The market is unsympathetic to your passion. You can build whatever you want, but ultimately you're beholden to the market and what it wants. Without customer demand, you don't have a business.
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W odpowiedzi do @mijustin
Somewhat agree that the market doesn’t care about passion. Yet - individuals care about the passion of makers who create the things they buy. (You are an example.) And demand can be created from scratch. (Hard, but possible.)
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W odpowiedzi do @adii
Justin Jackson podał/a dalej Justin Jackson
Can you think of examples where demand was created from scratch?https://twitter.com/mijustin/status/1301635681572196352 …
Justin Jackson dodał/a,
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W odpowiedzi do @mijustin
Low-alcohol beverages / brands. Or even zero alcohol replacements. Demand didn’t exist in the mainstream for either 5 years ago. (Could argue that the need was always there, but mainstream & status quo just dominated the airwaves.)
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W odpowiedzi do @adii
But who *created* that demand? Was it a single company? Or... was it a variety of societal factors (demographics, culture, etc) coming together to form the wave of demand?
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W odpowiedzi do @mijustin
My gut feel is that it is the latter. So the better question is possibly: Who raised awareness about a demand / need that has always existed?
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W odpowiedzi do @adii
Factors that influence demand: - Changes in price or supply for related goods - Government policy, investment, R&D - The ubiquity of related technologies - Evolving societal trends and tastes - Rising (or falling) incomes - Evolution in a category - Economic cycles
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Those are all slow crescendos. There is also the rapid rise effect that happens when someone says "No, it doesn't have to be this way" and does what Jobs, Hastings, or Musk has done. Blockbuster had data on all of those slow builds but still missed streaming.
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W odpowiedzi do @mattwensing @adii
Netflix rode a wave that had been building for years: video on demand, HBO, YouTube. There's been a demand for streaming video since the advent of the internet. The same is true for Jobs (smartphone, portable audio). He didn't even create the categories!
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I don’t remember ever thinking wow I wish I could watch a movie like this when I was downloading 1mb AVI’s at 28.8.
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Again, market demand gets shaped over time and is influenced by innovation, government policy, investment, R&D, the ubiquity of related technologies (VOD, cable), evolution in the category... Demand grows "gradually and then suddenly."
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I think I agree with you!
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W odpowiedzi do @mattwensing @adii
Hurray!
Hahaha. Glad to have folks pushback though.
I'm just a jackass trying to explore ideas.1 odpowiedź 0 podanych dalej 1 polubiony - Pokaż odpowiedzi
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