No Revenue – Revenue model(s) as talked about could be very strong for social platforms, the key revenue model is no revenue at first!
When you don’t target any revenue at first from the website and just make it open for the users to get used to your platform, it’s your TROO! investment. This is must for startup social businesses today.
Membership Plans – most common of all, however, most successful as well. Strategizing the membership plans uniquely is quite important making sure that the users can peek into the features you are planning to monetize on however shouldn’t be able to access extensively. This creates excitement and makes your job done.
Credits Model – In addition to membership plans, credits based model is the success key for a good revenue. It is like you give users some loyalty points for they are staying on your website/app and performing different activities. Make some features accessible through membership plan or certain number of credits so that if not making any purchase on the platform, users at least stay to earn free credit points and use them to unlock features.
Another advantage of credits model is that if you are a startup and don’t have still a good amount of traffic, you can provoke earning credit points on Invitations that users send to their other phone contacts, social contacts and email contacts who are not already registered with the platform. That’s called Referral model.
Banner Advertisement – custom banner ads is a comprehensive module which can give you flexibility to get revenue deciding whatever rate you want to keep for your banner spaces
Banners containing ads from different Ad Networks like Google Adsense, etc. is also a type of revenue but should be secondary one to any above.
Let’s tailor your solution with a best possible combination here or generate a new model based on your thoughts, reach us today!