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  • Most Coachella Attendees Buy Tickets with Buy Now, Pay Later

    Most Coachella Attendees Buy Tickets with Buy Now, Pay Later


    Coachella, the music festival that occurred across two weekends this month, drew crowds of 125,000-plus attendees each day.

    A report published by Billboard last week shows that most of the crowd, about 60%, used Coachella’s payment plan system to pay for their $600-and-up tickets. The plan allows attendees access to Coachella with an upfront cost of as little as $49.99.

    Tickets started at $649 for the first weekend of Coachella from April 10 through 12 and $600 for the second weekend from April 17 through 19. People reported that tickets used to cost $429 per weekend in 2020. When Coachella started in 1999, tickets were $50.

    Related: Jeff Bezos Was Caught on Video Dancing at Coachella, But It’s His ‘$12 Amazon Shirt’ That Has the Internet in Stitches

    The festival first began offering the buy-now-pay-later option in 2009, and at the time, only 18% of attendees tapped into it, per People.

    Coachella music festival 2025. Credit: Getty Images

    Coachella partnered with ticketing company AXS to offer the buy now, pay later payment plan, which enables the festival goer to pay off their ticket over three months. Coachella does not charge interest for the ticket purchase, but does require that those who opt for the payment plan pay a $41 fee for using the service, which amounts to about 8% of the ticket price. The average credit card interest rate, in comparison, is about 20%.

    Most fans bought tickets to Coachella after the festival announced its musician lineup in November, revealing that Lady Gaga, Travis Scott, Green Day, Post Malone, and Benson Boone were headliners. Anyone who bought tickets before Jan. 25 and opted for the payment plan had the price of their ticket divided into three equal payments, with the final payment deducted from the attendee’s account in March, per Billboard.

    If payments were more than 10 days late, the order was automatically cancelled and the fan given a credit for future festivals. The credit expires one year after being issued.

    Related: Google’s Founders Once Interviewed Their CEO at Burning Man. Now the Desert Festival Is Struggling to Sell Tickets.

    Coachella makes more than $115 million in ticket sales on average per year. Artists who perform at the festival can earn up to $5 million per weekend.



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  • On TikTok, Chinese Manufacturers Open a New Line in the Trade War

    On TikTok, Chinese Manufacturers Open a New Line in the Trade War


    Chinese manufacturers are flooding TikTok and other social media apps with direct appeals to American shoppers, urging people to buy luxury items straight from their factories. And amid the threats of sky-high tariffs on Chinese exports, Americans seem to be all in.

    The pitch in the videos is that people can buy leggings and handbags exactly like those from brands like Lululemon, Hermes and Birkenstock, but for a fraction of the price. They claim, often falsely, that the products are made in the same factories that produce items for those brands.

    American influencers have embraced the videos, promoting the factories and driving downloads of Chinese shopping apps like DHGate and Taobao as a way for shoppers to save money if the price of goods skyrockets under President Trump’s tariffs on Chinese imports. DHGate was among the 10 most downloaded apps in Apple’s and Google’s app stores last week.

    The videos are surging in popularity on TikTok and Instagram, racking up millions of views and thousands of likes. Many of the posts also seem to have elicited Americans’ sympathy for China in comments, such as “Trump bullied the wrong country” and “China won this war.”

    The videos offer a rare outlet for Chinese factory owners and workers to speak directly to American consumers through social media apps that are technically banned in China. And their popularity in America highlights increasingly vocal support for China on social media, similar to the outcry over the federal government’s potential ban of TikTok.

    “It’s activating people politically in a similar way that you saw when we were going to cancel TikTok, but this time in the context of tariffs and the overall relationship with the two countries,” said Matt Pearl, a director who focuses on technology issues at the Center for Strategic and International Studies. “It does demonstrate their ability to communicate with American consumers to drive a message about our dependence on Chinese goods.”

    Mr. Pearl suggested that the Chinese government might be allowing the videos to proliferate, since it has otherwise tended to discourage its citizens from posting videos that infringe on trademarked products from Western countries.

    The Chinese Embassy in Washington and the Chinese Consulate in New York did not return requests for comment.

