Money ExChange is a social networking site that allows the user to connect with other individuals in a system that allows you to trade or barter points with each other. Points can be purchased with dollars. When points are uploaded onto your account you can make a money connection. To open an account is free of charge, However In order to make a money connection in the beginning, You must purchase 2 points.(points are a dollar each)
From there on out, members can purchase as low as 1 point. You can view other profiles when when you first sign up with the option of not uploading points. You can also trade points for services or items.(music, cars, radios, etc.,)
The concept of Money Exchange is to create a monopoly through a point system by converting dollars into points. all transactions will be made through the point system. Once the user wishes to convert there points into dollars, they will have the option to cash out and recieve cash. All transactions 6 dollars and over will have a 1 dollar surcharge. 5 dollars and under, surchages do not apply..
The point system will act as a central banking system for the users and the surchages will be money connection compensation. People can make transactions through a number of portals, Casual Encounters, Our online retail mall, Business, etc.
Imagine a social networking website that goes beyond just the social part of networking. Networking for entrepreneurs, we are not talking about just another boring business networking website. We are mixing everyday people allowing them to enjoy the things that they love or either they have interests in. We are putting the entrepreneur at the center of this excitement.
We are allowing everyday people to invest in ideas they are passionate about, ideas that they believe will go far. You will be able to upload video and music, connect with friends and family, promote a dream business, sell a product, and raise capital for a business, an invention, or a cause in raising money for a playground in your community or youth center, or a special cause in another country.
You could connect with people in your community, city, country, or anywhere in the world. Exchange money and ideas safely with Money Exchange while having fun doing it.
Following the success of other social networking websites is important. Money Exchange will offer its basic social networking services free of charge. Free to watch and listen to music, connect with friends, and network with another business or individual. Profit will be generated by being in the middle of a transaction, charging a percentage to users for each transaction. We will also make profit from selling advertising space this is part of our exit strategy, profit will still be made by users visiting the website if transactions are slow in the beginning. We will run CPM Cost per thousand impressions, for every thousand visitor we will charge a fee. This is the same method Facebook and Myspace make their profit and it is their main source of profit.
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