By looking at the eight possible revenue models you can reinvent a business.
There may be an infinite number of variations a company can use to make money, but they really all boil down into eight types:
- Unit sales: Sell a product or service to customers. GE uses this method when they sell microwaves.
- Advertising fees: Sell others the opportunities to distribute their message on your space. Google uses this method with its search product.
- Franchise fees: Sell the right for someone else to invest in, grow, and manage a version of your business. McDonald’s uses this method with its stores that are independently owned and operated as franchises.
- Utility fees: Sell goods and services on a per-use or as-consumed basis. Most electric companies use this model when they charge customers only for the electricity they use.
- Subscription fees: Charge a fixed price for access to services for a set period of time. Gold’s Gym charges a monthly or yearly subscription fee for people to access their gym.
- Transaction fees: Charge a fee for referring, enabling, or executing a transaction between parties. Visa charges a transaction fee to retailers each time a customer purchases a product in their store.
- Professional fees: Provide professional services on a time-and-materials contract. H&R Block makes money by charging customers for the time it takes to prepare their taxes.
- License fees: Sell the rights to use intellectual property. Every time a customer buys a T-shirt or a hat with the logo of their favorite sports team on it, that team makes money from license fees.
Mother’s day quiche
My front door to the world
On the mission of the IndieWeb movement
Social media WYSIWYG platforms like SnapChat, Twitter, Facebook/Instagram, et al. have become a problem as they’re not allowing us the control, flexibility, and privacy we would all like to have while they pursue their own agendas.
In these terms, the general mission of the IndieWeb movement is to be the proverbial simple text editor meant to give everyone increasingly easier, direct control over their own identity and communication on the open internet.
hat tip: Greg McVerry
Teaching ’em early to avoid the Wysiwyg pic.twitter.com/DPY3LNZHPh
— Greg McVerry (@jgmac1106) May 13, 2018
📺 The Bourne Ultimatum (2007) | Universal
Directed by Paul Greengrass. With Matt Damon, Edgar Ramírez, Joan Allen, Julia Stiles. Jason Bourne dodges a ruthless CIA official and his agents from a new assassination program while searching for the origins of his life as a trained killer.
👓 Why it’s as hard to escape an echo chamber as it is to flee a cult | C Thi Nguyen | Aeon Essays
First you don’t hear other views. Then you can’t trust them. Your personal information network entraps you just like a cult
Something has gone wrong with the flow of information. It’s not just that different people are drawing subtly different conclusions from the same evidence. It seems like different intellectual communities no longer share basic foundational beliefs. Maybe nobody cares about the truth anymore, as some have started to worry. Maybe political allegiance has replaced basic reasoning skills. Maybe we’ve all become trapped in echo chambers of our own making – wrapping ourselves in an intellectually impenetrable layer of likeminded friends and web pages and social media feeds.
But there are two very different phenomena at play here, each of which subvert the flow of information in very distinct ways. Let’s call them echo chambers and epistemic bubbles. Both are social structures that systematically exclude sources of information. Both exaggerate their members’ confidence in their beliefs. But they work in entirely different ways, and they require very different modes of intervention. An epistemic bubble is when you don’t hear people from the other side. An echo chamber is what happens when you don’t trust people from the other side.
hat tip: Ian O’Byrne
👓 Everything You Should Know About Karl Marx | Teen Vogue
The anti-capitalist scholar’s ideas are often memed (and probably more prevalent than you think).
👓 A New Facebook Feature Shows Which Pro-Trump Facebook Pages Are Run From Overseas | BuzzFeed
The feature is called "Page History" but now it's gone.
👓 Amanda Rush on Syndication | Amanda Unvarnished
To add to all this, for me, social media, (with the exception of Mastodon and Micro.blog), has, to put it charitably, lost its luster. It’s become a chore, both personally and professionally, and the bad has finally gotten to the point where it outweighs the good for me. On a professional level, publishing criteria are getting so strict that publishing content, (especially when you’re scheduling it so as to not spend all your time staring at a social media client), has become fairly difficult, both because of the publishing rules themselves and because of the inaccessibility of scheduling services and their apps. This is most of the reason why I’m pulling the trigger and going full indieweb later this month. How the closed platforms treat their third-party developers also has some influence on my decision to pull the trigger.
👓 IndieWeb Summit Invite | Manton Reece
I’ll be attending IndieWeb Summit next month. If you’re interested in indie blogging or what we’re doing with Micro.blog, consider joining us for the 2-day conference in Portland. I like how gRegor Morrill highlighted that the group should be more than just programmers:
👓 How to Fix Blank Google Maps In Chrome | How To Geek
Do you ever go to Google Maps on your computer, only to see a blank mother-of-pearl grid? It’s really annoying, and it doesn’t happen for any obvious reason. It’s still possible to use Google Maps when it gets like this—you can use search and find specific addresses—but the core functional...
📺 "The Big Bang Theory" The Bow Tie Asymmetry | CBS
Directed by Mark Cendrowski. With Johnny Galecki, Jim Parsons, Kaley Cuoco, Simon Helberg. When Amy's parents and Sheldon's family arrive, everybody is focused to make sure all wedding arrangements go according to plan - everyone except the bride and groom.
📺 "Blue Bloods" My Aim Is True | CBS
Directed by David Barrett. With Bridget Moynahan, Will Estes, Len Cariou, Sami Gayle. Danny and Baez investigate a series of drive-by shootings they think may be connected to six wrongly convicted men who were just released from prison.
This show seems to be slipping more and more. The A plot was alright, but they sweated out the “solution” for far too long and second guessed themselves beyond what was believable. Then proposal reveal at the end was a bit of a letdown after such a long build up. Why not propose on screen and make it more interesting? The “set another seat at the table piece” and the dry run at the “vows” made up for things a bit better, but I wonder if this couldn’t have been done with even more emotional impact somehow?
Fresh scones, strawberries, and coffee
👓 Trump is no longer the worst person in government | Washington Post
Donald Trump, with his feral cunning, knew. The oleaginous Mike Pence, with his talent for toadyism and appetite for obsequiousness, could, Trump knew, become America’s most repulsive public figure. And Pence, who has reached this pinnacle by dethroning his benefactor, is augmenting the public stock of useful knowledge. Because his is the authentic voice of today’s lickspittle Republican Party, he clarifies this year’s elections: Vote Republican to ratify groveling as governing.