As always, bottom line is the question of profitability. I am convinced that any site or blog (be it hyperlocal or not) will have a very hard time being profitable if you do not build a business model before you start building the platform itself. Content may be great, participation may be super, the technical platform may be magnificent, it all comes down to nothing more than hobby if the business doesn't take off. Money doesn't fall from heaven, hyperlocal penny's don't roll your way automatically.
For those who are interested, I will be telling something more about the commercial chances of my own, nationwide hyperlocal network in the Netherlands, during a WAN-based conference in Paris at the end of june. You can already take a sneak preview at eindhoven.dichtbij.nl
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