Re: [Asrg] Re: Pay-for-attention (Was Re: article on spam)

Mitch Wagner <mitch@mitchwagner.com> Mon, 26 May 2003 19:29 UTC

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From: Mitch Wagner <mitch@mitchwagner.com>
Subject: Re: [Asrg] Re: Pay-for-attention (Was Re: article on spam)
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Date: Mon, 26 May 2003 12:26:14 -0700

Paying people to read advertisements was tried a few times during the 
dotcom boom, and the business model failed every time.

The reason is that there's two kinds of people on the Internet: the ones 
with too much time and not enough money, and the ones with enough money but 
not enough time.

The second group, the ones with enough money, are the ones that advertisers 
want to reach -- they're the ones with money to spend on luxuries and 
things, right? But, unfortunately, just about everybody with enough money 
doesn't have enough time to do everything they want to do. They certainly 
don't have enough time to sit through advertisements, not for the 
pennies-per-ad that an advertiser can afford to pay.

The group with enough time to sit through ads are people who don't have any 
money to spend on stuff. They're unemployed, and students, and other people 
who access the Internet from third-hand Pentium MMX machines at home or 
from PCs at the public library. They'll sit through as many advertisements 
as people will throw at them, so long as they get paid to do it -- but 
advertisers aren't interested in reaching THEM.

(There's a third group, people who don't have enough time OR enough money. 
They're working two or three jobs just to get by. But they don't figure 
into this discussion -- they've heard of this "Internet" thing and keep 
thinking they should give it a try.)

Mitch Wagner


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