CastletonSnob
Member
What are the worst business decisions you've ever seen?
Blockbuster passing on Netflix has to be up there.
Blockbuster passing on Netflix has to be up there.
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Worst business decisions ever.
- Thread starter CastletonSnob
- Start date
Sanron228
Active Member
I'm thinking about investing in real estate. Because investing one's own money is very important. So that you feel that you can benefit from it. I found a realtor in Charlottesville VA that I've been working with for a long time. The guys on this site are helping me buy homes with the best terms. I think the worst business decision is the one that doesn't bring you income. So you better think 10 times before you invest in something.
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Pokefan_1987
Avid Pokemon TCG Card collector.
True and dvd's and vhs were getting less and less popular at that time.
In my book Coca Cola trying to rewrite the recipe with "New Coke" only to end up going back the the original recipe now called "Coca Cola Classic"
SunGodNika1997
Four Sheets to the Wind in Copenhagen
MoviePass, just MoviePass.
$10 a month to see as many movies as you wanted (with a one movie per day rule). Seems like a deal almost too good to be true right? Well, while this is a great deal for the consumer, it baffles me that nobody in the company saw the issue with this. If you even saw 2 movies in a given month with the subscription, they had an already lost money. They put more limitations on the subscription over time, but it was just doomed to fail, and they went bankrupt in 2020. They are in the midst of a relaunch with more of a tiered subscription system, but time will tell if that’s any more successful.
I think any movie subscription like that would only really work if it’s done by the theater chain itself. Theaters make most of their money on concessions anyways, so the more butts they can get in seats, the more profit they can make on that front.
$10 a month to see as many movies as you wanted (with a one movie per day rule). Seems like a deal almost too good to be true right? Well, while this is a great deal for the consumer, it baffles me that nobody in the company saw the issue with this. If you even saw 2 movies in a given month with the subscription, they had an already lost money. They put more limitations on the subscription over time, but it was just doomed to fail, and they went bankrupt in 2020. They are in the midst of a relaunch with more of a tiered subscription system, but time will tell if that’s any more successful.
I think any movie subscription like that would only really work if it’s done by the theater chain itself. Theaters make most of their money on concessions anyways, so the more butts they can get in seats, the more profit they can make on that front.
TwilightBlade
Well-Known Member
I remember reading something about Myspace during its peak passing on purchasing Facebook. In hindsight they really messed up since Facebook eventually rendered Myspace totally irrelevant lol although I preferred Myspace over Facebook so I'm sad that Myspace is dead. :[
I also like Myspace but at some point. when people change their mind, and have to change to look for offers that are more suitable for themselves.
1rkhachatryan
Call me Robert guys
Elon Musk, just in general lol but definitely with twitter.
florindooff
Member
The worst business decision I have ever seen was my participation in the circular giveaway before launching an advertising campaign on an Instagram blog. While this strategy did attract a lot of new followers, it backfired when many of them quickly unsubscribed after the giveaway ended. This caused the blog's stats to drop and I had to resort to desperate measures to revive it, including buying active followers from websites like https://1000seguidores.net/comprar-curtidas-instagram. It turned out to be a positive move, as the boost in engagement helped me regain some of my lost momentum. However, it was a tough lesson to learn, and I now realize the importance of being more thoughtful and strategic when it comes to promoting my business on social media.
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jame51
Member
Yo bro, let me tell you, Instagram Reels are the new hotness when it comes to social media marketing. And using customizable templates can be a game-changer for businesses looking to up their Instagram game. Reel templates can help you create eye-catching and engaging content quickly and easily, without the need for expensive software or design skills. Plus, they can save you time and effort by providing a starting point for your content creation. With pre-designed templates, you can also ensure a consistent look and feel across all of your Reels, helping to build your brand and increase recognition among your followers. So if you're looking for a good business solution for your Instagram marketing, give Reel templates a try, bro.
Captain Jigglypuff
Leader of Jigglypuff Army
Actually “New” Coke wasn’t as disastrous as people like to claim it was. It was selling real well and there was a huge amount of people that liked the taste. It’s how New Coke was packaged and advertised that messed things up. In fact New Coke was still being sold on shelves until 2002. It was being sold for 12 years which is rather remarkable for a “failure.”