Thanks to Hannah Rudman for sending me a link to an article on Chris Anderson’s ‘Long Tail’ website about ’14 Free Business Models’, which is based on a paper entitled ‘Copying and Copyright’ by Google’s economist, Hal Varian. The 14 business models which involve giving things away free include: ‘Sell Physical Complements’, ‘Advertise Yourself’, ‘Sell …
Tag: Long Tail
Chase one rabbit (Chinese proverb)
Here’s some ancient wisdom from a Chinese proverb: “If you chase two rabbits, both will escape.” A useful thought for all creative entrepreneurs. It can be applied to: deciding which creative speciality to choose, from all the creative things you can do. deciding which particular market segment to focus on, rather than trying to appeal …
Co-opetition – friendly competition
Combining traditional Vietnamese fine art with pioneering technology has created success for VietnamArtist.com, a virtual online gallery based in Ho Chi Minh City (Saigon). Tran Thi Anh Vu (pictured, right), an art gallery proprietor, set up VietnamArtsist.com in 1999, seizing the opportunities offered by e-commerce to develop her business. She engaged the services of an …
Viral Marketing Video
One of the subjects discussed at the meeting of the Marketing and Advertising Global Network (MAGNET) in Munich recently was viral marketing. I was there as a guest speaker and one of the other presentations was from Gabriel Szapiro, whose Paris agency Saphir also specialises in marketing – especially permission marketing and viral marketing. He …
The Long Tail
The Long Tail refers to the statistical phenomenon that represents the ‘trivial many’ of the Pareto Principle or ’80:20 Rule’ (see the “95:5 Rule“). Businesses operating in the physical world need to concentrate resources on the ‘important few’, ie the top 20% or even the top 5% that provide the bulk of sales or profits …
‘Lateral-Thinking’ Leadership
The most effective leaders learn from other industries and sectors. “Most [executives] think they are in touch with the outside world if they play golf with the vice-president of another company in the same industry.” – Professor Peter Drucker. Management Guru. (Financial Times. London. 16 November 2004.) Research commissioned by the UK Government’s Department of …