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How To Price For B2B - Startup School Can you expand more about what you mean by losing 25% of your customers to competitors? we should keep lowering our prices until we only lose 25% to our competitors? -- Topics: competitor analysis, price optimization Is there a benefit in pricing relating to cost now that AI is having more impact on the ability to reduce operations cost? Say the product is aimed at SMBs, with the goal being to obtain a high volume of these customers and largely keep them to a zero to very low touch, then does it make sense to set prices at "no brainer" levels and have those dictated largely by costs? -- Topics: cost-based pricing, market penetration pricing How do you price your service if your business model is transactional ? -- Topics: transactional business model pricing Tom, thank you for such a concise video. My question what to do with clients who for years are using the product but for very small price. Should we renegotiate the contract and increase the price or it's better not to do anything with them? -- Topics: contract renegotiation, pricing strategy Very interesting Tom. Thanks for sharing. I have one question about the value equation: you mentioned that you need to clearly define the equation with your champion and then charge roughly 1/3 of the value the clients receive. Do you disclose this directly to the champion (i.e. "you keep 2/3 and we keep 1/3"), or do you just present it as a price (in your example $ 700k)? If you choose the latter and later find that the value they get after the pilot is much higher, how would you go about raising the price then? -- Topics: value-based pricing, price adjustment What do you do when a prospect emails you what is the price so we can decide if we want to try it or not? -- Topics: initial pricing communication That's pretty cool thank you, it would be nice to learn about the projection for pricing in the long term when you start to scale up. -- Topics: long-term pricing strategy Another question, any tips on how to negotiate the validation? In most cases big clients don't want their logon on the homepage of the products they use. -- Topics: negotiation techniques, client validation Startup Business Models and Pricing - Startup School What is the business model of Apple according to the nine business models? -- Topics: apple's business model What type of business model does apple have according to the nine business models explained in the video? -- Topics: apple's business model We developed a POW layer 1 blockchain prototype designed especially for sending wallet-to-wallet messages, which allows users to mine tokens from the browser, where we charge a fee for each message sent, but this fee arrives in our prototype governance token. which has no value. Would this be a transactional model? although the token has no value yet. Or would this be technical innovation? -- Topics: transactional model, technical innovation Where does lending business fall into -- Topics: lending business model What model would “freemium” products count as? -- Topics: freemium model Is he an AI avatar or something? -- Topics: Read the business model guide here: https://www.ycombinator.com/library/Gh-business-model-guide Which of the nine models does your startup use? -- Topics: business models Tarpit Ideas: The Sequel My idea is to solve tenant-landlord problems at the scale of mid-sized rental companies that have approximately a few hundred tenants. My company will help these mid-sized landlord groups register as a REIT and issue shares, which they will then reward to tenants in exchange for on-time rental payment. Tenants are usually managed only by negative reinforcement, if they damage the property, they lose their security deposit, and that's it. But with shares of ownership, even a tiny fraction, the tenant will get to experience the ownership incentive, and this will lead to reduced damages, increased on-time payments, and help meet the requirement of having 100 different shareholders for the tax-advantages of the REIT structure. Anybody want to steal this idea or work with me on this? Or is this a tar-pit idea? -- Topics: startup idea validation, real estate investment trust (reit) I'm working on a legal defense strategy co-pilot for presidential candidates and ex-presidents. Tarpit idea? -- Topics: startup idea evaluation Oh and also, can you tell me if my startup idea is a tarpit? I'm making a copilot for letting you know when it's time to buy printer ink 😂 -- Topics: startup evaluation I’m working on an airline for penguins so they can finally fly. Is this a tarpit idea ? 