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Earning revenues when everything is FREE
Hello fellow startupnationers,
Here`s a question I have been pondering over these few days,
How do websites/businesses such as Friendster, eBay, YouTube and Startupnation earn their revenues when everything is FREE? It seems that starting these kinda business up is kinda hard as I think that revenues will come in only after there`s a certain amount of online patrons through advertisments earnings.
I understand that these businesses earn their $$$ through advertisements (correct me if I`m wrong). Do they have any other ways of earning $$$? I was thinking of starting a similar kind of business but just couldn`t figure out how are we going to profit initially. I hope that there`s some experienced people can answer my queries. Thanks!!!
Here`s a question I have been pondering over these few days,
How do websites/businesses such as Friendster, eBay, YouTube and Startupnation earn their revenues when everything is FREE? It seems that starting these kinda business up is kinda hard as I think that revenues will come in only after there`s a certain amount of online patrons through advertisments earnings.
I understand that these businesses earn their $$$ through advertisements (correct me if I`m wrong). Do they have any other ways of earning $$$? I was thinking of starting a similar kind of business but just couldn`t figure out how are we going to profit initially. I hope that there`s some experienced people can answer my queries. Thanks!!!
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Comments
iouone22007-4-17 14:1:16
For my situation, I trying to start a small internet biz without much investment put in as my biz partner is quite good with the internet stuff. Initial start-up cost would be the hosting, domain etc. We are planning to let it be a free service for a few months to draw traffic, but I`m afraid that when we start to charge $$$ for this service via the internet, there might not be people there anymore. Since everyone is giving free service, it seems like we are on the losing side.
Overall, I think this internet service we provide is quite unique and there would be acceptable demand. I guess we just need to START IT UP!!!
Thoughts?
Thanks!
Brutus4/21/2008 12:33 PM