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Never abandon a Social Media account. Sell it instead

Discussion in 'Social Networking Sites' started by stephane05, Jan 21, 2017.

  1. stephane05

    stephane05 Registered Member

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    Occupation:
    Founder
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    Canada
    I have been involved e-commerce in some way or another since 2009 and one thing that I have learnt is that you are going to fail, fail, fail then fail and perhaps even fail again before you succeed. It's an endeavour of trial and error because there is no tried and tested way that will alway and continue to work. There are no free lunches. It's a competitive environment, so to succeed, you're always going to have to grow and evolve.

    The whole game is about asset management and your assets will continually change to become more and more productive if you want to be financially successful in any sub-niche of e-commerce. When this failure happens you have 2 options when it comes to your old projects; you can abandon properties and account or you can sell them when project either change or altogether fail.

    Good asset management tells me that you at least try to sell unused social media accounts ideally listing them at auction to monetize as efficiently as possible. Admittedly, I'm nudging you to the obvious conclusion that run social media accounts auctions (see signature), but it's inevitable that market mechanisms flourish to increase productivity in the industry. If you want to make money, you are going to have to manage your assets productively and efficiently. Ideally, assets should strengthen each other. It's amazing because I have abandoned some pretty decent accounts that could have served someone else, even if only for a couple bucks. It would have made both of us more productive, at least financially. I'd prefer not to work for free.

    There's the obvious issue of 3rd partie TOS and to that I say; would you prefer your market white, grey or black? This issue is only going to get solved if the market formalises enough to evolve. I'm trying to solve the issue; just this week we Iadded a "hide URL" function to auction listings so you can avoid getting flagged and banned by social media sites though I hold opposing opinion. I am from the thought that social media companies have much to gain from allowing the economy to flourish and evolve. Either way, it's a matter of time before it decentralizes anyways and you can't sue nothing.

    Anyhow, just wanted to share my 2 cents on managing web assets and making some money online.
    Thanks fr the read, Cheers
     
  2. Stevink

    Stevink Newbie

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    I saw your title and decided to click. Unfortunately, your message was a bit hard to follow. However, I totally agree with you that even if you do fail, there are tons of different avenues to take other than digging yourself a deeper grave.