5 ms·
Good stuff: Niche Social Networks are not Businesses
by migpwr 18y ago
Good stuff:
Niche Social Networks are not Businesses
- sanj 18y agoThey aren't? http://howardforums.com/ http://howardforums.com/ http://www.gaiaonline.com/ http://www.gaiaonline.com/ http://www.ytmnd.com/ http://www.ytmnd.com/ From: http://www.wired.com/wired/archive/14.11/meganiche_pr.html http://www.wired.com/wired/archive/14.11/meganiche_pr.html
- subwindow 18y agoBusinesses can be made from niches. Niche business can have social networks. However, niche social networks are not businesses. You see which way it flows? With a niche business, the social network is a subset of the functionality if it exists at all. If it is just a niche social network, it probably is not a business.
- astine 18y agoI don't know, a social network can be made into a business, but one has to treat it as a social network, before it becomes a business. Once the social network qua social network is healthy, you can then monetize it. It's a lot of work, and the financial rewards are little, but if you do it right, you can get a strong and loyal user base and maybe make a few friends.
- jfornear 18y agoFacebook started out as a niche social network for Ivy League students.
- jonknee 18y agoAnd technically it's still losing money hand over fist. But I'm with you, I think niche social networks have more money making potential actually. Linked In is a good example, they have been profitable for a while.