Chapter
The Online Shift of Retail and Therapy Apps
18:30 - 21:27 (02:57)
The COVID-19 pandemic has caused a shift towards online retail shopping, while online therapy apps such as Seven Cups of Tea see growing demand. This has led some entrepreneurs to explore creating new therapy apps to meet the needs of this growing market.
Clips
The business model of paying $100 for an expert phone call does not work historically, and new companies like SuperPeer that attempt to do the same thing will likely face the same problem.
18:30 - 19:28 (00:58)
Summary
The business model of paying $100 for an expert phone call does not work historically, and new companies like SuperPeer that attempt to do the same thing will likely face the same problem. This is a common mistake in the startup world.
ChapterThe Online Shift of Retail and Therapy Apps
Episode#102 - Why a Handful of Meme Accounts Sold for Nearly $100m
PodcastMy First Million
The pandemic has forced people to rely on online services, such as retail shopping and telemedicine, more than ever before.
19:28 - 20:54 (01:25)
Summary
The pandemic has forced people to rely on online services, such as retail shopping and telemedicine, more than ever before. Therapy apps, like Seven Cups of Tea, have experienced a surge in demand due to the pandemic.
ChapterThe Online Shift of Retail and Therapy Apps
Episode#102 - Why a Handful of Meme Accounts Sold for Nearly $100m
PodcastMy First Million
Talkspace and BetterHelp are leading app-based therapy services that provide a digital platform for therapy sessions that were traditionally in-person, making it more convenient and accessible for users.
20:54 - 21:27 (00:32)
Summary
Talkspace and BetterHelp are leading app-based therapy services that provide a digital platform for therapy sessions that were traditionally in-person, making it more convenient and accessible for users. These apps have generated between 50 and 100 million dollars annually in revenue, proving to be a successful and effective alternative to traditional therapy.