Q7: SHOW ME THE MONEY! Date : 14th June, 2009
OK, next up is Lou Ann Ephraim (363419) who wanted some clarification on the earning potential from me2everyone, especially considering that we have not yet formally launched.
It’s a good question but as our Finance Director David Lewis points out me2everyone is first and foremost a social network where an estimated 90% of our members will be content to use our services and earn money from their shares in me2everyone.
We are planning a more complete set of answers to the whole “how do I make money with me2everyone” question, but for now Lou Ann you are correct in that me2everyone is a new medium for advertisers. However there will be chances for members to make additional income from a variety of different avenues on me2everyone.
Later this summer we launch the “Market Place” – part of the website where buyers and sellers can come together and trade. Now this could be private sales of your unwanted items or sales from your own shop or business. You may be selling a service and so long as it does not break our registration policy then this is another way to make money.
But the Market Place has another feature. If a member recommends someone who buys or sells something in the Market Place, they receive a small commission! Oh and something else to think about – the fees for using the Market Place are going to be a lot lower than what many people are used to using other similar services.
me2everyone forecast that 5.4% of all our members will be Business Members – companies, partnerships and sole traders who want to use me2everyone as a medium to promote their own products and services. There’s a role and a commission for every member who recommends prospective Business Members. Another way to earn some money!
You could also refer a Business Member who has a great idea (perhaps an invention) and me2everyone helps develop and launch that idea. Perhaps we have to exclusive marketing rights. Well guess what? You would get a small commission off every sale that entrepreneur makes via me2everyone.
We are also going to form a global sales team for me2everyone. First there’s the selling of Business Memberships, but then there’s also the prospect of helping a Business Member to achieve more sales. There are also other sales opportunities being developed for products in the me2everyone pipeline. Initial forecasts are that me2everyone will seek a 10,000 strong sales force across the coming 2 years.
Perhaps you don’t want a business. Perhaps you are content to use our services and make money from your shares. Well me2everyone still wants to improve your life by negotiating special discounts with all our advertisers. So you use their services or buy the products and you will save money just for being a me2everyone member. We’re going a bit further too – but see the next news article “PLASTIC FUTURE”
Finally there is the launch of Customer Care Manager – 70,000 independent businesses that help support our members answering feedback, questions or suggestions. Customer Care Managers are also our local voice, passing information from me2everyone in a more personal way. They will assist in helping members who wish to recommend friends or prospective Business Members. All with respect to local customs and in a language their members will understand. The income potential is attractive – building to USD $20,000 – but more news will come later on this.
OK – one more story to come and then it’s time to look forward to tomorrow evening.
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