Toward a better subscription-based business model

One of the most significant privileges of modern life is our freedom of choice. And although this freedom is, in most cases, limited by the norms and rules of our society, which is quite natural, thanks to this opportunity people are making discoveries, creating inventions and achieving goals.

If the thesis of freedom or the right of choice is applied to the topic of this article, it can be noted that in modern markets there are two sides with different goals: sellers and buyers. The goal of the one side is to limit “freedoms” for buyers, and the other side is interested in complete freedom, close to anarchy.

This is especially noticeable in the market for services and sales of goods by subscription. Perhaps this caught my attention because my company provides services for monitoring and managing monthly expenses, and I can argue that the business subscription model is becoming the primary business model for sales and consumption. Continue reading “Toward a better subscription-based business model”

Copyright and IP

Today, there is almost no anonymity online. Many people strive for the opposite, in fact — total publicity as it concerns their professional goals, copyrighted materials, and intellectual property. In our contemporary world with new value systems, it just doesn’t make sense to hide your intellectual property. The very fact of stopping a new idea from implementation doesn’t make sense. Perhaps, it could even be considered a crime in the future. However, we aren’t speaking to the abolition of the copyright or its infringement.

Against the backdrop of the new developments and opportunities in today’s information-centric culture, copyright registration can be an obsolete mean to an ineffective end. In many cases, it’s even a limiting factor for industry development, and oddly enough, infringes on the rights of authors. Our current intellectual property system benefits corporations by complicating the process of protecting the rights of content creators. In an era where opportunities and innovations abound our system is almost a tragic comedy.

In most cases, intellectual property is more like a competition of strength and has nothing to do with people’s actual needs. On one hand, every person has an inherent right to the optimal distribution of their intellectual activities. On the other hand, society has constructed a powerful system of checks and balances, and power lies in the hands of an elite few. It’s no secret that information technology has changed concepts of relationships in all spheres of human activity — including between content creators and their buyers. Continue reading “Copyright and IP”

14 Surprising Services Offered at Banks in Europe

We will not argue about whose banking system is the best in the world. There are different factors to consider for each market so that it is difficult to establish a ranking. (In addition, it would be a boring task.)

But consider the following question. Given the present rate of emergence of new technology and changing models of interaction, how do you think banking will be affected in the years to come?

If you look at banks and financial services in emerging markets, you cannot help but notice the vast number of services provided by banks to their clients that U.S. banks fail to provide. As a customer of several banks in Eastern Europe and an active participant in the fintech community, I can say that many banks in these countries are using technology in order to provide innovative services to their customers.

While this may not be news to those in the banking world in the U.S., I believe it would surprise many bank customers. But consider the difficulties of interacting with the bank beyond straightforward transactions. Continue reading “14 Surprising Services Offered at Banks in Europe”

The Future of a Digital Goods Distribution

How will buyer-seller relationships unfold in the future? New digital distribution channels are needed in today’s world, where creating and publishing content is an option for everyone, but selling digital downloads remains a challenge. As more up-and-coming content creators appear, the problem becomes more serious.

Simply put, if I like Dave Brubeck, I’ll exclusively search for his music. However, if you are not Brubeck or Rihanna, you’ll struggle to be noticed because nobody’s heard of you, no matter how brilliant your music maybe. A presence on Amazon or iTunes isn’t always enough if your buyer doesn’t know you exist.

You can certainly publish digital downloads on your blog, but who’s going to buy your book or music there? Your friends and family might, just to cheer you up. If your blog receives tens of thousands of unique visitors a day, that’s another story entirely. But in most cases, it’s just not that simple. Continue reading “The Future of a Digital Goods Distribution”