Chapter
Success of a Niche Product: Pool Test Strips
25:03 - 31:00 (05:57)
A company that produces pool water test strips has made $400 million in sales with a $100 million profit, despite its seemingly niche product marketed toward outdoorsy individuals.
Clips
The market size for high-tech radar detectors is in the hundreds of millions of dollars.
25:03 - 26:50 (01:47)
Summary
The market size for high-tech radar detectors is in the hundreds of millions of dollars. Leading companies such as Uniden have made a significant impact on this market by creating sleek and innovative designs.
ChapterSuccess of a Niche Product: Pool Test Strips
Episode#104 - Why You Should Be Studying MLMs
PodcastMy First Million
Escort and Uniden's smart pool devices allow pool owners to monitor their pool's chemical balance through an app, removing the need for a professional to physically check it.
26:51 - 28:49 (01:58)
Summary
Escort and Uniden's smart pool devices allow pool owners to monitor their pool's chemical balance through an app, removing the need for a professional to physically check it.
ChapterSuccess of a Niche Product: Pool Test Strips
Episode#104 - Why You Should Be Studying MLMs
PodcastMy First Million
The speaker discusses modernizing household products such as Nest and routers through technological updates and smartphone integration.
28:49 - 29:25 (00:35)
Summary
The speaker discusses modernizing household products such as Nest and routers through technological updates and smartphone integration. They highlight the success of Nest and routers as examples of how updating household items can lead to increased adoption and investment.
ChapterSuccess of a Niche Product: Pool Test Strips
Episode#104 - Why You Should Be Studying MLMs
PodcastMy First Million
The speaker reviews a company that sells a device to help outdoorsmen detect law enforcement officers, which has $400 million in sales and $100 million in profit every year.
29:25 - 31:00 (01:35)
Summary
The speaker reviews a company that sells a device to help outdoorsmen detect law enforcement officers, which has $400 million in sales and $100 million in profit every year.