Profit counts in business - Metropolis

Metropolis dropped its business-to-business (B2B) division when it got rid of its Information Management businesses because they were failing to make any profit. The way dot-com companies are seen worldwide is the main reason. The cost of building the infrastructure was higher than anticipated, says Metropolis. B2B provided news on the business market with emphasis on technology and related matters. The local market was too small to sustain B2B.
The idea was to build a critical mass of users within our vertical communities by providing have-to-have products and services to our customers, said
Jason Xenopoulos, former CEO and Executive Chairman of Metropolis, adding that revenue would be derived on a commission basis as well as by advertising and services provision.

Metropolis is a listed Internet media and content company on the Johannesburg Stock Exchange as Metropolis Transactive Holdings. Its B2B ran eight vertical sites.

Metropolis is known for its iafrica.com consumer portal and says it will now focus all its attention on the iafrica.com (a business-consumer portal) which proves to be lucrative.


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