Consumers hate getting sold to, companies love it.

a 🧵
1/ Many failed B2C products might have worked out if consumers had the patience to understand what the product might do for them.
2/ But consumers are impatient and if the value is not delivered immediately and continuously, they stop engaging and abandon the product that could have been valuable later.

invertedpassion.com/marketing-need…
3/ History is filled with complex gadgets with thick user guides that have failed spectacularly.
4/ In contrast, for B2B products, the customer is habitual to getting sold.

In fact, they prefer a sales process where a human explains to them the benefits and costs of the product.
5/ This preference to being sold allows a B2B-focused entrepreneur to communicate the total benefit of her product in a way that’s impossible to do in the B2C world.
6/ Imagine if you go to sign up for Facebook, and they start a video telling all the small and big features of the platform.

As a consumer, you’ll immediately hit the back button.
7/ But for a B2B product, if you get their initial interest, prospects will want to watch videos, discuss and request presentations to understand what they will get for the investment they’ll be making in your product.
8/ This is why B2B companies are dominated by salespeople while B2C companies are dominated by product and design people.
9/ Sidenote: businesses invest in products while consumers buy them
10/ The lack of sales process for B2C products means that there are a lot more ways for them to fail: bland marketing messages, confusing first few seconds of onboarding, boring look, and feel, lack of habit building, etc.
11/ In fact, for a consumer product, the design of the product has to do the job that a human salesperson does for a B2B product.
12/ Remember 🧠:

if your consumer app needs an explanation, it won’t work. Similarly, if your B2B app doesn’t have a process to explain its total benefits, it won’t work.
13/ That's it!

I'm posting ~1 new mental model for entrepreneurs every week.

Here's the entire list of 60+ mental models that I'll cover: invertedpassion.com/free-book-ment…

Make sure you sign up for email updates on the book page.

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More from @paraschopra

22 Dec
The world record for brain-computer interface for typing is 18 words per minute.

In contrast, eye tracking based typing averages around 20-25 words per minute.

This is a good lesson for why cool technology alone cannot win if there are cheaper, low tech alternatives available.
Source for the BCI typing record: the-scientist.com/news-opinion/b…
Typing demo for eye-tracking based systems.

Read 6 tweets
21 Dec
Studied history of three different brain implants for medical uses (Neuropace, Second Sight, and Stentrode).

The average time from conception to selling the product is 16 years!

Half of this time is R&D and the other half FDA-required clinical trials.
Even after FDA approval, the use of these devices is legally restricted by FDA to people suffering from extreme cases of diseases.

For example, the company that makes this artificial retina (Second Sight) estimated their approved market to be (just) 1500 people in the US.
With 16 years to launch and target market of 1500 people, no wonder this artificial retina costed $150,000.

Unfortunately, they stopped developing this because it wasn't financially attractive.
Read 7 tweets
13 Dec
Notes from the #book "Dreams of a final theory" by Steven Weinberg, who won the Nobel Prize in physics in 1979 for unifying electromagnetism and weak nuclear force.

a 🧵
1/ First, a brief on Steven Weinberg.

What amazed me was that he kept working as a professional scientist until the very end.

His last paper uploaded on Arxiv was in Jan 2021 and he passed away in July 2021 at the age of 88.

Huge respect!

arxiv.org/abs/2101.04241
2/ I came across this book as a recommendation by Nima Arkani-Hamed who said this is the book on physics that he would gift to everyone if he could.

My notes from Nima's interview are here:

Read 27 tweets
30 Nov
🎉 Announcing October winners of Gaur and Chopra Escape Velocity grants.

We're awarding 6 people under 25 years of age, a sum of Rs 50,000 each.

Their profiles in this 🧵
1/ 🏫 Apoorva is a material science aspirant and wants to pursue a PhD in it.

She will use this money to pay for applications to institutes.

She has an impressive track record: apoorvapjoshi.com
2/ 🏸 Jaspreet is a state-level badminton player who will use the money to advance her Masters' level education.

Unfortunately, her parents passed away and she depends on her grandparents so this money will really make a difference to them.
Read 9 tweets
29 Nov
Your product’s price determines your business playbook

a 🧵
1/ The price of products determines all other components of the business.

This happens because price influences the number and type of available customers in the market (higher the price, lower the number of customers and the corresponding premium positioning that’s required).
2/ This in turn determines:

• the distribution channels you need to tap in order to reach the target market,
• cost of customer acquisition,
• cost and nature of sales and service process, and

all that in turn determines the organizational structure.
Read 15 tweets
26 Nov
A couple of months I started my knowledge garden at notes.invertedpassion.com

Was pleasantly surprised to see it slowly evolve into a beautiful, interconnected mini-forest.
What's a knowledge garden and how is it different from a blog?

A blog has finished essays while knowledge garden has raw drafts of whatever's on your mind.

Plus, a knowledge garden is all about finding links between your thoughts to allow for deep insights to emerge naturally.
I was inspired to start my own knowledge garden by @andy_matuschak who has written an excellent resource on why doing something like this has long term benefits: notes.andymatuschak.org/Evergreen_notes
Read 5 tweets

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