Consumers Willing to Pay For Online Content

Posted by admin in Blog      1 comment

Jan
6

It wasn’t long ago when Variety.com announced their decision to charge fees for some of their content. Recently, a survey conducted by Nielsen Wired shows that consumers are willing to pay for online content. Most interesting of all are findings about social communities and blogs where 28% and 20% of consumers have paid or would consider paying for those types of content respectively. Taking into consideration that the public doesn’t always understand the value of social media, this is an interesting finding indeed.

It all looks like people are willing to spend more than just their ISP subscription fees. In fact, 2009 has seen a rise in e-commerce spending compared to 2008 which was a better economic year. What it means is that people see their Internet connection the same way as they see gas for their car: it will get them to the store, but you still have to pay for a product. This is good news as the potential of e-commerce are great and will have beneficial effect to other sectors of the economy.