🐧 -- Topics: startup concept feedback AI travel companion itinerary maker - still Tarpit ?? -- Topics: startup viability Dalton and Michael, what are your thoughts about the future of coding? -- Topics: future of coding 6:56 Michael I'm not sure how this example demonstrates how new tech (in this case GenAI) is now making previously unviable ideas more viable? Is there a palpable/profitable demand for computer generated podcast content? Or a problem this is actually solving? Couldn't someone have just typed up a summary of a research paper or a scripted topic and had good text-to-voice software make it sound like a podcast 5 years ago? Personally I feel like most people loyally listen to podcasts more for the host & guest (human) personalities/humor/opinions/etc. I wish you guys would've used this topic to share your perspectives on how GenAI-centric startups right now may actually have parallels to tarpit pitfalls. As someone who is actually working with GenAI tech, I'm feeling more and more every day that the "AI is the hammer and everything is a nail" mentality is still running rampant in businesses, but for many use cases, the jury is still out on whether the revenue or productivity gains are anywhere near the costs. đŸ€” -- Topics: genai viability, technological advancement in ai, ai in business What about Beli
? -- Topics: THIS mistake cost me $1600 Hey marc,Don't have any jsx OR tsx file in your project? - -- Topics: Hi, Marc! I have one question for you. What is better: building my own projects with current knowledge (even if I'll make lots of bad decisions in terms of realizing features) or completing courses first, and only after that moment start to build. -- Topics: learning vs. building Do you use tanstack/react query ? -- Topics: technology stack Hey, why don't you have a Discord server? I think it would be a great way for this community to come together -- Topics: community engagement Hi I am a big fan of your work. First of all, I wanted to compliment you on your content: it is always very helpful and well-done, and the way you share your knowledge is truly inspiring. I am also a developer and have created several SaaS applications, but unfortunately, I am having trouble monetizing them. I can't seem to find any customers, and I'm not sure how to best market my products. I was wondering if you could give me some advice on the marketing side: how did you find your first customers, and what strategies did you use to promote your applications? Any tips would be greatly appreciated. Thank you so much for your time and for the work you do. I will continue to follow you with great interest! -- Topics: marketing strategies, customer acquisition How I Find $50K/Month Business Ideas Great physic bro 👍. Bro do you yourself edit your videos? ok building a startup, but how do you get time to make videos? i want to build a channel like you. can you give advice, or do you have a video on that? I'm doing my business but not time for youtube( -- Topics: time management for youtube channels and startups, video editing process How do you maintain such energy and motivation bro 😼😂 -- Topics: energy and motivation maintenance Great video once again Marc! I love the way you edit your videos, bro. Can you share some sources for video editing that you based your videos on? -- Topics: video editing sources im so confused!!! someone tell me she is from japan or korea?? -- Topics: one pop 'cause u were "selling shovels during gold rush" . so find another goldrush and sell them shovels. I wonder if there are more business proverbs like this "selling shovels during gold rush" ? 😀 -- Topics: business proverbs What do you think is the best MacBook to start Programming at the Moment ? -- Topics: best macbook for programming I wonder what the initial cost is to deploy a project on production. Of course, starting with your magic tool "ship fast" ;) -- Topics: project deployment costs Startup Experts Discuss Doing Things That Don't Scale How can i get Letter of intent if im working on hard tech?Are LOIs part of doing things that dont scale? -- Topics: letters of intent (lois), non-scalable strategies Scaling a startup comes with its own set of unique challenges. From managing growing teams to ensuring product quality and delivery speed, there are many hurdles to overcome. Has anyone used tools like monday dev to help manage these challenges? Specifically, I'm interested in features like automations. How effective have these tools been for you in scaling your startup? -- Topics: scaling challenges, productivity tools I want to create a startup that requires no app. Thoughts? -- Topics: alternative startup models What's something you've done at your own startup that is a good example of "doing things that don't scale"? -- Topics:
Youtube Comments Thing 3
How To Price For B2B - Startup School Can you expand more about what you mean by losing 25% of your customers to competitors? we should keep lowering our prices until we only lose 25% to our competitors? -- Topics: competitor analysis, price optimization -- Parent Topics: market analysis, customer retention, pricing strategy, marketing strategy, revenue management, economic theory Is there a benefit in pricing relating to cost now that AI is having more impact on the ability to reduce operations cost? Say the product is aimed at SMBs, with the goal being to obtain a high volume of these customers and largely keep them to a zero to very low touch, then does it make sense to set prices at "no brainer" levels and have those dictated largely by costs? -- Topics: cost-based