5 Money Making Opportunities on Facebook

Published: July 26, 2007, 10:49 pm

Tags: facebook, mashable, social networking, social software, apis, web 2 0

With the release of its new platform, Facebook's recent endeavor in social media presents a unique opportunity for marketers, developers and businesses to tap into the social network's young, active, and viral crowd. However, over the past few weeks there has been a rising concern among developers to uncover ways to monetize their Facebook applications. The curse of instant online success is that you can no longer sustain expensive servers to support hundreds and thousands (or even millions) of Facebook users. The question: how can the developers of Facebook apps actually make money? We don’t have all the answers yet, but here are 5 suggestions: 1. SELL. Develop applications solely for the purpose of selling them to interested parties. Several applications have already been acquired in this fashion; the most recent example is that of Mozes' purchase of TextMe. 2. DEVELOP. An indirect source of funds: develop applications under contract for third parties. A number of

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