What is Meetup com used for?

Meetup is a service used to organize online groups that host in-person and virtual events for people with similar interests. It was founded in 2002 by Chairman Scott Heiferman and four co-founders. The company was acquired by WeWork in 2017 and remains headquartered in New York City.

How much does it cost to run a Meetup group?

Organizers pay between $9.99 and $23.99 a month, depending on location and the subscription model of choice. This allows you to organize up to three groups with unlimited members.

How much did WeWork pay for Meetup?

WeWork acquired Meetup for $156 million in 2017 and put the company up for sale after its failed public offering last year.

How many members does Meetup have?

49 million members
It is not only older, but it’s significantly smaller than the social media giants that came after it. Meetup has 49 million members, compared to 2.45 billion users on Facebook. However, Meetup shares the same global reach and is available in more than 190 countries.

How do I join Meetup?

Once you find a Meetup group you’re interested in, joining is a fairly simple process.

1. On the Meetup group’s page, click the Join us! button.
2. In most Meetup groups, a new page will appear with several profile questions to answer.
3. Depending on the group, an organizer may need to approve your request to join.

What is the business model of Meetup?

Meetup is a subscription business, organizers of Meetup pay a recurring fee to run the group. The pricing totally depends on the duration of the subscription term. This platform efficiently connects sponsors to groups that are new and is growing rapidly in the business market.

Can you make money from meetups?

Meetup dot com makes money by charging the organizers of groups. There are currently two types of Organizer Subscription Plans: Basic and Unlimited. The Basic Organizer Subscription plan enables organizers to have up to 3 other organizers on their Leadership Team and up to 50 members in their Meetup Group.

Meetup is one of the best peer to peer online portal that organizes local groups and connect like-minded people. Here is the business model analyzed by FATbit analysts: Business and Revenue Model: Meetup allows users to create meetups and arrange interactive sessions among locales.

Is meetup a subscription or subscription business?

Meetup is primarily a subscription business. Organizers of Meetup Groups pay a recurring fee to run the group. The pricing is dependent on duration of the subscription term.

What is the value proposition in business model design?

Developing your Value Proposition should always be the second step in designing a Business Model. This block comes after the Customer Segment, exactly because it depends on the definition of one or more customer groups to make sense. This is because the Value Proposition is about the products and services that create value for your customer.

How do you create a value proposition?

More importantly to achieve a value proposition the business must go through four steps: In explaining brand positioning, Michael Porter highlights how a business should focus on achieving an advantage either as a product differentiator, a low-cost leader or a niche player.