Something like one year ago I wrote http://lloogg.com in few days. It started like an hack to have a "web 2.0 tail -f access.log" but then I started to add features and wrote a little "PRO" account with adsense tracking, a bigger history, and so on. The result was an invite-only real time traffic analysis tool with something like 1200 users currently.
The problem was that we lack a solid business model, so after one year the service is provided in a best effort way. When we did it one year ago the feedback were "It is cool", but now the question is: is LLOOGG still something we could try to invest on? Or it's just plain better to sell it to interested companies here in Italy (there are a few) for not too much money?
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Thank you very much,
Salvatore
As for monetization: your target audience is fairly narrow, though if you cleaned it up somewhat, it could not only serve the needs of a given web-strategy team (who'd like the real-time stats), and it could be an effective alert method for folks who don't have that built in. I'm not sure what an annual revenue stream would look like, given the size of the target audience. If you don't have a potential revenue stream, your options for getting investment capital are limited.
(If it were me, I'd sell to interested parties.)
The most important thing is the business model. You provide a service: that of seeing real-time updates on website traffic, by page, with a clear and intuitive display, allowing a company's analysts to get an instant sense of their traffic.
That's your core business. Graphs and traffic stats are covered in the market, focus the business model on what isn't covered yet. You could do quite a bit with the display, making it more 'game-like', and even provide comparisons with other sites that you track.