Facebook – Source of Profits: Virtual Goods & Advertising
Facebook has grown to be an global sensation to say the least with billions in investments well as over 300 million users at the time of 2009. The question of course is how does Facebook make money online, and just how they want to continue to make money in the future. After doing some research I was capable to find these solutions to that question:
* Private Advertising – Facebook offers advertising space on it’s website at a cost for everyone.
* Virtual Goods Market – A new concept where use virtual gifts (i.e. images of a stuffed bear) for you the other on the webpage with all the money planning to Facebook. This is now very popular!
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While Facebook relies heavily on the present advertising revenue stream that numerous other social websites sites began to depend on, they’ve got recently been able to branch out onto new ground. The virtual goods information mill something shows plenty of possibility of Facebook and will be viewed being a manifestation of things to come.
Digg – Source of Profits: Advertising
The popular social network news site called Digg ’s been around for a few years now and possesses acquired many multi-million dollar investment deals to maintain your website advancing. Careful observations with the Digg website reveals how they make money online:
* Google AdSense ads located through the entire site (main page, sub-pages, comments, side-bar)
* Private advertising given by Digg to customers (main-page, side-bar)
Digg not just utilizes the ads revenue programs provided by companies such as Google and Microsoft, but also provides its advertising service at a cost. Outside of advertising, Digg currently doesn’t offer any other goods and services available for sale that is considered a true business structure it would seem.
Twitter – Source of Profits: TBD!
Twitter is not merely one of the newest social media services heading to the scene, yet it’s also one in the few widely popular online community sites without having real business model currently available. On top of that, Twitter doesn’t make use of any type of advertising to generate income like plenty of other crack houses. Twitter has said that a business design will quickly be revealed, but nothing may be seen until now. Investors and social media enthusiasts alike await to determine how Twitter will in the end make money online. Some potential ideas discussed have included the next:
* Private advertising on the site – similar to Facebook and Digg
* Advertising from the user twitter feeds
* Some sort of subscription based service – i.e. $1 / month
It remains to remain visible how Twitter will turn a profit, however, many eagerly await the arrival decision as Twitter likewise have millions of dollars dedicated to it.
Final Thought – It quickly becomes clear exactly how large and important of a role advertising plays and definitely will still play over these websites most of us have grown to enjoy. Internet marketing is growing rapidly (much faster than many realize), which mean there’s and can be plenty of risk of some serious money if you ask me made. So if you’re seeking to generate income online, spend some time in studying high on your social media marketing skills. It could be your ticket to full time self employment, or at best assist you to launch your next big idea!