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Nirav Sheth

Solution Architect | Product Manager | AWS | Ecommerce - Empowering Businesses via Digitalization

Nirav Sheth is an accomplished entrepreneur with a background in engineering, particularly in the field of digital commerce.

In 2008, Nirav founded Anatta, his first business venture which has grown from a one-person WordPress Design business to a leading Digital Commerce agency with over 100 eCommerce specialists.

Anatta has successfully partnered with renowned brands like Dollar Shave Club, Vuori, True Botanicals, and Mack Weldon, helping them achieve significant growth and success through innovative and bespoke solutions.

Nirav has a wealth of experience in direct-to-consumer (DTC) eCommerce, having served as the Chief Technology Officer for WeWork, Athletic Greens, and Rothy's during their periods of substantial growth.

He is currently the CEO of Anatta, where he actively engages in projects as the Executive Sponsor and also provides advisory services to entrepreneurs and enterprise CEOs.

Aside from his professional endeavors, Nirav enjoys DJing, especially R&B and jazz, and values his role as a husband and new father.

With a strong educational background in Electrical and Electronics Engineering from The George Washington University, Nirav continues to drive the growth and success of businesses through Anatta's strategic services and partnerships.

Highlights

Sep 3 · linkedin

Here are my top 5 BlackFriday/CyberMonday 2024 opportunities for DTC brands:

  1. Pricing

  2. Black November

  3. Easy Competitor Comparison on PDPs

  4. Customer Sentiment Analysis with AI

  5. Dynamic Pricing with AI

  6. Pricing

Nothing has fluctuated more throughout the year than consumer spending.

The goal, now more than ever, is to lower the bar to entry while delivering as much value as possible.

Selling 4oz of a best-selling product? Try selling a 3oz version.

Have products you want to move fast? Discount those items more steeply.

  1. Black November

Since consumers are spending less, extend your BFCM sales to the whole month of November.

Let’s say someone has $1,000 to spend.

If you’re early to the gates, the consumer still has their full holiday budget.

But if they don’t learn about your sales until the tail end, they may be left with only $50-$100.

Getting in early means they have more money to spend—which means they have more money to spend with YOU.

  1. Give Customers Easy Ways to Do Competitor Research

80+% of consumers research products online before buying.

That means they find your competitors during the process.

But what if you put a spot on your PDPs directly comparing the price and features of your products against competitors?

Show a consumer this information upfront and you may just keep them on your site and earn their trust.

  1. Monitor Customer Sentiment with AI

AI tools can help you analyze customer sentiment via reviews, social comments, or direct support tickets.

The benefit here is understanding how customers interact with your sales prices.

Are the discounts right?

Do you have the right items bundled together?

Is your return policy good?

When customer sentiment says one thing but you’re doing something else—pivot.

  1. Dynamic Pricing with AI

Can you only implement one thing for this year’s BFCM?

I would recommend dynamic pricing over everything else.

With AI, you can set a price range for your on-sale products based on how many views the product is receiving and your inventory levels.

That way, you can adjust prices based on supply and demand.

P.S. Not sure which of these 5 might be best for your business? DMs are open!

#ecommerce #dtc

Aug 29 · linkedin

The best feedback you’ll ever receive is blunt, raw, and grounded in respect.

#management #leadership #workculture

Nirav Sheth
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Location

Greater Toronto Area, Canada