Create a Social Networking Site and Monetize it

Techcrunch announced that Ning has layed of 40% of their staff and will be discontinuing their free services.  All Ning network owners will need to pay for Premium services to continue using their Ning network or they will need to migrate their network to another platform.

The news was released in an email from  Jason Rosenthal who took over Ning CEO Gina Bianchini position about a month ago.  The email from Rosenthal stated:

“My main conclusion is that we need to double down on our premium services business. Our Premium Ning Networks like Friends or Enemies, Linkin Park, Shred or Die, Pickens Plan, and tens of thousands of others both drive 75% of our monthly US traffic, and those Network Creators need and will pay for many more services and features from us.”

At the end of the day the lesson learned by Ning is that “FREE” is not a business model.  Even with over $120 million in investor funding, Ning still needs to generate revenue to pay its bills and to grow its business.  At some point, investors need to start seeing a return on their investment as well.

At rSitez, we understand this very basic business fact and provide a variety of payment plans for everyones budget.  Our plans include more features than Ning and we provide the opportunity to fully customize your social networking sites.  We will literally develop any feature you would like to make your site unique and competative and are loved by entrepreneurs for this reason.  Additionally, network owners own all the content in their network and take it anytime they like.

rSitez continues to grow every year and more than doubled revenue last year.  We’re a financially and technically strong company and do understand the reality of having a solid and reliable business model.

We wish the best of success to all the Ning network owners and welcome this opportunity for them to compare our offering and prices at www.rsitez.com with offering provided by Ning or any other network provider.