Nir And Far: Business, Behaviour and the Brain cover image

3 Reasons Why Subscription Businesses Fail - Nir And Far

Nir And Far: Business, Behaviour and the Brain

CHAPTER

The Action Phase of the Hooked Model

Netflix beat blockbuster by busting the incumbents habit through ease of use. Netflix is aware of this problem and is trying to simplify selecting a movie or TV show. When the habitual action of your product becomes more difficult to use than other options for satisfying the same need, your subscription business is in trouble. You're at risk of losing consumers at the action phase of the hooked model. We'll see if Nathan has any thoughts on why these kind of companies fail.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner