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Tren Griffin @trengriffin
, 3 tweets, 1 min read Read on Twitter
"Wealthy people tend to receive a much more direct and immediate payoff for their time which is why they tend to be better about valuing it." That's a sentence from the invisible asymptote essay by Eugene Wei. Those with $$$ are more willing to subscribe. eugenewei.com/blog/2018/5/21…
"The less cash a consumer has available, the more valuable optionality is to that consumer." This means non wealthy people are less likely to lock themselves into a subscription. The longer term the commitment, the harder it is. 25iq.com/2018/08/11/how…
Unfortunately, this is why subscriptions are unlikely to scale very much beyond affluent consumers for a service like journalism. Don't shoot the messenger on this point. I wish this was not true and I hope I am wrong. Another solution will be required since news = a public good.
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