Fandalism: 400k users, but how to make money?
Philip Kaplan started musician social network Fandalism, and it took off. But what's next?
The question "pud" asks in his blog is, "I have 404,772 Users. Now What?" His solo project has over 400k users, but he has no idea for Fandalism's future direction. Fill up the site with ads? Sell space to ad networks, like the one he founded? (adBrite) Develop and sell premium features?
Kaplan spends about $2,500 per month on Fandalism, mostly hosting and traffic services, but he has the means to consider it just an expensive hobby. It's refreshing to hear from someone who built a social network of 404,772 users admit he has no clue about what to do next. Wonder how many other social networks faced the same problem? Luckily, Kaplan now has hundreds of suggestions.
Help the musicians
First, let fans/listeners pay musicians as much as they want, either for download or streaming (a-la Radiohead). Second, help musicians sell tickets to their concerts. Fandalism will take a small commission.
Sergei Burkov on pud.com
Help the community
Interest Based Social Network is Future...Although the Sun will be Facebook!
Pratap Das on techcrunch.com
You said 10% of the U.S population are music related. You have only acquired 1/60 of that number as your users. I believe once you acquire 10% of that 10% which is around 3 million, someone like google will buy you out just like youtube before.
Leon Nyuyen on pud.com
He can always fix "What Sucks About Fandalism," as he readily admits.