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I seriously shy away from "saleable product", so my thoughts are purely from a conventional ad supported website model. I think it's just the opposite; a produ
by ryanwaggoner 16y ago
I seriously shy away from "saleable product", so my thoughts are purely from a conventional ad supported website model.
I think it's just the opposite; a product or service that you charge money for is way easier to make a living from than an ad-supported community. How big is the market for ad-supported communities for fish tank owners that are big enough that you could live off of them? A dozen or two? But how big is the market for companies that make a product or service that fish tank owners would buy? Probably thousands. Depending on your margins, you can make a living off of a handful of customers if you're selling them something (and you make money from the very first customer), but it'll take a large audience before you can make any money from ads. This also ignores the fact that ad-supported models have both users and customers, and they're not the same group, which can create all kinds of problems.
Identify a problem, create a solution, and ask people to pay for it.
- axod 16y agoMy main experience and success has been with advertising, so that's what I know, and what I recommend as being easiest to start, easiest to scale. I disagree with your argument. >> "it'll take a large audience before you can make any money from ads" It'll take a targeted audience before you can make money from ads. It's not about raw numbers, but about how well you match your users up to what they want. You can make a living out of a website that gets 100 visitors a month, if those 100 visitors are extremely targeted visitors.
- famfam 16y agoOkay, I'll bite. One of my webapps (http://todoneapp.com http://todoneapp.com) has 100 active users a week. How do I monetize it?
- axod 16y agoThe most obvious route would be: * Make it more of a reminder service for specific dates * Make it email/sms/etc you at pre determined times * Make those communications include handy adverts For example, "I need to buy a present for a thomas who is 8 by Aug 8th at the latest"... on Aug 1st it emails you saying "Don't forget to buy a present! Here's some cool offers, here's a coupon to buy toys. Here's a great place to buy e-cards, etc etc" I'd start by analyzing what sort of events/items your userbase are adding on your app, and working out how you can enhance their experience using advertising. If it turned out that 90% of your userbase are adding the todo item "Find a good deal on car insurance", then obviously it'd pay to find some good car insurance affiliate programs... (Hyperbole example, I know, just to show a point). But 100 users using a todo webapp aren't really that targeted. By targeted I'm meaning more like "They have already expressed a desire to buy X" etc
- jbgoddard 16y agoThe users are targeted, just not explicitly. An advertisement for David Allen's GTD book would target that audience.