    The volume of TikTok videos urging users to source products directly from Chinese factories soared almost 250 percent during the week of April 13, according to Margot Hardy, an analyst at Graphika, a social network analysis firm. On TikTok, the hashtag #ChineseFactory had 29,500 posts on April 23; on Instagram, it had 27,300 posts.

    Retail experts — and vendors in China — say it’s unlikely that the most viral videos, which claim to be manufacturers for brands like Lululemon and Hermes, are peddling authentic products from those labels. Those factories often sign strict nondisclosure agreements and are unlikely to destroy their long-term relationships with major brands in exchange for hawking a few goods through direct sales, said Sucharita Kodali, a retail analyst at Forrester.

    The Chinese government appears to be allowing the videos to proliferate, she said.

    “A Lululemon or Chanel’s interests right now in China are probably No. 100 on the list of things that the Chinese trade minister and officials there are concerned about,” Ms. Kodali said. Manufacturers may also be rushing to close sales before new tariffs on May 2 add hefty fees to parcel shipments from China, she said.

    Still, questions around the veracity of the goods aren’t stopping demand.

    Elizabeth Henzie, a 23-year-old in Mooresville, N.C., said she found the manufacturing costs and retail prices described in the videos eye-opening. She made a spreadsheet of factories that claim they are selling dupes of sneakers, luxury bags and more, and linked it in her TikTok profile. That post has attracted more than one million views.

    Ms. Henzie is now working as an affiliate partner for DHGate, where she will receive free products from the company for review videos and a commission if people make a purchase through her links. She said she believed that people in China were ultimately trying to help Americans.

    “Seeing how other countries are coming together to try to help American consumers has boosted my morale,” Ms. Henzie said. “Even though it’s a negative thing that’s going on in America, I think it’s also pushing us to come together.”

    TikTok, which is owned by the Chinese company ByteDance, has been taking down some of the videos, pointing to a policy that prohibits the promotion of counterfeit goods. But many have persisted through reposts. Even older videos about Chinese manufacturing are spreading in personalized news feeds amid major interest in the tariffs. TikTok declined to comment further, and Instagram, which is owned by Meta, declined to comment on the videos.

    Sellers in China say they started posting the videos when sales fell. Yu Qiule, the 36-year-old co-owner of a manufacturing company in Shandong Province in eastern China that makes fitness equipment, said he started posting to TikTok in mid-March to find more customers after the tariffs prompted a wave of canceled orders.

    Louis Lv, the general manager of export at Hongye Jewelry Factory in Yiwu, in Zhejiang Province, said his firm started posting on TikTok at the end of 2024, driven by a slowdown in domestic sales.

    But he has watched the viewership in his TikTok videos soar since the Trump administration announced the tariffs. “The philosophy of Chinese businessmen is we will go wherever the business is,” he said in an interview.

    In one of the most popular TikTok videos, a man is holding what he says is a Hermes Birkin bag while claiming to share its production costs from a factory. (The original video and account have been removed, but versions of the video are still widely circulating through reposts from other users.) He says that the purse costs less than $1,400 to manufacture but that the French luxury retailer sells it for $38,000 solely for the label. The man claimed that he used the same leather and same hardware to replicate the handbags without the logo, offering them for $1,000.

    A spokesman for Hermes said its bags “were 100 percent made in France,” and declined to comment further. A spokeswoman for Birkenstock said that the videos showed “knockoffs” and that its footwear was engineered and produced in the European Union. The company said that it had contacted TikTok and that initial videos were deleted on April 15.

    Lululemon, which has also been the target of viral TikTok videos from manufacturers who claim to sell its leggings for just $5, said it had been in touch with TikTok to remove false claims. Lululemon said in an emailed statement that it didn’t work with the manufacturers in the videos and warned consumers to be aware of potentially counterfeit products and misinformation.

    Vanessa Friedman and Isabelle Qian contributed reporting from New York.



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  • Boeing Will Sell Its Digital Businesses for $10 Billion

    Boeing Will Sell Its Digital Businesses for $10 Billion


    Boeing announced on Tuesday that it would sell a handful of navigation, flight planning and other businesses for more than $10.5 billion as the company works to refocus on manufacturing planes and other aircraft.

