Chapter
Starting a Technology-Based Business
30:51 - 34:55 (04:03)
The speaker discusses the advantages of starting a technology-based business rather than a product-based business as technology can provide more sustainability in terms of finance. He suggests a product-based technology like wearables that serve as both displays and biometric trackers, allowing users to monitor aspects like heart rate and sleep patterns in real-time.
Clips
The addition of a green superfood supplement to the company's line of nutritional supplements quickly became their bestseller, selling through 8,000 units a month.
30:51 - 31:40 (00:49)
Summary
The addition of a green superfood supplement to the company's line of nutritional supplements quickly became their bestseller, selling through 8,000 units a month.
ChapterStarting a Technology-Based Business
Episode#71 with Nick Bare - Monthly vs Annual Subscription Billing, Fitness Events Post-COVID & Making Content To Build $10M+ Biz
PodcastMy First Million
The speaker emphasizes the challenges of financing a product-based business that can easily burn through a million dollars.
31:41 - 33:50 (02:09)
Summary
The speaker emphasizes the challenges of financing a product-based business that can easily burn through a million dollars. Instead, they suggest focusing on wearables or health technology, which is a growing industry that shows no signs of slowing down.
ChapterStarting a Technology-Based Business
Episode#71 with Nick Bare - Monthly vs Annual Subscription Billing, Fitness Events Post-COVID & Making Content To Build $10M+ Biz
PodcastMy First Million
The speaker doesn't like the Grab Me technology and prefers Garmin for its real-time data display and measurement features like heart rate and pace.
33:50 - 34:55 (01:04)
Summary
The speaker doesn't like the Grab Me technology and prefers Garmin for its real-time data display and measurement features like heart rate and pace.