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Thread: What could be the right business model for a FREE data marketplace?

  1. #1
    Iron Member Contributor Level 2
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    Jun 2021
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    What could be the right business model for a FREE data marketplace?

    We have a baby business that we want to transform into a grand website of datasets offered FREE to users.

    Users will also be able to upload and publish their own datasets that can be viewed, searched, diagramed, forked, or pipelined on the website. They can talk and comment on each other's datasets, create something off them and share with the community, just like a GitHub of datasets.

    The problem with datasets is that they take up tremendous amount of spaces and are pretty expensive to be set up for queries and searches that consume quite some computing resources.

    How can we:

    1. Motivate people to share their datasets
    2. Make it profitable to open up the datasets FREE

    Or is it financially impossible?

    My ideas thus far:

    1. Don't make it zero FREE but nearly FREE with a very cheap access fee for each dataset, in the range of $10 - $50 which will be used to cover infrastructure cost AND to pay to the uploader for motivation.
    2. Browsing the data is FREE on-site but charge for exporting and downloading to a certain format, OR for pipelining to another application such as WordPress to create a website off the dataset, OR for other tools of data analysis or data search engines.

    So owner sets a rate per row, and buyers pay a download fee every time he or she downloads the dataset, determined by the number of rows downloaded.

    Is this viable in a business sense? I'm from technical background so I'm not sure.

    Would really love to know your ideas and what a viable business model could be for this.

    Thank you!

  2. #2
    Bronze Member Contributor Level 4
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    Oct 2022
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    Creating a FREE data marketplace is no easy task, especially when considering the amount of space and computing resources required to support it. However, has the potential to revolutionize the industry! With the ability for users to upload and view datasets, comment on them, create something off them, engagement rings and share them with the community, could become a GitHub of datasets. We can't wait to see what this baby business grows into!

  3. #3
    Bronze Member Contributor Level 3
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    Feb 2022
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    In contemplating the appropriate business model for a FREE data marketplace, several factors must be considered. While the concept of "free" poses challenges, it could be sustained through strategic collaborations and value-added services. Ultimately, finding a balance between monetization and user value will be crucial here. One possibility is to leverage advertisers and data analytics companies to generate revenue while offering enhanced data insights and personalized experiences. Another avenue could involve premium subscriptions, where users gain access to exclusive datasets.

  4. #4
    New Comers Contributor Level 1
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    Sep 2022
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    Through his unparalleled character development, visual acumen, and Geometry Dash exploration of profound themes, he has crafted a cinematic style that leaves an indelible mark on audiences worldwide.

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