10 Ways To Make Money with Web 2.0

by cyrus on Sep 4

Web 2.0 used to be a “cool” keyword to throw around a few years ago. But after a few years of seeing waves of Web 2.0 companies come and go, the concept is not too fresh anymore. But that hasn’t stopped companies (big or small) from making money with Web 2.0. The fact is, the industry is still growing, so you are going to have your chances to make money online from Web 2.0 one way or another. There are plenty of people who want to get started with their blog or start their own Wiki, which means they are going to have their needs and wants. So as a business, you are going to have the opportunity to come up with products that address your prospects’ needs and help you take your business to the next level.

There are plenty of ways to speculate how you can make money with Web 2.0, but let’s take a look at how people are doing it today:

  1. Unique Service: create a unique service that people want to use everyday. Take Twitter for instance. Do I think its founders knew they would get to where they are today? Not really. But they did identify some need and hit it right on the nail. They may have gotten lucky, but that’s what you need to make it big like they have.
  2. Social Apps: there are plenty of social networking sites around, and some of them allow you to develop your own apps. Developing a Facebook or iPhone app can go a long way towards bagging your company a lot of revenue.
  3. Mashups: mashups have been around for years now. But many have managed to build a business around popular sites such as Twitter or Facebook by developing mashups that provide value to their visitors. If you are innovative and like to think outside the box, opportunities are limitless here.
  4. Themes: many people are now starting to blog to make money or discuss their passions with the world. That means they are going to need a theme that they can use to customize their blog and give it a unique look and feel without breaking the bank. Here is where you come in (see Thesis).
  5. Membership sites: membership sites are on the rise at this post. If you can create a membership site that provides value to your customers on a consistent basis while allowing you to work on your other projects (through automation), you can earn a decent amount of money in the process (example).
  6. Training Videos/Courses: creating a training course for people who want to get started with Twitter or want to get the best out of Facebook is yet another way to make money from Web 2.0 services without taking on too much risk.
  7. Add-on Services: providing people with a way to create cool backgrounds for Twitter or build a business card with their social media information online are some practices that have paid off online already. There are plenty of other ways to take advantage of this approach. You just have to identify the need and get your service in front of your prospects.
  8. Social Media Management: guess what? Big corporations are also interested in taking advantage of getting their feet wet in the field of social media. And they are going to need you help, if you can convince them you can get the job done. If you are particularly good at throwing Facebook or Twitter campaigns, your service is going to be in demand. Be a guru and the sky’s the limit.
  9. Social Media Automation: not everyone can handle the load that social media puts on their business. That’s where you can come in and take over the process by helping them automate the process. Socialoomph is a great example here.
  10. Coverage: if you are into blogging and can cover Web 2.0 and other technology events like no one else, then you can make money with your blog too. Pro blogging is not easy, but if you are passionate about it, you can make it work.

There are other ways that you can use Web 2.0 to take your business to the next level. Making money online with Web 2.0 is a science and art at this point. If you find that sweet spot and address a need in a unique way, there is no reason you can’t make money online with Web 2.0 services.


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