Long-term focus idea - need YOUR comments
I keep trying to focus on a sustainable, long-term business model for this domain. I’ve been toying with an idea for the past week or so and I’d be very curious for YOUR comments.
Manage here, share/display anywhere. OK, the mission statement would need a little wok. But essentially, imagine a hub for bar owners where they could maintain all of their business details that they want to communicate to their customers. Of course, there would be the essentials like business hours, phone number and address. But the next generation bar manager will need more. They may have upcoming events, upcoming or regular drink specials, they may want to announce a new beer they have on tap, etc. If you put some thought into that, you’ll come up with all sorts of things a bar owner may want to keep customers up to date on.
So now imagine the typical bar owner trying to update this information on all type of areas of the web… there would be quite a bit of duplication. Her own web site, her facebook page, maybe a few tweets here and there, foursquare promotions, and so on. Why not help them manage all of that from one place… and where better then bar.com? This can all be achieved with a well conceived bar.com API (which your truly could build in his sleep).
At this point, keep in mind we’re talking about a long-term strategy here
Monetizing this would b very simple (and my personal favorite money model, which accounts for the majority of my personal income on other sites) - subscriptions. Bar owners pay a monthly subscription to be able to use all of our tools. Because all o the major social communication sites/tools have APIs, we can automatically handle postings to those places for our bar owners.
Now think along the lines of building a profitable company around this, instead of a “developed domain.” How many bar owners need a new website? Why not create a installable piece of server software that taps into their bar.com API and dynamically displays their website? So we could charge Joe’s Bar a very minimal fee for this software (and even install it for him on our cloud hosting platform). Joe’ paying a monthly fee for this service and things like that would keep him around for awhile. Hey, and maybe Joe even needs a domain name, but all the good ones are taken… why not register joes.bar.com?
I think you get the point. And the good news is that with the city portals the groundwork is already laid to begin this process. So I’m very curious (and feel free to be brutally honest) - what do YOU think?