Chapter

The Appeal of Claw Machines and the New Business Model Behind Them
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53:48 - 57:30 (03:41)

This episode explores the psychology behind the popular arcade game, Claw Machines, and how one entrepreneur is turning them into a profitable business by leasing them out to retail stores.

Clips
Winner Winner is a company that has created a warehouse of claw machines in Las Vegas, which are available to be played virtually from your phone.
53:48 - 54:38 (00:49)
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Virtual Claw Machine
Summary

Winner Winner is a company that has created a warehouse of claw machines in Las Vegas, which are available to be played virtually from your phone. Unlike traditional claw machines, where the prizes are limited to the location, Winner Winner's prizes are shipped directly to your doorstep.

Chapter
The Appeal of Claw Machines and the New Business Model Behind Them
Episode
#213 - How to Build a Community
Podcast
My First Million
The speaker talks about a toy winning app where users can buy credits and play to win toys, such as an iPhone or a stuffed animal.
54:38 - 55:50 (01:12)
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Toy Winning App
Summary

The speaker talks about a toy winning app where users can buy credits and play to win toys, such as an iPhone or a stuffed animal. They believe it is worth trying out and that there may be a big market for it in Korea or Japan.

Chapter
The Appeal of Claw Machines and the New Business Model Behind Them
Episode
#213 - How to Build a Community
Podcast
My First Million
The combination of machine work and human intervention is increasing in different fields like construction, driving, arcade games, and cleaning, among others.
55:50 - 57:30 (01:39)
listen on Spotify
Remote operation
Summary

The combination of machine work and human intervention is increasing in different fields like construction, driving, arcade games, and cleaning, among others. It is believed that this combination is better than waiting for the machine to be perfect.

Chapter
The Appeal of Claw Machines and the New Business Model Behind Them
Episode
#213 - How to Build a Community
Podcast
My First Million