What do lingerie, insurance and seat belts have in common?

preview

Question: What do lingerie, insurance and seat belts have in common?
Answer: They all provide a service that you only benefit from in extreme circumstances.

The belt protects you against accidents you hope youll never have. The insurancecovers you forcalamitiesyou hope never happen and the lingerie is generally worn in places where nobody sees it.

Of course the lingerie makes you feel sexier, the seat belts makes you feel safer and the insurance makes you feel covered.

Online back-up services, remote storage and redundant power supply for servers, are some of the services that fit this type of category.

As an entrepreneur you have to think about which services you are selling and which category they fit in. Are you selling something that is like lingerie or more like bread? Are you focusing on the instant gratification of your product or on the downside of not owning your product?


Comments

Popular posts from this blog

12 startup founders discuss working on Christmas Day

Flipboard needs to branch its content out from US/UK, heres why

Digitimes: Apples iPhone 5 to include smaller screen and metal chassis