Chapter
Common Mistakes in Direct to Consumer Business Model
39:49 - 48:12 (08:22)
Novices in direct to consumer business often miss out on leveraging the information advantage, capital efficiency, customer intimacy, and product improvement, which can provide a compounding effect of great value towards their business.
Clips
Investment
Summary
Two speakers talk about their best investment in life. One invested in a public speaking course which multiplied other skills, while the other invested a thousand dollars to start his own company.
ChapterCommon Mistakes in Direct to Consumer Business Model
Episode#534: Michael Dell, Founder of Dell — Early Failures, Battling Carl Icahn, Learning from the Competition, and How to Play Nice But Win
PodcastThe Tim Ferriss Show
The direct-to-consumer business model provides companies with advantages such as information advantage, capital efficiency, customer intimacy, and the ability to improve the product, resulting in a valuable compounding effect versus delegating the process to various parties.
44:47 - 48:12 (03:25)
Direct-to-consumer
Summary
The direct-to-consumer business model provides companies with advantages such as information advantage, capital efficiency, customer intimacy, and the ability to improve the product, resulting in a valuable compounding effect versus delegating the process to various parties.