The patent for the fax machine was around in 1843.

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It takes a lot longer for technology to propagate than most people can imagine. The fax machine was a huge success, and it had one of the strongest network effects ever. Have you ever tried to send a fax to someone who didn’t have a fax machine?

It doesn’t work well. Better make them buy one.

Today, technology is evolving at a rapid pace, but the bottleneck isn’t the development, it’s adoption.

Having a good strategy on how to make your product catch on is the most critical part of your plan, baking that into the product works wonders.

Published by Brandon Donnelly

I believe in helping people in whatever way you can. In the power of creativity to transform a life, a business and the world. That if everyone was more generous the world would thrive. I've been an engineer. A consultant. An entrepreneur. And a salesperson. I also enjoy art. Today, I write. Stemming from my diverse experiences, I have a broad perspective and share it with others on topics from doing work you love to running a small business.

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One thought on “The patent for the fax machine was around in 1843.”

  1. Pingback: Cryptocurrency and network effects – none of this is Right

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