Really enjoyed serial entrepreneur Joseph Perla’s post on How to drop out of college and start a funded Social Network in 13 “easy” steps. I especially love the business model — and how it came about — for Zinch.
One revenue model that is a natural for social networks is what’s often referred to as two-sided platforms: That is, your platform (your social networking site) serves the needs of two (or more ) sides within a niche. It brings two groups with a common focus and lets them interact in a way that benefits [...]
Social Network For Forex Traders Currensee Raises $6 Million | paidContent. Another great example of how to leverage the need for collaboration and information through a social networking model, and a vote of confidence for the business model with a new funding. Currensee plans to make money by taking a commission when its members open [...]
Change.org is a great example of a social network that harnesses — or focuses — people’s passion. So many “me too” social networking sites lack this key ingredient. If your social network is going to take off, it will need to tap into a passion or need powerful enough to get people signed up and [...]
If you’re looking for a focus for a social network, think beyond the good things in your life, and consider some of the challenges you’ve faced over the years. Common interests can bring people together, but not nearly as well as common foes, and the NY Times recently noted.
Social networking isn’t just for the college-aged kids. 41% of Baby Boomer internet users in the US have visited online social networks, according to a report from The NPD Group. Although young web users (age 13-34) are significantly more likely to visit social-networking sites – and to visit them more often – more than half [...]