Success stories
2 most successful photo-sharing websites
After taking a look at 5 most successful video-sharing websites let’s see who the leaders of photo-sharing industry are. We can see from the table below that there are 2 serious competitors, Photobucket and Flickr, who greatly differ by their market share.
We are excluding Slide.com from the overview because, nevertheless it was originally formed to make photo sharing software for social networking services such as MySpace, but the company achieved its greatest success as the largest developer of third-party applications for Facebook. Kodak Gallery was one of the industry pioneers but sadly it is being beaten by its competitors.
Launch date: 2003
Status: Acquired by Fox Interactive Media (owner of MySpace) on 5/07 for $300M1
Users: 41 millions (2007 April comScore)
Unique visitors: 19.0 million U.S and 30.0 million uniques / month worldwide (source: April 2007, comScore.)
Photobucket is a personal media hosting service . Members can choose from free or paid plans to store and share their images and videos. Their main revenue streams are through premium accounts and advertising.
Photobucket had not structured itself as a destination site, their main channel of growth was through social networking sites like MySpace.
Photobucket leads the photo sharing market with a whopping 43.5% share (~7 times more than its nearest competitor Flickr)
Launch date: February 2004
Status: Acquired by Yahoo! on 3/05 for $35M
Former game designers Stewart Butterfield and Caterina Fake created Flickr, an online photo sharing network, in 2004. Flickr, which began as a photo-sharing feature of their gaming project, has since then blossomed into one of the premier photo-sharing sites on the web. Yahoo! purchased Flickr for $35 million in March of 2005.
In June of 2007, Yahoo! Photos began to close, and users are being encouraged to join Flickr. Yahoo! began including Flickr images in Yahoo! Image Search. Yahoo! Image Search was the leading source of traffic to Flickr, accounting for nearly 18% of its upstream visits. These efforts have resulted in an increase in Flickr’s US market share of 38% in 7/7/07 vs. 6/9/07. Flickr is now the #2 photography website in the US, with 6.42% of category visits for the week ending 7/7/07. Photobucket is still way ahead from Flickr with an outstanding 43.52% market share.
Some news: On April 8, 2008 Flickr Video was launched which allows pro users to upload videos with a max length of 90 seconds and max size of 150mb.Videos are displayed alongside photos on the site and can be embedded elsewhere on the net with a cleanly designed player.
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Tags: Caterina Fake, Facebook, Flickr, Gallery, Image, Kodak, market share, Myspace, Photobucket, Slide, Stewart Butterfield, Yahoo Plan: to make one million dollars at home
Who: Tomas and Gintaras
When: at most 2 years
How: combining all possible ways to earn money online into one big money stream
What else: writing about internet millionaires and ways to make money in the internet
Project launch date: 1st of June 2008
About the million dollar plan
Report #2: June 2008
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