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Agreed, money typically is a cognitive barrier - but remember we're talking micropayments, and the internet is a BIIIIG place. I think that works in favor of ov
by Artifex 17y ago
Agreed, money typically is a cognitive barrier - but remember we're talking micropayments, and the internet is a BIIIIG place. I think that works in favor of overcoming that barrier.
And maybe, just maybe, the paypal button is out of date. Paypal buttons are little more than a dressed-up hyperlink from 1996 that will take you to a form with stuff to fill out and even more buttons to press (no novelty, redundancy, paperwork, etc). It's also a solitary activity.
This is inviting in that you get to see a count displayed from people who have already clicked it (much like the digg button), and invites you to participate in that community. I think that community force is a very strong thing that has yet to be tapped in to.
Who I see this working really well for at the Seth Godin-types, where they have really developed a whole tribe of followers who hang on to their (and truly benefit from) every word. These people will want to participate in their online community, and this will be a very tangible and easy way for them to do so.
- ivankirigin 17y agoActually Seth Godin explicitly doesn't want this kind of donation tool. His blog is a tribe he cultivates to sell books. Believe me, I know about this one. Also, micropayments make it worse. You'll get the same dropoff for $0.05 as you would for $5. Again, I know from data. Making the amounts small just means you get less revenue. http://redeye.firstround.com/2007/03/the_first_penny.html http://redeye.firstround.com/2007/03/the_first_penny.html
- patio11 17y agoI don't know if the data you are looking at are proprietary or not, but I would sincerely love if there were published numbers that I could point people to when I tell them what you are telling them right now.
- ivankirigin 17y agoThis is the data from http://tipjoy.com http://tipjoy.com and no I haven no plans to open it up.