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Erin Hamson

Free! Why $0.00 Is the Future of Business - 4 views

shared by Erin Hamson on 25 Sep 10 - Cached
Andrew DeWitt liked it
  • zero-cost distribution has turned sharing into an industry
    • Bri Zabriskie
       
      This article is long but well worth skimming. I used a quote from it in one of my latest blogposts, "Free Entertainment?" at bricolorful.wordpress.com
  • Invent something people use and throw away.
    • Erin Hamson
       
      Eliminates scarcity
  • By giving away the razors, which were useless by themselves, he was creating demand for disposable blades.
    • Erin Hamson
       
      Supply and demand
  • ...13 more annotations...
  • The fastest-growing parts of the gaming industry are ad-supported casual games online and free-to-try massively multiplayer online games
    • Erin Hamson
       
      Still need a way to make money
  • The first is the extension of King Gillette's cross-subsidy to more and more industries.
    • Erin Hamson
       
      That is, giving somethings to make you buy others
  • The second trend is simply that anything that touches digital networks quickly feels the effect of falling costs.
  • And that meant software of broader appeal, which brought in more users, who in turn found even more uses for computers.
    • Erin Hamson
       
      Cheaper goods brings in more people allowing the standard of living to rise for all.
  • FREE CHANGES EVERYTHING
    • Andrew DeWitt
       
      Wow, this is awesome.  Imagine the world of free electricity.  It makes me wonder what our age of free digital will bring.
    • Kristi Koerner
       
      I actually agree that some things, maybe even more things, should be free. But not as a marketing ploy. And this system seems to go against our capitalist ideals of competition.
  • The most common of the economies built around free is the three-party system. Here a third party pays to participate in a market created by a free exchange between the first two parties.
    • Erin Hamson
       
      Where the money comes in.
  • There are dozens of ways that media companies make money around free content, from selling information about consumers to brand licensing, "value-added" subscriptions, and direct ecommerce
  • subscription model of media and is one of the most common Web business models.
  • Isn't it just the free sample model found everywhere from perfume counters to street corners?
  • the manufacturer gives away only a tiny quantity
  • A typical online site follows the 1 Percent Rule — 1 percent of users support all the rest.
  • Yahoo's pay-per-pageview banners, Google's pay-per-click text ads, Amazon's pay-per-transaction "affiliate ads," and site sponsorships were just the start.
  •  
    A seminal post that became the basis of Anderson's 2009 book, FREE (Hyperion) 
Kevin Watson

A VC: Freemium and Freeconomics - 1 views

  • the Internet allows an entrrepreneur to enter a market with a free offering because the costs of doing so are not astronomical. And most entrpreneurs who take this approach will maintain an attractive free offering of their basic service forever. But that doesn't mean that everything they offer will be free. That's the whole point of freemium. Free gets you to a place where you can ask to get paid. But if you don't start with free on the Internet, most companies will never get paid.
    • Kevin Watson
       
      Not everything in the world will be free in a "free economy". "Free" is just a ploy to get you into a position where you will want to buy better things to work with.
  •  
    Blog Article about Chris Anderson's book "Free" with some great insights on freemiums and what they will do to the economy.
Megan Stern

Free Classical Music For Everyone? Why That's Just Plain Old-Fashioned Communism! - 0 views

  •  
    Do you believe the new digital economy is leading to worldwide Communism?
  •  
    This was probably a rhetorical question, but I don't. I believe that our economy will adjust accordingly. Just because the media industry is changing dramatically, doesn't mean people are giving away free food, free houses, free services. I feel this is just an adaptation, not a complete economical revolution.
Erin Hamson

Consumer How To - Swipe Auctions Saving Consumers Up To 95% Off Retail Prices - 0 views

  • Each bid placed on SwipeAuctions costs users $0.60. By collecting $0.60 for each bid placed, SwipeAuctions is able to afford giving away products on the cheap such as Macbooks for $23.72 or Nikon Digital Cameras for $57.42.
    • Erin Hamson
       
