http://mentaway.com
Would love your feedback on the idea and its direction.
Thanks!
Other than that, who are your major competitors? I know I've seen a ton of people use travel apps on facebook, but I don't think any aggregate all of their social feeds.
Have you considered a demo for someone who wants to tour the service before joining?
Inside Facebook we have 2. TripAdvisor and Where I've been. Both of them require you to manually add your places on the map which is little bit different than Mentaway where everything is automatic.
Assume an eCPM of $8 (I think that is good performance, but still a "safe" number to work from). For perspective, I write about personal finance and tend to get a few more dollars than that.
Work backwards from there.
To make $100,000, at an eCPM of $8, you will need: 12,500 thousand impressions, OR 12,500,000 impressions. If each visitor has 10 pageviews, you need 1,250,000 visits. So, each month, you need to get 104,167 visitors.
Of that $100,000, how much goes towards costs?
Just a thought exercise!
How are you going to attract visitors?
That said, you've already made it this far which is a great firs step. Good luck.
To make a million/year, you now need more than a million visitors a month.
Ad based models (solely) are tough.
My only piece of feedback would be about the name. When I first read the title of this post, I thought your company was a mentoring service.
TripAdvisor and Where I've Been certainly sound like travel apps.
We plan to make money selling Ads initially.