pat walters

freelance journalist in memphis

micropayments

leave a comment »

Reading this made me feel like a little baby. I’ve been thinking about micropayments a lot, especially after reading Bob Garfield’s perspective-rocking “Chaos 2.0” a few months ago. But I didn’t realize how popular they were in the 90s.

The NYT says:

Amid the disdain, and without many people noticing, micropayments have arrived — just not in the way they were originally envisioned. The 99 cents you pay for a song on iTunes is a micropayment. So are the tiny amounts that some operators of small Web sites earn whenever someone clicks on the ads on their pages. Some stock-photography companies sell pictures for as little as $1 each.

The story goes on to explain that micropayment culture is still in its infancy (its second infancy, perhaps). People will pay for tunes, but not for journalism, which they’ve been served (essentially) free for decades. But what happens when mass advertising goes away?

(Also … first “History of Mass Communication” class this afternoon. Good timing. I’m psyched.)

Advertisements

Written by patwalters

August 27, 2007 at 9:04 am

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: