So i was doing some research online for the latest e-marketing news and found this. This week the battle is between Digg and America. Digg is a website initiated by a 20 year old kid. The purpose of Digg is to allow its users to vote for news so the stories can raise to the top. Different sources estimated that the founder made $60 million dollars in the first 18 months of the website's life. You might be wondering... WOW i should really start a website right about now! The article reported that the kid did not make $60 million but that is what the website was worth in shares. Also, that amount of money was not referring to revenue but to estimated value in terms of visitors or audience. The article goes on to report that Digg makes about $15 million a year and is still operating at a loss. As we have seen in the past, it is not enough to have a great idea but you also need a business plan to actually bank of your mind. What do you think are some ideas of how to keep Digg afloat? The website is quickly loosing its momentum... What are they lacking? Did you know about Digg before reading this? I sure didn't but I am going to check it out and you can too by clicking here: DiggSunday, October 24, 2010
Ding Ding Digg
So i was doing some research online for the latest e-marketing news and found this. This week the battle is between Digg and America. Digg is a website initiated by a 20 year old kid. The purpose of Digg is to allow its users to vote for news so the stories can raise to the top. Different sources estimated that the founder made $60 million dollars in the first 18 months of the website's life. You might be wondering... WOW i should really start a website right about now! The article reported that the kid did not make $60 million but that is what the website was worth in shares. Also, that amount of money was not referring to revenue but to estimated value in terms of visitors or audience. The article goes on to report that Digg makes about $15 million a year and is still operating at a loss. As we have seen in the past, it is not enough to have a great idea but you also need a business plan to actually bank of your mind. What do you think are some ideas of how to keep Digg afloat? The website is quickly loosing its momentum... What are they lacking? Did you know about Digg before reading this? I sure didn't but I am going to check it out and you can too by clicking here: Digg
Subscribe to:
Post Comments (Atom)
That's interesting, never heard of it. That was a really good idea behind the website, I find myself contemplating why some stories make it to top news and some stay behind all the time. I would appreciate the chance to voice my opinion. :]
ReplyDeleteYou are right! I did not heard about this until I read your blog. This sounds like a great idea but they are probably not promoting the website properly. Some ideas could be maybe create a campaign on Social Media, which is where most young people spend most of their time these days. Another idea to promote the website could be Public Relations, pitch a story about the website an try to take it national. I always wonder why don't I have one of these ideas to become a millionaire soon. Great posting!
ReplyDelete