David Silver

David Silver, founder of Santa Fe Capital Group, offers 10 tips to help your online community prosper. 1. Start a tip jar. Solicit payment from members for the best stories or movies, research, answers to quizzes or photos, with the contributing member receiving 70 percent and the community receiving 30 percent. 2. Give kudos. Payments in scrip (think gift cards) that act like tip-jar money but can be used to buy products or services offered in the community or exchanged at the online foreign exchange market. 3. Charge a reputation management fee. Publish a monthly newsletter where, among other things, corporate decoys and other invaders are exposed.

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