    The company, which also wants to reduce its large debt, said it would sell four businesses from a digital unit to Thoma Bravo, a private equity firm specializing in software. Those include Jeppesen, which provides navigational charts and information to pilots, and ForeFlight, an app that helps plan flights and monitor weather.

    “This transaction is an important component of our strategy to focus on core businesses, supplement the balance sheet and prioritize the investment-grade credit rating,” Kelly Ortberg, Boeing’s chief executive, said in a statement.

    The company said it expected to close the all-cash deal by the end of the year. The digital unit that houses those businesses employs about 3,900 people, though some of the unit will remain at Boeing. The company employed about 172,000 people as of the start of the year.

    Mr. Ortberg, who joined the company last summer, made streamlining Boeing’s operations a strategic goal as he tries to address concerns about the quality of the company’s planes that were raised after a panel blew off a 737 Max plane during a January 2024 flight near Portland, Ore.

    No one was seriously injured in that incident, but it renewed worries about Boeing’s planes several years after two fatal crashes of the 737 Max in 2018 and 2019. Safety and quality issues have stymied Boeing’s commercial plane production in recent years. Then last fall, production of the 737 Max, Boeing’s most popular commercial plane, came to a near standstill during a two-month worker strike.

    In January, Mr. Ortberg said the company had resumed production of the Max, and was making more than 20 of those planes per month as well as five of the larger 787 Dreamliners.

    That is well below the goal the company had set before last year’s panel incident of delivering 50 of its 737s and 10 of its 787s per month. Boeing has about 5,500 outstanding commercial plane orders, valued at hundreds of billions of dollars.



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  • A Silicon Valley Museum Weighs Tech’s Promises and Perils



    Set in the heart of Silicon Valley, the Computer History Museum long cheered the developments around it. Now, it’s taking a more nuanced approach.



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  • Details Hegseth Shared on Signal Came From a Secure Site



    Information about U.S. strikes in Yemen that the defense secretary put in two group chats came from Central Command, according to two people familiar with the chats.



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  • Airbnb to Show Full Pricing With Cleaning, Added Fees

    Airbnb to Show Full Pricing With Cleaning, Added Fees


    The Federal Trade Commission’s (FTC) “junk fees” ruling, which was passed in December 2024, goes into effect on May 12. The new law requires businesses selling tickets and short-term lodging to “clearly” show all fees (like service and cleaning fees) at the time of purchase.

    On Monday, Airbnb announced in a statement that it is getting started early.

    All Airbnb guests globally will now automatically see the complete cost of their proposed stay, including all fees (before taxes), when looking at search result listings.

    Related: ‘I Can’t Get Everyone to Move Here’: Why Airbnb’s CEO Is Sticking With a Once-a-Month Hybrid Schedule

    “With the global rollout of total price display, we’re making it easier for guests to better understand the price they’ll pay, and for hosts to succeed in a more transparent marketplace,” the company said. “We believe these improvements will continue to create positive guest experiences from search to stay while also supporting the growth of the Airbnb community around the world.”

    Parts of Europe, Canada, Korea, and Australia have already had total pricing transparency since 2019, following those countries’ individual regulations.

    The total price feature has been optional in the U.S. for two years, Airbnb notes, and 17 million guests have opted to use the feature. Meanwhile, the option for full price disclosure actually helped lower cleaning fees imposed by hosts.

    In its Q4-2023 and full-year financial results, Airbnb noted that after enabling the feature, nearly 300,000 listings removed or lowered cleaning fees, while 40% of active listings eliminated it completely.

    “Guests everywhere will now see the total cost of their reservation, including all fees before taxes,” the statement reads. “We know that clear, upfront pricing improves the Airbnb experience for both guests and hosts.”

    Related: Airbnb’s New ‘Icons’ Cost Less Than $100 Per Night, Including the House from ‘Up’ and Prince’s ‘Purple Rain’



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  • Saying ‘Thank You’ to ChatGPT Costs Millions in Electricity

    Saying ‘Thank You’ to ChatGPT Costs Millions in Electricity


    It costs millions of dollars to be polite to AI.

    OpenAI CEO Sam Altman confirmed last week that OpenAI’s electricity bill is “tens of millions of dollars” higher due to people being polite to ChatGPT.