      The "free" business model
  • There is no longer a need to spend several hours online looking to see where the best deal is. The answer is simple. It's on SwipeAuctions! Whereas scouring the internet for to save an extra 5% works for some people, why waste your time when you could save 75%! SwipeAuctions is so much more than economical.
    • Erin Hamson
       
      Time v. price
  •  
    Here is an example of a business model that is giving away the "free" stuff and making profit on other things.
  •  
    Exactly today's topic!
Erin Hamson

The Frontier In American History: Chapter X - 0 views

  • As the American pioneer passed on in advance of this new tide of European immigration, he found lands increasingly limited
    • Erin Hamson
       
      The close of the Frontier
  • . But the captains of industry by applying squatter doctrines to the evolution of American industrial society, have made the process so clear that he who runs may read.
  • it seemed not impossible that the outcome of free competition under individualism was to be monopoly of the most important natural resources and processes by a limited group of men whose vast fortunes were so invested in allied and dependent industries that they constituted the dominating force in the industrial life of the nation
    • Erin Hamson
       
      Unregulated turn of events, the people were turned loose and made the best of it. What is wrong with this? They set the standards, and there is no room for competition.
  • ...15 more annotations...
  • Mr. Harriman
  • mastering the economic forces of the nation
    • Erin Hamson
       
      According to Adam Smith and the free market economy theory, the people are the best regulators. This sounds like socialism...
  • The Granger and the Populist were prophets of this reform movement. Mr. Bryan's Democracy, Mr. Debs' Socialism, and Mr. Roosevelt's Republicanism all had in common the emphasis upon the need of governmental regulation of industrial tendencies in the interest of the common man
  • "the State University and the public school system which it crowns would be the strongest evidence of its fitness which it could offer."
  • "general system of education ascending in regular gradations from township schools to a State University, wherein tuition shall be gratis and equally open to all," expresses the Middle Western conception born in the days of pioneer society and doubtless deeply influenced by Jeffersonian democracy.
    • Erin Hamson
       
      applying pioneer principles of avaliability and indivdualism to education and other opportunities to suceed in life as presently constituted.
  • propaganda to induce students to continue
    • Erin Hamson
       
      Want everyone to go to college to become their best individual self.
  • all under the ideal of service to democracy rather than of individual advancement alone
  • The times call for educated leaders.
    • Erin Hamson
       
      And have yet to cease to call for experienced leaders. Which is why we are all sitting here reading this, to become educated leaders.
  • The test tube and the microscope are needed rather than ax and rifle in this new ideal of conquest
    • Erin Hamson
       
      influence of technology on life
  • It is hardly too much to say that the best hope of intelligent and principled progress in economic and social legislation and administration lies in the increasing influence of American universities.
  • able to think for themselves, governed Dot by ignorance, by prejudice or by impulse, but by knowledge and reason and high-mindedness,
  • The learning of the few is despotism; the learning of the many is liberty.
  • At first pioneer democracy had scant respect for the expert.
    • Erin Hamson
       
      individualism
  • That they may perform their work they must be left free, as the pioneer was free, to explore new regions and to report what they find; for like the pioneers they have the ideal of investigation, they seek new horizons.
    • Erin Hamson
       
      application of pioneer ideals
  • Thus it is the function of the university to reveal to the individual the mystery and the glory of life as a whole
    • Erin Hamson
       
      opening the mind to new ideas and ideals
Erin Hamson

Free Exchange « Krishna's Mercy - 0 views

  •  
    Blog about the benefits of a Free Market system over one that forces benefits to be spread to more people. 
Gideon Burton

Top Internet engineers warn against SOPA - Post Tech - The Washington Post - 0 views

  • When we designed the Internet the first time, our priorities were reliability, robustness and minimizing central points of failure or control. We are alarmed that Congress is so close to mandating censorship-compliance as a design requirement for new Internet innovations. This can only damage the security of the network, and give authoritarian governments more power over what their citizens can read and publish. The US government has regularly claimed that it supports a free and open Internet, both domestically and abroad. We cannot have a free and open Internet unless its naming and routing systems sit above the political concerns and objectives of any one government or industry. To date, the leading role the US has played in this infrastructure has been fairly uncontroversial because America is seen as a trustworthy arbiter and a neutral bastion of free expression. If the US begins to use its central position in the network for censorship that advances its political and economic agenda, the consequences will be far-reaching and destructive.
Gideon Burton

