Seth Godin tells the story of two lemonade stands using two different business models
Does this story rings a bell when you compare the lemonade stands to Halal/Zabeeha meat stores?
More about free as a business model. Here is a talk by Chris Anderson given at Revenue Bootcamp Conference.
-Quality is in the eye of beholder.
-There are multiple economies: In the currency economy may be free, but in reputation or time it may not.
-Offer the low cost product as free, and sell the premium one as paid.
-Number of packages: Keep it simple, three options, one for free, and two paid.
-Your free trial should be long enough in time to get users’ engagement. Chris Anderson advise against the common 30-day free trial; He explains that customers won’t commit in using your service when they know they might leave it. Rather, he advised to use limited feature freemium model.
Related Post: Free
Freemium: Free As a Business Model
Speaker: Chris Anderson
Editor in Chief: Wired Magazine
Author Of Free: The Future of a Radical Price
Married, Father of 5
Free is the most misunderstood word in English Language
In other languages has two meanings of free
Example: Latin: libre and gratis
Word Free Has Two Meanings in English
No Price/Cost (Gratis)
Possibly Good/Possibly Bad
Example of two Free
Internet most competitive field:
In digital economics the price/cost of zero (free) is competed with:
Some offer it free
Some say you cannot compete with free
Competed with free the longest
Free: The Future of a Radical Price is a new book by Chris Anderson, which created a considerable amount of debate. However, it contains many useful insights about value creation and business models.
I found this book in audio form and it’s FREE, Alhamduillah!
Here is the audio book link
BTW, remember to read more Quran in Ramadan. It’s FREE now, but on the Day of Judgment your recitation is invaluable.