Facebook featured photo problem resolved
Best 4 WhatsApp Tricks Without a Mobile Number 20a The one thing Facebook has yet to figure out is how to use their fantastic product to make the most money, consistently and on an ongoing basis – in other words, finding the right business model. A really interesting topic to write my first blog about because, in my opinion, finding the right business model for Facebook cannot be accomplished using conventional thinking, such as looking solely at Google and their search engine ad revenue. Because Facebook is unique, you must find unique solutions. In reality, there is no single best business model for this website.
rather a plethora of potential revenue streams from various sources. It is not only a question of "how do we generate revenue," but also of "when do we start with which one?" This may appear strange at first, but it will become clear as you read on. To summarise, it is basically taking your assets and what made you successful in the first place and finding new and effective ways to use them.
Business Profile / Business Network
I've been thinking about it since the beginning of February.
Wouldn't it be great if you could log in once and have your personal and professional networks in one view, albeit strictly separated depending on your settings?
Wouldn't it be great for businesses to have a business network with approximately 7 times the number of users as LinkedIn, which can offer people with every kind of skill and experience imaginable, as well as offer any kind of services and products to their 500 million users? Wouldn't it be great if Facebook could break into the companies that have been blocking the site so far, generating new streams of ad and other revenue from recruitment firms and others? Most importantly, Business Network market leaders LinkedIn and Xing charge their users, implying that Facebook would have a perfectly legitimate case to charge their business network users as well.
This means that the critical, and psychological, a barrier of charging end-users can be overcome in a roundabout way, without fear of a massive backlash or mass exodus of users. Of course, they can only begin charging active business network users, but when the door is opened once...needless to say, this has the greatest potential impact on Facebook's bottom line.
All of this would occur if Facebook also provided a Business Network. This isn't even a major undertaking for them; they're simply leveraging their existing functionality.
It is relatively simple to set up by automatically transferring the existing (fitting) data of the user profiles into their new professional profiles, giving the users the option to opt-in to this service and allowing them to enter more business-related data to activate their professional profile (which also means more key data available within Facebook). The professional profile can be, for example, on a separate tab right next to the private one, or it can simply be another wall and information page next to the main profile, allowing it to be within the Facebook site but with the option to completely block the private section when accessed from certain locations.
while also allowing the user to keep both profiles and their connections separate through privacy settings To grow quickly, the service should be provided for free at first. Ads can be displayed to help offset some of the startup and running costs. Existing Facebook functionality, such as the news feed with real-time updates, posting pictures (e.g. from corporate events), the Like button, the option to easily post relevant news, and so on, should be incorporated, allowing users to do the same things they like to do on the social network in a business environment and in a simple and already known way.
This would make the Facebook Business Network much more alive than the mostly static existing ones, allowing users to be active or passive, enjoying ever-changing new content, and keeping them on the site, just as it is on the current social network. At the same time, the previously mentioned benefits for Facebook are enormous, while development time and costs are comparatively low due to the use of already proven and existing layouts and functionality. In my opinion, if properly set up, the other existing professional networks, like the other existing social networks, will be marginalized within 9-12 months of launch (depending on the roll-out plan).
No comments:
Post a Comment