“If you build it, they will come…”
A start-up called Creative Weblogging is attempting to build a stable of business/finance/tech bloggers from scratch by paying unknowns a modest but not unattractive sum ($ 84 -140/ month) for steady posting. In fact, they offer a “Pro Blogger Compensation Package” of sorts:
Pro Blogger Compensation Package:
- Monthly compensation: $84-140 (US) – paid via PayPal or Moneybookers
- 3-5 posts per week are required, min. of 70 words each.
- Traffic bonuses for aggressively growing traffic are available.
- Access to our vibrant community discussion group with 80+ bloggers, where you can share tips and network.
- We take care of all the technology with an advanced blogging platform.
- We also provide marketing support.
- Virtual shares program: blog with us for a year and you can earn virtual shares in the company.
Hmmmm…..Do “virtual shares” pay real dividends?
Kind of interesting. Where Newsvine tried relying upon an ego-driven reputation management economy to gain free content, these folks are betting on actually sharing some of the wealth with creators will assemble a social network that can be commoditized. As most bloggers produce inane drivel, especially when they are new to the game, the payment is far more than the labor is worth – until they find a blogger who can pull in hundreds of thousands of hits a week. Four of five of them should pay the bills for all the failures.
Presumably their business model is some kind of targeted RSS feed subscription marketing to justify ad revenues and later by hyping products by raising their status in the attention economy, assuming the network ever commands that kind of traffic leverage. I suspect the company retains intellectual property rights to what their bloggers write but I could be wrong. Bears watching as an experiment in the evolution of Web 2.0.
( Hat tip to Complexity and Social Networks Blog)