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OhWell

01/16/12 3:04 PM

#14419 RE: Pennysaver9 #14418

Here's a thought....instead of allowing just businesses to do a private label site, allow any person as well. Sell the duplicated NSL site to any person or business for $100- $1000 initial set up charge then a recurring $10-$50/month hosting/service fee. Maybe give them a few options. They can choose to have all of the site's features or pick them a la cart for cheaper set up and recurring fees.

DROP the membership charge and the certificate bologna.

On top of that, they can up-sell other products and services to site owners like online marketing products, etc.

Now NSL makes money 3 main ways.

1) Initial set up fees and monthly hosting/service charges.
2) Rev share on all of the sales that take place on the many potential private label sites that they sell.
3) Up-selling items such as SEO, social media marketing tools, etc.

Now, this similar model has been done before if you remember the many Internet malls that were available mainly through multi level marketing companies in years past. It's not revolutionary and definitely not guaranteed to work because you still need to market this model to people which costs money. BUT this model would have a heck of a better chance at success than the previous one. Heck I bet most of you here would buy your own site from NSL.
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Russ49

01/16/12 3:41 PM

#14424 RE: Pennysaver9 #14418

It seems he's locked into this business model and won't change it. Too bad, it might have been a decent company.
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familyguy6

01/16/12 4:05 PM

#14429 RE: Pennysaver9 #14418

Penny, he might turn it into a social media site, where all the certificate holders can join together.