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Old 06-22-2014, 08:41 PM   #1

Join Date: Aug 1999
Location: Gold Coast, Queensland, Australia
Posts: 9,507
Question Nanotransactions - A viable model for funding online content?

Hey Geeks,

Long time no post. Hopefully you're all doing well and enjoying much success with your various new media ventures.

Many years ago, talk of micropayments was common. The idea was that people could grab a piece of content for $0.50 or $1 to bypass more expensive subscriptions and to allow for the production of high-end content that otherwise couldn't be supported purely through advertising. That concept failed to take flight except in a few niches, such as stock photography sources and the like.

Now, with more online merchant options available to people, talk of even smaller transactions has begun, with "nanotransactions" the term coined to describe this model. This would see people pre-purchase a bunch of credits, and to then pay for content in amounts as low as $0.01/article. That would certainly seem to be less of a psychological barrier than previous models.

Here's an article outlining more:

What do you think. Could this work?

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Old 07-23-2014, 04:53 PM   #2
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Join Date: Jul 2014
Location: Las Vegas
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Thanks Czar for this wonderful link! The article is excellent and astutely addresses the age-old concept of content monetization and issues related to it. I am amazed to learn just how pay-per-view has emerged as a feasible option for effortless monetization of content. I hope we’ll soon be able to find an answer as to why quality publications with amazing content often go unnoticed or replaced with paid ones and how.
Keep me updated with whatever new and interesting you find in this regard!
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micropayments, nanopayments, nanotransactions, pay-per-view, subscriptions

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