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You would be surprised how much aggregate purchasing power "poor people" have. As someone that lives in a third world country, the biggest companies are those
by marcamillion 14y ago
You would be surprised how much aggregate purchasing power "poor people" have.
As someone that lives in a third world country, the biggest companies are those that sell lots of products to the masses - not the boutique shops that sell to "middle & upper classes". i.e. the "bottom of the pyramid". In fact, Carlos Slim (the richest man in the world) has a ton of companies that sell to the bottom of the pyramid, and he is doing fine ;)
The businesses, here, that target the middle-to-upper classes tend to struggle.
So I am fairly certain there is a way to monetize this.
In fact, some users do want to pay to keep their site alive. So we just need to balance the amount that is paid and make sure resources are effectively allocated.
- newbie12 14y agoCarlos Slim has a govt-enforced monopoly. http://news.cnet.com/8301-1023_3-57369357-93/telecom-monopoly-overcharging-mexicans-billions/ http://news.cnet.com/8301-1023_3-57369357-93/telecom-monopol...
- marcamillion 14y agoSo do many other companies in many other countries - including utilities in the US - but the owners are not the richest people in the world. In fact, they probably don't come in the top 10. I say that to say that having a monopoly is not a guarantee of maximum success.
- jiggy2011 14y agoIn the case of a true monopoly it pretty much is.
- marcamillion 14y agoWell tell that to the local oil monopoly in Venezuela....whose coffers are being raided to feed populist urges.