This past week has been quite eventful in terms of new things or perhaps I should say new updates to old things, not just in my business but also in the AI and Technology world!
The new iPhone 16 with Apple Intelligence came out earlier this week and yesterday Open AI introduced its "secretive" Strawberry iteration to the Chat-GPT 4.0 in the form of o1.
I finally started an off-LinkedIn Daily Newsletter for my #PostItStatistics.
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LinkedIn Observations for This Week
I want to take a minute to say "THANK YOU" to all the wonderful people who comment on and interact with my content. You keep me going and I am very grateful!
It was a particularly volatile week in terms of impressions and engagements on LinkedIn and I have heard this sentiment echoed by many others at a higher frequency than usual.
I did see a few posts about possible algorithmic changes, but I can neither confirm nor deny any of those observations.
In any case, it was a pretty wild week for many reasons, so my 16-year-old pointed out that there might be a priority-of-relevance conflict occurring at the backend with so many news stories clustering the algorithm.
I have started a hashtag called #PostItStatistics on LinkedIn, Instagram, Facebook, X, and YouTube to share my Post-It Statistics in a variety of formats in case you want to follow along the weekly Post-it videos on these as well.
Synopsis of Posts, related Videos & Post-its for This Week
This week, I mostly focused on a variety of self-checks that small-to-medium businesses should perform to continue on a trajectory of growth. Even a quick back-of-an-envelope check on demand metrics, pricing tiers, revenue and sales metrics can ensure that the business is performing in tandem with consumer and your expectations. If not, the strategy needs to be revisited to reduce customer churn and losses.
TLDR: By shifting the mindset towards stoic acceptance of both criticisms and compliments, we can find a balance, which can help us align our internal and external behaviors, stabilize our reactions to feedback, increase our emotional intelligence.
YouTube Short Video: LINK
Are You Leaving Money on the Table?
TLDR: High-value products or services can command higher prices. This type of 3-tiered pricing approach is quite common in AI, Tech, SaaS, and service industry. Knowing what to price each tier is critical so don't underprice your product!
YouTube Short Video: LINK
Have You Calculated Your Costs Correctly?
TLDR: Take a look at your potential costs of providing the product/service to your consumers. In a tiered pricing structure, you can lose money quickly if you don't consider all total and average costs for each tier carefully.
YouTube Short Video: LINK
Is a Magic 8 Ball Helping You Choose Your Tiers?
TLDR: The post compares Features based versus Volume based approach on Tiered Pricing. Don't rush into a tiered structure because it "feels" right. Be strategic when setting up the correct tiers by using relevant data.
YouTube Short Video: LINK
It is Okay to Let Your Tears Fall...
TLDR: When market is uncertain or tiers are not clearly defined, it is better to switch to a fixed price structure. Use case of fictitious company "Mink-in" was discussed to show that steady state uniform middle tier pricing can prevent revenue leaks and heavy losses.
YouTube Short Video: LINK
What Does STRAWBERRY Have to do with Data Science?
TLDR: This post discusses 10 important concepts from data science, each starting with the letters in the word "strawberry" to recognize the advance in the GenAI world with the new o1 model as well as various other AI models under development.
YouTube Short Video: LINK
And in case any of you missed this post by by Beck Nadir it is a clip of us talking about
"Are we confusing intelligence with test taking?"
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