BROADCASTS.com

Data Business Models Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. There are several ways to approach data monetization. Here are four approaches to consider for your data: Basic content -- this business model provides raw or analyzed data that can be used as is.\xa0 An example is a customer list with contact information. One can sell this list to other companies who have related products to your company. Information about products -- this business model makes available information about the product. An example is an online database of your past purchases indicating what was bought and when. For companies tracking their use of a product, this can be helpful for budgeting purposes.\xa0 Data search-- this business model matches a company\u2019s need for data with a data source. For example a company seeking a customer list for their trading product could find it through a \u201cdata broker\u201d who can match them to another company with that list. Data aggregation -- this business model has a company capturing data from several sources into one dataset to sell.\xa0\xa0\xa0 For example, a company could capture all the products being sold for a specific application and then contrast and compare the products for price and quality. This saves buyers time in finding the right product. Consider these business models for your data monetization. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .