
“Show me the incentive, and I will show you the outcome.”
Charlie Munger
| Business Model | Incentive | Outcome |
|---|---|---|
Pay Per Click (CPC)
| Optimize for clicks | Clickbait headlines |
Pay Per Impression (CPM)
| Optimize for views | Repetitive or verbose content |
Marketplace
| Elevate partners | Won't always get the best option |
Native Ads
| Lack of transparency | Don't know when you're being sold |
Influencer
| Promote advertisers | Likely to be biased |
Subscription
| Keep you as a customer | May make it hard to cancel |

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