    Last week, an X user posted: “I wonder how much money OpenAI has lost in electricity costs from people saying ‘please’ and ‘thank you’ to their models.” The post has been viewed 5.7 million times as of press time.

    Altman replied the following day: “Tens of millions of dollars well spent—you never know.”

    A survey released in February by the publisher, Future, found that 67% of people who use AI in the U.S. are polite to the chatbot. Nearly one out of five respondents of that group (18%) stated that they say “please” and “thank you” to AI to protect themselves in case of a possible AI uprising. The remaining 82% said they were polite simply because it was “nice” to be that way to anyone, AI or human.

    Being polite to AI may serve a functional purpose. Microsoft design director Kurtis Beavers noted in a Microsoft blog post that “using polite language sets a tone for the response” from AI. In other words, when you’re polite to AI, it is likely to respond in kind.

    Related: New Google Report Reveals the Hidden Cost of AI

    However, that politeness has an energy cost. According to a May 2024 report from The Electric Power Research Institute (EPRI), it takes 10 times more energy to ask ChatGPT a question or send it a comment than it takes to run a standard Google search without AI overviews summarizing results at the top of a search page.

    Researchers at financial advice site BestBrokers found that ChatGPT needs 1.059 billion kilowatt-hours of electricity on average every year. That would amount to an annual expenditure of about $139.7 million on energy costs alone for the AI chatbot.

    AI also requires substantial amounts of water to cool the servers that power it. Research from the University of California, Riverside shows that ChatGPT requires up to 1,408 milliliters of water, or about three 16.9-oz bottles worth, to generate a 100-word email. It takes 40 to 50 milliliters of water to generate a three-word “You are welcome” response from ChatGPT.

    Related: Is ChatGPT Search Better Than Google? I Tried the New Search Engine to Find Out.

    Meanwhile, OpenAI can afford the tens of millions of dollars in AI electricity costs. Earlier this month, the startup raised $40 billion at a valuation of $300 billion in the biggest private tech deal ever recorded. OpenAI noted at the time that it had 500 million global weekly users, up from 400 million in February.





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  • She Quit Corporate Life to Build a Nearly $3 Million Franchise

    She Quit Corporate Life to Build a Nearly $3 Million Franchise


    Sarah Ross spent years working in corporate accounting, following a path that felt predictable — but ultimately unfulfilling. The long hours, rigid structure and lack of autonomy began to wear on her. Though she appreciated the stability and had a knack for numbers, Ross started to question what it was all for and who was really benefiting from her effort.

    “I felt, if I’m working 14-hour days, it should be for me instead of somebody else,” she says. That realization marked the beginning of a major career pivot.

    But Ross knew herself well: “I was too risk-averse to start something from the ground up,” she says. “I felt comfortable running the back-office side of a business. So I decided to go the franchise route because I knew I needed coaching on sales and marketing.”

    Related: Considering franchise ownership? Get started now to find your personalized list of franchises that match your lifestyle, interests and budget.

    Becoming the contractor who “gets the job done”

    After researching her options, Ross landed on Fresh Coat Painters, a residential and commercial painting franchise. She says three factors drove her decision: affordability, a promising territory and confidence in the product. Ross also had firsthand experience with unreliable contractors and saw an opportunity not just to run a business, but to fix a problem she — and many others — understood all too well.

    “Having been a female homeowner myself and dealing with some unreliable, undependable contractors, I felt like I could be that dependable contractor,” she says. “The one that shows up [and] gets the job done.”

    Ross was also drawn to the growth potential in the U.S. home services industry, which was valued at $212 billion in 2023 and is projected to reach $893 billion by 2031.

    Related: How a Police Officer Started a Pet Care Business Making $3 Million a Year

    Hire the best and treat them fairly

    Ross launched Fresh Coat West Austin in Texas in 2015 and brought in revenue of about $300,000 in the first year. Ten years later, she’s grown the business to $2.8 million — and she’s aiming to hit $3 million this year. One of her key strategies for growth is building deep local relationships.

    “We’re heavily tied to the real estate market,” she says. “So the relationships we built with realtors helped us. Post-Covid-19, we had a bump in business, then it slowed when the market cooled. Now, we’re starting to see things trend back up.”

