Xmarks May Not Be Dead After All
gatorfan sends word that Xmarks, which announced its upcoming closure a few days back, may not be so dead after all. The outcry from people willing to pay for the service was so loud that the company has now posted a pledge that users can sign if they are willing to pay for the service, and they say that they have fielded inquiries from several organizations who might be willing to buy the company's assets and keep the service going.
This is probably what they planned all along. I mean really... If they were in such trouble and couldn't afford to keep running they would have just started charging. At least this way by saying "we're closing down because we can't afford to run" they got people to offer to pay without pissing too many people off by suddenly becoming a paid service.
But not a bad one at that... Why simply implement a premium pricing plan when you can get a bunch of free press and encourage a public outpouring their love for your product.
I signed the pledge.
To blog is sublime
These "We're shutting down... oh no we're not!" stories remind me of a electronics/appliances store around here called Bernie's. See, they were losing money and decided to go out of business. They started a Going Out of Business sale and under state law, you can't advertise a Going Out of Business sale without going out of business immediately afterwards. But, a funny thing happens when you start discounting things like TVs and Monster Cables below their minimum advertised price and offering your customers good value for what they pay and cutting down on returns with an All Sales Final policy. You become... gasp... PROFITABLE!
It's legal to bring in new inventory even during a Going Out of Business sale, so they're restocking with versions of products that didn't exist when the "Going Out of Business Sale" and they've been stuck going out of business for years. It's a business model that works for them.