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Businesses can be made from niches. Niche business can have social networks. However, niche social networks are not businesses. You see which way it flows?
by subwindow 18y ago
Businesses 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.