What are possible business models for social networking websites? How does the entrepreneur create revenue streams, or monetize the community? I’m no expert, but I’ve rounded up links to alternatives from pros and others. I’ve briefly listed the main revenue sources or summarized content of the links. As a SCORE volunteer counselor, I look at […]
Social Network Business Models
How can virtual currencies and virtual goods be revenue streams in a social network? In the excellent video Virtual Currency in One Hour, Second Life’s Chief Product Officer Tom Hale shares insights about the rationale for virtual currency and virtual goods. He also explains consumer behavior as it relates to virtual goods and describes the […]
Where are social networks going? What’s the trend in revenue models for these sites? How does this affect those who want to start a niche social network? I just discovered Bernard Lunn’s provocative post “The Fork in the Road for Social Media,” thanks to my Seattle friend Robbin Block. Lunn is skeptical about the viability […]
Infographic to show you 6 subscription model benefits that can help you build your business, including returning customers, repeat orders and more.
A post by Mark ‘Rizzn’ Hopkins on the “Economics of New Media: Pay to Play or Free?” has just alerted me to a conversation on alternatives to the prevalent advertising model. Alternatives to the Ad Model? His post summarizes the back and forth on various blogs, and offers his contribution: “The best way to make […]
Seems like every year we hear about a few new consumer networks raising large amounts of money at high valuations. And right on cue, we hear will they make money? See the full post on the monetization of social networks on medium.com Peg Corwin‘s insight: While written about SnapChat, these questions apply to anyone thinking […]