Harry 
title
Hello, friends! Welcome to the
show "Path to a Billion." Today, we're diving into a topic that determines
the fate of any business — business models! I’ll explain in simple terms by the ocean how
companies make money. Are you ready? Let's go! What is a business model?
A business model is the way a company creates and delivers value to its customers while
making money from it. Simply put, it's a plan for how your startup won’t be left penniless and how
you can turn a great idea into a source of income.
Imagine: You have a bakery. You
could bake pies and sell them at the market — that’s one model. Or
you could teach people how to make just as delicious pies online — and
that’s a different business model! Subscription Model:
You pay a fixed amount every month and get access to a product or service. Example — Netflix.
You don’t need to buy each movie separately; just pay once a month and watch whatever you
want. It’s like a buffet in the world of content! Freemium: This model combines free and paid features.
Basic services are available to everyone, but you need to pay for premium content or additional
features. Example — Spotify. You can listen to music for free, but the ads are always there to
remind you: "Want no ads? Hand over some cash!" Razor and Blades Model:
The main product (like a razor) is sold at a low price, while the consumables (blades)
are sold at a high price.
Example — printers and cartridges. The printer is cheap, but the
ink costs as much as a good bottle of wine! Marketplace: Creating a platform where buyers and sellers
meet. Example — Amazon. The company doesn’t produce all the products; it provides a space
for other companies to sell their goods. How to choose a business model?
Choosing a business model starts with analyzing your target audience and their needs. Determine
what product or service you want to offer and how it solves customers' problems. Research existing
business models in your niche, considering aspects such as revenue sources, costs of creation, and
delivery of the product. Try testing a few models on a small scale to see which one works best.
Don’t forget to adapt and change your strategy as you receive feedback and as the market changes
to ensure sustainable growth for your business.
And now it’s time for some interesting news! Meta has announced a new VR headset, the Quest 3S,
for $300. The Quest 3S matches the specifications of the Quest 3, despite the price. These
gadgets are becoming increasingly affordable! BlackRock, in partnership with Microsoft
and an investment company from Abu Dhabi, will launch a $30 billion fund. The
new fund will focus on investment aspects aimed at products with artificial
intelligence.
AI development is in full swing! The global market for subcutaneous chips for
humans is expected to exceed $2.5 billion by 2030. Currently, between 50,000 and 100,000 chip
implantation procedures are performed worldwide each year, with an average cost of around
$150. It seems the future is already here. Thank you for joining us on our show!
Don’t forget about our application “X Empire,” which you can find at
the link in the description..
