What are some tech companies that follow the "hunting mice" method and what do they do?

For those that don't know: https://www.thewisdompost.com/business/100-million-dollar-business/5-ways-build-100-million-dollar-business/1613#1-hunting-mice

Here's how you hunt mice:

In this “hunting mice’ strategy, you need to acquire at least a million paying customers who will pay you a minimum of $100 per year each. Again, this number is just a gross simplification. If two people come to your website and one buys from you, you need to have two million visitors to your website because your conversion rate is 50%.

Like hunting flies, you still need a huge number of visitors and paying customers to hit the hundred million dollar target. And this means that your business still requires a certain level of virality. Well, maybe not Snapchat or Instagram type of virality, but you still need to incorporate and grow your business viral.

Some good examples of companies are like Evernote and MailChimp. And if you are building an e-commerce business, your business can and have the potential to reach a million customers, but that will require a lot of funding as you will need to spend quite a large amount into paid marketing.

CNBC once covered an article of a 33-year-old guy earning a million dollars in just 92 days selling Kevlar pants online from an e-commerce website that he has built. This real-life story has shown that building a hundred million dollar business is really possible when you tap on the right platform and follow a proven blueprint.

Obviously MailChimp and Evernote are two examples listed but what are some other examples of companies that hunt mice?

Submitted June 02, 2021 at 03:30PM by ThePoarter https://ift.tt/3pgmGgS via TikTokTikk