Digital Consultancy, Online Marketing from iON

Top

Results Driven Experience

  • Home
  • About
  • Services
  • Clients
  • News
  • Events
  • Blog
  • Contact
  • Blog categories »
  • Advertising »
  • Business Startup Ideas »
  • Email Marketing »
  • iONTube »
  • Marketing »
  • Mobile »
  • Online Marketing »
  • Online PR »
  • Permission Marketing »
  • SEO »
  • Social Media »
  • Websites »

New Internet Revenue Models

by Niall McKeown on 24.02.2010

Lee Munroe is a web designer in every sense of the word. He understands that the customer experience online is more than the prettiness of the website. He designs and builds web tools that connect like minded people that share similar passions and allow them to amplify their collective voice and opinions. He follows less than 300 people on Twitter yet more than 4000 follow him. He is a web leader.

In Lee’s spare time he has constructed a website called lookaly.com, a Northern Ireland centric ‘rate your experience’ website. It’s similar to TripAdvisor but region specific, not industry specific. The site facilitates user contributed content and allows customers of businesses to rate their experience. The businesses that are lucky enough to be rated can use the site to get honest and hard truths about their business and engage with customers that were moved enough to post a comment.

At a recent conference Lee was asked, “How do you intend to monetise the site?”. Lee paused for a moment and looked mildly puzzled, almost as if he didn’t understand the question. His response was “I am not a business man, I built lookaly.com because I am passionate about building great customer experiences online”. The crowd looked puzzled. Lee was then asked by a different attendee “Lee if I wanted you to design stuff for me could you?”. Lee smiled and said, “I’m really sorry, but I am so backed up with work it would be at least 6 months before I could take on any new projects”.

Lee graduated one and a half years ago from university as a freelance web designer among thousands of freelance web designers. What makes Lee different is that he has more commercial work offers than he can deal with primarily because of his reputation from building lookaly.com and donating it to the world.

I do lots of presenting to hundreds of people every month regarding online marketing. I share my experiences with as many people as are willing to listen. Sometimes, I am lucky and a wealthy organisation understands that 13 years of experience can’t be replicated in a 30 minute presentation and they ask me to come in and help them change their business or charity.

Others take my ideas and implement them into their business themselves. I am flattered either way and I know that those that do it themselves were never likely to be customers but always likely to be advocates ensuring that my business, like Lee’s business, has an endless supply of those willing to
pay for expertise.

The new web economy doesn’t always support revenue streams via the normal channels of subscription, advertising or payment for news, information or services rendered. This model of gaining revenues from the few and giving the masses the service for free is now becoming the norm. As counter intuitive as it may seem the new internet revenue model favours those that bring gifts not those that charge for them.

 


lee New Internet Revenue Models

Lee's Gift Leads to Profits

4 Responses to “New Internet Revenue Models”

  1. Lee Munroe says:
    25.February.2010 at 3:20 pm

    Thanks very much for the writeup. Glad the talk left a good impression :)

  2. Jordan McClements says:
    1.March.2010 at 3:20 pm

    I seem to always be in an alternative presentation every time Lee gives a talk!

    Lookaly is certainly an impressive web site – so good luck with that one Lee, and roll the offers of suitcases of cash from people we have not actively sought out as clients (it has even happened to me – so it can happen to anyone :-)

  3. Jordan McClements says:
    1.March.2010 at 3:21 pm

    Sorry – ‘roll on the offers’ (and OK ‘suitcases’ is exaggerating slightly:-)

  4. George Munroe says:
    19.March.2010 at 3:21 pm

    You hit the nail bang on the head with this one Niall :-)

    Going to use this example in a workshop if you don’t mind. It’s good to talk about and promote people you know well…

Leave a Reply

Click here to cancel reply.

Fields marked with * are mandatory.





CAPTCHA Image
Refresh Image
*


Recent Posts

  • Digital Marketing Is Still Marketing »
  • ‘Simple’ Sells Better Online »
  • Storytellers Should Lead Next Generation Search Engine Optimisation »
  • The Customer Isn’t Always Right »
  • Trappings vs. Substance in Digital Marketing »
  • Blame the Web, not Rates on Retail Decline »
  • Why Some Irish Tech Businesses Grow and Others Don’t »
  • Why Do Small Businesses Make Big YouTube Videos? »
  • Top 5 Reasons Why We Fail to Use Analytics Wisely »
  • You’re Sitting on a Goldmine of Sales Leads »

Archives

  • May 2012 »
  • April 2012 »
  • March 2012 »
  • February 2012 »
  • January 2012 »
  • December 2011 »
  • November 2011 »
  • October 2011 »
  • September 2011 »
  • August 2011 »
  • July 2011 »
  • June 2011 »
  • May 2011 »
  • April 2011 »
  • March 2011 »
  • February 2011 »
  • January 2011 »
  • December 2010 »
  • November 2010 »
  • October 2010 »
  • September 2010 »
  • August 2010 »
  • July 2010 »
  • June 2010 »
  • May 2010 »
  • April 2010 »
  • March 2010 »
  • February 2010 »
  • January 2010 »
  • December 2009 »
  • November 2009 »
  • October 2009 »
  • September 2009 »
  • August 2009 »
  • July 2009 »
  • June 2009 »
  • May 2009 »
  • March 2009 »
  • February 2009 »
  • January 2009 »
  • December 2008 »
  • November 2008 »
Sign-up for our Blog Digest
* Denotes mandatory field
iON Results Driven Intelligence © 2012
Sitemap | Privacy Policy | Like us on Facebook