What if a business idea satisfies the 5 commandments, but there isn't a clear-cut way to generate revenue from it?

[Jalanw]

I have an idea for a social networking website designed to connect people to employers in the programming industry (it is a lot like LinkedIn but more specialised). I want it to be a social media platform because I want anyone to be able to create profiles and upload media.

The problem is, I can't see a clear way that the idea can generate money besides adverts. I recall MJ's commandments and feel like they are being met sufficiently and the law of affection is certainly there. I particularly recall the commandment of NEED, to chase needs that need to be addressed rather than money, and I firmly believe there is a need for this idea.

My thoughts are that if I pursue this idea and focus on good execution to attract some users, the opportunities to make money will reveal themselves. Is this a pipe dream? Too Naive?

Have any of you had similar predicaments? What did you do?

 

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[SEBASTlAN]

LinkedIn has multiple revenue streams, and you think you can't even get 1?

Stop action faking.

 

[Hello_World1]

I have an idea for a social networking website designed to connect people to employers in the programming industry (it is a lot like LinkedIn but more specialised). I want it to be a social media platform because I want anyone to be able to create profiles and upload media.

The problem is, I can't see a clear way that the idea can generate money besides adverts. I recall MJ's commandments and feel like they are being met sufficiently and the law of affection is certainly there. I particularly recall the commandment of NEED, to chase needs that need to be addressed rather than money, and I firmly believe there is a need for this idea.

My thoughts are that if I pursue this idea and focus on good execution to attract some users, the opportunities to make money will reveal themselves. Is this a pipe dream? Too Naive?

Have any of you had similar predicaments? What did you do?

You gotta exercise those resourcefulness and creative thinking muscles, my friend! In a world where we have the internet at our fingertips, we can't expect all of the ideas to just fall from the sky and manifest into our brains. We gotta dig!

I researched how LinkedIn and other social media sites make money, and I got 2-3 more ideas that way. I just copy pasted your first 2 paragraphs into chat GPT and it gave me 7 ideas! You can do it!

 

[Kevin88660]

I have an idea for a social networking website designed to connect people to employers in the programming industry (it is a lot like LinkedIn but more specialised). I want it to be a social media platform because I want anyone to be able to create profiles and upload media.

The problem is, I can't see a clear way that the idea can generate money besides adverts. I recall MJ's commandments and feel like they are being met sufficiently and the law of affection is certainly there. I particularly recall the commandment of NEED, to chase needs that need to be addressed rather than money, and I firmly believe there is a need for this idea.

My thoughts are that if I pursue this idea and focus on good execution to attract some users, the opportunities to make money will reveal themselves. Is this a pipe dream? Too Naive?

Have any of you had similar predicaments? What did you do?

What’s the value proposition for users to use your site instead of LinkedIn?

 

[Jalanw]

What’s the value proposition for users to use your site instead of LinkedIn?

Apologies for the late reply on this.

I'd premise with the value that LinkedIn provides me with: LinkedIn is a valuable way to show off my career history & academic/work achievements, which allows recruiters/employers to find me. I have been hired through all of my major jobs through people finding me on LinkedIn, which is a big deal when applying for jobs the traditional way is a lengthy and soul-crushing process.

My website doubles down on this value and plans to execute it better for the programming/tech industry specifically. Users who want to take their passive job seeking strategies to the next level will want to upload their resume/achievements to my site because it will provide further ways to show themselves off to recruiters/employers.