Welcome to aaron chua make money blog

Hi, welcome to my blog. In this part of my world, I talked about how to achieve financial freedom by learning how to make money online through creating sites and earning from them.

Below are some current and past make money projects that details my learning journey.

My current experiment in making 50 amazon site niches. If you have not been following this challenge, best place to start is this resource page for the amazon challenge, that lists all the articles that I have written so far.

My experiment in making 1000 a month through adsense in 9 months.

If you came here looking for low cost startup ideas, here are 140 startup ideas that you can browse through.

Sunday, 28 December 2008

Startup Idea #110: Services to build up social capital

When I was blogging about the idea of using a Zemanta-like service to help independent creators (i.e. musican, authors et al), that idea came out from extending what Zemanta can do. However, given the recent thinking about the importance of social capital (thanks, Ethan!), I think the potential of this idea needs to be re-articulated.

Ethan said it best when he posts that:

Getting back to my point: it’s likely that, relative to financial capital, connections to nodes on the relevant [human] business networks will become comparatively much more valuable. Startups can create a lot of value with little financial capital, but they need to quickly and easily access social capital at partners, suppliers, complementors, competitors, and of course customers to win.

Hence, in this hyper connected new economy, making solid connections is going to be a strong competitive advantage. So, there is a need for better tools or software to help people, especially individual entrepreneurs or creatives, to create more social capital. This is where I think Zemanta can be very useful. For example, they know whose articles I have posted here. How then do they make it easy for to connect to these people. How can they alert the writer of the articles that their articles have been used? This simple form of notification is a start to building up relationships, and why I find service such as Disqus very useful.

I am beginning to see such servics emergencing. Mr Tweet is one cool example started by a friend. I think there are opportunities for many other such services:

  • Who is going to make it easier for me to connect to the RIGHT people? The current recommendation systems of Facebook, LinkedIn et al tells me to add people whom I have ALREADY known. I need systems to tell me who I SHOULD know. That does not mean I should immediately add that person to my contacts. It means I should start to check out his blog, his twitter, his tumblr, the event he is going to et al. Who is going to make it easier for me to do that?

  • Who is going to make it easier to enhance existing relationships? Once I am aware of a useful contact, how do I enhance my relationships with them. A simple scenario: why can't I have a dashboard that tracks all the person's writing and allows me to respond to that directly. Disqus currently aggregates what I have commented and what others have comments on my blog. I need something to tell what conversations I SHOULD have participated in to increase my social capital. I need a combination of a feeds reader + comment system.

  • Who is going to make it easier for me to make a physical connection? I think dopplr is a right direction but it has limited users. Is there something that taps the status updates from services like Facebook and alerts me when I have the opportunity to physically meet someone I should know?

I think these are just the beginnings of what can be done. Applying them to verticals such as independent musicians, book authors et al is going to be another rich area for providing real value. Anybody doing this already?

Startup Idea #93: Contextual recommendation for self publishers

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