Well you just can't beat a good article about how to make some easy money online. The only problem is that this isn't as easy as simply coughing up your checking account and routing number for a group of foreign investors to funnel millions into their offshore account. This article discusses the future of M-Commerce and the opportunities associated given its rapid growth. M-Commerce is simply mobile / cell phone based sales and the growth is fueled by how integrated our phones have become to our daily lives. Couple that with the fact that more people own a mobile phone than a computer and you get the idea. Mobile phones have basically become portable computers that we use for checking email or surfing the internet for the latest stock prices or the score to last nights game. That is, of course, if we're not watching streaming video of the game live on our phone because the local watering hole would rather cater to obnoxious NASCAR fans than let me watch my beloved Tarheels.
An increasingly popular trend is in the form of Micro payments. The American Idol voting format is a great example of this. I mean how many times have we heard Ryan Seacrest say, "text your vote to" blah, blah, blah while some desperate contestant make silly hand gestures to simulate his or her number. They were charged a small premium on top of the SMS charge and probably didn't even notice it. The revenue generated from the millions of voters on the other hand was surely noticed. And that's the beauty of Micro payments - we don't feel like we're being charged because it's simple, we're not forced to pull out our wallet or a credit cards, and the cost is usually nominal.
So how do you make money? As a consumer, you probably won't - that just got my attention. But as a business there certainly are opportunities. It's real time information, easy and accessible that provides a cost effective alternative existing subscription-type services. Our role as consumers is to continue to download ringtones, wallpaper, and various other applications. And we will because it's easy, it's cheap, and the cost is buried in with all those taxes and regulatory charges that we don't just understand....
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