pricing, market penetration pricing -- Parent Topics: pricing strategies, artificial intelligence in business, small and medium-sized enterprises (smes) marketing, marketing principles, small and medium-sized business operations How do you price your service if your business model is transactional ? -- Topics: transactional business model pricing -- Parent Topics: pricing strategies, business models, e-commerce Tom, thank you for such a concise video. My question what to do with clients who for years are using the product but for very small price. Should we renegotiate the contract and increase the price or it's better not to do anything with them? -- Topics: contract renegotiation, pricing strategy -- Parent Topics: business strategy, sales and marketing, contracts and legal agreements, business Very interesting Tom. Thanks for sharing. I have one question about the value equation: you mentioned that you need to clearly define the equation with your champion and then charge roughly 1/3 of the value the clients receive. Do you disclose this directly to the champion (i.e. "you keep 2/3 and we keep 1/3"), or do you just present it as a price (in your example $ 700k)? If you choose the latter and later find that the value they get after the pilot is much higher, how would you go about raising the price then? -- Topics: value-based pricing, price adjustment -- Parent Topics: pricing strategies, marketing, consumer behavior, sales techniques, business negotiation What do you do when a prospect emails you what is the price so we can decide if we want to try it or not? -- Topics: initial pricing communication -- Parent Topics: sales techniques, marketing communication, pricing strategy That's pretty cool thank you, it would be nice to learn about the projection for pricing in the long term when you start to scale up. -- Topics: long-term pricing strategy -- Parent Topics: business strategy, marketing, pricing analysis Another question, any tips on how to negotiate the validation? In most cases big clients don't want their logon on the homepage of the products they use. -- Topics: negotiation techniques, client validation -- Parent Topics: business communication, conflict resolution, sales and marketing, marketing strategy, client relations, business endorsements Enterprise Sales - Startup School Is Founding Sales free onilne? Can anyone point me to the pdf / site? -- Topics: access to resources -- Parent Topics: open educational resources, business literature, digital libraries This was a great video, I really enjoyed watching it. If you have a product where the person experiencing the problem everyday and searching for a solution is a lower level employee who must have approval from the higher ups to purchase new software, do you do cold outreach to them or to their higher ups? -- Topics: sales outreach, decision-making hierarchy -- Parent Topics: b2b sales strategies, sales funnel management, influencer mapping in sales, business sales, organizational behavior, marketing Link to free Founding Sales book? -- Topics: access to resources -- Parent Topics: open educational resources, business literature, digital libraries Really nice information. Thanks for sharing. But then, about not showing them your product on the first call. If you're selling to lawyers for example whose time is really valuable and change clients by the hour. How easy would it be to book a 2nd call with them when you only managed to book the first call (especially when you hadn't shown them the product yet in the 1st call)? -- Topics: sales strategy, client time management -- Parent Topics: business, client management, professional services, time management Startup Business Models and Pricing - Startup School What is the business model of Apple according to the nine business models? -- Topics: business model of apple -- Parent Topics: technology business models, corporate strategy, consumer electronics industry What type of business model does apple have according to the nine business models explained in the video? -- Topics: business model of apple -- Parent Topics: technology business models, corporate strategy, consumer electronics industry We developed a POW layer 1 blockchain prototype designed especially for sending wallet-to-wallet messages, which allows users to mine tokens from the browser, where we charge a fee for each message sent, but this fee arrives in our prototype governance token. which has no value. Would this be a transactional model? although the token has no value yet. Or would this be technical innovation? -- Topics: transactional model, technical innovation -- Parent Topics: business models, e-commerce, marketing strategies, information technology, business innovation, emerging technologies Where does lending business fall into -- Topics: lending business model -- Parent Topics: finance, credit markets, banking sector What model would “freemium” products count as? -- Topics: freemium model -- Parent Topics: business models, marketing strategies, software distribution Tarpit Ideas: The Sequel My idea is to solve tenant-landlord problems at the scale of mid-sized