Facebook – Source of Profits: Virtual Goods & Advertising
Facebook has grown to be an global sensation to fair with billions in investments and over 300 million users since 2009. The question of course is the place where does Facebook earn money online, and just how they prefer to keep making take advantage the longer term. After a little bit of research I was in a position to find the following answers to that question:
* Private Advertising – Facebook offers ad space on it’s website at a cost for everyone.
* Virtual Goods Market – A new concept where people buy virtual gifts (i.e. a photo of a stuffed bear) to send the other person on the webpage using the money gonna Facebook. This is becoming extremely popular!
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While Facebook relies heavily on the prevailing advertising revenue stream a large number of other social websites sites have started to rely on, they’ve got also been able to branch out onto new ground. The virtual goods information mill something that shows plenty of potential for Facebook and should be observed as a symbol of circumstances to come.
Digg – Source of Profits: Advertising
The popular social media news site called Digg ’s been around for a few years now and it has acquired several multi-million dollar investment deals to help keep the website continuing to move forward. Careful observations in the Digg website reveals just how they generate income online:
* Google AdSense ads located throughout the site (main page, sub-pages, comments, side-bar)
* Private advertising given by Digg to customers (main-page, side-bar)
Digg not merely utilizes the ads revenue programs furnished by companies for example Google and Microsoft, and also provides its own advertising service at a cost. Outside of advertising, Digg currently doesn’t offer some other services or products on the market that might be considered a true business structure it would seem.
Twitter – Source of Profits: TBD!
Twitter is not just one with the newest social networking services heading to the scene, yet it’s also one from the few widely popular social network sites without real business model currently in place. On top of that, Twitter doesn’t make use of any sort of advertising to get income like plenty of other crack houses. Twitter claims that a business design will soon be revealed, but nothing continues to be seen getting the club this time. Investors and social websites enthusiasts alike await to determine how Twitter may ultimately make money online. Some potential ideas discussed have included the following:
* Private advertising on the site – just like Facebook and Digg
* Advertising inside user twitter feeds
* Some kind of subscription based service – i.e. $1 / month
It remains to be viewed how Twitter will turn a profit, however, many eagerly await the arrival decision as Twitter also have huge amounts of money committed to it.
Final Thought – It quickly becomes clear just how large and important of an role advertising plays and can still play over these internet gaming hubs we’ve all grown to like. Internet marketing is growing rapidly (considerably faster than many realize), which mean there is certainly and definitely will be lots of possibility of some serious money in my experience made. So if you’re seeking to make money online, spend some time in studying high on your social networking marketing skills. It could be your ticket to full time self employment, or at least enable you to launch the following big idea!