The majority of spammers are paid a flat fee, Colbert says, and those fees have been dropping. Only five years ago, the top tier of spammers was building ''online marketing'' companies and selling them for astonishing sums, in the millions of dollars. In those heady days, spam enjoyed the same inflated finances as tech stocks. But even after the bubble burst, spam was handsomely profitable. ''I cleared $130,000 in 10 months,'' Colbert says, ''the best money I've ever made.'' As more players enter the market, though, the profits are thinning. ''These days I've seen spam offered as low as $25 for a million addresses,'' Colbert grouses. ''There's still money in it, but it's a lot more work for a lot less.''
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