1 year, 6 months ago
via flickranswers.com
What costs are involved with Flickr?
Where can I find associated costs for storing photographs online with Flickr? How does Flickr make money if online photo storage is free? Where can I find the financials for Flickr?
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M$1 Answer
Looking for the financials for Flickr? Other than the basic facts and stats of how many users they have and how many photos they host, you're not likely to get anything else. But the core question is a curiosity for sure.
With 200 million pics on the site, that's a good question. How does Flickr make money. Sure got me thinking and digging around and know what I found out? It doesn't. So how does a business with 4 million customers and no money stick around?
Like the rest of the social networking sites, to get people to stop by, they give everything away for free. No plan to make a buck. Just marketing to get attention. Remember in "The Social Network" when the founder doesn't care a bit about making money. He just wants to retain the cool factor. It's not the making of money that's the issue. It's the conquering of culture. So it seems to be with Flickr. Launch the site, gather a crowd, then figure out what to do about making money.
The founders of Flickr (Caterina Fake and Stewart Butterfield) are happy, because they've been bought by Yahoo, but still, with that behind them, they're not turning a profit.
The sale of advertisements doesn't make much of an impact in the bottom line for Flickr. So the big way Flickr is making any money at all is by selling Premium Subscriptions (Pro Accounts). For $24.95 per year, they allow you get...
Unlimited uploads and storage
Unlimited sets and collections
Access to your original files
Stats on your account
Ad-free browsing and sharing
HD playback for high-definition video uploads
Super cool photo book
As long as there are other free photo sharing sites online like Photobucket, they won't be able to charge a fee for their service without risking a huge migration of their crowd.
Check out the links below for more information. There's even a link that tells you seven ways YOU can make money on Flickr. No kidding.
With 200 million pics on the site, that's a good question. How does Flickr make money. Sure got me thinking and digging around and know what I found out? It doesn't. So how does a business with 4 million customers and no money stick around?
Like the rest of the social networking sites, to get people to stop by, they give everything away for free. No plan to make a buck. Just marketing to get attention. Remember in "The Social Network" when the founder doesn't care a bit about making money. He just wants to retain the cool factor. It's not the making of money that's the issue. It's the conquering of culture. So it seems to be with Flickr. Launch the site, gather a crowd, then figure out what to do about making money.
The founders of Flickr (Caterina Fake and Stewart Butterfield) are happy, because they've been bought by Yahoo, but still, with that behind them, they're not turning a profit.
The sale of advertisements doesn't make much of an impact in the bottom line for Flickr. So the big way Flickr is making any money at all is by selling Premium Subscriptions (Pro Accounts). For $24.95 per year, they allow you get...
Unlimited uploads and storage
Unlimited sets and collections
Access to your original files
Stats on your account
Ad-free browsing and sharing
HD playback for high-definition video uploads
Super cool photo book
As long as there are other free photo sharing sites online like Photobucket, they won't be able to charge a fee for their service without risking a huge migration of their crowd.
Check out the links below for more information. There's even a link that tells you seven ways YOU can make money on Flickr. No kidding.
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
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