Read “Platform Revolution, Chapter 6: Monetization,” and write a 400-word-summary to answer the following questions:
a. This chapter contains some top-level strategies for developing revenue models for websites. Note that in most cases, it involves charging for the value that the platform provides. While some sites can exist off advertising, most who try to do so fail; online advertising works primarily for giants like Facebook and Google; smaller sites can’t survive on ads alone, though advertising can always provide supplemental income.
With the pandemic, most education has moved online. For most users, this has proven to be disappointing (you can be honest).
Consequently, this has spawned a slew of education startups, all online. How can online education be more valuable? Are there alternatives to monetizing education other than tuition? What value does high tuition provide to both the school and the student?
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