An interesting web business idea
There is a third method to make money online, but it takes
a lot of time of development, patience and money before it actually
starts to be profitable. The method essentially consists in setting-up
a site that will receive many thousands of visitors every month because
it provides a very valuable service for free. This will give you the
opportunity to sell advertising space on your site, sell the business
for a profit, or whatever.
To give you a first example, I will tell you about a site that
did just that: Google.com.
What the men (two men developed it initially) behind the site did
was to setup a new search engine with an innovative system
that ranks sites using a formula that takes into acount the number
of links that lead to each site. A method that made wonders in deciding
which site was more popular and important than another, and thus
led to much better results when a search was made by a surfer.
The traffic and popularity of the search engine grew very fast,
and now they get their money from selling advertising space on their
site.
Another example is Hotmail.com.
They gave free e-mail accounts for everyone that applied for one.
And soon they came to have tens of millions of e-mail accounts on
their servers. That meant a similar number of visitors to their
site each day, as people come over regularly to check their e-mail.
And one day, Microsoft - I'm sure you heard about this company -
bought the site. And you bet it wasn't cheap! (I read that it cost
them $400 mil.)
How about Netscape.com!
They gave something for free too! A browser! And their browser soon
became a very popular browser. About 30 million people downloaded
this browser when they decided to go public. Everyone jumped and
bought. And I heard they got $600 mil. They got rich by giving something
for free!
As I said in the beginning, in this kind of business, the hard
part is to survive until your business becomes profitable. Google.com
for instance, had no advertisements on it's pages until it grew
to be the number one search engine. Can you keep your breath that
much? If you feel that you can, I wish you good luck!
If you feel that you are cut up for this kind of job, go ahead
and make it happen. As you can see, some did and they were successful.
Related articles:
Using affiliate/associate programs to generate
revenue
Develop a product
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