This is literally the best video and best advise I have ever seen on UA-cam. Thanks for that great interview and just letting eachother talk. Wonderful.
Excellent interview. One of the most interesting entrepreneurs on social media right now. The amount of money he has generated via simple yet highly valuable ideas is incredible and inspiring
Subscription fatigue is a real real thing. Imagine paying $20 per month for 10 services. That gets expensive fast and I really think it's reasonable to have a one time fee at times
That's true, and it's part of the reason why people CONSIDER paying, but you'll have to offer them something very valuable to WANT to pay ;) From the business operator side, the recurring revenue approach is absolutely logical. But for a customer who has a lot of choice, it's just one of many options.
This is the important part. People want to see the value they constantly receive. Value nurturing -showing your customers what they get- is very important. I like how Grammarly does this. Every month, they send an email telling me how many words they checked and how amazing my vocabulary is compared to everyone else. This is tapping right into customer psychology.
So true. One-time payment definitely removes barriers. For me, especially if there’s a high effort in setup or changing tools in the future (I don’t want to do that twice). This is what made me choose GoodNotes over Notability. It may not be for every business, but it’s worth thinking about for sure. Also, I love the portfolio of small bets concept - I’ve been struggling with diversifying (also feeling guilty about it lol), will definitely look into it.
Good plan. The hardest part for me is knowing when to let go of something - but in a way, that's a good problem to have, as you HAVE something to let go of :)
Great work guys! Thanks so much Arvid & Daniel. You make people like me believe and dare to chase a dream. The best thing that happened to me since I dumped all social media and jumped on Twitter alone, was running into your content and strategically following it to forge my own journey.
This was such an informative session with a lot of great guidelines to get started with building a portfolio! Thanks for this! By the way, Arvid, just found your channel, cool stuff, subscribed! Keep doing amazing things!
I feel like this guy thinks im using some kind of formula and is trying to replicate it and sell newsletters. Lol. Good for him, he's not necessarily wrong about his approaches. I am however not using a formula
I like the idea of small bets, not making a single business/idea your lover, your identity, your whole life! Historic example of Thomas Edison who invented & patented so many inventions & ideas including💡in his lifetime! 😮
This is literally the best video and best advise I have ever seen on UA-cam. Thanks for that great interview and just letting eachother talk. Wonderful.
Thank you very much!
Excellent interview. One of the most interesting entrepreneurs on social media right now. The amount of money he has generated via simple yet highly valuable ideas is incredible and inspiring
Absolutely!
This is the kind of content I use UA-cam for. Thanks Arvid!
Most appreciated!
Subscription fatigue is a real real thing. Imagine paying $20 per month for 10 services. That gets expensive fast and I really think it's reasonable to have a one time fee at times
Definitely, subscriptions should only be charged for services that continuously add more or spend money on you every month
Hosting, Infra and maintenance costs every month
That's true, and it's part of the reason why people CONSIDER paying, but you'll have to offer them something very valuable to WANT to pay ;)
From the business operator side, the recurring revenue approach is absolutely logical. But for a customer who has a lot of choice, it's just one of many options.
This is the important part. People want to see the value they constantly receive. Value nurturing -showing your customers what they get- is very important.
I like how Grammarly does this. Every month, they send an email telling me how many words they checked and how amazing my vocabulary is compared to everyone else. This is tapping right into customer psychology.
Agreed. I think one time fees are the wave of the future due to simplicity. Simplicity is king for converting an interested buyer
So true. One-time payment definitely removes barriers. For me, especially if there’s a high effort in setup or changing tools in the future (I don’t want to do that twice). This is what made me choose GoodNotes over Notability. It may not be for every business, but it’s worth thinking about for sure.
Also, I love the portfolio of small bets concept - I’ve been struggling with diversifying (also feeling guilty about it lol), will definitely look into it.
Good plan. The hardest part for me is knowing when to let go of something - but in a way, that's a good problem to have, as you HAVE something to let go of :)
Daniel is the best 🙌
Sure is :D
Great work guys! Thanks so much Arvid & Daniel. You make people like me believe and dare to chase a dream. The best thing that happened to me since I dumped all social media and jumped on Twitter alone, was running into your content and strategically following it to forge my own journey.
You can do it! Very much looking forward to hearing more about it :D
Arvid as usual , you re a genius 👏🏻
Thank you so much 😀 I think Dan is the genius here, though.
Amazing video Arvid! Great talk, very important topics covered. This is gold!
Much appreciated, John! I had a great time talking to Daniel for sure!
Awesome insights, thank you for sharing it Arvid and Daniel!
Any time!
Fascinating stuff, thanks so much!
Thank you!
Amazing interview! Learned so much 😄
Glad you enjoyed it, Rafid!
What was the name of the podcast series Daniel mentioned at time stamp 57:10
This was such an informative session with a lot of great guidelines to get started with building a portfolio! Thanks for this!
By the way, Arvid, just found your channel, cool stuff, subscribed! Keep doing amazing things!
I am very grateful for your kind words. May your small bets be plentiful and revenue-generating :D
The fundamental concept of building a portfolio of small bets is essentially risk management applied to entrepreneurship.
Precisely!
❤❤❤❤
I feel like this guy thinks im using some kind of formula and is trying to replicate it and sell newsletters. Lol. Good for him, he's not necessarily wrong about his approaches. I am however not using a formula
I like the idea of small bets, not making a single business/idea your lover, your identity, your whole life! Historic example of Thomas Edison who invented & patented so many inventions & ideas including💡in his lifetime! 😮
Two Pieter Levels fanbois chatting 😉
Takes one to know one :D
You're right, I'm a Levels fanboi, too. He is one of my role models.
this pod is basically Vasallo fanboing @levelsio