WHAT’S LEFT of traditional business after global Internet competition drives profit margins down to zero and anything that can be copied is spread around the Internet for free? Will you still have a business when the worldwide reach of the Internet lets competitors give away your previously profitable products for low prices or even for free just to gain new customers or market share?
I see two viable categories left as the best foundations on which to build a long-term business system today:
Original, real-time news and entertainment experiences.
Unfortunately in news and entertainment, ...