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Sometimes it feels like the easiest way to make money with a new business today is to build something that helps another person make money. I'm sure it took wo
by ian-g 2y ago
Sometimes it feels like the easiest way to make money with a new business today is to build something that helps another person make money.
I'm sure it took work to build a database of rents in America for RealPage. But then they got customers to contribute their own data too, per the article
- CuriouslyC 2y agoThat's always been the easiest way. You can employ someone to work for you, but then you have to pay them, it creates a cashflow issue and you're assuming larger risk. It's much more efficient to structure your business to take a cut of someone else working for themselves as it trades a lower profit margin for a larger base and lower risk.
- BadHumans 2y agoDuring a gold rush, sell shovels.
- tome 2y ago> Sometimes it feels like the easiest way to make money with a new business today is to build something that helps another person make money. Isn't this exactly what all B2B businesses do?
- ian-g 2y agoI more meant that they probably have enough of the market now to stop collecting information. They can just charge their customers to access what's already there and offer a small discount if those customers contribute their new data