Do we even need to ask how Facebook is making money?

Do we even need to ask how Facebook is making money?

With Google+ ramping up (and in some cases recently, ramping down) in its battle against Facebook, many are looking at the revenue models to determine who will eventually be the winner. The goals for both are the same in essence but the way they make money is very different.

Google’s goal is to create the central point through which business, particularly local products and trust-factor services, is done. They want individuals to reach businesses through their conglomeration of services and they want businesses to reach the people through the same. It’s a combination of connections and discovery that, if done right, could make the $25 billion per year Adwords product seem small in comparison once it’s integrated completely with the various solutions.

Facebook, on the other hand, has a much simpler view on things:

How Facebook Makes Money
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THE AUTHOR
Rocco Penn

As Executive Director in charge of Facebook Marketing, Rocco has extensive understanding of the interactions and engagement necessary to be successful in Web 2.0. He lives in Orlando, FL, and works with businesses across the east coast to help them succeed in marketing and social media strategy, particularly car dealer marketing. Follow him @SocialPros.

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2 Comments »

 
#1
How To Make Money
October 14th, 2011 at 9:10 pm

Yes there is a lot of money to be made with Facebook..you just need the right strategy.

 
 
#2
Barbra Brown
November 26th, 2011 at 5:27 pm

I pride my self on finding the most qualified , best websites and most profitable programs for making money online and have enjoyed the knowledge that your article has given us . Thank You. 

 

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