How does FANBOX make
money?
With the launch of Knowledge Investor –
which is generating a lot of profits for FanBox users (Investors, Advertisers,
Bloggers) -- one of the questions coming up is:
“How does FanBox make profits for itself?”
The answer is:
FanBox does not make a profit… yet.
But how can a company continue to operate without making
profits?
It happens every day.
Companies ALL start out by spending more money than they bring
in -- in order to build out the products, services, marketing and
infrastructure that they need to serve their customers.
Did you know that Facebook raised USD $2.8 Billion from outside
investors over the last 5 years?
Facebook did so – and operated at a loss
(making no profits) for years.
In a similar manner, FanBox has been very focused on building
its products and services – instead of focused on
generating profits in the short-term.
It might also interest you to know that (in order to be able to
focus single-mindedly on its mission of helping Knowledge Workers succeed) over
the course of its history, FanBox has deliberately rejected each and every
offer from investors that has come its way.
FanBox has rejected outside investment in order to not be
influenced by investors who would naturally push the company to make more
profits more quickly.
This strategy has allowed it to focus instead on generating
profits for FanBox community members.
In order to stay alive, FanBox has generated nearly USD $200M in
retail revenues from the sale of digital goods in partnership with mobile
carriers around the world. This revenue has allowed it to stay focused on its
customers instead of its investors.
Indeed, while Facebook has raised billions to “allow its
investors and employees to cash out” (read article), FanBox has been busy
building its community and products around the idea of allowing its customers
to cash out.
So while FanBox is not currently making a profit from its
operations, it very much believes that building a profitable business model is
an important part of ensuring that it will always be there for customers in the
long term.
Towards that, in the future, FanBox plans on generating revenues
from outside advertising, along with small fees generating by enabling
community members to sell premium content (such premium blogs, applications,
music, movies and digital content), goods and services to each other.
For now, the FanBox business plan calls for helping community
members build their skills and confidence via a number of different types of
knowledge work… and if that requires FanBox to run for some time without making
profits, it is completely satisfied with doing that.
------------------------
Question:
In the future, when FanBox launches new revenue streams, does
that mean that you can earn more – or less -- on
FanBox?
Answer:
New revenue streams for FanBox means more opportunities for
FanBox members to earn – and earn more.
Would YOU like to help FanBox succeed?
Question:
What’s best thing that YOU can do to help FanBox become very
profitable and a huge success?
Answer:
Become a big success yourself!
Look, FanBox’s mission is to help you succeed.
By focusing on becoming a big success on FanBox, you are doing
the very best thing that you can do, to help FanBox succeed.
As you succeed, you will be leading by example –
paving the way for others to follow in your footsteps.
Just take a look at Arlene – who within the
next few hours will become the Worldwide number one, all-time earner on FanBox.
Arlene started on FanBox a few years ago, and waited patiently
while products were built, and services went live, and bugs were eliminated,
and products revised and improved, and so on and so forth.
By figuring out how to succeed despite the product, community,
mental and other roadblocks in her way, she paved the way for others to
succeed.
(Indeed, along the way, she has been quick to give pointers to
others, so that they could benefit from her patience, trials and tribulations
too).
As a result of her success, hundreds of thousands of others have
become inspired to take action, set goals and work towards their own success.
Here's the thing: You can have the same –
or even greater – impact on the success of the community than Arlene has had!
(Remember that your success can now happen faster and you can be
more influential than Arlene was, because when she started out she didn’t have
the tools, capabilities and community that you now have at your disposal).
So, the very best thing that you can do to help FanBox succeed
is to get out of bed every day, focus your mind on the positive, set and review
your goals -- and execute on your own success plan.
FanBox can ONLY succeed when you do.
