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David Furlong
@df
most startups start by serving the same 1% of customers with the highest discretionary spending.
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Drew Beechler
@drewbeechler
Do you think that’s a good or bad strategy? Usually means easier revenue?m, but also flies in the face of zig when others zag.
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ernestkou.eth 🔜 TOKEN2049
@ernestkou
always recommend our clients to go for early adopters too. higher conversion rate to brand advocates
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Zenigame
@zeni.eth
is the same true for most successful startups?
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Sage
@sage
This is why I find Twitter ads hilarious. Advertising to those who don’t pay 8$ a month is like missing the forest for the trees.
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Richard ⚡️
@thebrandrich
This seems like an obvious choice for quick revenue, but it also risks saturating a very competitive space. What if we applied this principle differently by innovating in underserved markets? This could open up unique opportunities and drive growth in ways that aren’t immediately apparent. Any thoughts on balancing these strategies?
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amosnena🎩🎭💜Ⓜ️
@amosnena
Many startups initially target the top 1% of customers with the highest discretionary spending because these customers are often more willing to pay a premium for innovative products and services. This strategy can help startups generate higher margins and achieve profitability faster. Additionally, these customers can serve as early adopters and influencers, helping to build credibility and attract a broader customer base over time. However, this approach also comes with risks, such as limited market size and potential difficulty in scaling to a more mainstream audience.
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samvox
@samvox
They seek satisfaction, survival and strengthening their foundations.
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Jinan
@jinan
Targeting the 1% with deep pockets and even deeper snacks
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Emily 🎩🃏🍖⌐◨-◨
@mahla
Yyyyyeah
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Mohit
@lxix.eth
Most luxury brands too :)
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non 🐹
@non07777.eth
It's a great learning experience. It's important to secure revenue first.
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Majid
@0xmajidx0
And some of them are extremely weak in persuading the public opinion of their customers!
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