20% Remix Business Model
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A strategy of taking successful business models and applying them to new markets with a 20% modification, allowing you to capitalize on proven concepts while serving different customer segments.
Example 1: Sketchy.com Business Model
- Visual learning platform for medical students
- Key elements:
- Focused on specific niche (med students)
- Uses cartoons/animations for better retention
- Test prep subscription model ($25-50/month)
- 500,000+ students served
- Potential 20% remixes:
- Apply to SAT/AP exam prep
- Use for nursing or dentistry education
- Adapt for other professional certification tests
Example 2: Babylon Bee Media Model
- Conservative-leaning satirical news site
- Key success factors:
- Focuses on shareability over factual reporting
- Serves specific political demographic
- Gets viral distribution through influential figures
- Potential 20% remixes:
- Create version for millennial moms
- Target different demographic clusters
- Focus on non-political topics like Bachelor/Taylor Swift
- Apply format to specific interest groups
Example 3: Native Deodorant Model
- Clean/natural alternative to mainstream products
- Success based on:
- Health-conscious positioning
- Premium branding
- Simple product extension strategy
- Potential 20% remix:
- Apply to feminine hygiene products
- Focus on toxicity concerns
- Target health-conscious consumers
- Use similar natural/clean positioning
Key Principles of 20% Remix Strategy
- Find proven business models
- Identify underserved market segments
- Make minimal but meaningful modifications
- Maintain core elements that drive success
- Focus on execution over innovation
- Leverage existing consumer concerns/trends
- Build on established customer behaviors
17:03 - 19:46
Full video: 01:00:48SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.