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5 Internet Goldmines To Spot The Next $1B Trend | Steph Smith
My First Million
The Power of Ultra Free or Ultra Premium Strategy
Offering 99% of the content for free to reach a broad audience and over deliver, while reserving a small portion for an ultra premium experience, resulted in significant sales. Focusing on providing the absolute best product and charging the best price for it, rather than selling smaller products at lower prices, led to a larger audience and higher profits. Maintaining a high-quality, ad-free product allowed for the possibility of charging an ultra premium price to premium brands, tapping into the market for luxury products.
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