What it comes down to is this - do you want signups, or do you want members![]()
Many social networking sites get in because they think, hey if I can generate enough of a user base, I can sell it. That is the wrong thinking - one should only build a social networking website, if there is a working model behind it that can be eventually self sufficient, and does not require a huge influx of capital. But really when you think about it true social networking is not about direct dollars.
I supposed I am at an advantage as I employ one of the largest web development staffs in Canada, but still - The $ required to create a great social networking platform is not all that much - a kick ass set of servers and typically (For startups) your own time and energy in coding and design.
A lot of people have said "AR would need to sell one day due to recouping costs" what costs? I could program most of AR in a day, and with what they allow users to do, they can't have any more than a couple grand worth of servers. - They certainly didn't need 30 million to cover their investment.
Starting LEC 7 soon but it won't be called LEC 7 - LEC 2012 coming soon!
Drat,
This post got picked up by g alert. Ugh
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Exactly. Many DO in fact OVER capitalize. Many more do not construct a SOLID social structure that builds MEMBERSHIP (well said, IMO Morgan)...they are solely focusing on the clicks...typically IMO, this is myopic and neglects the true mission at hand...
Your point about a working model behind it is WELL made as well...
EDIT: Further thought: Your exit strategy should NOT be an EXIT.
Best.
Eric
Last edited by Eric Blackwell; 10-23-2007 at 05:35 AM. Reason: addtl thought
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I came across this FEATURED POST www. activerain.com/ blogsview/ 252900/What-Happened-To-Realtor , took a look at the profile and thought about this thread.
Last edited by svrpaul; 10-29-2007 at 12:13 AM. Reason: oops! - disabled live link
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