Netflix's Marc Randolph's advice on starting a subscription business

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

ประเทศไทย ข่าว ข่าว

Netflix cofounder Marc Randolph on the 3 questions entrepreneurs should ask before starting a subscription business

," where he advises other entrepreneurs on growing their businesses. Many of the entrepreneurs come to him for advice on tackling the subscription model that Netflix so successfully built.

For example, a year after he and Hastings launched Netflix, several thousand DVDs were on the warehouse's shelves. When they asked themselves why Netflix charged customers each time they wanted to replace a disk, they saw an opportunity to pivot to a monthly fee, with the option to rent as often as they wanted.

"The problem is how badly do you have to completely contaminate your product to make it work that way?" Randolph said."Product contamination is the biggest mistake a business can make in shifting to a subs model."A subscription model must offer a product that a customer will continually want, Randolph said. For example, he added, if someone buys a house, they likely won't want to purchase another for at least seven years.

Another way to determine whether the subscription model is right for your business is to explore different levels of membership.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

Netflix联合创始人马克·伦道夫(Marc Randolph)就创业者在开始订阅业务之前应该问的三个问题进行了讨论

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 729. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Chloë Sevigny States Her Executive Order of Business For Marc Jacobs Resort 2021The latest unexpected fashion stars of fall from Chloë Sevigny to Pete Davidson. Hi 👋 Catch my latest FASHION VIDEO ft my all time fave Jumper LINKED BELOW Please subscribe to my channel and turn on notifications. 🙏 LINK 👇 YouTubeShorts YouTuber fashion Christian style Ad trend Trending viral YouTube
แหล่ง: wmag - 🏆 723. / 51 อ่านเพิ่มเติม »

Chloë Sevigny States Her Executive Order of Business For Marc Jacobs Resort 2021The latest unexpected fashion stars of fall from Chloë Sevigny to Pete Davidson. Hi 👋 Catch my latest FASHION VIDEO ft my all time fave Jumper LINKED BELOW Please subscribe to my channel and turn on notifications. 🙏 LINK 👇 YouTubeShorts YouTuber fashion Christian style Ad trend Trending viral YouTube
แหล่ง: wmag - 🏆 723. / 51 อ่านเพิ่มเติม »