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Transcript for Digital Revenue Models explained

Time Content
00:04 → 00:06

Huh?

00:09 → 00:12

Translation: Who pays for your product?

00:16 → 00:19

Consumers either pay for your product

00:19 → 00:22

or they get it for free

00:30 → 00:32

If it's worth something to the consumer

00:32 → 00:34

it gets paid for

00:34 → 00:36

if it's not

00:36 → 00:39

it has to be given away free.

00:41 → 00:45

We experts call this phenomenon: "supply and demand"

00:49 → 00:51

Let me use a phrase you don't understand

00:51 → 00:53

like "digital value proposition"

00:53 → 00:56

together with meaningless words like "equaliser"

00:56 → 00:59

and mix it with a word like "tribe"

00:59 → 01:02

which sounds cool to me.

01:02 → 01:05

It will mask the fact that

01:05 → 01:08

all I'm really saying is that

01:08 → 01:12

the product will either be free or paid for.

01:12 → 01:15

Our advice is for you to

01:15 → 01:23

listen to us concatenate some impressive sounding phrases we've just made up

01:23 → 01:28

and then...

01:28 → 01:35

er...

01:35 → 01:38

...trust us!

01:38 → 01:46

Really. You can trust us.

01:46 → 01:50

Now let's pretend we've reduced the complexity of multi-sided markets

01:50 → 01:56

to a list of twenty nouns that begin with 'C'.

01:56 → 01:57

Better.

01:57 → 01:58

Better. Informed.

01:58 → 02:00

Better. Informed. Decision.

02:00 → 02:02

Remember that.

02:02 → 02:08

Of course, we're not actually claiming to know what we're talking about,

02:08 → 02:11

if you want to get all legal about it.

02:11 → 02:15

If we told you to charge, it might be right to go free.

02:15 → 02:17

Or some mixture.

02:17 → 02:20

Or vice versa.

02:20 → 02:26

Hey, s*** happens

02:26 → 02:32

so don't sue us if it turns out we were completely wrong.

02:32 → 02:35

After all, we're consultants

02:35 → 02:38

so we believe in selling you

02:38 → 02:45

a story you can believe in, since you're too lazy to think for yourselves.