    Ross also credits the demographic growth of her territory as a major advantage — the Austin metro area is one of the fastest-growing regions in the U.S., according to the U.S. Census Bureau. But the real driver, she says, has been consistency — showing up for customers and earning trust over time.

    Another crucial factor is her commitment to her team. The painting industry has high turnover because, unlike many other trade professionals, painters usually aren’t required to be licensed. That lack of regulation can lead to inconsistent skill sets and poor treatment by some contractors, so Ross has developed a keen eye for identifying great painters and keeping them. “Treat them fairly, pay them on time and show them respect,” she says. “That’s somewhat of a game changer for them.”

    Related: 64 Million U.S. Households Have a Pet. Here’s How This Top-Ranked Franchise Is Making Busy Owners’ Lives Easier.

    Connecting with clients

    As a woman business owner in a traditionally male-dominated industry, Ross has found her identity to be a strength. “We mainly do residential repainting,” she says. “When we’re quoting, it’s often to female homeowners and they’re almost pleasantly surprised when [a woman shows up]. It helped me stand out.”

    Fresh Coat has intentionally sought diversity among its franchisees and team and its top leadership sees this as a strength. “My predecessor was also female,” Fresh Coat CEO Laura Hudson says. “About 30% of our owners at Fresh Coat are either female owners or husband-wife owners, so we have a pretty strong female presence, which is important because it’s about 70% women customers that you’re talking to.”

    Ross’s leadership style has also evolved as the business has grown. Early on, she says she approached problems with a more analytical mindset, typical of her accounting background. Today, she’s more focused on being solutions-driven and people-first. “If something’s wrong, I’m not going to sit on my hands,” she says. “I’m going to try to fix it. I tell my guys, ‘Just tell me what’s wrong and I’ll figure out how to help.’”

    Related: How Shaq Is Bringing Fun Back to Papa Johns

    Going for $3 million in revenue

    Looking ahead, Ross isn’t planning to expand into new territories. Instead, her focus is on deepening relationships and maximizing growth within her existing footprint. “I have an amazing territory,” she says. “So the goal is to continue to develop those relationships and add additional ones where we can.”

    Ross has her sights set on hitting the $3 million mark this year and she’s added a bit of friendly competition to the goal. One fellow franchisee in the system has closely matched her revenue over the past few years and that rivalry has become a motivating factor. “I jokingly say my plan for this year is to beat him to $3 million.”

    Related: Greg Flynn Owns 1,245 Restaurants and Makes $2 Billion A Year. Here’s How He Did It.



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  • 3 Unseen Advantages of Mentoring Other Entrepreneurs

    3 Unseen Advantages of Mentoring Other Entrepreneurs


    Opinions expressed by Entrepreneur contributors are their own.

    I didn’t start my business on my own. Sure, I’m the only founder, and I conceived the ideas that my company, Jotform, is built around.

    But it’s also true that I would not be where I am today without the mentors I looked to for advice and guidance. Some of the rules I credit with Jotform’s success — for example, that I hire only when I’ve got a year’s salary already in the bank — were lifted directly from other founders who showed me the way.

    I’ve always believed mentors are indispensable for anyone looking to start a business. But I’ve also come to realize that mentoring others is equally important and can help your business in surprising ways. Here’s how.

    Related: I Mentor First-Time Entrepreneurs — These Are the 4 Unseen Benefits I Gained By Giving Back

    You discover new ways of thinking

    One of the worst things you can do as a founder is surround yourself with people who think the same way you do. That’s one of the reasons I mentor other founders — I’m constantly surprised by how much I learn just by talking to them.

    I’ve been building my own products for two decades, but that doesn’t mean I know everything. I’m constantly learning — I dedicate time each day to reading blogs and listening to podcasts to ensure I’m keeping up with what’s going on in my industry. Still, talking to my mentees about how they’re using tools like AI gives me a fresh perspective I can’t get from consuming media alone. By helping them think through how to integrate new technology into their products, I’m thinking through how I can apply those lessons, too.

    Being a mentor also requires me to constantly reevaluate my own beliefs. In general, my knowledge has accumulated over years of hard-earned experience. Even so, the process of explaining why I think how I do is incredibly beneficial, either to reinforce those beliefs or challenge me to update them.

