Lightweight models and cost effective scalability is talking about doing more with less in web 2.0. The changes in cost, reusability, process and strategy have made it possible to have a cost effective solution in adopting business models, development models and technology to market cheaper and faster without sacrificing potential growth.
This week’s application that follows some of this pattern is Evernote. Evernote is a note taking application where you can type a text note, clip a web page, snap a photo or grab a screenshot and present it as a note where it is easily cataloged and searchable. What’s more is that it is available on all desktop platforms as well as smartphones. Your notes can be synced online so that your notes are accessible anywhere with an internet connection.
And how does Evernote fit this week’s pattern? Evernote scales with demand as you would expect with them increasing exponentially (see reference) up to the 3 million users since Evernote first opened in 2008 with a small staff of 30. Evernote has also syndicated their business models by integrating with other web services, hardware, mobile and desktop software. An example is a web service called Cliqset where it keeps together your social streams like updates on facebook, twitter and youtube, that you can send to Evernote for safekeeping. There wasn’t really any evidence of outsourcing by Evernote but they did integrate with ABBYY to quickly expanded into foreign language markets. The Evernote revenue model is based on a mix of Premium Services and Subscription Services where users use Evernote for free but have a few ads and a monthly quota of storage which you can pay to upgrade to premium where there is no ads and storage quota increased as well as other neat features like accessing note history. They called it freemium (see reference) and Evernote sustains this because they have great long-term retention rate, a product that increases in value over time and variable costs.
The real issue for Evernote is competition, it does what it does well with recording notes from different media and even interpreting text from pictures and photos. However Springpad has recently become competitive with semantic technology (see reference).
In the future Evernote might even eliminate the need for pen and paper notepads as its such a neat tool for note keeping as well as being easily accessible anywhere with an internet connection that most will use it for the convenience it brings.
Reference:
Evernote Company on CrunchBase
Case Studies in Freemium: Pandora, Dropbox, Evernote, Automattic and Mail Chimp
Evernote accelerates company growth by enlisting ABBYY
Springpad takes on Evernote with Semantic Technology, Barcode Scanner







