Max Levchin, co-founder of PayPal and Affirm, discusses the benefits of subscription models and shares insights on how to create successful products. He also touches on a few companies, including Guthrie Ranker and Proactive, that are currently losing money on every sale.
In this podcast, the host discusses the strategy of overcharging for mediocre products and the examples of successful businesses who have implemented it. He also discusses the absurdity of some podcasters asking for listener support without offering anything in exchange.
The speaker shares how he built a successful Facebook group with sub-interests to collect emails for his blog, ultimately leading to a community of 400,000 engaged members.
The decision to raise money or not for a business should take into consideration lifestyle goals and the type of market. Social media is an example of a market where it is crucial to get big quickly, whereas other markets allow for more variety and sustainability.
This podcast episode discusses strategies for influencers to monetize their content in order to sustain their brand and message. Examples are given and the importance of having a business model is emphasized.
The success of a product can depend heavily on its distribution, sometimes even more than the quality of the product itself. Being upfront and visible in stores or within popular feeds can help boost sales and exposure.