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Tuesday, August 12, 2008

Social Networking and Business

Social Networking is having the power to create online communities that can leverage the collective buying power over time. It is indeed interesting to study the Business and Revenue Models that will thus develop.
A First-Level Practice is the Activity-Reward Model where every activity on the Network begets the user with reward points. These may translate into cash or dicounted services from the portal.
In course of time, we can expect secondary and tertiary Models to develop that may benefit the individual, the community as a whole, or localized groups with common profile attributes.

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