From the Inside Flap
Online communities like MySpace and YouTube are shaking up the business world and helping millions of people come together to share information and interests. These social networking sites rely on user-generated content to bring together millions of people from around the globe. User-generated data eliminates the cost of goods sold, resulting in huge cash flow potential on very little up-front investment. But, until now, very few people or corporations have been able to tap into that moneymaking potential.
In Smart Start-Ups, entrepreneur and angel investor David Silver reveals how social networking will change the face of business and create thousands of new millionaires over the next decade. More important, he shows entrepreneurs and corporations how to tap into this powerful trend using visionary business plans to build social networks that will make millions.
Most social networking sites allow members to join for free, relying on Web advertising for revenue. But in the future, networking sites will connect members of niche groups with each other. From Trekkies to knitting aficionados, those with particular interests will pay for the ability to come together and collaborate. Future networking sites won't be built on advertising revenue, but will rely instead on subscriber-based fees, tip jars, kudos, and wireless carrier fees for their revenue sources.
Using case studies of companies you might not have heard of yetbut willSilver explains business plans and models for start-up online communities, showing how to produce value for members, attract more paying customers, and make it all work at a profit. You'll learn what's happening in social networking, who the major players are, and what makes them successful. Plus, you'll have all the tools you need to research, facilitate ideas, and develop a business model for your own profitable and unique social networking start-up. Plus, launching an online or mobile community is relatively inexpensiveas little as $300,000!
Online and mobile communities could represent the biggest area of economic growth and wealth creation in modern economic historybut only if smart entrepreneurs get in on the act and get serious about making them work. If you want to learn how to tap into the social and economic potential in this revolutionary new kind of business, Smart Start-Ups will show you the way.
From the Back Cover
Praise for Smart Start-Ups
"Silver's new book is a masterpiece of clarity concerning the next great entrepreneurial wave, and my only problem with it was the charley horse in my elbow I got turning the pages."
Robin Richards, founding President, MP3.com, and CEO, Notification Technologies Inc.
"Silver is a modern-day Prometheus. For community entrepreneurs, Smart Start-Ups contains the secrets of fire from the heavens. If you work with communities of any kind, you ignore this book at your own peril."
John Szeder, former senior game developer, Digital Chocolate, Inc., and CEO, Mofactor, Inc.
"Silver dives in and pulls the naked truth out of the world of online communities. There's nothing like it on the shelves. He speaks with the best and brightest in the mobile and online community markets."
Sean Malatesta, founder, Yack Media Services, and Vice President, Indiagames, Inc.
"Smart Start-Ups is a must-read for any aspiring Internet entrepreneur. Silver cuts right to the heart of the important fact that communities are like entire nations, but without geographic borders, and they're creating the greatest transformation since the Industrial Revolution."
Clarence Briggs, founder and CEO, AIT.com
"Silver's book is an excellent, captivating, ingenious, and essential read for anyone who wants to know how to create wealth by starting an online community. One mark of a great book is that it makes you see things in a new way; Silver certainly succeeds in that respect."
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Kyle E. Gillman, founder and CEO, Forgefinder, Inc.