Direct-to-Consumer (DTC) brands are companies that manufacture and sell their products directly to consumers, bypassing traditional intermediaries such as wholesalers, distributors, and retailers. These brands typically operate through their own e-commerce platforms, websites, and sometimes physical stores, maintaining full control over their product development, marketing, sales, and customer relationships. DTC brands often focus on creating a strong brand identity, offering personalized experiences, and leveraging data-driven insights to cater to specific customer needs and preferences.
Will ChatGPT Become OpenAI’s New Revenue Stream?
OpenAI is building a payment system so people can buy stuff directly through ChatGPT without leaving the chat. According to Reuters reports, merchants will pay the AI company commissions on sales. It’s a new way to make money after losing $5 billion last year despite hitting $10 billion in revenue.