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> There are marketplaces that operate efficiently on word of mouth alone. Which ones? Please enlighten me.
by mbesto 5y ago
> There are marketplaces that operate efficiently on word of mouth alone.
Which ones? Please enlighten me.
- carapace 5y agoFirst, there are the various "black" markets. There was no appreciable change in availability, quality, or price before and after pot legalization, for example. The high end of most services and products doesn't need to market, they're "saturated" by word-of-mouth alone. For example, I met a guy once who was part of a very high-end IT consultancy. They had A-list customers, all the work they could handle, and their website was a single line of text that basically said, "You have a problem? Email us". In other words, most markets have a subset of "quiet" companies that thrive on word-of-mouth alone.