Having both a cheaper front end product and a more expensive back end product are crucial for a successful business strategy. It allows for a larger customer base while still making significant profits from a smaller number of high paying customers.
The guest speaker emphasizes the importance of proper pricing when it comes to software. He suggests that one should always charge more than they think and shares his experience of doubling and more than doubling prices on software companies.
Being a designer comes with a unique curse of visualizing things differently than others, which can cause challenges while solving commercial problems. The fine art world may not face the same issue with talent and commercial demands.
The low cost model of consumerism in the United States may be coming to an end, or it will accelerate the implementation of automation across that sector of the economy prompting businesses like Taco Bell to make decisions about their pricing strategies.
In this podcast, the hosts discuss how sometimes belief trumps logic in tech investing, despite the importance of diligent work and simple valuation.
Companies like Amazon, Home Depot and Lowe's are competing to manage the power infrastructure of homeowners through products such as solar panels, and may offer incentives such as free panel installation for those with a membership. As subsidies have made it a profitable option, these companies want to own the relationship with homeowners and manage their power infrastructure.