Facebook – Source of Profits: Virtual Goods & Advertising
Facebook is becoming an global sensation to be honest with billions in investments and also over 300 million users at the time of 2009. The question obviously is the place does Facebook earn money online, and the way they intend to keep money in the near future. After doing a bit of research I was capable to find these strategies to that question:
* Private Advertising – Facebook offers ad’ space on it’s website at a cost for any person.
* Virtual Goods Market – A new concept where you can get virtual gifts (i.e. a photo of a stuffed animal) to transmit one another on the webpage while using money planning to Facebook. This has become extremely popular!
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While Facebook relies heavily on the present advertising revenue stream that many other social media marketing sites began to depend on, they’ve also been in a position to branch out onto new ground. The virtual goods marketplace is something that shows a lot of risk of Facebook and really should be seen like a manifestation of things to come.
Digg – Source of Profits: Advertising
The popular social networking news site called Digg has been in existence for a few years now and has acquired a number of multi-million dollar investment deals to help keep the web site continue. Careful observations from the Digg website reveals precisely how they generate income:
* Google AdSense ads located throughout the site (main page, sub-pages, comments, side-bar)
* Private advertising furnished by Digg to customers (main-page, side-bar)
Digg not merely utilizes the ads revenue programs given by companies for example Google and Microsoft, but also provides its very own advertising service at a cost. Outside of advertising, Digg currently doesn’t offer another products or services on the market that might be considered a true enterprise model it would seem.
Twitter – Source of Profits: TBD!
Twitter is not simply one of the newest social network services going to the scene, yet it’s also one of the few widely popular social networking sites without any real business structure currently set up. On top of that, Twitter doesn’t use any type of advertising to create income like a lot of other social sites. Twitter states which a enterprise model has decided to be revealed, but nothing may be seen getting the club now. Investors and social media marketing enthusiasts alike await to find out how Twitter will in the end generate income. Some potential ideas discussed have included these:
* Private advertising on the website – similar to Facebook and Digg
* Advertising inside 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, but a majority of eagerly await the coming decision as Twitter likewise have huge amount of money dedicated to it.
Final Thought – It quickly becomes clear precisely how large and important of an role advertising plays and may always play in these social networking websites we’ve all grown to enjoy. Internet marketing is growing rapidly (considerably faster than many realize), which mean there is and will be a great deal of potential for some serious money in my experience made. So if you’re seeking to earn money online, spend some time in studying on your social networking marketing skills. It could be your ticket to full-time self employment, at least enable you to launch the following big idea!