Consumer product businesses compared to tech businesses are inferior in two major ways. 1. Lawyers. Trademark, copyright, and patent infringement happens continuously to successful consumer product companies. To enforce your competitive advantages you must pay a lawyer.
Yeah you're right but that's kinda obvious. Yankee Candle is a better business than a consulting tech business without a brand. But on average...if you're trying to start something, avoid inventory, China, and lawyers.
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"But on average...if you're trying to start something, avoid inventory, China, and lawyers." Ya, if you have the skillset / option to avoid those, I 100% agree.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Random thought I just had to Ecomm vs Tech that I thought I'd mention since we just had a customer bump up their subscription from monthly to 3 weeks. Doesn't in SaaS besides yearly plans but at lower revenue. I guess no ones does that in Ecomm, except when buying 3, 6 packs
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This customer, on their own, chose from going for 12 orders a year to 17.3 without a discount or incentive. An increase in yearly rev of 44% from that customer.
End of conversation
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