I admit, it does seem a bit backward, this whole 2.0 thing. Basically, you give away top-notch information, via your content – articles, video, etc. – and then you become a wild success…but the question that comes up over and over again, is ‘HOW?’ How do you make money if you are giving away your expertise for free?
I love what I just found, because it gives such a great example of how 2.0 works and it essentially answers this question. Ron Miller spoke to David Meerman Scott, who is the author of the bestselling book The New Rules of Marketing & PR (and also a fellow Contributing Editor at EContent Magazine)…and David illustrated the point with this:
“This idea is not new. Starting in the 1960s, the Grateful Dead encouraged concertgoers to record their live shows by establishing “taper sections” where fans’ equipment could be set up for the best sound quality. The band encouraged Deadheads to trade tapes and make copies for friends. The cult of a Grateful Dead concert became a pre-Internet World Wide Rave driving millions to the band’s live shows over thirty years of touring and generating hundreds of millions of dollars in revenue. “
Brilliant. That’s exactly it. You give it away for free, so people take it. IF THE CONTENT IS GOOD (mind you this is a rather large necessity for success), THEY GIVE IT TO ALL OF THEIR FRIENDS. All of these friends want more now that they know about you…so they come and they see you for themselves and they tell their friends and they want more…and they ALL buy your goods and services.
If you want to read Ron and David’s entire interview, “The Press Release is Dead: How Web 2.0 Could Save PR and Marketing” click here.