Absolutely that is what i tried to explain to him. Every social media network does make money that way and if there is any other, i am not aware about that....Really? No-one said it.
Advertising, I read somewhere that 95% of Facebooks profit is from advertisements.
Nice way to explain things with examplesITs basically a search engine.
People come on and fill out info about themselves.
They interact with different pages and people.
Then guys like you and me can buy ads that say “show to all people who live in xyz amd age 30-40 and who are divorced “
Tai lopez did an interview with tom from myspace where he did a good job explaining this.
Join Fastlane Insiders.