Nerds of Business

#19. We need to talk about ‘Business Models’: choosing the right pricing & distribution for your product

Nerds of Business

Show Notes

Season 2: 'Product development', Episode 7

Pricing and Business Model Is A Key Step In The Development Cycle Of Any Product. If You've Developed A Great Product Or Service, How Do You Structure Your Business Model To Become The Market Leader? In This Episode Product Experts and Leading Entrepreneurs Reveal How It's Done.

Guest Bios:

Ross Gales (https://www.linkedin.com/in/rossgales/) is Director of Design and Strategy at leading product design agency Pollen. (https://pollen.com.au).

Carrie Peters (https://www.linkedin.com/in/carriepeters/) is Product Design Principal at product design agency Us Two. (https://www.ustwo.com.au/)

Jessica Sepel (https://www.instagram.com/jshealth/?hl=en) is the founder of JS Health Vitamins (https://jshealthvitamins.com/)

Emlyn Scott (https://www.linkedin.com/in/emlynscott/) and venture capitalist and is the founder of CP Ventures (https://cp.ventures/)

Mina Radhakrishnan is founder and CEO of 'proptech' platform Different.com.au (https://www.linkedin.com/in/minarad/) and has worked for Google and Uber.

What to listen out for:

02:15 How Ikea became a global brand by changing its business model from pre-assembled furniture to flat pack

08:34 Ross Gales from Pollen reveals key concepts that entrepreneurs should understand for designing business models

13:25 Learn the Pirate Methodology of measuring business success

17:01 Carrie Peters from Ustwo talks about the importance of pricing and business model to the end product design

18:35 How Mina Radhakrishnan of :Different is revolutionising the conventional business model of property management

23:55 Why SAAS is often favoured by VCs?

30:12 Why JS Health is using the subscription model to market and distribute their vitamin products?

34:10 Buy Now Pay Later Digital Marketing offer from our sponsor

37:51 NERD UNDER PRESSURE - regular segment with Ben Thompson

Resources and links:

Ikea story https://www.fastcompany.com/3057837/the-man-behind-ikeas-world-conquering-flat-pack-design Ikea current size https://en.wikipedia.org/wiki/IKEA *****

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