Finally had a chance to really read through this article and the attached MIT document and thought I'd share.
Getting 90% of the market share but not making any money is not a win.
"Free brought us recreational users who tried us for superficial reasons, while those who found real value were the enterprise customers.”
If you've already developed a large 'customer' base from a Freemium model – answer to the enterprise customers needs to really grow your product(s) in the right direction – and your business. If people are willing to pay, chances are you're filling a need & you will attract more paying customers.
Thanks for sharing +Panah Rad!
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Has the Freemium business model run its course?
"Product innovation does not mean business model innovation. If your product adds compelling value to customers, charging for it is simply getting your fair share of the value created. You do not have to be ashamed of making a profit."
Very interesting thoughts.
(Thanks for sharing, +Elizabeth Delgado.)
WATCH: A New Electric Vehicle For Wheelchair Users
A recent addition to the electric vehicle market hopes to bring green transportation to more individuals that use wheelchairs. Translogic’s Bradley Hasemeyer took a test drive of the Kenguru and found…
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It’s summertime! Does your WordPress database look good in a bikini? Here’s a quick way to trim the fat & make it super sleek!
(If only it were that easy for us humans!)
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It’s been on my mind for years and I heard it can allow for much faster typing speeds. I just took 4 speed typing tests on the QWERTY keyboard and averaged just over 65 wpm. Then, I took ‘lesson 1′ (twice) on the DVORAK keyboard home keys and got a whopping 14 wpm. I guess it will take time for me to ramp up.