|Because of the rapid development of the Internet and e-commerce, the virtual community has become an important trend besides portal sites and Internet service providers. In this paper, we examine a web site, YouthWant, that is managed by students for exploring the business model from virtual community perspective. Based on both theory and case study - the economic characteristics, experienced economy of virtual community, the history , business model, and competitive analysis of Youth Want are all discussed. There search method is mainly on secondhand information analysis. We try to find the advantages and operating strategies of Youth Want, and contribute the conclusions as a reference material for future studies.