Monday, November 12, 2007

Pushing the Business Model

The Internet has obviously affected the way in which we interact with each other, conduct or daily lives and consume products. We have lived through the .com boom and the controversy that the users of the Internet continuously seem to find. From the introduction of Napster in the late 90’s which allowed countless users to download music files for free (via file-sharing models) to the bands themselves offering their albums at the consumers’ specified value. Radiohead recently caught the attention of not only their fans but others who posted countless comments, blogs, and even wrote articles in several publications. The hype generated by the band offering their newest album at a price determined by the fan, is perhaps offsetting the majority of free downloads of the album.
Bands are not the only ones allowing consumers to set prices as Paste magazine is allowing the subscriber to set their price beginning at a dollar for a year’s subscription.