Looking To Start a Social Networking Startup?

Six good advices from Information Week for people looking to start/invest/work for a social networking startup.

    1. Start with friends While social networking offers a wide pool of potential contacts, talking to strangers or making new acquaintances isn’t the main draw. Users are attracted to these sites because they want to communicate with people they already know. Therefore, job one of a successful social networking company is to facilitate interaction among a close-knit, pre-existing circle of companions. There’s no doubt that users will make new connections, but a good site will be built on a foundation of existing relationships*(see below for an exception).Facebook and Twitter are great examples. Users are drawn to these networks by the promise of enhanced communication with friends.2. Enable users’ narcissism and vanity
    Many people, especially 18 to 25 year olds, entertain the conceit that they are unique and interesting. A compelling social network lets users construct an idealized self out of random thoughts, iPod playlists, lip-synching videos or drunken party photos, and then invites others (especially their friends) to endorse this conceit.

    Facebook, Twitter, and YouTube exemplify the narcissism/vanity characteristic. Facebook lets users construct paeans to their own good taste. Twitter provides a public billboard for users’ interior monologues. AndGoogle ( GOOG) spends millions of dollars on data storage to preserve a flood of home-made comedy sketches, skateboarding tricks, and confessionals.

    3. Enable users’ voyeurism
    The flip side of the human compulsion to gaze into the mirror is the desire to peek into windows. A successful social networking sites remove the physical barriers and social conventions that otherwise discourage our ability to sift through other people’s lives.

    It’s telling that neither Twitter nor YouTube require visitors to register — the unfettered ability to troll through posts keeps users coming back. Facebook, while providing some control over who is allowed to join your network, lets you see who is in your friends’ network.

    4. Enable user judgments
    Following closely on points 2 and 3, people love to evaluate, criticize, and pass judgment on others. In addition to satisfying this urge, social networking sites also can classify and tally judgments to help direct others to the most popular — or most reviled — content on the site.

    YouTube and Twitter exemplify the judgment characteristic. YouTube members don’t hesitate to write “You suck” in the comments section. Twitter’s “Followers” tally serves as a crude indicator of a person’s status within the community.

    5. Enable expansion
    Once your friends are in your network, it’s time to branch out and meet new people. Users will broaden their connections around common points such as shared interests or geographic proximity.

    Facebook and Twitter exemplify the expansion characteristic. Facebook makes it easy to add friends, while Twitter continuously exposes users to new posters and lets users follow each other.

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