Economics at the gas pump
via Cameron’s Effective Wage for Gas at Costco
I studied economics in college and am constantly suprised at how irrationally people value their time - people, for instance, making $50 an hour and willing to spend 15 minutes to save a buck. For an interesting perspective check out Cameron’s post.
The Internet, in my opinion, is a different animal. Some people spend hours and hours to generate an additional $1/day in ad revenue. This ad revenue, however, is usually residual and smart people build up media networks in their spare time that can generate serious income.
I have met numerous people at conferences who started websites for fun on the side while working a real job and ended up making much more online than from their employer within a couple years.
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I am one of those individuals that have generated more income from my web based business than from my full time gig. The industry is streaming media and we are revolutionizing the way people communicate (including blogging) We have Video Blogging….1st to market with this product…check it out. Let me know what you think. bnewsome@vmdirect.com or www.vmdirect.com/bnewsome
Comment by billy newsome — May 17, 2007 @ 2:42 pm