Business models for your social media business

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Presentation Description

Take a sneak peek into popular business models used for social media marketing.

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By: bucaramanga (3 month(s) ago)

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By: m4n14kk (13 month(s) ago)

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Presentation Transcript

Check out here profitable business models and find out the best one for yourself:

Check out here profitable business models and find out the best one for yourself Are you looking for unsurpassed ways to kick start your social media business? http://www.virtualsocialmedia.com/wp-content/uploads/2010/05/business.marketing.jpg

What’s a business model?:

What’s a business model? It tells you how a business makes money. A model design is a part of business strategy. You can also tweak a model here and there while incorporating it in your business strategy. http://www.aagama.com/images/company%20growing.jpg

Freemium Model:

Freemium Model It offers you a basic service for free while charging for a premium service with advanced features. http://michaelgholmes.com/wp-content/uploads/2010/10/freepremium.jpg

Affiliate Model:

Affiliate Model In this kind, a business makes money by driving traffic, leads, or sales to another affiliated company’s website. Businesses selling a product depend on affiliated sites for leads or traffic to make sales. http://workathomecolumn.com/wp-content/uploads/2011/06/bigstock_Affiliate_marketing_17854115.jpg

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Subscription Model To use this model, you require users to pay a fee (monthly or yearly) to access a product or service. http://shotfromguns.files.wordpress.com/2010/07/newspaper-future2.jpg

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Virtual Goods Model In this model, users pay for virtual goods such as points or gifts, on a website or in a game. http://www.moaicapitalgroup.com/wp-content/uploads/2009/04/virtualgoods.jpg

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If you choose this model, you can extract maximum revenue from advertisements. Additional demographics about your site’s visitors also affects the amount you can charge advertisers to place ads on your site. Advertising Model http://www.demicco.com/wp-content/uploads/2011/04/online-ads.jpg

What are a few vital factors to keep in mind while choosing a business model?:

What are a few vital factors to keep in mind while choosing a business model? http://www.watblog.com/wp-content/uploads/2009/04/online-advertising-increase.jpg

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A foothold: Your customer value proposition, no matter how powerful, is of little worth unless you get customers purchasing your product. Differentiation: Add unique features to your product to set it apart. It boosts customer loyalty and makes it difficult to switch to alternatives. Pricing: Pricing can be another way to build your customer value proposition. Customer Value Proposition: This means your product or service should help a customer to solve a problem or provide a benefit. http://www.heftyinfotech.com/images/friendly-customer-service.jpg

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Get smarter with techy and modern business techniques and stay ahead of times http://stlouisseozone.com/wp-content/uploads/2011/05/iStock_000011740598Small.jpg