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just to clarify: the post was trying to highlight both subscriptions AND transactions, not vs. each other... they aren't mutually exclusive. in fact, most like
by davemc500hats 17y ago
just to clarify: the post was trying to highlight both subscriptions AND transactions, not vs. each other... they aren't mutually exclusive.
in fact, most likely a common model would be:
1) free for most users
2) low-cost txn for first paid use
3) convert initial txn users into frequent use / regular subscription later, but continue txnl model as well.
perhaps in mid-rant I failed to explain this clearly; possibly due to lack of sleep, or the cocaine-heroin speedball I shot up before getting on the redeye to NYC.
then again, maybe you guys just need to read that little part where I say "AND" between subscriptions & transactions, not just draw your conclusion from the headline... but I digress.
- jhancock 17y agoIf your point was that businesses need to start charging for their services/content, ok fine, no argument there. But much of your rant is in finding a solution for password friction by pointing out what a major cost it is to PayPal. You make no case as to how google/yahoo/facebook will solve password friction better than PayPal other than to say that users log into these sites more frequently and therefore remember those passwords better than they do a PayPal password. While users "use" these sites more frequently, they do not type their passwords much. This does not solve the password friction problem since transactions (with the exception of some types of micro-transactions) will still need a password at the point of committing to the transaction.
- davemc500hats 17y agoa) people certainly use social networks (Facebook) and email and game / entertainment sites more than they use E-Commerce sites -- one is daily (or hourly!), the other is weekly or monthly b) even if they don't type their passwords in "much", they certainly do so relatively much more frequently. whether or not my post was a rant, this is a fairly simple point based on simple frequency of use.