Even Popular Products Can Fail, It's Called Business-Model Failure.
So if you have a million users, will you be able to monetize them?
As a business you need to know how you're going to monetize your user base, audience, customers. And also, you'd need to figure out if you'd make a profit from that audience.
Some businesses fail due to this issue. In fact, it's one of the 9 major reasons startups fail.
This clip is from How Startups Grow, Episode 6. In this episode we discuss the 9 reasons why startups fail.
Be sure to check out the full podcast at https://youtu.be/wNc3m3A3NgY
So if you have a million users, will you be able to monetize them?
As a business you need to know how you're going to monetize your user base, audience, customers. And also, you'd need to figure out if you'd make a profit from that audience.
Some businesses fail due to this issue. In fact, it's one of the 9 major reasons startups fail.
This clip is from How Startups Grow, Episode 6. In this episode we discuss the 9 reasons why startups fail.
Be sure to check out the full podcast at https://youtu.be/wNc3m3A3NgY
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