Internal Monetization of Data
Internal Monetization of Data In addition to selling your data to other companies, startups can monetize their own data internally. This method uses data to lower costs and increase the revenue of your own startup. Here's a list of ways to monetize your data internally: Reduce costs -- use it…
Data Monetization Requirements
Data Monetization Requirements Monetizing data requires several key components. Here's a list of components needed to monetize your startups data: Ability to acquire the data -- the more you can source your own data versus relying on others the more valuable your data will be. Ability to store the data…
Data Business Models
Data Business Models 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. An example is a customer list with contact information. One can sell this…
Data Strategy
Data Strategy In monetizing data for your startup, you'll need a data strategy. Here are the key components of a data strategy: Identify the problem to solve -- the problem must be specific enough to indicate the type of data needed to present a solution. Store the data -- you'll…
Investor Connect: Kirk Otis of Keiretsu Forum – North Texas
On this episode of Investor Connect, Hall welcomes Kirk Otis, President of Keiretsu Forum - North Texas. Located in Plano, Texas, Keiretsu Forum is a global investment community that brings together accredited private equity investors, venture capitalists, and corporate/institutional investors. Kirk Otis, with over 40 years of business development…
