Learn how to create a business product by creating a business model  similar to drug dealers. Create a potent product and then create recurring revenue. If you enjoyed this, please give me an upvote!

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Don’t take your product for granted

Do you think drug dealers get into war just over location? They also  get into fights over product because they all want the best stuff. They know that you’re only as good as your product. And if you have great product, you won’t have to work too hard to sell it. So with your business, don’t take your product for granted. Try to  create the best product in the market because people will get addicted  to it. If you create a shitty product, they may use it for a bit, but  sooner or later they’ll dump it once they find something better. 

Word of mouth is the best form of marketing

Have you ever seen a drug dealer advertise his or her product through billboards, magazines or television? Of course not! And it’s not just because drug dealers don’t want to get caught selling. It’s because they know that the best form of marketing is word of mouth. If you have a great product that people love, they’ll talk about it  and share it with others. Drug dealers know that having your customers  tell other people about your product is the best form of marketing out  there. As a business owner, you’ll want to spend money on advertising. And by all means, you should do so. But don’t forget how your product can help market itself. Nothing beats word-of-mouth marketing! 

Freemium models can be very lucrative

Do you think web guys were the first to invent freemium business  models? Drug dealers have been using the freemium approach way before  the Internet was even born. They love giving people a small taste for free because once you try  the product, they know that you’ll want more. They may even give you a  bit more for free after that, but once your addicted, they’ll start to  charge you and make a ton of money off of you. If you are looking to get more customers, consider the freemium approach. Give away a bit for free, and once people want more, charge them for it. 

It’s better to be the brain of the company than the face

Would you rather be doing grunt work or would you rather manage  people? Smart drug dealers aren’t the ones on the streets who are  dealing. They are the brains of the operation. They figure out how to  get drugs, to whom to supply them for distribution and how to keep a  low-key operation while counting the cash. They know that if they are the ones on the street dealing, there is a  higher chance that they’ll get caught and go to jail. So, instead, they  keep their distance from the dealers and just watch the money roll in. If you want to be rich, you don’t have time to do the grunt work.  Instead, you have to delegate and focus on strategy and execution. There  are always people who you can hire to do the grunt work, but you have  to focus your time and energy on the tougher stuff. It’s much harder to  train someone to come up with your overall strategy than to train  someone to do the work. 

You can always upsell

Have you noticed that drug dealers never stop hustling? They’re  always trying to figure out ways to make money off of you. Whether it is  selling you a better product or new drugs, they never stop selling. Just like a drug dealer, you should never stop selling. Just because  someone is a customer doesn’t mean they can’t spend more money with you.  You can get more money out of your customer base by surveying them  to find out what else they want out of your product. Or you can see if  they have any other problems in their organization that you may be able  to solve and charge for. Whatever you do, don’t forget about upselling as it can start becoming a huge portion of your income. 

Control supply to increase prices

If there are more drugs in the market than buyers, what happens? Price must come down, right? One of the best ways to keep the price of your product up is to control supply. Drug dealers do this all the time because controlling the supply  allows them to force the junkies to pay whatever the dealer wants, just  to get a quick fix. You can do the same thing with your business. For example, when Gmail  first came out in the market, they didn’t open it up to everyone. They  controlled the supply of their free service so much that people were  selling invites on eBay for up to $50. That’s not too bad for a product that’s supposed to be free. 

It’s easier to keep your customers happy than it is to get new ones

No matter what industry you are in, it’s always tough to get  customers. Even drug dealers struggle, which is why they do whatever it  takes to keep their current customers happy. From hooking them up with  free drugs every once in a while to hooking them up with free equipment  that lets them use the drugs they just bought, drug dealers try to do whatever they can to keep their customers happy. You shouldn’t just focus on getting new customers. You should also  focus on keeping your existing ones happy. If you’re losing customers  and have a high churn rate, make sure you fix that before you waste too  much money on acquiring new ones. It’s all about maximizing the lifetime  value of your customers as that’s where the true value of your business  lays. 

Conclusion

I hope this blog post didn’t convince you to start dealing drugs because although it is a lucrative business, it’s also an illegal one.  Instead, I hope that it taught you how to take your business to the  next level. From looking at freemium strategies to working on upsells,  there is a ton of room for you to grow your business.