New Frontier (AI & Ecommerce) artwork

AI Takeaways from Lunch With Norm with Kelsey Farrar

New Frontier (AI & Ecommerce) · with Martin Schwartzman · March 6, 2024 · 62 min

Summary

This episode explains how AI is revolutionizing ecommerce by shifting the power dynamic from retailers to consumer-controlled AI agents. Ecommerce businesses must focus on strong products, consistent availability, differentiated data, and superior end-to-end experiences to thrive in an AI-driven shopping journey. Those relying on gaming search algorithms or paid traffic will lose their competitive edge as AI intermediates the customer journey.

Key takeaways

Themes

ai & automationamazon & marketplacesdtc strategy

Topics covered

agentic commerceai shopping assistantsanswer engine optimizationdata differentiationcustomer journey optimizationamazon rufus

Episode description

This week Jo and Max are joined by Kelsey 'son of the beard guy' Farrar to discuss organic community building & growth, the best AI insights and takeaways from +500 episodes of Lunch with Norm, and Amazon's latest AI release COSMO. Kelsey is a master of organic growth hacking and community building - with +300k views on Youtube; +160k podcast downloads across Spotify, Apple, etc; +20k Amazon Seller subscribers on his newsletter and more recently building 12k followers on TikTok in the last 4 months with no advertising spend. He has also interviewed almost 100 experts on AI for Ecommerce, and breaks down the key takeaways from his own podcast, including in AI product development, upskilling and prompt engineering, and the best tools for Amazon Sellers. In addition, Max and Jo discuss Amazon's latest AI release COSMO, for which more information is available in the blog here. This episode is brought to you by Ecomtent. Get your free Amazon COSMO ASIN Audit ⁠⁠here⁠⁠ or at <a href="https://chatgpt.com/g/g-Ke1yp3oSG-amz-co

Frequently asked about this episode

What does this episode say about ai & automation?
Focus on building strong product differentiation and ensuring consistent product availability, as AI agents will prioritize these factors over traditional search rankings and paid placements.
What does this episode say about amazon & marketplaces?
Invest in collecting and leveraging differentiated data to train your AI for personalized customer experiences, as customer-side AI will increasingly control the buying decision.
What does this episode say about dtc strategy?
Optimize your entire customer experience, from discovery to post-purchase, as AI will remove friction and elevate brands offering seamless end-to-end journeys.
What does this episode say about ai & automation?
Prepare for the rise of 'answer engine optimization' to ensure your brand is favorably presented by AI shopping assistants like Amazon Rufus.
What does this episode say about ai & automation?
Recognize that AI will impact customer loyalty and LTV models, requiring new strategies to maintain direct customer relationships in an agentic commerce world.

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