26. Revenue Model Premium Service: LinkedIn which has Business ($19.95/month), Business Plus ($50/month) and Pro Accounts ($200/month) Advertisements – CPC, CPA, CPM Micropayments – Users start buying add-ons with small amounts of money Partnerships – iTunes and Facebook, Simply Hired and LinkedIn
27.
28. Virtual Currency – 10 of top 15 facebook are games. On any day 500,000 tractors are sold to 63.4 million Farmville users. 2009 revenue was nearly $100 million.
29. Virtual Gifts – Digital birthday cards, flowers. Ning virtual gifts.
43. Threat of new entrants is high since innovation is the key
44.
45. People are becoming more tech savvy with increased internet penetration and due to busy and hectic life styles, SNS are best way to socialize with friends, acquaintances, clients as well as professional links.
46. SNS provide collaboration at a very high level which is the key to succeed in the fiercely competitive world.