Updated: 01/04/2003; 5:03:07 PM.
UPEI
My Courses and Comments from My Students
        

Sunday, March 09, 2003

I think that we can see the new model for busines today. No inventory. Take the order and then build. Build community. Dell, Ebay, Southwest, Amazon even Walmart all shre some or all of these characteristics
9:17:21 PM    comment []

Sony CEO on micro-payments and music industry. Part 1 of Tony Perkins interview with the CEO of Sony over at Always On Network.
[via Werblog]
 
Interesting interview overall, but I found this choice quote:
"They have to change their mindset away from selling albums, and think about selling singles over the Internet for as cheap as possible—even 20 cents or 10 cents—and encourage file-sharing so they can also get micro-payments for these files."
I've been thinking about paid content a lot lately, and the issue of micro-payments as an approach.  It's certainly true that the value of digital assets (often) approaches zero, but that the available volume and cost of distribution is radically larger.  Micro-payments for secured digital content seems to make sense, but hasn't worked for a variety of reasons.  Would you pay 25 cents for a music file?  $2 for a copy of a video?  What else would you pay less than $5 or $10 for (the cost which becomes uneconomical for credit-card and other payment systems to handle because the 2% clearing fee doesn't cover their transactions costs)?
 
[Jeremy Allaire's Radio]
12:01:04 PM    comment []

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