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Last active August 25, 2020 17:27
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Q: how do you make money? A: sell stuff
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Internet of Things products rely on hardware sensors. These are little devices that monitor things like room temperature, heart rate, compass reading, etc. Sensors need to be cheap and plentiful. Low prices mean ultra-low profit margins.

So how do you make money in the sensor business?

  1. Only allow access from a front end you control, and charge for the front end.
  2. Don't bother trying, let suckers eat the tiny margin.
  3. Give away the sensor and own the data center and/or UI.

Those are the consensus as far as I can tell, anyway. But I don't know if I believe this is all you can do. So here are my contrarian answers:

  1. Sell a lot. Win by brute force.
  2. Raise prices. If your sensor is so valuable, why can't you charge for it?
@HeidyD
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HeidyD commented Aug 23, 2020 •
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Now the internet is the key to success so don't think about that guy and focus on what you want. Try to make money on your own. I know that now we are living in a hard period but I'm sure that everyone will manage to do something, of course, if you want that. Now on the internet, you can find everything. I inspired myself from this site themoneymix.com. There you will learn how to make money and also so ideas for the passive income. Wish you good luck.

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