The Ultimate Business Model
Basically, you want to do the least amount of work to get the most amount of return.
That doesn’t mean that you don’t work hard, it just means that you want to get rewarded the maximum for the work that you do.
A perfect example of a horrible business model is working as an hourly employee. You know, trading time for money. We’ve all been there.
We know that no matter how hard you work, you are going to go home with the same paycheck at the end of the day.
This is because we can’t duplicate ourselves. We can’t be in two places at one time, so we only get paid for doing one task.
But, what if we turned that concept upside down?
What if we duplicated our product, rather than our task?
Let’s take this short article that I’m writing right now as an example. If I wrote this article out for one person to read, it will probably take me 10 minutes.
I have to think about a topic, type everything out, and then send it to whoever is curious about the ultimate business model. I can type relatively fast, but I still have to sit down and put my fingers to the keyboard.
Now, what if I write this article to 100 people? Well, I’d do the same exact thing. I’d have to think about a topic, type everything out, and then send it to 100 people who are curious about the ultimate business model.
But, what if I want to write to thousands of people?
You get it.
If we can take this concept and apply it to every single business model in the world, then we’d probably rethink most of the ways we do things.
We want massive output with minimum input.
Of course there are many businesses that lend themselves to scalability more than others. But there are always certain aspects of any business that can be scaled more effectively.
And if we use the biggest scalable tool on earth – the internet – then the sky is the limit!