How could you use the internet to make money? Sure the internet could allow us to create web and software for a number of different uses, ranging from major brands to massive internet infrastructure. But how could we use these products to make money?
But those are just different facets. There is still the question of how we are going to monetize these products and services and even more, which projects and features are going to become “successes” in that effort. When do we hit peak internet?
While trying to figure that out, there is also another question of how we can monetize our time. Of course, by now, we do have the idea of advertising content on news sites, but it is an issue where actual content is not the problem. The problem is what users actually read and how they see that content. But we do have to learn how that is going to work. What are our revenues going to be based on?
Monetizing the earned media
So yes, the internet is full of other ways of making money. But what are the chances that web products and services become free? All the while at the same time they evolve into a paid product service?
It is a question we should not ask about websites with limited revenue to the advertisers, but instead how on earth could it be that news sites make more money from advertisements and other vendors as consumers buy up more of those services, especially when the market is under pressure to be paying more for quality and coverage?
How exactly can websites and web products differentiate from their competition?
Ramping up to the next level
I am not promising you a guaranteed outcome to anyone, but now that we know just how much online are you truly a reader?
There may be a valid argument to advertise content and make it free because that will, at a certain point, make readers better. On a more absurd level, and one that is a real use of the internet to compare ourselves to other journalists. Because if you make a publication or individual writer popular on the internet, at some point, the remaining people will pay more for that content than they are in the real world. If not, the current method of trying to attract revenue by charging for it won’t work any longer.
So the question now is how are we going to incentivize these places to be of higher quality.
Where will we get that competitive advantage?
If the problem is that we have high-quality content that is not free to a fair degree, we could look at the way that analytics will improve SEO for sites. We could argue with writers, putting them in a position where they have to earn the revenue, generating more eyeballs for your products. So eventually, at some point, more people who purchased things online will spend more money on your products, therefore generating more revenue for yourself, either through bloggers or directly to the profit.
More people in some form of service will cause demand to reduce in the marketplace. And if you will only be successful by creating excellent products, then those services will be free to all. If the products that matter to you are free or only marginally expensive, you will have to either make your products more affordable or ensure you are attracting more potential consumers. So essentially, the more unique and good you are, the more people will want to have these things.
But at some point you might also have to take a seat as an executive in the product development department, changing the product and also reducing its demand. Changing the quality of your products so that consumers will prefer to buy good products that might bring back in more people. Because of the industry you are in, your services will be in the very first tier of your own self-interest. Then later, if the real world market is changing and will be in a highly competitive situation between your product and that of your competitors, then you might have to take a step back and try to understand the need to attract more potential consumers. In other words, you are both your own product and your competitors.
This puts you into a completely different playing field than where you are in the current landscape.
The commercial online market will open up.
As people become wealthier, people will start buying more internet products that had previously been available as startups, compared to their non-early results, every investor will look at.
Additionally, when people move into a high level of disposable income, as a similar phenomenon to a stable economic condition, people will no longer have the habits that were established from the present functioning economy. Instead, people will likely buy a lot of internet products, which meant they would become very competitive for much of the profit.
As everyone wants a medium of exchange, prices in the space are likely to reduce. Also, people might even decide to expand their own content services. This means companies like Amazon will eat their lunch if they don’t know how to compete in a new mode.
But this is also part of the beauty of the industry