Leading Profit

4. April 2008 by admin.

It is not products, that make money, it is information of products that make money. Everything in our reality is fundamentally a mental construct. Good information, would lead to profit. Inaccurate information, would lead to loss. Amazing that the top corporations are only vaguely aware of this fundamental law.

Information, channeled through person-person relationships via six degrees of separation (in reality of business, more often two to three degrees) ultimately lead to profit. Communications, relationships to people, are equally important as information in business. Having good friends, and having a widespread reputation, can help critically in business.

Page Listings

A feature that would benefit online catalogs currently would be to allow some kind of deleting of obsolete or more importantly, duplicate listings of same products. Currently, all listings are permanent; there is no way product listings can be deleted, not even the creator of the page (the owner of the product listing, who is a merchant), is able to delete it. Page deletion can only occur through a complicated process of appealing to online catalog’s review board. If current trends continue, in a few decades many top corporations will have a catalog size that is unmanageable, even with a huge editing team and ample resources, top corporations would not be able to clean the mess it brought itself into.

Not even laws are made forever permanent. The effectiveness of a state lies in its ability to respond quickly to situations with new laws, modifying current laws, and scrapping old laws.

What makes online catalogs so successful on the Internet? Convenience. Customers can surf from Levi Jeans to Blu-Ray Players to Basketball Supplies, without leaving the site, buying everything they need in a single shopping basket, and paying only once. This is the power of online catalogs. Power comes at price; there is a hidden commission charged to the sellers, resulting in a higher price than the market. The only way online catalogs can continue profit while charging higher prices is to be better than online stores. The only way to be better than online stores is to have clearer product listings, and higher payment to time-spent ratio. (Customers spend much valuable time searching for the lowest price). Merchant honesty is the only way to generate the maximum profit for online businesses; there is no other more efficient alternative. Only then, will customers continue to use the online catalog.

Taking a Unitary, Federal, and Confederalist government as an example, online catalog corporations would more or less resemble a Federalist system, or a two way power exchange between corporation and customer. A Unitary system would be more of the old railroad corporations of the 1800, as well as large banking institutions. A Confederalist system would resemble Wikipedia, where users have most of the power to write articles. However, I would hold off comment on Wikipedia for the moment. A Federal system seems to be notsomuch ideal, but more desirable. Online catalogs, then, have a special relationship with sellers, and can bypass merchants (or states, in the case of government). Quite a design for checks-and-balances.

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