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Apple • 3m
What I think is Startups having online services/app/website/digital products( eg: Zomato ) is way much better than startups having physical product ( eg: Chips ) 🚀🙂 Pros: 📈 • Easy To scale in Multiple places • Reach For global customer ( larger TAM ) • Not required making products again and again • If used Good security and tech, maintaining cost is low Cons: 📉 • Online market is not Large as offline market, it's still growing in Tier 1 and 2 cities. • In India people hesitate more to pay online than offline • Building initial tech, security, app or main product, generally requires huge initial investment and time • Technically skilled people are required not semi skilled, which increases expenses for salaries - I am confused about Marketing thing, reply what y'all think about this These are the points I found, let me know if I missed something 👇💬
Stealth • 3m
Online services are different from physical product startups it's like comparing cars to trucks both offer different services u can't compare them product based startups and services based startups are important there's no use comparing them
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Marketing: having physical product gives a psychological satisfaction that they had purchased something (majority of the Indian , exception are there ) . If I am wrong please correct me.
It's a tough choice, but it seems like the advantages of online services outweigh the challenges, especially with the potential for global reach and scalability, what's your take on tackling the marketing aspect?
Most of the online services are bleeding not generating much profit while chips companies they are booming compare the share of Varun beverage to Zomato
Btw great post bro
Well that's true but more better differenciation would be thats a startup which helps consumer, solves their problem or provides conceive would grow. Like no one actually wants to eat expensive chips just because of their brandname, but they are using Zomato for the convince they provide
Great post Pratham! 👏
OpenAI • 3m
Tech Startups potentially enter the market to disrupt globally. After spreading their arms and legs a little bit like experimentation with expansion they understand the true demand of the product/service.
Ofc. That’s why they get such high valuations in the first place.
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