The Google business model

The Google business model is very interesting. Here is how it works. You give everything away for free. You pay for it through charging for advertising. It is actually not a new model. Radio and TV stations have been using the same model for decades. What is interesting is that instead of providing content to be viewed or listened to, Google provides Internet based applications and search services. The model seems to be working quite well for Google since they continue to grow and they also continue to acquire new and different companies and new and different applications. I wonder if this model can be applied in other Industries? That might be something to think about.

What do you think?

Location or Quality?

What is more important? Is it location, location, location? Or, is it quality, quality, quality,? I'm starting to believe it is quality that makes the biggest difference of all. We have a sandwich shop that just opened down the street from us which proves that quality is more important than location. It is located on the backside of an office building and you can't see it from anywhere except if you're standing in front of it. In spite of this poor location, the place is always full. Why? Because they make a great sandwich at a good price. They also have a unique system in that you fill out your order on the back of a paper bag, and then they make your sandwich for you. But though the novelty of ordering is interesting, the reason I keep going back is because the sandwiches are great. Quality at a good price will always make you money.

What do you think?