Dean Graziosi explains why Netflix and Google stay profitable: they build once and sell infinitely without inventory costs. He argues the self-education industry works the same way, making it a low-cost business model worth pursuing.
How would you like to have the advantage that big tech companies have?
Why do you think they're so profitable? There are lots of reasons.
They put the hard work investment there is no easy money and I'm not saying that. But one thing they have an advantage on is once they build the tech, they don't have inventory, they don't have.
To buy product.
They have those supply chain issues. Once they build the technology, they get to sell it over and over and over again.
Think about that, right? Once Yahoo.
Google, Netflix, right? Even YouTube. Once they build the technology, they get to sell it over and over again. Going into what seems like a recession, high inflation, the shift in the world, the shift in the economy. Think about what business you could be in where you could sell over and.
Over again without inventory.
And in my opinion, what could be better than the self education industry? Selling what you know, Selling your life experience, helping people go faster by what you know, selling.
Over and over again.
Zero inventory.
Definitely something.
To be looking into.
