMH revenue. If you can give an NYC boutique owner targeting a luxury market ability to sell 10-20k for 2-3 hours a week of their time based on your audience and you can replicate it across different subsections of a luxury market, you will be picking up clients until the cows come home. Of course not single client would actually be able to do more than 2-3 hours a week of sales at most because they simply won't be able to get the product needed to resell. The LVMH-like supply chain is corporate and it is not sold via random channels, so each of the successful luxury boutiques has their own developed contacts with the designers/producers who have very small ( measured in single digits ) manufacturing capacity ( it is however or maybe because of it commands LVMH-level and even higher pricing and higher than LVMH level margins). Tech platform part here is 100% irrelevant. Building the sales platform on a top of shopify would have had the exact same results.