Chapter
Nerd Feeding Nerds Business Model
25:10 - 30:44 (05:33)
The business model of charging for expert advice has been successful with startups like Clarity.fm and niche industries like astrology gaining traction.
Clips
The business of expert services marketplaces like Clarity.fm and Fountain have not been successful due to their high price points, limited vetting process, and lack of demand on the low-end market.
25:10 - 28:02 (02:52)
Summary
The business of expert services marketplaces like Clarity.fm and Fountain have not been successful due to their high price points, limited vetting process, and lack of demand on the low-end market.
ChapterNerd Feeding Nerds Business Model
Episode#156 - David Segal Talks Building a 9-Figure Tea Business, Decommoditizing Boring Products & The Future of Retail
PodcastMy First Million
Although the online business of personalized services like psychic reads or wellness coaching is difficult to establish, some verticals like astrology have been successful due to celebrity influencers.
28:02 - 28:55 (00:53)
Summary
Although the online business of personalized services like psychic reads or wellness coaching is difficult to establish, some verticals like astrology have been successful due to celebrity influencers. Such businesses can yield thousands of dollars a month and are likely to find continued success in the future.
ChapterNerd Feeding Nerds Business Model
Episode#156 - David Segal Talks Building a 9-Figure Tea Business, Decommoditizing Boring Products & The Future of Retail
PodcastMy First Million
In the 90s, infomercials advertising psychic readings from a Jamaican-sounding woman generated a billion dollars in sales.
28:56 - 29:39 (00:43)
Summary
In the 90s, infomercials advertising psychic readings from a Jamaican-sounding woman generated a billion dollars in sales. Although these psychics may not have had any real credentials, people were willing to pay for their predictions.
ChapterNerd Feeding Nerds Business Model
Episode#156 - David Segal Talks Building a 9-Figure Tea Business, Decommoditizing Boring Products & The Future of Retail
PodcastMy First Million
Is working at a psychic hotline a good idea?
29:39 - 30:44 (01:04)
Summary
Is working at a psychic hotline a good idea? This segment discusses the pros and cons of the job, including questioning whether you want to be the person on the other end of the phone providing advice.