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Ask Jason LIVE! Returns to TWiST! | E1905

This Week in Startups

NOTE

Diversification and Pricing Strategy for New Services

Diversifying services such as Uber drivers also delivering goods and working as assistants can lead to greater efficiency and utilization of resources. It is crucial to view these opportunities as complementary rather than competitive. When developing new services, focus on creating a minimum viable product that adequately solves the problem and price it competitively. Instead of targeting a broad base of customers, it is recommended to price the product to attract the top 20% initially to ensure profitability from the beginning.

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