Harry Michel
Philadelphia, PA (USA)
Role(s):
Founder/Owner/Principal
Wash·LB
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Startup
Location:
Philadelphia
Industry:
Internet
Year Founded:
2014
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Liability Company
Description:
Eye-N-Vision has created a patentable social networking product and advertising system. This product/system allows Eye-N-Vision to monetize users on social networks such as Twitter, Facebook, YouTube and Angie’s List. The product/service is purchased online and works through a mobile app that makes social network users (individuals and businesses) information accessible and an eCommerce at a point-of-interaction without the burden of manual search or entry. The product/system is a tangible extension of social networks that reinforce, promote and provide a greater ROI on digital and social media advertising. We create partnerships and share revenue with established social networks with established users that serve as our users and consumers. The popular solution to monetizing social networks is a subscription model that charges users $1 monthly/annually to use a social networking application.
Value Proposition: Our product and system allows social networks to monetize their users at $4 per user without as them to pay for the service; for a network such as Twitter creating an $8 billion market.
The Situation: Industry analysts agree that many social networks have built winning combinations of online communities with e-commerce potential; companies billion dollar valuation rely on ad revenue solely.
The Problem: Social networking users do not take kindly to changes, so asking users to go from a free service to a paid subscription model in the name of user monetization is committing social networking suicide; a mass exodus of biblical proportions.
The Solution: A system and business process that does not ask user of the service to change their social networking behavior or expectation in order to use the social networking service.