Crowdsourcing Lawrence Lessig's Free Culture in Audio format - 0 views

  •  
    An archive of the crowdsourcing effort to record Lawrence Lessig's book, Free Culture. Nice demonstration of the process and the success of open content. This post was the inspiration for the creation of Librivox.org (see http://librivox.org/about)
Jake Corkin

Economic ideas regarding internet and other "free" things - 4 views

  •  
    Recommended to me by dr. burton. "turns many conventional economic ideas upside down". this should be good.
Andrew DeWitt

Speeches Website - 0 views

  •  
    BYU Forum. Great Talk!  This is a must read/listen about if you give more you will actually make more.  Link that to ideas of a free economy.  
Gideon Burton

The Public Domain | free download - 0 views

  •  
    Free pdf of James Boyle's important book.
  •  
    I can't wait to read this!
Gideon Burton

Free Online Invitations, Announcements, Save-the-Dates and Party Guest List Management ... - 0 views

  •  
    For event planning, here is a service for sending out attractive and free invitations.
Erin Hamson

Modern History Sourcebook: Adam Smith: The Wealth of Nations, 1776 (Epitome) - 0 views

    • Erin Hamson
       
      The process of specialization was later perfected by Henry Ford, in making cheap, durable cars.
  • This great increase of the quantity of work which, in consequence of the division of labor, the same number of people are capable of performing, is owing to three different circumstances; first, to the increase of dexterity in every particular workman; secondly, to the saving of the time which is commonly lost in passing from one species of work to another; and lastly, to the invention of a great number of machines which facilitate and abridge labor, and enable one man to do the work of many....
  • Man has almost constant occasion for the help of his brethren, and it is in vain for him to expect it from their benevolence only. He will be more likely to prevail if he can interest their self-love in his favor, and show them that it is for their own advantage to do for him what he requires of them. Whoever offers to another a bargain of any kind, proposes to do this. Give me that which I want, and you shall have this which you want, is the meaning of every such offer; and it is in this manner that we obtain from one another the far greater art of those good offices which we stand in need of. It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
    • Erin Hamson
       
      This is the basis of the Market Economy or Capitalism, exchange based in self-interest that benefits all.
  • ...38 more annotations...
  • In order to avoid the inconvenience of such situations, every prudent man in every period of society, after the first establishment of the division of labor, must naturally have endeavored to manage his affairs in such a manner as to have at all times by him, besides the peculiar produce of his own industry, a certain quantity of some one commodity or other, such as he imagined few people would be likely to refuse in exchange for their produce....It is in this manner that money has become in all civilized nations the universal instrument of commerce, by the intervention of which goods of all kinds are bought and sold, or exchanged for one another....
    • Erin Hamson
       
      The role/development of money. The problem with money is that it has to be regulated and who regulates it? If we let the governement regulate it, it might become manipulated...
  • The value of any commodity,
  • is equal to the quantity of labor which it enables him to purchase or command
  • Labor, therefore, is the real measure of the exchangeable value of all commodities....
  • The real price of everything
  • is the toil and trouble of acquiring it.
    • Erin Hamson
       
      Note the difference between the value and the price. The price changes most significantly in relation to how much the consumer wants the product, as opposed to how much time it took the maker to make it.
  • which resolves itself into labor
  • resolves itself into rent
  • resolves itself into profit
  • ordinary or average rate both of wages and profit
  • partly by the general circumstances of the society,
    • Erin Hamson
       
      A man cannot charge above that which can be paid him or he will lose business.
  • partly by the particular nature of each employment
    • Erin Hamson
       
