Thoughts After Reading "From 0 To 1" - Part 3
Don't forget 80/20 Rules.
We used to believe that more products we have, more profits we'll earn. That's why we released more than 5 ukulele related products last year, not only wish to improve the profits, but also build an completed system for ukulele learning.
However, we've realized that 80% of our profits come from 20% percent of our products. Instead of making more products, try to make the 20% of the products even better, and find more derived value and service based on these top products, will help us to expand our advantage and build our own "monopolize"