Did you know that 90% of startups fail in the first five years?
And one of the main reasons why they fail is because they choose the wrong business model.
So what’s the best business model you can start with?
In this episode, we break down 3 top options to maximize your success and minimize risks:
1. Service-based Businesses
2. Digital Products
3. Affiliate Marketing
Let’s go through each one & find the one that best fits your skills and goals.
Timestamps:
00:00 Welcome to the $100 MBA podcast
00:27 Why Business Models Matter
00:59 Omar’s First Venture: A Full-Time Agency
02:53 Step 1: Service-Based Business
05:08 Step 2: Digital Products
08:34 Step 3: Affiliate Marketing
10:40 Recap: The 3 Recommended Business Models
11:03 Why E-commerce and SaaS are Tougher Starts
12:13 Choosing the Right Business Model for You
13:03 Aligning Your Model with Skills and Market
13:34 Conclusion