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The really big dogs always work with long term, strategic plans. When something looks too generous, it most likely is just that. Is it profitable? Probably not.
by Culonavirus 3y ago
The really big dogs always work with long term, strategic plans. When something looks too generous, it most likely is just that. Is it profitable? Probably not. But that is the point. Offer a service under market value, wait until the competition goes away, then make bank. There are many, many examples, but something like Google Workspace comes to mind. Make it easy and cheap to get on board, get people and businesses used to your product, then slowly boil the frog alive.
- brookst 3y agoThe more charitable interpretation is that companies sometimes explore new markets with a “see where people find value, figure out how to monetize later” philosophy.
- l33t7332273 3y ago> Offer a service under market value, wait until the competition goes away It feels like this doesn’t work as well with a lot of software services as it does with physical brick and mortar businesses.