The official Yuwie press release just went out today and it's pretty clear now why there's so much excitement going around regarding Yuwie, the free social network that actually pays you for using it!.
Here's an excerpt from the press release.
Yuwie Press Release
Norma, Okla. (PRWEB) December 3, 2007 -- Yuwie.com, one of the Internet’s newest social networking sites, today announced the details behind their innovative and highly successful new online business model.
“MySpace and Facebook have already proven how business can make money from the efforts of end-users,” said Korry Rogers, founder and CEO of Yuwie. “Yuwie is proving that both businesses and end-users can finally share the $100 million per month advertising revenue that floods into the social networking market today.”
Rogers explains that Yuwie’s business model is based upon two core tenants: 1) End-user participation is free – no sign-up fees or subscription fees are required, and 2) Yuwie currently distributes well over half of the site’s advertising revenue back to participating end-users. Not only are Yuwie’s end-users paid for the traffic generated for their own personal page, but also for the traffic generated by friends they refer to the site, in addition to traffic generated from their friends’ subsequent referrals (for up to ten (10) layers or generations of personal referrals).
"The revenue potential for end-users is striking and very exciting once you start to run the numbers;” explained Rogers. "If someone only refers three of their friends, who refer three of their friends through ten levels, that one person will ultimately collect a percentage of advertising revenues from about 88,000 end-users, which can translate to about $8,800 per month for that person – every month."
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