Blogonomics

Blogonomics would certainly be a part of any internet study in the future. The logic for the whole thing is simple. I will post more on the economic aspect of it later, let me make it short and sweet for now. Suppose you write such great stuff that a CEO of a mid size company visits your blog and spends say 30 minutes on it everyday. The blog may be free and it may not be giving you any 'returns' by way of publication. However you are returns are in the time that the CEO feels to spend on your blog.30 minutes of his time per day would amount to an average guys salary over a month. This concept need not be only applicable to the CEOs visiting your blogs. It can also be any other person. Therefore we can considered the time spent on your blog as the worth of the blog and hence it is the representative of the value generation aspect of your publication. This concept was taken from the book build to last although i have to mention that, in the book there was a totally different context in mentioning the same concept. What happens when there are a lot of people spending a lot of time on your blog? It is naturally assumed that you create some sort of social value.You create some sort of social interest, which makes people come to your blog again and again and again. What happens when you succeed in the above? You then start on to create some solid economic value out of blogging. People pay you money to write stuff. People pay you to comment on their blogs/website. Thy pay you to advertise their stuff on your blog. In short there are as many aspects of economics in blogging as there are conceptes in economics as a whole. More coming soon!!!!!