Chapter
Cost of Returns and Benefits of Product Rental
43:41 - 47:12 (03:31)
The cost of returns can be high, affecting both revenue and customer experience. Renting out products, like clothing, can minimize return expenses while providing a new source of revenue.
Clips
Newly is a rental business owned by Urban Outfitters that offers a monthly subscription where customers can choose six items to rent for the month and have the option to buy at a discounted rate at the end of the month.
43:41 - 44:31 (00:50)
Urban Outfitters
Summary
Newly is a rental business owned by Urban Outfitters that offers a monthly subscription where customers can choose six items to rent for the month and have the option to buy at a discounted rate at the end of the month.
ChapterCost of Returns and Benefits of Product Rental
Episode3 Profitable Business Ideas You Should Start in 2022, Dog Food Billionaires, and Focusing on the Next Step with Steph Smith
PodcastMy First Million
The speakers discuss the topic of returns and revenue costs in terms of percentage of orders and revenue, using a men's suit brand as an example.
44:31 - 47:12 (02:40)
Returns, Revenue Costs
Summary
The speakers discuss the topic of returns and revenue costs in terms of percentage of orders and revenue, using a men's suit brand as an example.