New Forms of Work

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Did any economists see virtual gifts  as a viable revenue stream/model for income? None of them thought  credit card companies would sanction the micro-transactions of people buying music, and that the volume wouldn’t be there anyway.

We need more people who can think differently to make new forms of work thrive.

Virtual Goods Start Bringing Real Paydays

By CLAIRE CAIN MILLER and BRAD STONE

SAN FRANCISCO — Silicon Valley may have discovered the perfect business: charging real money for products that do not exist.

These so-called virtual goods, like a $1 illustration of a Champagne bottle on Facebook or the $2.50 Halloween costume in the online game Sorority Life, are no more than a collection of pixels on a Web page.

But it is quickly becoming commonplace for people to spend a few dollars on them to get ahead in an online game or to give a friend a gift on a social network.

To Read more…

http://www.nytimes.com/2009/11/07/technology/internet/07virtual.html?_r=1&emc=eta1