Monetizing Social Networks by David Silver – More Entrepreneurial Ideas to Build a Social Network
August 18, 2011 in Book Reviews
Books on Social Networking and Build a Social Network – Entrepreneurial Ideas for Business and Entrepreneurs.
Hi Sam here,
The next book that I read after enjoying David Silver’s The Social Networking Business Plan, – 18 revenue channels
that will create great wealth, was his latest of books on social networking, Monetizing Social Networks. Here David presents to us a further 45 revenue channels that will inspire you in business and entrepreneurship. It will delve more into Social impact games, mobile applications and more entrepreneurial ideas. He will talk about how to be an entrepreneur seeking venture capital and what he himself as an Angel capital investor looks for.
Some points from Monetizing Social Networks by David Silver that will help with your Entrepreneurial ideas.
- The Formula that he uses as an Angel investor to assess business opportunities.
- Knowing which start ups will succeed
- Why social games and mobile applications
- Start up budgets for many entrepreneurial ideas (great for if you haven’t an idea of the cost to build a social network)
- Business models for many types of social networks and how they Monetize
- Selecting a vertical market (Specific industries)
- Funding requirements for your entrepreneurial ideas
- Questions to ask yourself and your start-up team mates
- Questions to have answered when raising venture capital
Monetizing social networks is an enjoyable read and great for entrepreneurs looking to expand their knowledge and capitalise on new forms of social networks such as social games and mobile applications together with their social networks, and how to provide value for industries today, and most of all, how to generate revenue while doing it.
David brings light to what he calls the Exuberant Inexperienced Entrepreneur. These people will be the people who will sail these boats. In a way David is calling on people with great heart and drive to make it happen. Who doesn’t want a sweep of the next big things? No matter what level of your business and entrepreneurship, David guides us to having the right mindset. Together with the right idea, we can be the creators of these money making machines. It has truly helped me in preparing my business plan and set the structure of my social network in the right direction. So I recommend this reading.