      Some labor is simply worth more
  • ordinary or average rate of rent
  • partly by the general circumstances of the society or neighborhood in which the land is situated,
  • partly by the natural or improved fertility of the land
  • When the price of any commodity is neither more nor less than what is sufficient to pay the rent of the land, the wages of the labor, and the profits of the stock employed in raising, preparing, and bringing it to market, according to their natural rates, the commodity is then sold for what may be called its natural price.
  • The actual price at which any commodity is commonly sold is called its market price
  • he market price of every particular commodity is regulated by the proportion between the quantity which is actually brought to market, and the demand of those who are willing to pay the natural price of the commodity, or the whole value of the rent, labor, and profit, which must be paid in order to bring it thither.
  • A competition will immediately begin among them, and the market price will rise more or less above the natural price, according as either the greatness of the deficiency, or the wealth and wanton luxury of the competitors, happen to animate more or less the eagerness of the competition.
    • Erin Hamson
       
      The results of scarcity *footballs*
  • quantity brought to market exceeds the effectual demand
    • Erin Hamson
       
      Surplus
    • Erin Hamson
       
      ,effect of
  • A monopoly granted either to an individual or to a trading company has the same effect as a secret in trade or manufactures.
    • Erin Hamson
       
      See above
  • When by an increase in the effectual demand, the market price of some particular commodity happens to rise a good deal above the natural price, those who employ their stocks in supplying that market are generally careful to conceal this change
    • Erin Hamson
       
      A monopoly
  • The exclusive privileges of corporations, statutes of apprenticeship, and all those laws which restrain, in particular employments, the competition to a smaller number than might otherwise go into them, have the same tendency, though in a less degree. They are a sort of enlarged monopolies,
    • Erin Hamson
       
      See above
  • THE produce of labor constitutes the natural recompense or wages of labor.
    • Erin Hamson
       
      You get what you make
  • Such combinations, however, are frequently resisted by a contrary defensive combination of the workmen; who sometimes too, without any provocation of this kind, combine of their own accord to raise the price of their labor.....
  • Masters, too, sometimes enter into particular combinations to sink the wages of labor even below this rate
    • Erin Hamson
       
      Two combinations to react to one another. Like the checks and balances found in gov.
  • The demand for those who live by wages, therefore, necessarily increases with the increase of the revenue and stock of every country, and cannot possibly increase without it. The increase of revenue and stock is the increase of national wealth....
  • It is but equity, besides, that they who feed, clothe, and lodge the whole body of the people, should have such a share of the produce of their own labor as to be themselves tolerably well fed, clothed, and lodged
    • Erin Hamson
       
      equality in the pursuit of happiness
  • First, by restraining the competition in some employments to a smaller number than would otherwise be disposed to enter into them; Second, by increasing it in others beyond what it naturally would be; and, Third, by obstructing the free circulation of labor and stock, both from employment to employment and from place to place.
    • Erin Hamson
       
      Problems of Mercantilism
  • First,
  • by restraining the competition in some employments to a smaller number than might otherwise be disposed to enter into them
  • and to hinder him from employing this strength and dexterity in what manner he thinks proper without injury to his neighbor is a plain violation of this most sacred property.
  • An exclusive corporation necessarily weakens the force of this discipline.
    • Erin Hamson
       
      the gov is not needed for regulation
  • Second,
  • by increasing the competition in some employments beyond what it naturally would be
    • Erin Hamson
       
      pursuit of happiness
  • by obstructing the free circulation of labor and stock both from employment to employment, and from place to place,
  • Third,
  •  
    Thanks for the annotations and the comments.
Jake Corkin

My digital literacy lab - 0 views

  •  
    Free music sharing website. great digital literacy lab.
Bri Zabriskie

Philadelphia Imposes Crazy $300 Blogging Fee - 0 views

  •  
    An interesting post on a great blog. This post is about trying to charge for free internet space. 
Margaret Weddle

Eliot, Charles W., ed. The Harvard Classics and Harvard Classics Shelf of Fiction. 1909... - 0 views

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    The Harvard Classics as free online open source books. They were advertised that, if read, they would provide an excellent Liberal Arts education. Some are simply selections of the whole books - but it is certainly a good overview! I think that I would prefer to read the whole books, though!
James Wilcox

Philosophical Transactions of the Royal Society B: Biological Sciences - 0 views

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    This is the oldest and longest running scientific Journal in the world.  It has a lot of free open content to keep you busy.
Gideon Burton

History of Copyright - 0 views

  •  
    Free ebook on this important topic
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