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🎞️ Clipfinder: Quotes, Hooks, & Timestamps
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"The Power of Customer Insight: "We basically read as many reviews as possible, found out where all the flaws were in other suitcases, and saying, well, this is the beginning of the design brief."
"Iterative Improvement: "Product is never finished so this concept of getting something perfect is not real. There is no such thing as perfect. You want to continue to be iterating, continue changing things."
"The Power of Physical Retail: "It's what customers actually want. And I'll tell you, in travel in particular, there's a really good subset of people who are like eight weeks out, they book the flights, six weeks out, they book the hotels. They know exactly what they're wearing. They know exactly what they're doing."
"Launching in China: "It was a super cool thing to do. And eventually we'll go back. Eventually we go back and things, politically speaking, things are getting better, so we don't mind being Australian there again. But for that period, it helped us get through sometimes when things are in lockdown. We weren't in the US then. We we really needed momentum, we needed to feel like we were winning, at least, and growing and launching in China helped us build up."
"Adapting to Different Markets: Having a physical presence, having people know that you're real, especially from a London perspective, makes all the difference to carry you over."
📚 Timestamped overview
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❇️ Key topics and bullets
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I. Founding of the Company - Company wanted to release their product for Christmas sale, but it got delayed - Created saffiano leather luggage tags - Presold most of their stock through the Founders Club
II. Adapting to Changes and Challenges - Launched online retail in China - Launched a luxury Trunk Collection of luggage and an affordable Battleground Collection - Marketing challenges and language barrier in the Chinese market - Introducing multilingual personalization engine for Chinese market - COVID-19 pandemic impact on the travel industry
III. Innovation and Development - Building a new brand to challenge Samsung's domination of the APAC region - Iterating products over 150 times since launching - Customer feedback as foundation of the business - Developing new products including world's lightest double wheel carry on and a polycarbonate product
IV. Expansion Opportunities - Preparing to launch in the UK and European markets, targeting budget airlines - Launch in the US was remote due to COVID-19 lockdown in Australia - Personalization strategies developed for remote launch, with press done through VC - Partnering with premium retailer in Hong Kong - Canvas bag with specific features has been successful
V. Vision for the Future - The company aims to grow its brand and get more people to know about it.
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