When we started Enplug in 2012, we didn't think that businesses would pay for our software over our competitors' free solutions. Our initial business model was to make 100 percent of our revenue from advertising, which caused plenty of sleepless nights. Now, it's 5 percent advertising and 95 percent software subscriptions.
Our product is a plug-and-play mini device that turns digital displays into a marketing tool for high foot-traffic venues, with an App Market that lets businesses show live social media streams, news feeds and more on their displays. And six months since product launch, we now receive about 60,000 new posts each day across our network.
But it was a trip to get here. If you find yourself in a similar place when beginning your company, here are a few things to try.
Take a guess at what customers want
From your market research and your customer surveys, what recurring themes did you see? You can dwell for months on what that solution might be, but the quickest path to...
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