Unless you're in the cold like Ted Williams, you know about MySpace, but did you know about the MySpace economy? As tens of millions show up regularly at News Corp.'s virtual hangout, ambitious
entrepreneurs have figured out how to make some money off the site's considerable clout among younger consumers.
Forbes points out that MySpace, like other mega-sites Google, eBay and
Craigslist, is becoming its own economic ecosystem. Some youngsters are propping up Web sites that offer MySpace users free tools to upgrade and spruce up their profiles with colors and images, others
will do whole personal page redesigns for a fee. Within the network, some are creating and selling software designed to automate tasks within the MySpace network, like friend confirmations and message
postings. Entrepreneurs who spoke with
Forbes said some of the most successful initiatives have attracted interest from bigger companies looking to take them over. Other successful MySpace
spinoff businesses are being auctioned off for thousands of dollars.
Read the whole story at Forbes.com »
