Online network business model (generic)
Point to point
- Facilitate collaboration and information distribution from point to point
Comprehensive, community driven content and workflow management
- Self-publish
- Comprehensive content management (profiles of community members, Classifieds, News, other specific information)
- Workflow of community inputs (information, discussion, ratings) to outputs (outcomes, objectives, actions required)
- Community ratings to prioritise content
- Featured content
- Wiki
- Forums for each item of content
Valuable content
- Market participants are willing to pay to view or distribute information (Average revenue per user > USD1000 per annum )
- Content types: profiles, classifieds, news, market prices
Open source software
- The community provides the basic functionality
- Build the specific functionality required
Cheap, global unlimited web hosting
- Amazon EC2 service provides unlimited processing and storage
Virtual execution
- Software to coordinate people across the world to manage online network and pursue the network’s objectives
Unique memorable domain names
- Singular two word generic names that are memorable and desirable by market participants
- A custom URL and email address for a market participant
Partner, partner, partner
Promote individual contribution toward community objectives
- aggregate collective efforts toward community objectives
- community develops action items
Potential sources of revenue include:
-
subscription fees for member profiles
-
fees for custom URL’s (or domain names) that link to a profile and email addresses
-
content publishing fees publishing content (news or classifieds)
-
commission on events
-
transaction fees for successful transactions
-
market data fees
-
commission on order execution
