November 11, 2008
Wow, Internet is for earning money!
Take a seat: The golden online future is waiting!
Xing published it's 3rd quarter results yesterday, and this was interesting! We knew they were successful, but WOW they make really good money. And: Paid Content is back! The Web 2.0 platform has 6,5 million Users, they have 110 million direct conections between them. So every Xing-users knows 17 other users. Nice. But: Half a million Users are ready to pay 6 € / month to use the additional contact-features like, yes, what? EMAIL! Xing earned 20 million € in the 3 quarters with these premium users. And "small" 5 million € with advertising. So: There is a golden online future with Paid Content Zones!
The earning margin of 20 % is a nice for media companies in times of turmoil.
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