Type: Nonfiction, Business, Economics
My rating: 3 stars (out of 5)
Why I chose it: Although the Amazon price for the hardcover is currently $21.59 and the Kindle version is currently $9.99, I received this version "free" during an introductory period around the time of the book's release. Very appropriate given the title, and premise, of the book.
What I liked about it: This book goes through all the different types of "free" models that businesses use and compares and contrasts the "old" free as in "buy one, get one free," which is nothing more than 50% off the price of the item, to the "new" free in which most digital and internet content is free.
The main theme throughout is that the price of technology drops so fast that the marginal cost of digital content is pretty close to zero and businesses need to think about how to convert that "free" stuff into revenue.
The author spends time illustrating how "free" can be turned into revenue. Some web content is given out free in hopes that you will upgrade to a more robust version. Club Penquin, which is an online site for kids to play games, is used as an example. The site is free unless you want to "upgrade your igloo" with furniture or buy a pet for your penguin and then you pay $6 a month. This has apparently been a successful model for Disney, who now owns Club Penguin. In the case of the Webkinz phenomenon, you first need to purchase a stuffed animal and then you receive the "free" web content.
I get the question every now and then as to where I find the time to read so much. In the book, the author talks in general terms as to how people prioritize their time. He writes:
"And where do people find the time? By not doing something else--abandoning things that don't return the same social and emotional reward."
Well said.
Finally, I could not end this review without pointing out that one of my favorite science fiction and horror authors, Scott Sigler, gives out his books for free, first in podcast-form and then, in many cases, in pdf-form. And I have bought every one of his books in paper-form. Why? Because the content is so great that I want to support him (so he keeps writing more good stuff and giving it away free) as well as have a great book in my library for years to come.