“The biggest priority during the pandemic has been getting readers the books they want. And what many of them want are books that other people already bought.”
This summarizes most market theory:
“Most people want to buy what other people have already bought.”
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Justin Jackson@mijustin
Wall Street capitalism is never satisfied.
“Ms. McIntosh faces a more entrenched problem: how to keep growing when you’re already gigantic. Investors expect a rise in year-over-year earnings.”
The other effect of having marginal costs (and essentially being able to create unlimited copies of digital goods) is that *market demand* (🔔) becomes the primary variable.
It looks like Jeremy Rifkin has some good thinking on this:
"In a digital society, marginal costs fall to near zero. This is a fundamental change in prevailing business models: economies of scale no longer apply."
I think my comment was mostly about how many startups optimize for user growth, visitor growth, engagement growth, community growth etc (instead of revenue).
- finds reliable distribution channels that don't cost too much - consistently gets new trials - consistently converts those trials to customers - has relatively low churn https://twitter.com/Julian/status/1306984963242209286
Building your own “airplane” (business) on nights and weekends isn’t easy, but it’s certainly safer than jumping off a cliff and trying to build an airplane on the way down.