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IoT consumer products are more expensive than their traditional counterparts, often by an order of magnitude. Not good but makes sense – the tech needs to be financed. But however innovative the products are, higher pricing will cause a headwind. Part of the problem is consumer IoT products are still being sold with traditional product business models. In this episode of the IoT Business Show, I speak with Nate Williams about the opportunity to innovate consumer IoT business models.
Read the rest of the show analysis notes at: http://www.iot-inc.com/new-business-models-in-consumer-iot-still-solidifying-podcast
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