Re: Broken Business Model
yalanand
12/16/2011 2:23:46 AM
But kids would rather spend their cash on illegal beer than legal downloads.
@Noreen, true. Infact you can download most of the videos/movies using torrent site's. The day when the government strictly restricts such site's I think people will start paying for legal downloads.
Noreen, based on their recent results it’s a conversation being had across the country, the prevalence of redbox and streaming media through free sites are making the Netflix subscription fees seem exorbendent.
Re: Broken Business Model
TelecomFreq
12/15/2011 1:18:55 AM
I have been known to pop my head into some of those free seminars from time to time for the perks. And I always try to rub elbows with the vendors who are known to throw the big parties to try and get invites haha.
Re: Broken Business Model
Value Hiker
12/14/2011 5:08:25 PM
In many cases, people know perfectly well that free stuff doesn't worth the time they put on . But they just can't resist the temptation. Unfortunately, I am one of these people from time to time. I still have the problem to attend some not-so-interesting seminars during the trade shows, just to get some free perks. Maybe studying behavoir finance can help me to overcome this temptation.
Re: Broken Business Model
TelecomFreq
12/14/2011 4:48:10 PM
Value Hiker,
Free stuff is definatly tempting, but there comes a point where it is more work then it is worth. But trust me, I love free stuff as much as the next guy.
I don't necessarily think it was just one bad move. The price thing was big. But the way they handled it with their existing customers was rough. That's what left a bad taste in alot of people's mouths.
Everyone knows the economy isn't so good and there will need to be price increases here and there. It's just how you present it to your user base that matters most.
Re: Broken Business Model
Value Hiker
12/14/2011 2:31:36 PM
Telefreq, you definitely under-estimate the temptation of free stuff. You may want to see the following movie: http://www.imdb.com/title/tt0284363/. Even super rich people can not resist the temptation of a few free coins.
I listened to a couple just the other night discussing Netflix:
Him: I'm cancelling the subscription
Her: Why? It's only a few dollars a month.,
Him: We just don't use it enough to justify it. It's not the price. It's that I can just use the money better somewhere else.
Every kid I know does the youtube song grab. It may not be legal, but it is pervasive. As adults, it's easier to pay 99 cents on itunes. But kids would rather spend their cash on illegal beer than legal downloads.
Re: Broken Business Model
erierunner
12/13/2011 12:47:08 AM
My comment was meant to have some tongue in cheek. I couldn't figure out the illegal stuff if you paid me. Point was, these things are out there and at the end of the day are having an impact on businesses such as this. Technology helps and technology hurts. Just like how newspapers are dying and media outlets needed to reinvent through the internet the same applies to companies such as netflix.
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