Selling shovels has emerged as a highly effective business model, exemplified by companies like NVIDIA and Binance. This approach focuses on providing essential tools and services that support larger industries. By catering to the needs of various sectors, businesses can create sustainable revenue streams. The strategy emphasizes the importance of enabling others to succeed, rather than solely competing in the market. Companies that adopt this model often find themselves in a position of stability and growth, as they serve as foundational players in their respective fields.
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