I have an idea for a very niche social media site. I`ve done my research and homework. It`s an area I specialize in too. But how does one make money off of a social media site. I think it`s the niche small that it probably went get VC funding or purchased by anyone, honestly. But there is a need for this site.
Selling ads of course is one option. Any thing else?
Also, I`ve read that the best way to gauge whether or not you are reaching a big enough market is to check and see if there are any magazine in that niche on the stands. There aren`t, but my niche has been covered in the press a lot lately. Does this count?