Facebook – Source of Profits: Virtual Goods & Advertising
Facebook has grown to be an global sensation to be honest with billions in investments as well as over 300 million users since 2009. The question of course is the place does Facebook generate income, and the way they intend to keep making money in the long run. After doing a bit of research I was capable to find these techniques 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. a picture of a teddy bear) to deliver the other person on the webpage with all the money planning to Facebook. This is becoming very popular!
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While Facebook relies heavily on the existing advertising revenue stream that lots of other social media marketing sites have started to be determined by, they’ve been capable to branch out onto new ground. The virtual goods companies are something which shows lots of risk of Facebook and really should be observed being a manifestation of things to come.
Digg – Source of Profits: Advertising
The popular online community news site called Digg ’s been around for a few years now and possesses acquired many multi-million dollar investment deals to hold your website advancing. Careful observations in the Digg website reveals just how they generate income online:
* Google AdSense ads located through the entire site (main page, sub-pages, comments, side-bar)
* Private advertising supplied by Digg to customers (main-page, side-bar)
Digg not merely utilizes the ads revenue programs furnished by companies like Google and Microsoft, but also provides its advertising service at a cost. Outside of advertising, Digg currently doesn’t offer every other goods and services on the market that could be considered a real business model it would seem.
Twitter – Source of Profits: TBD!
Twitter is not merely one with the newest social networking services hitting the scene, but it’s also one with the few widely popular social network sites without having real business model currently set up. On top of that, Twitter doesn’t even use any type of advertising to create income like a great deal of other drinking venues. Twitter has said a business structure has decided to be revealed, but nothing continues to be seen until now. Investors and social media enthusiasts alike await to see how Twitter may ultimately earn money online. Some potential ideas discussed have included these:
* Private advertising on the website – just like Facebook and Digg
* Advertising inside user twitter feeds
* Some type of subscription based service – i.e. $1 / month
It remains to remain visible exactly how Twitter will turn a profit, however, many eagerly await the coming decision as Twitter also have millions of dollars committed to it.
Final Thought – It quickly becomes clear precisely how large and important of an role advertising plays and can continue to play during these networks most people have grown to enjoy. Internet marketing is growing rapidly (considerably quicker than many realize), which mean there is certainly and can be lots of risk of some serious money if you ask me made. So if you’re looking to generate income, take your time in studying through to your social media marketing skills. It could be your ticket to full time self employment, or otherwise help you launch the following big idea!