AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
How Anyone Can Develop The Mindset Of A Multi-Million Dollar Entrepreneur - Daniel Priestley
Deep Dive with Ali Abdaal
Is There a Profit God?
4min Snip
00:00
Summary
Transcript
Episode notes
Businesses that don't create an urgency queue for buying are normally not profitable. The opposite is Rolex, a business that has barely innovated its product in many years. A Rolex today looks much the same as Rolex 50 years ago. It's made from the same materials,. It's made pretty much in the same place. Now Rolex is massively profitable, something like 70% margins. So this is the difference between being oversubscribed and having logic emotion urgency. And when you bring it all together, explosive. Nice.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode