socialmedian: Now That Internet Economy Is In Danger, Google and Facebook Could Save It

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Now That Internet Economy Is In Danger, Google and Facebook Could Save It

Submitted by Eng1ne from Google Reader

Nov 22, 2008

Summary

I think everyone has been thinking for a while now about how the entire internet industry is flawed and how it will face even more serious problems in the future unless something is changed in terms of how businesses make money here. Recently every time a new startup sends me a pitch about their new product, I’ve been stubbornly asking them about exactly how they were planning to make money.

The reason for focusing on the financial side of things is quite obvious for me as the world financial crisis is making all of us switch focus from things like creativity and innovation to such issues like money - less attractive but vital when it comes to business. We have already seen way too many layoffs and way too many startups going out of business for absence or lack of money. And I think that right now we are all witnessing a situation where entrepreneurs will need to come up with creative and innovative ways to make money in addition to creative and innovative ways to entertain their users.

So I think that if every single startup in existence learns how to make mon

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Comments (6)

Scottymchoty,

Nov 23, 2008

You are so rigt, See this big companies that have been around for a very long time just go out of business like this is hard for the little guy. If the big guy can't has the little going to do it.

By have a online business you can save lots of money. No stores, all you need is just one big warehouse and a shipping department. If any of these company get smart they just do business online .

While you've been reading the above, thousands of people all over the world have been working to put money in my pocket. I even make money while I sleep! By this time next week, so could YOU. Get full info here: http://www.quickinfo247.com/8051555/FREE.

Thomaspower,

Nov 23, 2008

great piece and hear hear, Linkedin, Xing, Naymz, Konnects and Ecademy all charge a subscription. Only a tiny percentage pay but that's what makes a business. One day you will see a charge from Facebook and Google.

Danielpatricio,

Nov 23, 2008

@thomaspower Why would you think that google would eventually have to pay?

Their business model has been built by allowing people to do everything online through them for free (eg. gmail, google docs, search and youtube) and leveraging that traffic into ad revenue. Google is dominant because they speak to the largest share of internet users.

I don`t think they would have a business model if they started charging for their services. They are in the business of ad revenue.

Thomaspower,

Nov 24, 2008

@danielpatricio I really want to meet the people on Facebook and iGoogle and SocialMedian who are prepared to pay for these services. People who pay are different to those who don't, they have a different attitude to business.

Joannedevault,

Nov 24, 2008

am i the only one sick of stupid blog posts such as this one that waste my time reading it?

Lisa P,

Nov 26, 2008

The American economy today is facing lots of crisis and the people that are average earners only are being very much affected. That’s why providing financial options to the people is a very good step for them to cope up in the present economic situation. Financial option like short-term installment loan could help a person in times that he urgently need money. Consumers must seek first for information about the best financial option that could help them. Click to read more on this site: http://personalmoneystore.com/moneyblog/2008/11/18/marriage-money-management-payday-installment-loans/.