Business Idea:
Network Effects as a Business Model
Problem:
Understanding how networks build defensibility and dominant market share in tech industries.
Solution:
Study and leverage network effects, scale, embeddedness, and brand effects to create defensible, scalable tech businesses.
Target Audience:
Tech entrepreneurs, investors, founders, product managers.
Monetization:
Building or investing in network effect-driven companies, which attract high valuations and recurring revenue.
Unique Selling Proposition (USP):
Deep expertise in network effects’ principles, applied to business development and investment strategy.
Launch Strategy:
Identify a vertical or product with potential network effects; develop a small initial platform; focus on user engagement and scaling.
Watch the full My First Million episode on Youtube.