I am the woolrus
Twitter Co-Founder Biz Stone To Facebook: Start a Premium Subscription Service - SlashdotTwitter co-founder Biz Stone today decided to offer some business advice for Facebook: launch a premium subscription service. For $10 a month, Stone figures the company could get rid of ads on its site for those willing to pay to go 'premium.' He says in part: ' Anywhoo, now that I’m using it and thinking about it, I’ve got an idea for Facebook. They could offer Facebook Premium. For $10 a month, people who really love Facebook (and can afford it), could see no ads. Maybe some special features too. If 10% percent of Facebook signed up, that’s $1B a month in revenue. Not too shabby. It’s a different type of company, but by way of validation, have a look at Pandora’s 1Q14 financial results. Of all Pandora’s revenue generators, the highest growth year-over-year by far (114% growth rate) is in subscriptions—people paying a monthly fee for an ad-free experience...
So I'm sure there are lots of people on GF who use facebook, but could you ever envisage yourself paying the extra $10 a month to access an ad-free experience of the website? maybe with a few extras thrown in? What sort of extra bonuses would you want to see that might make you hand over the cash?
Personally I'd never pay for facebook no matter what extra bonuses they offer. I try and use facebook less and less, but I keep my account purely because none of the other social networking sites are popular among my friends so facebook still is incredibly useful for contacting people or organisin stuff.
I definitely think it's something facebook should do though. I'm sure there are a lot of people who would pay the monthly fee and it could bring in huge revenue. I can't imagine it putting many people off the site either, as long as facebook emphasise that you still get he regular facebook experience as you always did if you choose not to subscribe.