Online Business Models
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Online Business Models
Web-Based Business Strategies and Monetization Models
Curated by Robin Good
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How To Build a Competitive Business Model on the Footprints of Google, Facebook, Amazon and Apple

How To Build a Competitive Business Model on the Footprints of Google, Facebook, Amazon and Apple | Online Business Models | Scoop.it
Robin Good's insight:

Thanks to Marty Zwilling on StartupProfessionals for distilling some of the key traits that have made Amazon, Apple, Facebook and Google such uniquely successful companies.


From the article intro: "According to many technology pundits, including Phil Simon, in his book “The Age of the Platform,” these four exemplify the rise of platforms with applications as a business model, rather than a single product or service. Whether you believe his conclusion or not, you can learn a lot from the lessons he offers on how to build a competitive business model today."


The article provides ten key principles utilized by this "gang of four" to reach their broad business success.


Here my favorite four:


1) Act small. “Bigness” and all of its attendant problems – bureaucracy, politics, infighting, and the like – put any business model at risk. Bureaucracy and excessive democracy kill speed. Shake organizations up often to avoid stiff and inflexible management structures.

2) Be open and collaborative. Startups as well as large companies must be open to all sorts of new ventures, partnerships, and offerings. Make application programming interfaces (APIs) open and freely available to developers, partners, and consumers.


3) Move quickly and decisively when spotting a niche. Don’t confuse patience with inertia. Waiting too long means that an opportunity may disappear permanently – or someone else may beat you to the punch. Temper expectations, but make the bet.


4) Use existing tools. It’s time consuming, expensive, and simply unnecessary for every company to create its own tools and base functions (planks) from scratch. By using outposts, businesses increase serendipity, exposure, and cross-pollination.



Valuable. To the point. 7/10


Full article: http://blog.startupprofessionals.com/2013/03/10-entrepreneurial-lessons-from-gang-of.html



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Tom Hood's curator insight, February 22, 2014 10:44 AM

is your next business model a platform?


This great blog post captured by curator Robin Good talks about platforms and the gang of four (Amazon, Google, Apple, and Facebook). 

 

"Today’s dizzying pace of change shows no signs of abating. If anything, it is likely to accelerate. So do everything you can to heed these lessons today, to be as prepared as possible for a vastly different tomorrow."


The ten lessons identified remind me also of the work of Rita McGrath (End of Competitive Advantage) who talks about six key areas in what she calls "The New Strategy Playbook":


1. Continuous Reconfiguration
2. Healthy Disengagement
3. Deft Resource Allocation
4. Innovation Proficiency
5. Discovery Driven Mindset
6. Entrepreneurial Career Management


and also the book, The Power of Pull...

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It May Not Be Content To Produce Revenues In The Future But Curated Suggestions and Recommendations

It May Not Be Content To Produce Revenues In The Future But Curated Suggestions and Recommendations | Online Business Models | Scoop.it

Robin Good: Back in March of 2011 Kevin Kelly wrote an interesting article entitled "The Satisfaction Paradox".


Within it, he points clearly at an emerging trend: content price becoming lower and lower, and increased ease-of-access to tons of good content, whether this may be books, music or films. 

In such a new world of abundance, where valuable content is all around me, cheap and easily accessible, what is then the next value-creation frontier, he asks.

And this is the insightful view he offers: "...Netflix has more great movies a click away -- after I filter out the dross -- than I can watch in my lifetime.


What do I watch next?


Spotify and other music streaming services will have more fantastic, I-am-in-heaven music available everywhere all the time than I can ever listen to.


What do I listen to next?


Google will have every book ever published only an eight of a second away, and collaborative filtering, friends recommendations and a better Amazon engine, will narrow down those stacks to the best 10,000 books for me.


So what do I read next?


I believe that answering this question is what outfits like Amazon will be selling in the future.


For the price of a subscription you will subscribe to Amazon and have access to all the books in the world at a set price...(An individual book you want to read will be as if it was free, because it won't cost you extra.) The same will be true of movies (Netflix), or music (iTunes or Spotify or Rhapsody.) You won't be purchasing individual works.


Instead you will pay Amazon, or Netflix, or Spotify, or Google for their suggestions of what you should pay attention to next.

Amazon won't be selling books (which are marginally free); they will be selling their recommendations of what to read.

You'll pay the subscription fee in order to get access to their recommendations to the "free" works, which are also available elsewhere.

Their recommendations (assuming continual improvements by more collaboration and sharing of highlights, etc.) will be worth more than the individual books.

You won't buy movies; you'll buy cheap access and pay for personalized recommendations..."


I ask you: How close are these "recommendations" and "suggestions" to the work that many curators do?


Is curation then in the business of "what to pay attention to next"?


Must-read. 10/10


Full article: http://www.kk.org/thetechnium/archives/2011/03/the_satsisfacti.php 

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Audible Pays Authors To Publish Their Own Audio Books

Audible Pays Authors To Publish Their Own Audio Books | Online Business Models | Scoop.it

From Authorems.com: "Audible hopes to encourage authors to directly market their audio books by offering an honorarium of $1 per audio book sold payable directly to the author.


This is for any of your books in the Audible catalog—self-published or commercially published—and is in addition to your regular royalties.


Obviously, the more audio books you sell, the more money you can earn, so expect to see more audio books mentioned via social media and in blogs.


The program, called Audible Author Services, has set aside $20 million to pay to authors between now and December 31, 2012."


Read the full article: http://www.authorems.com/2012/audible-pays-mrkt-book/ 


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