Comments on: Network effects and spreading the joy http://www.26econ.com/network-effects-and-spreading-the-joy/ Online economics Fri, 21 Nov 2008 00:59:02 +0000 http://wordpress.org/?v=2.3.2 By: Tejvan Pettinger http://www.26econ.com/network-effects-and-spreading-the-joy/#comment-3376 Tejvan Pettinger Tue, 11 Mar 2008 14:37:53 +0000 http://www.26econ.com/network-effects-and-spreading-the-joy/#comment-3376 It would be fine to use with other advertising. Instead I'd recommend paypal donate, it already has a critical mass. Also asking for a specific suggestion of $3 will help - some bloggers say buy me a coffee - buy me a beer. There are too many menu costs to bother with small amounts. just to give an example: http://www.economicshelp.org/blog/buy-me-a-coffee/ But, if you want to make money from a website, google adsense will giver much more than asking for donations. It would be fine to use with other advertising.

Instead I’d recommend paypal donate, it already has a critical mass. Also asking for a specific suggestion of $3 will help - some bloggers say buy me a coffee - buy me a beer. There are too many menu costs to bother with small amounts.

just to give an example:
http://www.economicshelp.org/blog/buy-me-a-coffee/

But, if you want to make money from a website, google adsense will giver much more than asking for donations.

]]> By: aaron http://www.26econ.com/network-effects-and-spreading-the-joy/#comment-3352 aaron Mon, 10 Mar 2008 14:37:30 +0000 http://www.26econ.com/network-effects-and-spreading-the-joy/#comment-3352 Rob: You make some interesting points. I didn't think of the negative credibility aspect before. I don't really think I can make any significant income from tips (or ads). Obviously if I needed a few extra dollars then I would be better off to quit blogging and get a part-time job at McDonalds instead. So I didn't really perceive of it as begging for a supplement to my salary, but more as a way for readers to express their appreciation. On the other hand, if you think this way then clearly other people might as well. I will have to think seriously about it. Do you think that ads would suffer from the same negative perception? Rob: You make some interesting points. I didn’t think of the negative credibility aspect before. I don’t really think I can make any significant income from tips (or ads). Obviously if I needed a few extra dollars then I would be better off to quit blogging and get a part-time job at McDonalds instead. So I didn’t really perceive of it as begging for a supplement to my salary, but more as a way for readers to express their appreciation.

On the other hand, if you think this way then clearly other people might as well. I will have to think seriously about it.

Do you think that ads would suffer from the same negative perception?

]]> By: Rob Elliott http://www.26econ.com/network-effects-and-spreading-the-joy/#comment-3351 Rob Elliott Mon, 10 Mar 2008 14:04:38 +0000 http://www.26econ.com/network-effects-and-spreading-the-joy/#comment-3351 I had a look at Tipjoy following your recent posts and, of course, came to the conclusion that this hasn't got a hope in hell of working unless everyone one else uses it. Therefore I took the rational decision to not bother until a critical mass is using it. In today's post you have seen the light. It is is tempting but of course the current shoe leather costs are too high and there is an element of "down grading" and to appear to be begging. This can have a detrimental effect on your "academic credibility". Do you really want your students or indeed bosses to see you begging for money on the internet to supplment your salary? Do academics not earn enough without wanting another $10 to buy books? Comments welcome as this is an interesting topic I had a look at Tipjoy following your recent posts and, of course, came to the conclusion that this hasn’t got a hope in hell of working unless everyone one else uses it. Therefore I took the rational decision to not bother until a critical mass is using it.

In today’s post you have seen the light. It is is tempting but of course the current shoe leather costs are too high and there is an element of “down grading” and to appear to be begging.

This can have a detrimental effect on your “academic credibility”. Do you really want your students or indeed bosses to see you begging for money on the internet to supplment your salary?

Do academics not earn enough without wanting another $10 to buy books?

Comments welcome as this is an interesting topic

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