    You can grow your own star performers

    Everyone wants to hire a superstar. But I’ve always preferred to create them by promoting them from within. Mentoring employees within your organization provides a crucial opportunity to get to know their future aspirations, grow their confidence and help them feel more engaged with the company’s mission.

    At Jotform, we call our new-hire mentorship program The New Grad Training Program. Basically, we hire people fresh out of school who show lots of promise but lack hands-on experience. They start out by doing support tasks, which range from quality assurance testing to user feedback analysis to answering customer support questions. One day per week, these new hires work with a mentor who can show them the ropes of a given department — maybe they’ll attend meetings with a data analyst or shadow a JavaScript developer. Every six months, participants can interview for the position they want. This program is a great way to develop raw talent and turn our new hires into top performers.

    It’s tempting to wonder what happens if you spend time mentoring an employee, only to have them leave for a shinier opportunity elsewhere. But this is short-term thinking: Studies show that internal hires are not only high performers, they’re also more likely to stay with the organization for the long haul, while high-performing external hires are more likely to leave. My own experience confirms this: At Jotform, our annual churn rate is only 5%.

    And anyway, as Henry Ford put it, “The only thing worse than training your employees and having them leave is not training them and having them stay.”

    Related: 4 Lessons I Gained from Mentorship That Elevated My Startup Journey

    You can pay it forward

    Many of the world’s most accomplished people are quick to note that they wouldn’t be where they are without the support of their mentors. Richard Branson, for example, already had experience as an entrepreneur under his belt when he founded Virgin Atlantic. That didn’t stop him from enlisting the help of Sir Freddie Laker, the founder of the low-cost airline model, for support. “I have always been a huge believer in the inestimable value good mentoring can contribute to any nascent business,” Branson has said.

    Even for someone as well-regarded as Branson, success doesn’t happen in a vacuum. I know mine didn’t. That’s part of why mentoring is important to me — I want others to not only learn, but also feel like they’re not on their journey alone. There are few forces as powerful as having someone believe in you, which also leads to a deeper sense of belonging. According to Gartner, “Belonging is a key component of inclusion. When employees are truly included, they perceive that the organization cares for them as individuals — their authentic selves.”

    Everyone needs a mentor. However, I firmly believe that mentoring others is equally important. Mentoring gives you the chance to learn new things and challenge your beliefs; it also builds relationships with employees who will often grow into top performers. But most importantly, it lets us reach out through the darkness and offer light to someone who needs it, allowing them to chart their own success.



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  • Inspired by the Masters? Bring Your Work Hustle to the Golf Course with Mind Caddie, Now $99.99.

    Inspired by the Masters? Bring Your Work Hustle to the Golf Course with Mind Caddie, Now $99.99.


    Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

    Take the same focus and determination that makes you a shark in the office out on the golf course when you use Mind Caddie to up your mental golf game. Packed with short audio lessons, guided exercises, and performance tracking, the Mind Caddie app helps you hone in on the mindset that makes you a successful golf player. This usually $209 app is now just $99.99, so don’t miss this undervalued investment in your success.

    On the course and off

    Getting a round in with your colleagues is about more than seeing who makes it under par. It’s the time that puts a social face on your business connections. It’s the much-needed movement in a week spent sitting before screens and reports. It can also be a mental exercise in focus and confidence when using Mind Caddie for performance coaching on and off the course.

    Golf is as mental as it is physical. When you tap into the Mind Caddie app’s proven coaching methods from Karl Morris — a performance coach for Ryder Cup captains and PGA Tour, European Tour, PLGA, and Ladies European Tour winners — you learn the tools to help yourself achieve success. The program is structured in a way that helps you track your improvements and build mental resilience, all backed by scientific study.

    Using the app to improve your game

    You’ve already tried tutorials and swapping clubs. Now it’s time to use the simplest tool you’ve got: your listening ears.

    Listen to the short audio golf lessons to practice mental strategies. Use guided exercises to build confidence and focus. Follow the step-by-step course to develop yourself as a player. Then, track your performance — what gets measured gets improved, after all. You’ll see the proof in your own performance increases. Transform your mind, transform your game.

    A better golf game is out there, and you can play it for just $99.99 with Mind Caddie, now discounted by 52%.

    StackSocial prices subject to change.



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