sufac.com

I’ve been reading David Silver’s new book – Smart Start Ups - and he has some great ideas. He believes that the next fortunes will be made building online or mobile communites and I have to agree with him. One of his ideas is an online grammys.

Basically the business would entail building a community of music lovers who would vote on songs by “tipping them.” A maximum of $10 to keep out the wealthy people who want to promote music and then 70% of the revenues would go to the artist and the remaining 30% to the business.

I think this is an interesting business model because of what you could do with it. You could sell music on the site, have video interviews and once a year have a blow out show with awards being handed out. It’s a great idea because of the passion people have for music, the only question would be how many people would actually give tips to place a vote.

Nonetheless it’s an interesting online business model that doesn’t use ads as the main source of revenue. I’d say someone should start something like this and quick. For more ideas and online/mobile community business models check out his book.

-Craig Sharkton