Split-Service Platform

A platform that enables users to split the cost of expensive business services and subscriptions with other users, focusing primarily on high-priced digital services where sharing makes economic sense for both providers and users.

Key Points:

  • Target Market Focus:

    • High-priced digital services and software
    • Business subscriptions (like PitchBook at $20k/year)
    • Professional services (like lawyers)
  • Economic Model:

    • Provider makes more than single-user price
    • Each user pays less than full price
    • Example: $100 service split between 5 people
      • Each user pays $70
      • Provider gets $140 total instead of $100
  • Why It Works Best:

    • Digital services have zero marginal cost
    • Higher-priced items have more margin for discounts
    • Works better than physical products due to no production costs
  • Potential Name:

    • "Split" or "Split It"
    • Communicates the core value proposition directly
  • Requirements:

    • Needs high volume to be successful
    • Must focus on services that can be effectively shared
    • Platform needs to facilitate fair usage between sharing parties
53:42 - 56:12
Full video: 57:53
SP

Sam Parr

Host of MFM and fitness influencer

Sam Parr is a serial entrepreneur and business media pioneer.

In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.

Sam led the charge in making newsletters popular when few believed in their potential.

After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.

Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.

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