Tuesday, October 10, 2006

Profiting on the web

Want to know the best way to profit on the internet? I'll tell you. The current internet model is set up so one or a small group of people create sites that have entertaining or interesting content. They then, through self promotion and word of mouth, create an electronic fad. At the height of said fad, they sell the entity for hundreds of millions or even billions, at which point someone else actually has to figure out how to make a profit on the billion dollar fad before it wanes. See Google buys YouTube and NewsCorp buys MySpace.

No comments: