How to make money with Google Wave

Google Wave is a tool for communication and collaboration on the web, launching in the second half of 2009.

In Google Wave, users create and invite other people to “waves”. Everyone on a wave can use richly formatted text, photos, gadgets, and even feeds from other sources on the web. They can insert a reply or edit the wave directly. It’s concurrent rich-text editing, where you see what other users on the wave are typing in real-time. That means Google Wave is just as well suited for quick messages as for persistent content – it allows for both collaboration and communication. You can also use “playback” to rewind the wave to see how it evolved.

There are so many possibilities with this new application.
Think of Google Wave as an enhance IM and email client together. It allows people to communicate and work together by exchanging text, photo, videos and even maps.
One interesting feature is that since there are sometimes multiple participants, the application does keep the history of the conversation. You can always go back to check to see “who said what” and when it was said.
I am sure you can already see the potential of monetizing Google Wave. Google could easy charge companies to have their adverts displayed. Google might even allow the users to include Adsense within their post, to allow user to make money based on per click basis.This application is what the internet marketers have been waiting for. Previously they advertise their site through Twitters, but now they can do it using Wave.The best part about this application is that its open source. That is correct you read it right, open source. Just imagine the numbers of plugins that will be available for this application once it goes live. From the current demo, there seem to be a plugin that allows it to grab “Tweets” and put it into the Wave.
Soon, the blue bird will drown a BIG wave. Could Google Wave be the Twitter killer? Only time will tell.

Grab yourself a Google Wave invite, I have 30 to give away!
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