How Social Media Makes Money

SilkCharm made a wonderful presentation on how social media makes money--on how they go with their monetization and revenue. She includes case studies and examples.

And so the ways that social media makes money are numerous

donations: Wikipedia survives on donations
advertising: this is the most common; you offer advertising space for a fee
membership fee: World of Warcraft charges a this type of fee for players to continue playing
expansion fee: World of Warcraft's Burning Crusades has a fee to refreshing gaming experience
merchandising: Cafepress and Zazzle provides with on-demand customisable items related or linked to your site or blog
paid online events: You could have a conference that have an admission fee
virtual goods: in Habbo or Cyworld, you can purchase pixel/ virtual goods to enhance your account

Rather than stick solely to Google Adsense, you can try out these other ways to make money out of your site.

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