We’ve got a special update for you as a part of our show notes for episode 358 on the subscription economy. For our Patreon members, we always provide a short list of notes that follow along with the episode. We call these “Greg’s notes” — sort of like CliffsNotes but specifically for The Soul of Enterprise. For all readers this week, we are presenting these notes below. They follow the structure and timing of the show so they are great to have at your side while listening.
Here are our CliffsNotes (aka Greg’s notes) for the week on the subscription economy:
Here's a subscription update for you: Taco Bell. I agree with the title to this article. We may have gone too far 🌮 🌮 🌮 https://www.theatlantic.com/technology/archive/2021/09/taco-bell-subscription-netflix-for-tacos/620109/
On the other hand, Panera Bread seems to be on to something with their coffee subscription: https://www.panerabread.com/en-us/mypanera/mypanera-coffee-subscription.html
One of the things you need to do with subscription? Your offering needs to be BETTER. You need to up your game. That’s why Ron likes Porsche. It’s not just one car. It’s 6 or 7.
With subscriptions, “You’ve got to plus your offering”. Where have we seen that before?
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Ron and Ed discussed the Apple v Epic ruling earlier today on the show. Here’s the background https://www.cnbc.com/2021/09/10/epic-games-v-apple-judge-reaches-decision-.html
We are mucking around with the price system again. This drives Ed crazy. In this case it is the new law that targets DoorDash in Manhattan https://www.theverge.com/2021/9/15/22675517/doordash-sues-new-york-city-law-delivery-share-customer-data-restaurants
SaaS - Sleep as a Service - courtesy of Better Bed Holdings https://www.globenewswire.com/en/news-release/2021/09/02/2290522/0/en/Beter-Bed-Holding-introduces-Leazzzy-the-sleep-subscription-powered-by-Beter-Bed.html
Disney is constantly experimenting with new subscription models. Magic Key holders get pass and exclusive access + discounts that make a season pass holder look like a pauper. https://disneyland.disney.go.com/magic-key/
Access to consumer electronics on a subscription basis? Enter Grover (but don’t get Ron started on the phrase “circular economy”) https://techcrunch.com/2021/04/12/grover-raises-71m-to-grow-its-consumer-electronics-subscription-business/
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CATO Daily Podcast: Onerous regulations will stick around after COVID (listen to the end when they talk about Direct Primary Care and Yoga all in one) https://www.cato.org/multimedia/cato-daily-podcast/will-onerous-regulations-stay-gone-after-covid
Tesla cancelled their solar subscription offering. Was it just another financing option and didn’t “plus” the relationship at all? https://www.teslarati.com/tesla-solar-subscription-service-canceled/
THIS, this, this is the “three subscription strategies” article referenced on the show today. It’s fantastic. Please read it. https://www.linkedin.com/pulse/building-future-past-talking-enterprise-architecture-robert-tien-tzuo/
Why is profit a bad word? The chef of a pub in Marlow, UK has something to say about that https://www.marketingweek.com/tom-kerridge-price-premium/
Experiential destinations with a purpose beyond shopping: “Retail Reinvents in the Subscription Economy” https://www.subscribed.com/read/news-and-editorial/retail-reinvents-in-the-subscription-economy
Next week? Special guest Joe Woodard! See you in 167 hours!
Bonus Content is Available As Well
Did you know that each week after our live show, Ron and Ed take to the microphone for a bonus show? Typically, this bonus show is an extension of the live show topic (sometimes even with the same guest) and a few other pieces of news, current events, or things that have caught our attention.
This pas week was bonus episode 358 - Trillions and taxes. Here are a few links discussed:
Microsoft will now let its users log in without passwords - CNN
Media Attempt to Downplay Alarming August CPI Inflation Report - Foundation for Economic Education
Top earning New Yorkers could face 61.2% combined tax rate under House plan
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