It’s Sunday morning. It’s quiet. I’m not going to take up much of your time except to say, “Read Free Love.”
The key points:
- There’s an all-out war for consumer attention going on.
- The cost of digital copies is near zero and the cost of physical copies is rapidly dropping.
- We are all creating and sharing our own free content in competition with traditional sources and channels.
- Cash-neutral (swap instead of spend) transactions are growing in number and appeal.
We wrote about free and the Wired article “Free! Why $0.00 Is the Future of Business” by Chris Anderson a few weeks ago. We love free. But, just to keep everything balanced, I recommend you also read the following article from RedHerring circa 1999 titled “Less Than Zero Margins”. It points out the dangers of operating at zero or less-than-zero margins by living off investors’ money while convincing yourself you actually have a business…
Get to it!
- Bandit
P.S. I keep finding aspects and angles of free that I want to share (what’s really happening is that I should be writing the book but instead I’m procrastinating–someone please help!). Kevin Kelly, of Wired magazine, gives us 8 things that can’t be easily copied and therefore could form the basis for value in a free economy. His list starts with trust…
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