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How businesses can make money with the Web 2.0 technologies

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  • How businesses can make money with the Web 2.0 technologies

    Making money online isn’t a novel topic. People have been writing on various methods to earn money online. Monetizing your application is an important facet of this.

    There are ways to monetize your application which are as follows:

    - By selling your application – depending on your skills and killer social game idea, you can develop an application and then sell it.

    - Direct ad sales – Advertising on already popular applications

    - By generating installs – Driving web traffic to other’s website via your application.

    But the best method of monetizing your application is by selling virtual goods. People pay real money to buy virtual/digital goods on internet but the applications on which excessive micro-transactions occur are Facebook game applications. Social gamers are buying virtual weapons to combat in a fight and virtual presents to gift to their friends.

    For those who don’t know, Application is a way for businesses to communicate, interact and get closer with their customers. It’s not a product, it’s a service. These applications are free-to-play social games for the gamers to have an initial experience of the game. Players can then buy items to progress in the game as they contest.

    How you actually earn revenue from your application:

    As players buy virtual goods, you increase your revenue. There are methods for players to buy them. Either they pay via direct payment methods such as through PayPal accounts or by completing offers. In the latter, you integrate Offer platforms such as those from OfferpalMedia. Offer platforms display various offers to be completed in order to gain points or virtual goods in a game. It’s an alternative method of direct payment method known as Lead generation.

    The noteworthy fact here is that people really buy virtual goods for their enjoyment and fun and they are actually crazy about it. Fresh, Canny Entrepreneurs have utilized this fact to turn into brands. Douglas MacMillan has described the new hype as Runaway Success.

  • #2
    Re: How businesses can make money with the Web 2.0 technologies

    Hello

    CPM advertising networks behave pretty much as PPC networks, except that you get paid according to the number of impressions (i.e., page views) that the ads displayed on your site will generate. CPM stands for Cost per Mille, and it refers to the cost for 1,000 impressions.
    A blog that generates 100,000 page views monthly displaying an advertising banner with a $1 CPM, therefore, will earn $100 monthly.
    CPM rates vary with the network, the position of the ad and the format. The better the network, the higher the CPM rate (because they have access to more advertisers). The closer you put the ad to the top of the page, the higher the CPM. The bigger the format (in terms of pixels), the higher the CPM.

    Thanks for reading
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    • #3
      Re: How businesses can make money with the Web 2.0 technologies

      thank you for sharing your views on this

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      • #4
        Re: How businesses can make money with the Web 2.0 technologies

        Hello Friends.....

        The way to really make money with Web 2.0 is by selling applications that help individuals and businesses either save money, save time or become more profitable. People are prepared to pay real money for that kind of utility, and with the advent of DevPay, it’s now really easy for smart developers to collect those revenues.

        Thanks
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        • #5
          Re: How businesses can make money with the Web 2.0 technologies

          Businesses are getting online now and to make sure that they are in reach of users easily Web 2.0 technologies come of great help. They optimize your presence on the internet to help users reach you easily.
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