Wednesday, September 21, 2011

Can you see what I saw about netflix?

Well, once again..I was right.

Yesterday I was having a discussion about netflix.

I was asked my opinion of their new name and about splitting up the company into two sections.

My response was, "it's a great idea, dvd rentals will be going out of style and streaming is what's lined up next to replace it.

Holding on to a business model when you can see it's decline coming is just foolish. And if you don't think so just ask AOL. Right now they are a non-factor in everything, when at one time they were the king of the hill. They held on to an outdated business model and now are lost.

With netflix, moving to streaming being their core it's setting them up to ride a new wave of profits. Customers can't see that because they aren't data crunchers. They aren't trying to maintain a multimillion dollar company so they don't have to keep their eyes open for the future. But as corporate profits go...they don't have their eyes on that, but netflix does and they have saw what so many other companies are seeing.

My only issue is the name of the second company.

I mean c'mon. Qwickster. I would have went with something like Qwickflix. Their new name doesn't communicate to me in an instant what they are."

And that's pretty much how the conversation went.

Now fast forward to this morning.

While I'm reading online, I come across a story about how netflix may be smarter than you think.

And you know what?

They are.

Their subscribers can't see it now, but in the long run, netflix will still be around because of their decision about streaming..

The point here is that in order for you to be a visionary you'll have to stick to your guns. you'll get egg thrown on you sometimes for doing so, but in the end...you'll come out on top.

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