EconFact: $,$$$,$$$ Blogs

Basically how I feel

Basically how I feel

 

New York Fashion week is abound and the most amazing thing I dissevered besides Kanye West being at a college campus is that some fashion bloggers earn seven figures (which is about at least a dollar per unique visitor on a good month). But that’s not just a sole outlier, around 2% of the top bloggers make it big and blogs are valued and bought just as any other media property would be.

 

For example, advertising on blogs is almost a billion dollar industry. There is an expo called “BlogWorld” and successful fashion bloggers can easily churn out book deals while still in their twenties.

 

 

Some brief observations of successful bloggers:

  • They have had professional writing experience before. After all, you come for the pithy content and stay for the hyperlinks.
  • They focus on an opinionated niche. Hell, Groupon started out as blog for discounted restaurants before becoming a startup.
  • You keep writing. And writing. And writing.
  • Don’t forget, marketing, marketing, and marketing.

 

Takeaway: Paul doesn’t do this for the money.

 

Also: 

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EconFact 09/04: Made in Brooklyn

The future of tech?

The future of tech?

One of the biggest reasons I wanted to move from my first college in New York is because of variety; I felt that the students I met in my first school were too focused on a singular track (med school) and wanted to be in a place where I’d be exposed to people who chose a variety of paths.

Same can be said about opportunities in New York; within the city there are clusters of industries. Wall Street has finance. Madison Avenue has advertising. Garment District has…well, garments but the same can’t be said about technology, at least just yet.
A recent report from Bloomberg speculates falling vacancies and rising rental rates in Brooklyn office spaces signal a rise in New York’s tech and start-up industry.  Currently, Brooklyn has about 21 million square feet of office space (about the size of downtown Philadelphia) with an average square foot price of $32.13 compared to lower rent upwards of $40s Midtown South and downtown Manhattan.
Brooklyn is in a middle of a housing and construction boom and hopes to replicate the cluster effect for tech companies.
New York City’s unemployment rate remains unchanged at 8.4% in July from June which is lower than comparable cities like Chicago (10.4%)  and Los Angeles (10.3%) but higher than San Francisco (5.4%).
Takeaway: Rising Brooklyn office prices is just one of many indications of New York’s tech industry stimulus.
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Jon Stewart Returns
Questions? Comments? Compliments (much appreciated). Follow-up? Cool link, bro? Hit “comment” 🙂
– Paul