Sunday, February 12, 2006

How to profit from Yahoo! Answers

You might have already tried Yahoo!'s new service, called Yahoo! Answers.

Initially, it might be quite fun, and even addictive at times. But ultimately, for those who are serious about leveraging the Internet's power to gather people (and not just information), Yahoo! Answers can become a platform for generating extra income.

The secret to making money from services like Yahoo! Answers can be found in a little book by Stan Davis, titled BLUR - The speed of change in a connected economy.

In his book, Davis describes the three major trends that will dramatically affect how we create value (hence money): the rising intangibility of value (such as knowledge), the emerging connectivity (peer-to-peer, etc.) and the speed at which everything moves in the cyber economy.