How Does Flickr Make Money?
Flickr is a popular photo sharing site. In fact, it’s estimated that Flickr has over 200 million photos on its site, which were uploaded by over 4 million users. While it is popular, how does Flickr make money? It’s a good question, and the simple answer at the moment is…that it doesn’t.
Flickr is in the same boat as many popular social networking sites. They didn’t come up with a money making plan before launching the site. So, everything was free, including creating an account and uploading information. Creators simply launched the sites, and then they tried to think of ways to make money.
So, Flickr hasn’t been making money at all. In fact, despite having been bought by Yahoo, it’s losing money and lots of it. Yet, Flickr isn’t the only one in this boat. YouTube, which is one of the most popular sites on the web, is also losing money. And, they were bought by Google! But, no one is sure exactly how to make money with these sites.