Thursday, September 22, 2011

Empire Avenue

I signed up for Empire Avenue today. It's an online social media stock market I was told about by a colleague.  Based on what I can tell to this point, the more presence I have on various social media sites (Twitter, Facebook, FourSquare, LinkedIn, Flickr, Instagram, etc.) the higher my stock value is.  With this website you can actually invest your eaves, the monetary system the website gives you based on specific achievements, into other users on the website.  When they use the social media sites their value goes up, and your eave total goes up.

This actually reminds me of a business idea one of my classmates had last semester.  The idea was to invest in people rather than invest in companies.  Say for example you feel competent enough to "sell yourself" on the market. You would then mark yourself at a particular price.  People could then give you money based upon your knowledge, intelligence, work ethic, or really anything they want to.  With that money they invest in you, you are to turn around and make that money increase.  Therefore you are making your investors money on their initial investment, and you also have money to spend.  It's a complicated idea, but isn't everything that is involved in market sharing?