The absent market for personal data | Doc Searls Weblog

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I was interviewed for a story recently. (It’s still in the mill.) In the correspondencethat followed, the reporter asked me to clarify a statement: “that the idea of selling your data is nuts.” I didn’t remember exactly what I said, so I responded,

I think what I meant was this:

1) The use value of personal data so far exceeds its sale value that it’s insane to compare the two.

Especially because …

2) There never has been a market for selling personal data, and to create one now, just because marketers are sneakily getting that data for free, doesn’t mean there should be one.

Especially because …

3) The sums paid by marketers for personal data are actually tiny on a per-person basis.

4) Selling one’s personal data amounts to marketing exposure of one’s self. It’s like stripping, only less sexy. And for a lot less money.

And added a pointer to For personal data, use value beats sale value.

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