Freeconomics Chinwag talk: via Twitter

- Money is being paid just have to find our who / where/how
- Panel's fav free sites: Google, YouTube, Spotify, YouTube, Twitter
- Democratisation of content is what Google wants to persist When free goes wrong there's no throat to choke
- Questions for monetizing YouTube: 10% of broadband's bandwidth. User experience most imp thing therefore respectful ad balance
- Free takes away the value. V imp to understand what the free part fits in and where people would want to start paying. Right ads to the right people is so imp - YouTube
- Web was born without a micropayment system
- Got to understand where free fits into your online business
- Free has allowed innovation - opensource is perhaps the most powerful example of this. Huge benefits.
- Act of contribution is an increase in their utility curve
- Flickr works better because more and more people use it. Twitter being monetized would automatically loose its value
- Could the newspaper providers manufacture the hardware? Business models need completely reconsidering
- Aggregators of users will make the money
- Quality/security/no other choice then people would pay
- Value for content is in sharing
- 'Any new innovation is a good thing' - really?
- BH - the connection here is awful grrrr
- Ad will go after the most attractive eyeballs
- Creative industries will have to do more differential models - offsets - and work harder at it.
- People don't trust advertising anymore - 'grownup digital'. How do u make use of trusting friends opinions not ads Reinvention needed
- Free can't get any cheaper. The ultimate biz model. Does it carry its own destruction? (What a fab question Mr Ellis!)
- Wired launch mentioned - amusing/ironic that a magazine all about online. *check out Tottenham Court Rd tube station for the ad spend* Companies must find innovative ways for people to pay + consume
PS: at the end I met an extremely bright chap - Nick Garner - from Betfair however his top tip of the evening was for us all was to read ‘Scientific Advertising’ – perfect fodder for those wanting to develop the future of ‘influence’.