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This rather violates the idea of 'sell your by-products' though doesn't it? I agree for the initial phase of a startup this is a good strategy, but does it re
by bashtoni 15y ago
This rather violates the idea of 'sell your by-products' though doesn't it?
I agree for the initial phase of a startup this is a good strategy, but does it really make sense to ignore additional revenue streams which might actually be better than those you originally decided to concentrate on?
- chc 15y agoI think the point is that those byproducts are just that — byproducts, not part of your core business plan. If your business is relying on byproducts rather than just exploiting them when they appear, you have kind of a fragile model.
- deleted 15y ago[deleted]
- dextorious 15y agoYou have to have a product before you can have by-products, that's what he says. You cannot begin with a business plan/model scattered all over the place, with some core product and several byproducts.
- pbreit 15y agoIf the other revenue stream is better, then switch to it. But the point of the article is, no, don't sell your by-products. Focus on your best revenue stream.