The Future of Fashion Technology: AI, Branding & Live Shopping Trends | Anya Cheng

Today's episode was a fun one. Talk to Anya Chang, she is the founder of Taylor. .style. Talked about how they're using AI to help you style your wardrobe, and again, hey, this is the Netflix of wardrobe wearing online. What does that mean? Means ultimately you grunt before you own. You don't even have to buy it. You only have to do laundry. Are you kidding me? No laundry? Stylish clothes? Save in time? Check. Check. Check. Check. All that. And more. What if AI was used not as a tool to replace people, but as a way to help understand people? Better. AI from SurveyMonkey is designed to do just that in crafting the perfect survey. It's harder than you might think. To analysis that digs deep, finds patterns and surfaces trends quickly. SurveyMonkey's powerful suite of AI capabilities make it faster and easier than ever before to get insights from real people, helping you make confident decisions for your business. Try it today at SurveyMonkey.com slash Ryan. We have those unique data. We put it together and we buy two companies, their styling information from their 10 years operations. Then we layer on top of larger language model, because they grow, we also grow, but we always want to step ahead. So if you are a small business or you're starting a company, now is your time, because building AI is easy, all you need is unique defensive data. This is right about now with Ryan Alford, a Radcast Network production. We are the number one business show on the planet with over 1 million downloads a month. Taking the BS out of business for over six years and over 400 episodes. You ready to start snapping necks and caching checks? Well, it starts right about now. What's up guys, welcome to right about now. We're here to help you get right now. Hey, we can talk about what you should have done, we can talk about what you should do. We need to talk about right now. You know what's right now? It's AI. It's lots of it. It's every day. It's in front of us. But ultimately, hey, I like to look good. It's my style. My image as well. I go straight to the source. It is Anya Chang. She is the founder and CEO of Taylor. She's making everybody look good. What's up, Anya? Hello, this is Anya from Taylor AI. We use AI to pick clothes for you. In the past, only celebrity has human stylists. Nowadays, with AI, everybody has your personal stylists in your fingertips. But in addition, we send people real clothes for you to wear for a couple of days, a couple of weeks, no more shopping, no more laundry. Actually, it's rental service. Before starting a company, I helped you Facebook, Instagram, shopping for me. I had a partner for eBay, also senior director in McDonald, around the food delivery business. When you are ordering McDonald's from your phone, there was my partner and helped target to build the tech office here in Silicon Valley. Excited to be here today. You really are 40 under 40. I'm going to tell you what, girls in tech, 40 under 40, she's got to go on on. You've been around the block. That's right, that's right. Yeah, and I'm also teaching at Northwestern University. I teach marketing and product management there. So excited to share some example in case studies. Anya, I want to talk mainly in our short time together about what you're doing with Taylor, how you've grown that business, the future of all AI, is at least your business. But let's say at least because you do have an impressive background. You've worked Facebook. You just named the Who's Who, some tech brands and otherwise. What's the one thing that our audience could know about you and what you learned working at some of those giants and maybe one of the biggest takeaways then led you to your own path? I think so one thing. The reason that I started a company was there when I was working for big tech companies before. I was a female leaders for big tech company. I came from data scientists and marketing background. But I did do a lot of tech knowledge teams. So I always feel a little bit impassive of seeing joy. I'm ready for the day. I'm sure many people like me who have a dream feel that sometimes. I start feeling like maybe at least I need to do great. Dressed up, looks presentable. When I'm freaking out, nobody will find out. I started using some subscription boxes like did fix them. Some other subscription boxes out there. But you all have to buy. They do style you. But once you send you the box within few days, you have to decide if you're going to buy. It's almost like Netflix show versus buying a DVD of home alone. If you're watching Netflix show, you don't have to decide. You watch for streaming as you don't like it move out. Who cares? It's subscription, tons of options out there. Versus buying a DVD you have to really sure. And I didn't like the pressure of a coming one. When I started renting clothes company like newly, 500 million revenue in just five years. Or backed by Urban Laugh Theater. Rent the wrong way or more. Lots of women's rental company. All of them require me to pick hundreds of thousands of garments. Pick, pick, pick, spend two hours. And it was a hot moment for me that I realized I do not like browsing and shopping. And I don't know fashion. I don't have strong fashion since I don't know what to pick. And most of fashion companies have the design for people who are into fashion. Not for people like