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1 - Create a service others are willing to pay for. 2 - "Productize" your service, making it so any idiot can run it. 3- Instead of selling the new product, k
by rokhayakebe 16y ago
1 - Create a service others are willing to pay for.
2 - "Productize" your service, making it so any idiot can run it.
3- Instead of selling the new product, keep charging for the service fees but hire people in house to run the product.
Edit: Now you can charge $200/month instead of $19.99, and one person can probably run 30 accounts.
Examples: ReachLocal and Yodle.
- justincormack 16y agoThats not a service business as this article is talking about. We are talking about services that cost $1000 a day and dont scale without good people. $200x30=$6000 a month is not enough to run a really profitable service business either.
- rokhayakebe 16y agoI think ReachLocal does this to the tune of 40M/year in revenue.