"There's gold in them thar blogs"

Interesting post on ZDNet's EmergingTech Blog, where Roland Piquepaille tries to estimate the size of the blogosphere economy.

Mr Piquepaille arrives at somewhere in the quarter of a billion range. He uses a poll by Darren Rowse to guess that one out of ten million bloggers makes $120 per year, adds 'the money made by Google and others', and concludes it's still a relatively insignificant inustry.

But Technorati, as of writing this post, tracks 28.3 million blogs with another 100,000 or so joining every day. That puts the total closer to $1 billion, with a triple-digit annual growth rate.

Who said blogs were small?