This blog for $1,693.62 … going once, going twice …
My blog is worth $1,693.62.
How much is your blog worth?
Some guy has taken it upon himself to declare this blog worth $1,693.62.
Any takers? I’m more than willing to sell it for that amount and start another one instead. In other words, my own estimate of its worth is lower. Significantly.
Of course, stuff is worth (in the fiscal sense) precisely what someone is willing to pay for it, no more, no less. So in the unlikely event that I find no buyers at this price, I’ll have to pronounce this blog value estimator a load of baloney a little flawed. But I think that was the author’s point too.
November 9th, 2005 at 3:04 am
Of course I have to disagree. Not because I think I’m right (far from it)… but merely because I like disagreeing :)
According to economic theories of supply of demand, a price is determined when a seller and buyer meet and agree to exchange goods and money. From that inadequate definition, we can then define “worth of a good” to be the highest price available if exchange were to take place. The worth of Mona Lisa is the maximum price possible, not what “someone” is willing to pay.
This of course opens up a can of worms for goods that do not deplete with each sale e.g. software. Is the worth of software the highest price available for a single copy, or is it the total revenue possible? Or is it the combined suppliers and buyers surplus?
yes – I have no life.
ps. My blog is coincidently worth exactly the same, perhaps a coincidence – or did the blog evaluator over-value our blogs since more than one blog is stored on the same IP address?
November 9th, 2005 at 9:03 am
This blog price evaluator is obviously crap, http://limescooter.blogspot.com is worth nada, zip, zzzero (said with my daughter’s really strong Californian accent), but that can’t be! :-)
November 9th, 2005 at 10:14 am
Hjalti: “what someone is willing to pay” does not, in my mind, mean whatever the last guy offered. It means “the maximum value, over all potential buyers, of the price each buyer is willing to pay” … which is the same definition you supplied, isn’t it? My phrasing of the definition emphasizes the point that a given value estimate is substantiated only when you can find someone willing to buy at that price.
Gummi: how subtle of you! But I got your point … very well, I’ve linked to your blog now, to share some of my voluminous Google juice. No need to be shy about asking. :)