What Are The Biggest Industry Mistakes ?

[Vick]

the move from per minute phone billing via audio-text

On line porn should have been per minute via phone billing from start for as long as the model would have held up
Then moved to a CC billing system, preferably a token style system
Buy 30 tokens via CC get however many minutes


You know not to get me started on free porn

The barriers to entry were MUCH TOO LOW from the beginning and still are

All the (free) help to newbies in the early going 1996-2000 (I don't need to hear about sheep or penguins)

Allowing those with no business acumen to become part of the business (see above)


Take all the above out and we wouldn't face all the challenges we do today


and I personally am the dumbest person in the business
Had all the same opportunities that everyone else did, many made the $ and got out and here I still am

But to those who blew all their money on dope, big parties and hookers and now boo hoo
At least I blew my money on travel, clothes, cars, a home, my ex-wife, toys, dinners and had a great time - and still have a little to show for it


Edit to add - Processors (3rd party or self) not making long term agreements with Visa