Go for the things customers CAN'T do - Get paid in $$$$
Go for the things customers WON'T do - Get paid in $$$
Go for the things customers DON'T do - Get paid in $$
Go for the things customers ALREADY do - Get paid in $ ONLY
One more way to think about this is
Important and Urgent things for customers - Get paid in $$$$
Urgent but NOT Important things for customers - Get paid in $$$
Important but NOT urgent things for customers - Get paid in $$
NOT Important and NOT Urgent things for customers - Get paid in $ ONLY
One more way to think about this is
Sell product to MORE CUSTOMERs (market size)
Sell MORE PRODUCTS (cross sell)
Sell product MORE FREQUENTLY (consumption)
Sell products at the PREMIUM PRICE (brand)
One more way to think about this from Product perspective is
Make something BETTER
Make something FASTER
Make something CHEAPER
Make something EASIER
Any thoughts on how your business is getting paid?
Therefore, the ultimate product is providing something a customer CAN'T do, that's urgent for them to do, where the market size is large, the supply side is small, that they need often, where we have multiple products to cross sell, and we've established high brand authority to price high. Thank you for this 🙏
Well said @elliottzelinskas, We are providing values in people's lives...
I sure hope so : )
. Thanks for sharing these insights!
I know money can't buy happiness, but it sure makes paying rent a lot easier Akshay. Thanks for dropping some financial wisdom on us!
You're most welcome!
Fascinating perspectives on the customer value and payment strategies!
This is really informative, I appreciate your effort you put into this. Seems like you are speaking from experience.