me. Just want to get ready for the day and be successful. And that's what Taylor was for. But for your questions on what did I learn from big tech company? The end up right here. I think one thing that I learned really important in big tech companies. Always focus on finding the right problem. Versus only focus on figuring out the solutions. Because when you are fixing a room problem, no matter how great your solution is, it's going to be wrong. For example, when I targeted, they thought of the one problem, which is mom, but they go to store. Sometimes they forget one thing. Yes. How about we view something called shopping list? You list the shopping list, you go to the store, the app become an in-store GPS. Turn right, turn left, never forget one thing from the store. And launch your features for six months, lots of money, geofencing all of a product in the locations in different stores, eventually nobody uses it. Why? Moms. They are going to the store to get lost. They like to wander around the store. And they have been stored for 10 years. They get away from their noisy kids. They want to be lost in the store. So they can buy something and spend time there. Me time. Solving the right problem is extremely important. And that's why we found that these busy men who are not into fashion, but single guy salespeople recruit a faster professor. Really, don't care about fashion, but need to look good. And we are solving the problem to help them to be more successful. Smart. Get us all the right problem that starts there. Anya, before I turn a little bit more to Taylor and some of the specific you get things you guys join the AI. One question for someone is astute is yourself on the marketing side. We're in this world now and obviously sales is everything for a company. Where do you fall on the performance marketing versus branding? Do people care about brands anymore? Is it just about, hey, you saw my problem? You got a product boom. Don't really care about the brand for someone like yourself that's in tech. I can easily see you falling into solution sale. Does brand still have a place? Yeah, I truly believe so. Example was my old company Sears. Sears as when we were as Sears came out. Our website actually faster than Amazon. The feature, the performers. Every single website content 10 years ago is actually personalized. Not everybody see the same website. Not everybody see the same email. Not everybody see the same ad 15, 5, 10 years ago. Sears was more cutting age than eBay. Most people don't believe so. But when I joined eBay, I realized so. It's so true. However, people don't like the brand. They never really attached to it somehow. It's the great amazing website. There's some product. But then when you don't have a brand, people don't have relevancy to you. Right? So for example, while we found that in our model, people are not really just buying clothes. They are buying the chance to succeed. But we say, man, to wear a random subscription, nobody care. But when I say, hey, I can help you to dress up for your day night, which you don't have to worry about. Your day night just focus on a conversation. People buy the service, people use your service. And I can tell you a meta. At one point, they actually do blind testing. They sell the glasses. And at one point, they just put down the height of glasses. They put like aculars, versus other brands on apples and some others. We see people actually choose differently. I do think that if both are equally important, we know the marketing funnel. If you don't have a consideration, there's no performers marketing needed. However, it's also if you only have branding, but you don't have performers marketing, you can never convert those awareness in consideration. We recently won the American Marketing Association Award of Excellence in Marketing by doing very well on chat GPT. Nowadays, people say, performers marketing more and more get into like chat GPT SEO versus Google SEO because more people are asking questions here. How we do it is that we use human and machines in a group and exercise. We start with identify the user journey, why people search for something even on chat GPT. Identify the question people were asked. We have a human to write down the overall outline. We use AI to generate content. From there, our human style is revising a content with their point of view. And then when we send a customer's outfit with a styling note, our customer will provide feedback. Would you feedback into the notes with the content? And then those content generating too automatically to the website which will get more traffic coming in from chat GPT and as regular SEO. And you become an automatic flywheel so that we won the award. We got 10,000 impressions for free from there. But I truly still believe brand is important. So that's the performer's marketing. Woman after my own heart, talking about the purchase funnel here. I love talking about purchase funnel. You got awareness, consideration and tint. And then you got to make a purchase. Yo, man. Whoo, heart beating. I'm a marketer at heart on. I will say it's really smart. What you're doing because people are moving from SEO. Hey, all about all this list. No, just give me the answer. It's about answers about solving the problem. It does lead to a fasting discussion is when there's only one answer. What happens to SEO? Well, let someone else smarter than me. I saw that one on