4 ms·
> Back in the day, Ross would offer the same deal with crack cocaine — to start you out, he'd give you $100 worth for free and you could sell it for $300. So -
by nikatwork 13y ago
> Back in the day, Ross would offer the same deal with crack cocaine — to start you out, he'd give you $100 worth for free and you could sell it for $300.
So - he was a pioneer of the freemium model then.
- nrser 13y agono, he's actually extending credit - 'fronting' the product. he would loan someone an amount worth $300 in small end-user sales, for which the person would owe him $100 that they could pay back after selling it. freemium would be letting people sample small amounts of the stuff and/or for a limited time, then making them pay when they want a larger amount or to keep doing it. my DARE class in elementary school told us that drug dealers would try and hook us like this, but i'm 29 and i'm still waiting for my free samples.
- roel_v 13y agoNo, what he did would today be called 'microfinance', the organizing of which is a favorite pastime of today's royals and philanthropists.