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The Google Graveyard

REWORK

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Ownership and Loyalty in Service Transactions

Customers should feel a sense of ownership and loyalty towards the services or products they purchase. The analogy of a mortgage being bought by different companies reflects the feeling of being sold as a piece to another entity. This experience does not align with the traditional concept of ownership, as exemplified by the analogy of purchasing a watch. The speaker emphasizes the need for seamless transitions and continuity in software and implies that businesses should prioritize customer loyalty and ownership. Additionally, the comparison of email provider to banking or insurance highlights the infrequency of changing email addresses, underlining the importance of establishing lasting relationships with customers.

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