Field of Dreams PART II
Posted by admin - 03/02/09 at 12:02:05 pmThere was a great article in yesterday’s Wall Street Journal, “The Economics of Giving it Away” It really got me thinking… why didn’t they make a Field of Dreams PART 2?
Surely in the plot for Field of Dreams PART II Kevin Costner sells advertising on his cornfield homerun wall to start making some good money and then in the end his stadium cornfield is bought out by American Airlines. It’s the American dream, just like baseball!
Our new media world is not too different from that… and is just what that WSJ article examines. It’s not surprising that developing a great product and giving it away for free is a great way to build a new media empire. Just take a look around: Google, Twitter, WordPress, Facebook, etc. It was pretty safe to say that as long as you built a rabid following with thousands of users, you know.. If you build it, they would come.
However, from what the WSJ article suggests the well is perhaps drying. Maybe that is just more “bad economy talk” (zzzZZZZ) but everything does change, especially in this industry. It’s true that Google is killing more companies that it’s buying or creating. And what has worked in the past won’t always work in the future and in this industry the future is next quarter.
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That is a great idea. I will call my agent and James Earl Jones!
Comment by kevin costner — February 3, 2009 #
We’re definitely spoiled beyond the point of no return when it comes to free stuff on the web. From open source everything to google maps.
People aren’t going to start paying for this stuff companies are just going to have to figure out a way to make money on it. It’s hilarious to me that Twitter is as big as they are they just hired someone whose job is basically to find out how they can actually make money.
Comment by todd — February 3, 2009 #
Interesting article i totally agree with the comments above. Keep writing
Comment by Free tattoo designs — May 11, 2010 #
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Comment by sts — May 29, 2010 #