Tag Archives: monetizing

Midterm Thoughts

19 Oct

The semester is almost halfway over. Personally, I’m shocked by how fast it’s gone by so far. With the first draft of my formal business plan due about a month from now, I’m focusing in on figuring out the rest of my site idea. The major issue is still monetizing it, given that I haven’t figured out a fool proof method as of now. More rambling on the subject after the jump:

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Making Money

2 Oct

Our proposals were due yesterday, and now I’m beginning to develop my initial idea. Hooray!? We’ll see how things progress. One of the things that we talked about in class yesterday is somewhat of a no brainer (but nevertheless important): monetizing your business. Yes, you might have a good idea, but can you actually rake in profit from it? There are, of course, many ways that one can go about doing this, but most of them aren’t really all that reliable. Ads? Why sure, but who is going to click on them? Contests/Deals? Kay, but where is that money going to come from? Partnerships? Alright, but that costs money too. It’s all very stressful to think about. To really make a profitable business, clearly I have to think at a higher level than that, something I’ll be doing in the coming weeks with the help of my classmates and professor. Results to be posted here, for sure!

Otherwise, there’s not much for me to report at the moment, but I’ll include the links to the blogs my fellow classmates are running after the jump, so you can check them out if you want (and we can drive traffic to and from each other’s sites).

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