rental companies that have approximately a few hundred tenants. My company will help these mid-sized landlord groups register as a REIT and issue shares, which they will then reward to tenants in exchange for on-time rental payment. Tenants are usually managed only by negative reinforcement, if they damage the property, they lose their security deposit, and that's it. But with shares of ownership, even a tiny fraction, the tenant will get to experience the ownership incentive, and this will lead to reduced damages, increased on-time payments, and help meet the requirement of having 100 different shareholders for the tax-advantages of the REIT structure. Anybody want to steal this idea or work with me on this? Or is this a tar-pit idea? -- Topics: startup idea validation, real estate investment trust (reit) -- Parent Topics: entrepreneurship, innovation management, business strategy, real estate investing, commercial real estate, financial markets I'm working on a legal defense strategy co-pilot for presidential candidates and ex-presidents. Tarpit idea? -- Topics: startup idea evaluation -- Parent Topics: entrepreneurship, business development, innovation management Oh and also, can you tell me if my startup idea is a tarpit? I'm making a copilot for letting you know when it's time to buy printer ink 😂 -- Topics: startup evaluation -- Parent Topics: business I’m working on an airline for penguins so they can finally fly. Is this a tarpit idea ? 🐧 -- Topics: startup concept feedback -- Parent Topics: business innovation, startup ecosystem, market analysis AI travel companion itinerary maker - still Tarpit ?? -- Topics: startup viability -- Parent Topics: entrepreneurship, business strategy, innovation management Dalton and Michael, what are your thoughts about the future of coding? -- Topics: future of coding -- Parent Topics: software development trends, educational technology, information technology 6:56 Michael I'm not sure how this example demonstrates how new tech (in this case GenAI) is now making previously unviable ideas more viable? Is there a palpable/profitable demand for computer generated podcast content? Or a problem this is actually solving? Couldn't someone have just typed up a summary of a research paper or a scripted topic and had good text-to-voice software make it sound like a podcast 5 years ago? Personally I feel like most people loyally listen to podcasts more for the host & guest (human) personalities/humor/opinions/etc. I wish you guys would've used this topic to share your perspectives on how GenAI-centric startups right now may actually have parallels to tarpit pitfalls. As someone who is actually working with GenAI tech, I'm feeling more and more every day that the "AI is the hammer and everything is a nail" mentality is still running rampant in businesses, but for many use cases, the jury is still out on whether the revenue or productivity gains are anywhere near the costs. đŸ€” -- Topics: genai viability, technological advancement in ai, ai in business -- Parent Topics: artificial intelligence, content creation, technology adoption, emerging technologies, technology innovation, startup ecosystem, business innovation What about Beli
? -- Topics: ?? -- Parent Topics: ?? THIS mistake cost me $1600 Hi, Marc! I have one question for you. What is better: building my own projects with current knowledge (even if I'll make lots of bad decisions in terms of realizing features) or completing courses first, and only after that moment start to build. -- Topics: skill development vs. practical experience -- Parent Topics: education and career development, learning methodologies, workplace skills Do you use tanstack/react query ? -- Topics: technology stack -- Parent Topics: web development, software development tools, frontend technologies Hey, why don't you have a Discord server? I think it would be a great way for this community to come together -- Topics: community building -- Parent Topics: online community management, social media platforms, audience engagement Hi I am a big fan of your work. First of all, I wanted to compliment you on your content: it is always very helpful and well-done, and the way you share your knowledge is truly inspiring. I am also a developer and have created several SaaS applications, but unfortunately, I am having trouble monetizing them. I can't seem to find any customers, and I'm not sure how to best market my products. I was wondering if you could give me some advice on the marketing side: how did you find your first customers, and what strategies did you use to promote your applications? Any tips would be greatly appreciated. Thank you so much for your time and for the work you do. I will continue to follow you with great interest! -- Topics: marketing strategies -- Parent Topics: business strategy, digital marketing, sales and marketing, business How I Find $50K/Month Business Ideas Great physic bro 👍. Bro do you yourself edit your videos? ok building a startup, but how do you get time to make videos? i want to build a channel like you. can you give advice, or do you have a video on that? I'm