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WEB/DIGITAL Creating the next social media giant...

Discussion in 'Business Models, Niches, Industries' started by shelton, Apr 15, 2018.

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  1. Apr 15, 2018 #1
    shelton
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    shelton Contributor Read Millionaire Fastlane

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    I’m willing to create a social media site but the thing is. I don’t know how sites like reddit tumblr or even Twitter make their money. I also don’t know how they are able to price their apps. I want to create a site that is either pay for once or subscription based. I would even replace patreon If I could. I did research on tumblr and found out that even it’s falling from grace
     
  2. Apr 15, 2018 #2
    MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Admin Post
    Would you try out for the New York Yankees having never stepped foot on the baseball field?

    Of course not.

    But your post says just that.

    You want to pitch for the Yankees but you haven't thrown one pitch, not in little league, not in high school, not in college.

    Instead of trying to create the next Facebook, Twitter, or Patreon, you should try to building something small that generates a profit. Shoot for $100 a month.

    Then $1,000.

    Then $10,000.

    Then $100,000.

    Then, and only then, should you start thinking about creating the next Facebook.

    Hope this helps.
     
    Xeon, Ika, Kingmaker and 2 others like this.
  3. Apr 15, 2018 #3
    Fastlane Liam
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    Fastlane Liam Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    They make money from ads to clear that part up,
    But totally agree with what MJ said above
     
  4. Apr 15, 2018 #4
    shelton
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    shelton Contributor Read Millionaire Fastlane

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