Another Addendum to Part 2 of the conclusion

o   Lastly one needs to address the “Transaction Cost” on the writer. In the traditional model when one wants to publish a book, that requires a large financial commitment. What is meant by transaction cost is the commitment of the writer to have his work published.

§  An example of such would be to look at the world before the printing press, a writer had to decide whether his work was good enough for him to pay the cost of having it transcribed for sale. Now when looking at today’s blog world we see this cost, this sign of commitment, near zero. However we see the financial aspect near zero, perhaps today the commitment needs to come in a different form, perhaps the transaction cost is evident in the marketing campaign and blogging frequency of the writer. If you think your work is worth the publicity then you should be willing to go to great length to see that realized, but on the other hand a blogging commitment does not necessarily reflect a sacrifice in the same way as a financial commitment would.

·         Perhaps this is one of the reasons we have so many bloggers today, many more than writers.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: