How much money does Facebook make?

We all know Facebook is the biggest social network having almost equivalent number of users that would be the world's 4th largest country.


Recently, I saw a post on FB that was viraling that mentioned about Facebook no longer remaining free.


That compelled me to do a surface study on the kind of revenues that Facebook makes.


Facebook clocked revenues of $2 Billion in 2010 and will close 2011 at approx $4.27 Billion recording a CAGR of approx 103%


Below is split of their revenues:

If Facebook decided to start charging $10 per month per user to access the network, what do you think will happen?

Your first reaction is absolutely correct, the revenues from advertising and FB credits will go down by 40% making it approx $2.5 Billion (which is still a healthy growth as compared to last year).

Now the other part of the story.

$10 per month will make it $120 annually.

Facebook has 800 million active users. Now let's say 20% of the people decide to pay for it and use it.

That makes 160 million users pay $120 for using Facebook per year.

That will give a new revenue stream to Facebook making its revenue case look something like below.

A whooping $21 Billion, an annual growth in 4 figures.

This is hypothetical and Facebook is still free:

But it is always worth a thought ;)

Cheers!
Neelesh R Pednekar

Business Consultant - IdeasThatFailed

Build the personality of a CEO - 30 Steps

If you think being an entrepreneur is easy and glorious, think again!

It may so look to the world, but an entrepreneur has to go through a lot of ups and downs specially during the early phases of the venture.

These come in all shape and sizes, right from mental to monitory.

To be the entrepreneur, you need to think and behave like one.

I just thought of listing down 30 simple thoughts that can keep you focused, doesn't matter if you are an entrepreneur or not

Personality

1) Don't Compare

Don't compare yourself with others. You have no idea what their journey was all about.

2) Keep Negative thoughts away

Don't have negative thoughts of things you can't control. Infact, invest your energy in the positive present moment.

3) Don't Overdo, Keep your limits

4) Don't take yourself so seriously

No on else does

5) No Gossip

Don't waste dear energy on gossip

6) Dream more

while you are awake

7) Don't Envy

You may not have everything you want, but you have everything you need

8) Forget and forgive quickly

Forget issues of the past. Don't remind your partner of the issues that happened in the past. They can ruin your present and your companies future

9) Don't Hate

Life is too short to hate anyone, don't waste the time

10) Make Peace

with your past so that it does not spoil your present

11) Be Happy

No one is charge of it but you

12) Life is a school

and you are here to learn. Problems are like that part of the curriculum that appear and fade away like algebra  but the lessons you learn will last for a lifetime

13) Smile and Laugh more

14) Winning 

every argument is not necessary. Sometimes agree to disagree!

Community

15) Family and Friends

Speak to them more often

16) Give something good

to others each day 

17) Forgive

everyone for everything

18) Spend time

with people over the age of 70 and under the age of 6

19) Target

3 new people you need to make smile everyday

20) What others think about you

is none of your business

21) Your job is not

to take care of yourself when you are sick, your family and friends will.

22) Believe in God

and put him in front of everything you think, say or do.

23) The Almighty

will head everything

24) Do

the right things

25) No matter how good or bad the situation is

it will always change

26) No matter how you feel

get up, dress up and show up

27) The Best

is yet to come

28) Get rid

of everything that isn't useful, beautiful or joyful

29) When you awake

alive in the morning, thank God for it.

30) If you know God

you will always be happy, so be happy!

Helping Bring Out The Entrepreneur in You

"I want to be the next G.com or the next Y.com"

"There is no point living the life of a salaried, I want to have my own business"

"Itne pagar main yaha pe kuch nahi hoga, usse accha hai gaon jaake kuch paison ki jameen le lunga - kamse kam naam to hoga"

"Recession ke naam pe companies haat dho ke lee rahi hai"

"Did I slog out my education years to get an engineering / management degree and work for someone with target pressure?"

"After Tuesday even the work week says WTF!"

Last week I met around 20 people (colleagues and friends) who were pretty depressed with their jobs and above were the common statements I heard.

Every successful man has made these statements, but not all who do are successful. So where is the GAP?

Lets analyze.

Every day, I keep bumping into people who are not happy with the current, want to venture off, but are not sure of what to do and how to do.

I won't be stating any examples of successful businessmen here because you can Google their stories but I'll be helping you with the go-abouts.

Just follow a few simple steps:

1) Level 1 - Think not so deeply!

Think about what you want to do - a Vague thought!

Great!!! Awesome!!! Its come. I want to be a successful Entrepreneur or a Business Man.

2) Level 2 - Lets get to the tooth!

Cool! That was simple, Isn't it?

Now, think slightly further and deeper of what do you want to establish.

3) Level 3 - Ask not others, yourself!

Just ask the following questions to yourself -

What do I wish to do now, after 6 months, after a year (assuming everything works hypothetically)?

What do I wish to achieve by doing so?

Will this be short term or long term?

Do I have the expertise in this domain (its Okay even if "No" is the answer)?

and the most important question -

What do I have to loose if I go for it?

5) Level 5 - Keep shut!

Okay, now that you have the answer to your questions, Keep Shut! Don't let anyone know about your plans. Its not the risk of your ideas being stolen, its about you giving up on your plans after listening to negative feedback. So just keep happy but low, like exactly what you are doing now, you are so keen that you forgot I missed out on point no 4 - No I din't.

4) Level 4 - Give UP and Quit!

What do you give up? Negative thoughts, constructive feedback (as it will keep asking you to amend your plans), TWA - Time Wasting Associations, Useless conversations that eat up a lot of your time.

Okay, so far so good!

What next?

You can't do everything in one day. So do this exercise and I'll be back with my next blog post soon to show the way further.