Eight ways to make money: 1. Sell a thing 2. Rent a thing 3. Take a cut 4. Charge a subscription 5. Charge based on usage 6. Sell a service 7. Advertising 8. Charge on % of assets
More in 🧵
1/ Sell a thing: Sell someone your physical or digital product
• Examples: iPhone, lemonade, land, stocks
• Ideal for: Physical products you manufacture or acquire
• Optimize: Unit economics
• Business strategy: Make or acquire a thing —> Sell it for more than it cost you
2/ Rent a thing: Allow someone to borrow a product that you continue to own
• Examples: Apartments, rental car
• Ideal for: Physical products you manufacture or acquire that people don’t want (or can’t afford to) to own
Exploring new job opportunities? Check out this week's 🔥 featured roles from companies like @duolingo@OpenPhoneApp@overtime@CurologyUSA and 200+ more opportunities around the world 👇
(Just in the past week, 667 applications submitted from 301 applicants)
1/ Great PMs take pride in the clarity and conciseness of their documents, emails, presentations, and meetings.
They know that people judge the quality of their thinking by the quality of their writing/speaking, and that effective communication is the most fundamental PM skill.
2/ Great PMs build an aura of “I’VE GOT THIS.”
They rarely drop balls, they come prepared, and their colleagues know that when they take on a task, it’ll get done.
Take rates of 40 marketplaces, platforms, and more. Takeaways and surprises in thread 👇
Takeaway #1: There is a relatively clear distinction between “platform” businesses taking 5-15% (which make it easier for you to run your business, e.g. @Patreon@SubstackInc), and Marketplaces taking 10-50% (which bring you new business as well, e.g. @DoorDash@BookCameo)
Takeaway #2: Differences in take rates are primarily driven by three factors: (1) whether you can drive new demand, (2) how much convenience you provide the seller, and (3) the level of competition in the market.
Since launching my job board this week, it's already facilitated almost 1k job applications, and anecdotally, the candidates companies are seeing have been significantly better than LinkedIn or anyplace else online. SO GOOD!
Check out some of the featured roles currently live 👇
1/ If you've been following my newsletter you've probably seen this section at the bottom where I highlight 🔥 job openings. This section emerged organically out of requests from readers to promote their open roles, or to help them find their next big career move.
2/ Over time, this section has become unwieldy and inefficient. I've also realized that my newsletter has now aggregated an incredible audience of product-builders, growth leaders, and founders. All of whom are hiring, want to be hired, or will eventually look for something new.