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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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