doing my business but not time for youtube( -- Topics: video editing, time management for youtube, advice for youtube channel -- Parent Topics: digital media production, film and media studies, technology and computing, content creation, entrepreneurship, time management, digital content creation, social media strategy How do you maintain such energy and motivation bro 😼😂 -- Topics: energy and motivation -- Parent Topics: self-improvement, wellness, productivity Great video once again Marc! I love the way you edit your videos, bro. Can you share some sources for video editing that you based your videos on? -- Topics: video editing resources -- Parent Topics: digital media production, content creation, film and video technology one pop 'cause u were "selling shovels during gold rush" . so find another goldrush and sell them shovels. I wonder if there are more business proverbs like this "selling shovels during gold rush" ? 😀 -- Topics: business proverbs -- Parent Topics: entrepreneurship, business strategy, business education What do you think is the best MacBook to start Programming at the Moment ? -- Topics: best macbook for programming -- Parent Topics: technology reviews, software development tools, consumer electronics I wonder what the initial cost is to deploy a project on production. Of course, starting with your magic tool "ship fast" ;) -- Topics: project deployment costs, ship fast tool -- Parent Topics: project management, business finance, startup fundamentals, software development, startup culture Why Startup Founders Should Launch Companies Sooner Than They Think Does anyone know what lighting Gary is using? His face is so vibrant and I'm looking something like that. -- Topics: lighting equipment -- Parent Topics: photography and cinematography, stage and theatrical production, lighting design But what about that pin app, what was it called humane? -- Topics: product identification -- Parent Topics: e-commerce, product reviews, inventory management What about not knowing yet what to develop and launch during early customer discovery? What about Deeptech products that take time? What about the data of many succesfull companies that took many months, even years before launching publically, eg, OpenAI? I understand the value in launching as soon as you can have something functionnal packaged, but 2 months as a general rule? What if through discovery you decide to change product altogether? What should you do then, cancel the first one? Maintain it? -- Topics: early customer discovery, deeptech products, launch timing and strategy, product pivoting -- Parent Topics: entrepreneurship, market research, product development, emerging technologies, research and development (r&d), technology startups, business strategy, marketing, product management, startup strategy, customer feedback My Next $1M SaaS I think he spends a lot of money on ads. I wonder how to walk that fine line with ads. -- Topics: ad spending strategy -- Parent Topics: digital marketing, marketing strategy, advertising Whats that shirt from? So nice -- Topics: ?? -- Parent Topics: ?? Hey, I'm curious what's "Code Fast" as seen at 2:11? Is this the project name of ShipFast or it's the project you are working on now :) -- Topics: project names -- Parent Topics: project management, corporate branding and naming, technology and innovation Great video as always :). Have you ever considered to hire a QA specialist to test all of your apps? -- Topics: quality assurance -- Parent Topics: business What's with the dislikes? Can someone answer... -- Topics: ?? -- Parent Topics: ?? Hey Marc trying to find the vid where you show how you make logos with canva. If you remember which it is from and you see this, could you please let me know 😂 -- Topics: logo creation -- Parent Topics: graphic design, branding, digital marketing Startup Experts Discuss Doing Things That Don't Scale How can i get Letter of intent if im working on hard tech?Are LOIs part of doing things that dont scale? -- Topics: letters of intent (lois), non-scalable strategies -- Parent Topics: startup funding, business strategy for startups, innovation and technology management, startup development strategies, business planning, investment readiness Scaling a startup comes with its own set of unique challenges. From managing growing teams to ensuring product quality and delivery speed, there are many hurdles to overcome. Has anyone used tools like monday dev to help manage these challenges? Specifically, I'm interested in features like automations. How effective have these tools been for you in scaling your startup? -- Topics: scaling challenges, productivity tools -- Parent Topics: startup growth, startup management, product development, project management, startup growth strategy, business process automation I want to create a startup that requires no app. Thoughts? -- Topics: alternative startup models -- Parent Topics: business models, entrepreneurship, innovation management What's something you've done at your own startup that is a good example of "doing things that don't scale"? -- Topics: ?? -- Parent Topics: ??