Phenomenal Idea Or Not ?? What Is Your Take On This Subject?
I wanted to get your feedback on a project that I may become involved with. A friend shared an idea and at first thought it sounds it may have great potential. This project is going to be focusing on a particular niche social network. This niche is very popular and research shows great potential for major growth. There are magazines published on this particular niche, events / clubs related to this niche, there are message boards; there are tons of products that are sold via eBay auctions and eBay stores. Google adwords tool demonstrates there is major interest in this particular market with tons of keywords getting 5 figure monthly searches. There are also keywords that one can target that have low keyword competition. This information alone tells me this could be a profitable network.
Some questions I have and wanted to get feedback from fellow Warriors
1. Should the network include a (free) membership or is it possible to charge a monthly or yearly membership fee? There are pros and cons to both. It seems Internet Marketing memberships can charge a fee and most do extremely well. However, how does this work with niche markets that are not IM related? What kind of fee would be appropriate for a non IM related membership?
2. What are your thoughts on the platform provided by SocialGO - Social Network Maker - Create Social Networking Websites, Blogs, Forums & More
3. Would it be more profitable long-term to go the free route - increase membership numbers and generate revenue via featured advertising?
4. When can traffic numbers approve the network admin to sell featured advertising? Should featured advertising include a flat monthly fee starting out and or PPC once the site is generating high figure traffic numbers?
5. If you were a business owner that sold products that were related to the network - would you accept an option to feature your business to network members (free) in exchange you link to the network or share word with your customers about a resource that you feel is beneficial to them? Yes, in the beginning it would not generate must interest to the business owner because the network is new with very little traffic. However, would you be interested knowing that you would keep this free exposure featured (banners, text links, product listings for 6-12 months and then would be locked in at a lifetime discount that others would not receive? Long term this would benefit the business owner greatly.
6. Other questions that come to mind include how to get people interested - I know from the research there is tons of interest. However, how do you take a new network with no traffic, no groups created, no forum posts, no blogs and get people interested? What is the starting point to create a successful social network where research states there is great potential?
7. For marketing and branding what domain would you suggest that has the best potential?
(keyword) social . com
friends and ( keyword ) .com
everything (keyword) . com
(keyword) friends . com
I would greatly appreciate any feedback that any of you are willing to share. I look forward to hearing from you.
Thank you,
Jason
http://buytopkindlefirehdproducts.com/
Jason Morris
Jason Morris
Jason Morris