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Aarihant Aaryan

Prev- Founder & CEO ... • 1y

Soundbox - why is it a great product but not a great business? Soundbox is not just a speaker, it's configured to note debit and credit payments, it has an integrated sim in the speaker that notes the notification and communicates it Soundbox is de

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Praveena J

Stay Hungry, Stay Fo... • 11m

Bro do you think they are making these soundboxes for free or just a little amount in exchange for a subscription fees, absolutely not, they are investing that amount in exchange of the transaction data, which is a goldmine in today's world, which will help them in creating their next business ideas like lending to the merchants bye using the average daily transaction values. They can dedut a fixed % of the amount from every transaction the merchant recieves which will make win win situation for both merchant and the company as the company gets its money back and the merchant doesn't need to worry about saving the money to pay everyday/week/month as EMIs. This is just one example, there are plenty of other also, you can get to know about it in THINKSHOOL YouTube channel's video.

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