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5 Business Models for Social Media Startups - The Diigo Meta page

mashable.com/...social-media-business-models - Cached - Annotated View

Joel Liu's personal annotations on this page

joel
Joel bookmarked on 2009-07-15 Business Models
  • freemium
  • 3. How long did it take to get your first customer?

    Depends on your definition of customer – we had sign ups immediately and grew by 30-35% a month. What we had built was core features, so as we spoke with customers we began asking what would they pay for on our UserVoice page. Once we had some premium features in place, we went back to those customers and began doing paid pilots to test out the service. The first paid customer arrived in November.


    4. How many users do you have right now?

    16,652 as of June 5, 2009.


    5. What percentage of users are paying members?

    Since moving to paid plans, our conversion rate is around 5%.

  • Description: This is a model in which a business makes money by driving traffic, leads, or sales to another, affiliated company’s website. Businesses that sell a product, meanwhile, rely on affiliated sites to send them the traffic or leads they need to make sales.
  • subscription
  • virtual-goods

This link has been bookmarked by 45 people . It was first bookmarked on 14 Jul 2009, by Jeff Tougas.