EP 239 Alex Fink on Improving Information Quality
The Jim Rutt Show
00:00
The Evolution of Innovation and Market Accessibility
Innovation often begins in exclusive markets before becoming more widely accessible. For example, a 73-inch TV which cost $56,000 in 2000 has now reduced to $600. The speaker proposes that a super info agent service could follow a similar trajectory by starting as a premium offering at $500 per month, catering to elite users with negotiation services. As the customer base grows, prices will decrease due to economies of scale until the service establishes its own ecosystem. The goal is to target 10,000 users paying an average of $6,000 a year, resulting in a $60 million business.
Play episode from 12:28
Transcript