you. You just talked a little bit of how you're using AI. It's been at the core of the business. I take it since day one from what I heard and what you described. What's been the biggest learning lesson being on this cutting edge of AI? ERA of AI is very different from the era of algorithm. If you look at last generation, Google is a black box of algorithm. What's rent high is important. But nowadays, unless you are Elon Musk, Mark Zuckerbergs, otherwise, most of you are going to use open AI to chat with these parent companies where Elon Musk, AI's or Google's AI, etc. So nobody is going to view your own algorithm. Means what? Means data is way more valuable nowadays. Building AI is easy. It's like building websites 20 years ago. You need a whole bunch of engineers. Nowadays, you need $10 on Shopify. You're done. Nowadays, the key things that you have your unique data. So you can bring your data later on, type of whatever large language model, the Elon Musk, Mark Zuckerberg view. At Taylor, we know customers' true preference. Why? If you go through the store, may see it no strong to Amazon, you buy or spy, don't buy something largely because of price. Your decision is polluted by the price. But when you watch your Netflix show, the show is not on discount. You watch which show is you truly like it. The same thing for our membership model we pay people pay $100 per month. Whatever the clothes they pick, along with our AI, that our AI actually picked for them. But when they want to get alert, I'm doing deciding that is what they truly like. We also get feedback every other week because the customer wanting to make sure the next shipment is better. Versus in the past when I'm working for Target, when people never give feedback, unless it's one star and they're so pissed off about that. And we all don't know future. AI don't know the future. AI know the past. But we are working with 300 fashion brands. They are designing something for the future. Next year's trend. This year, the most popular color is Mocha. Like Napa Mocha, the Mocha color. What's the next year's color? They are designing that. They are deciding that. And we also have human's dollars. They have no heart. Why you don't just search? Why you find celebrities still use human's dollars? Because they are still better. We have those unique data. We put it together and we buy two companies, the styling information from their 10 years operations. Then we layer on top of larger language model. Because they grow, we also grow, but we always want to step ahead. But if you are a small business, we're starting the company. Now is your time. Because building AI is easy. All you need is unique defensive data. For example, my friend is a doctor. He's a dentist. All he does is just have one, like the practice for 15 years. But he has those images for 15 years with different teeth issue. So now he's building his AI to detect teeth issue because he has those images. Those unique data they know what else has. Think about that. And then for your previous questions about the SEO for chat GPT, one thing you should know is that in the past for Google, they only consider structured data. Miss copies. Remember an image like Google doesn't read Ryan's image. But we have to write Ryan right about now. Show behind that image so that Google can read. However, now a day AI, they read both. They read image, they read videos, they read both. Multimedia become a lot more important. User-generated content become a lot more important. And that's the difference doing SEO nowadays on chat GPT versus before. That's good. Hey, I mean, I'm out there, man. I got thousands of episodes and highlight clips and smart people like Anya coming on the show, telling us all the good stuff. Hey, we're covered on you. We're good. Exactly. No. Walk me through. And I'm a busy executive. My wardrobe sucks. Not mine. Mine stylish because I got things like Taylor and other things that I use. But talk to me what that process looks like. Yeah, our customers, they slide up just like Netflix show. They signed up for a membership. $79, $98, however program they pick. So then they can't get to wear like 10 clothes per month, for example. So they start with a simple style quiz. How are AI know about you? We ask you some questions. We do ask you your high-end way, which we don't always use because a lot of customers they think they are taller and thinner. They will put that I am definitely size media. No, no, no, go to your closet. Pick your favorite outfit. Oh my God. When did I become a size lecture large? Yes. You're all high school. Hey, I'm 65 to 65. So believe me. I know. There are no mediums in the closet for me. That's right. So we do also ask them to go to their closet. Look at their favorite outfit. What size is this? And then most important question we ask is your purpose. Because our customers, they don't care about looking good. They care about looking good so that they get a job and they close the deal or they show number one every single day. They want to get five million followers like following and traffic every single episode. That's why they care. They care about success. No matter what's their definition of success. Some people success means more time with their kids. So then they don't need to worry about their farmer's outfit, a farm market outfit. Some people success means they close a deal, want a $10 million deal with these new clients. Our job is to make sure we dress up to success to project the best image that you want. And then from there, we ask you to upload a few pictures. You like this life certain item. And if you like, we get a 15 minutes consultation call with a human stylist. Our human stylist is good on Zoom call and then we'll talk with you. You can show the closet, your body, or whatever thing you want to show. From there, we send you the first treatment, seven item, for example. You already miss a match to multiple outfit and then fit with your upcoming schedule. And then from there, if you wear after you wear for whole weeks, if you're traveling, give it back to the hotel lobby with the return envelope that's prepaid. You go home without doing any laundry when you get home. The next day, the new clothes has arrived. So no more shopping, no more laundry like your Netflix show. Subscribe, you can watch a lot of things. So you get to try it, you don't have to buy it. And you get to trade in and out because that you want. And do you get the option to keep it or is it just raining no matter what? You get an option to keep it. And the good thing is that for most of a busy man, they never go to a dress store. So we all know sustainability, buying second-hand sprays, and if they've traveled, nobody have those times. So in this model, after you wear it for a few weeks, usually is quite on this count 10, 20, 50, 70% off. So then most of people just buy it. They look like still very new just like your airport rental card. They tend to be very, very new. Every year, you're renting three times, you're already so. And we partner with over a hundred brands, Marie Lear, Johnson and Murphy Bonobos, all kind of brand you never. For both the most famous American brand, but also resource pool of only fast brand in Italy, fast brand in Nath Netherlands, in UK, in Japan, so you get those amazing brands come here and then you can try. I can tell you most of our customer things that I've never wear pink. And our stylist, how about this? I give you a bonus item for free, try this one and they're like, okay, this is great. Can I buy two of that? So many of us never know our true style because we have been wearing the same thing again in the last 10 years. Real man wear pink. I like it. I love this because you get to try stuff. You just hit the nail on the head. You try stuff that maybe you wouldn't feel comfortable buying. And you know, you're not stuck if you don't like it. But a lot of times it forces you into trying something a little different and you could sample it. And then you get to at least expand your horizons of what you might wear. I'm a black t-shirt guy. And I come back to the black V-neck a lot but I've had to expand the palette. And I was like, all right, black V-necks. It's time to take a little break and gotta have a little splash of color. That's right. Most of them that they don't, we ask what color you usually wear blue, everybody's blue, right? No, but this year, the famous V-color is Mokai. Last year famous color was a red wine. Do you have those color? Even not. Check it out. These are still very, very trendy. Everything you don't have to know. Our human's tell us without AI will appear. For you, we even told you, okay, for shoes, you should pair with, for bells, you should pair with. And that's the way we are expanding into as well. Our customer uses more like executive system, canceas, you service, or more like the gadget that I behind super hero in those movies. So you ask questions about branding and what we are really selling. I think we are not really just selling clothes. We are selling the piece of mine, the convenience, the chance to succeed. And that's what our customers are really buying for. That makes a lot of sense. What about like, okay, tuxedos or, so I think it's not anything of rentals and you think of suits or something. Is this a service to use for those types of single one-off events? No, not at all customers. We don't have a suit. We don't have a tuxedos. Because most people don't wear their nowadays. We have blazers, sport coats, we have t-shirts, hoodies, sweaters, and all kinds of things for everyday wear. Our mission is to help people get ready for their days. So our customer uses more like your Netflix show. In the old time, you buy the DVD once a year. Like, okay, how are they? We will do this. But nowadays, you open your Netflix show, you become everyday. In the old time, you only rent the car once a year when you go on the road trip with your family. Nowadays, you open ubers and love you renting car every single day. With the luxury economy is getting a lot more and getting into everyday life. And also, we ponder with fashion brands that fall over the world. So instead of burning those inventory, today, 30% of clothes go directly from factory to landfill. Generating 10% of carbon emissions, 20% of polluting water. Fashion is the most polluted industry in the world. Instead of burning those inventory, we also help them to find a new outlet. And also a lot of brands, then the latest collections. Over a hundred brands, we ponder with a lot of them. They will be selling, testing their latest collections through the platform. Then they get feedback right away. Then they can design how to produce next year. And our customer only one hand helping to solve the environmental issue. On the other hand, become the guinea pig to try the latest collections. It's not even out there. Maybe you are wearing the most trendy shirt for next year. Hey, when, when? Would you wrap up here, I got a question for you about a trend that's been taken all, especially and it's a little late in the States. Been overseas a lot more. It's what your perspective live shopping. Where does on your fall on this? Are you a proponent? You think this is a trend that's going to expand? I personally do, but I'd love to know someone like yourself. What you think about what's happening in the live shopping space. You asked me a question because I think you live shopping for meta. So I feel live shopping Instagram Facebook shopping. I help to build a team. I attribute a live shopping feature for meta. I think for sure it's going to expand things. Most people ask me the question differently though. They say ask me why it's so slow in the US. As you know, it's been super popular in China. Southeast Asia. Most of the country's there. Live shopping is there every day life. And every year I heard V.C. investors come to me and say, on your YouTube diligent is company. We really think that it's going to blow up next year. Why? But then after a few years, you'll not yet die not everywhere yet. I still truly believe it will be very, very popular. But the reason why you haven't been, I think many reason number one. I think in the US, we tend to be a little bit more fragmented in terms of platform. I commerce platform or payment platform. Most people don't feel comfortable giving Facebook your credit card. While in China, Southeast Asia, many of those companies, they apply for for payments exactly the same platform for their e-commerce. That's where they shop, where they do the payment, where they book appointment for doctor appointments. They are super apt as all of those things. While here we feel like Amazon, the Amazon eBay is eBay, Instagram and Google map. They are all separate functions. Customer behavior takes a while on being emerged. The other things I think is also because of talents. If you look at those country that have very strong life shopping, they are engineers. The same thing, they are engineers who build payments and shopping. Other same people who build chat conversations. While in the US, I can tell you a lot of Google engineers or Facebook engineers in their entire life, they never build anything that was a physical product. Life chattings or other stuff, whatever Google map, there's no physical product. So it's very different from the engineer who worked in Amazon. They need to consider the warehouse, shipping time, the physical product, which is a very, very different user experience technology, collecting taxes, collecting, doing returns. Make sure you're right on time, when lifetime in the offline environment. So also talents are very, very different. However, despite those things, I still super believe that either commerce company, like Amazon, those companies, will incorporate a lot more social into it. I also do believe social company, meta-instagrams, and TikTok will still incorporate a lot more commerce in order to pool their attribution that they actually make an impact for the sales for advertisers. And I also still do believe there will be stand-alone commerce, social commerce platform emerge. That today you see that, for example, Sephora, I do see a lot of startups doing just Sephora type of company, but entire side is native from social commerce with social contents over there. So I truly believe this deal the future. Yes, what not, it's taken off. I'll tell you where it's taken off. And there's no looking back and there's trading cards and collectibles. Yes, I have a business in that. And let me tell you, people are hook line and sinker on live shopping. We'll see maybe in Taylor's future, who never knows, but ultimately, they're already breaking the mold using AI. Taylor, where can everybody keep up with you and Taylor and learn more? If you are investors, if you are suppliers and what tell us, your partner dating side, fitness center, career center, shows who needs office, free of free to reach out to me. I'm Ania, A-N-Y-A, and Taylor. A-I-S-T-A-E-L-R-R-D-A-I. Or if you are just customers, once you get ready for your day, no more shopping or laundry, always looks great, have human and A-I style, is to style you, then go on Taylor.style, let's T-A-E-E-L-R-R-D-S-T-Y-L-E, Taylor.style, use a call, podcast 25, podcast 25, to get 25% of your first months, or use a go on the gift card, to go in podcast gift, to get 10% of gift card, holidays around the corner, best gift is saving time. Love it. Podcast 25 and podcast. Was that gift? That's right. There it is. We got those. We'll have those in the show notes for everyone to take advantage of. Ania, it's a pleasure to meet you. Nice meeting you and thanks everyone. Would you all be very successful in saving time no more laundry? Who say, yeah, I cannot do your laundry? This is Ania from Taylor.style. Thank you. Hey guys, you're going to find us. Ryan is right.com. We'll find highlight clips, show notes and all the links that Ania so graciously shared for savings on Taylor. You know, it's always here. It's always right. It's always now. We'll see you next time. This has been right about now with Ryan Alford, a Radcast Network production. Visit Ryan is right.com for full audio and video versions of the show or to inquire about sponsorship opportunities. Thanks for listening.