Facebook’s Crappy Business Model

Not sure who came up with Facebook’s horrible ‘Lets Exploit Our Users’ Business model. Mark Zuckerberg? The VC’s and investors?

Here is my question. Would you pay $3 month for a website that allowed you to interact with all your friends and family, sharing info, events, photos etc? If the network was locked down? If your privacy is #1? If no Brands could advertise to you? And if you knew the network was going to invest in making real conversations possible (vs short comment streams with no cohesion).

Forget Brands. Forget Advertising. Forget real time web where all your posts get shown on Google.

This business model would generate $7.2 billion in revenue immediately if you had 200 million subscribers. This would rank the network 314 on this years Fortune 500. It would generate probably 4x the profits if not more than Facebook currently is bringing in and piss off ZERO people, politicians, etc.

Would you pay $3 month? I would. And if you paid some money and invested in your own profile and network would you jump ship as fast as you are going to the moment a better network pops up? Or as Joseph Jaffe likes to say ‘The next shiny bright new object’?

About chiefalien

Howie Goldfarb with 20 years of Sales and Marketing experience founded Blue Star Strategic Marketing in central Vermont to serve as the objective and strategic adviser of brands to help them grow and thrive. His Degree in Finance and 14 years of B2B sales to Fortune 500 companies gives him a CFO’s view of marketing. Thus bringing a dose of reality to the confusing world of jargon, spin, and hype. Also playfully known as the Chief Alien of Blue Star Strategic, Howie relishes his role as an industry outsider. A native New Yorker and former Angelino, he currently lives in the Green Mountains of Vermont and is still seeking his first moose sighting. His passions are living life, art, music, the outdoors, he tries to cook and loves the Vermont Fresh Network – local sustainability initiatives like farm to table and buying local.
This entry was posted in business models, Facebook, social media, social networks. Bookmark the permalink.

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