How to Define a Flexible CEO Role with Max Rhodes of Faire
Inspired with Alexa von Tobel
00:00
What's Your Business Model?
The fundamental value prop, like I said to retailers is try before you buy. You can buy now, pay later, you get 60 days to kind of trial the products. And that solves two problems for the retailer. One, it gives them capital to actually try more inventory because they are often very capital constrained. Second, it takes the risk out of buying. We don't charge the retailer anything for that. We charge commission for the brand. If the products don't sell, we don't make money and we don’t charge the brands anything."
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