Friday, July 29, 2011

Are Voluntary Micropayments a Solution for Digital Content?

Publishing Perspectives
Will readers voluntary pay arbitrary amounts of money for digital content? Writer Amanda DeMarco believes they will, and that this could be the beginning of a new business model for publishing.
With a micropayment system, you can to put a certain amount of money into an account each month. Then you distribute it among the websites you want to support by clicking a button on individual sites or via the main micropayment website.
Publishing communities have lots of reasons to be interested in voluntary micropayments. Take, for example, the growing pressure on authors to have a webpage and regularly updated blog, uncompensated work that takes time away from that next book -— let’s call it page slavery. A micropayment button would let readers express appreciation/pity. Self-publishers who depend on a more direct financial relationship with readers, publishers who offer additional high-value content on blogs, reviews, lit bloggers -— they’re all great candidates for micropayment systems.
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