Create a Social Networking Site and Monetize it

According to the new Nielsen Co. report, the shift to social networks for communication is changing how internet users spend their time online. We already know it but this is one more confirmation in how social networking websites and software is affecting how people interact online. With Facebook leading the pack, social networks now account for 22.7 percent of the hours spent in front of a computer, a leap of 43 percent over last year’s figures.

The shift to social networks for communication caused a precipitous drop in email and instant messaging. Time spent emailing was down 28 percent and instant messaging dropped 15 percent.

Given a typical hour, Nielsen says the average user will spend 13 minutes on Facebook and other social networks, six minutes playing games, five minutes with email, 2 minutes each on browsing Internet portals like Yahoo, instant messaging, watching videos, conducting searches, and reading software information for a total of 36 minutes. The balance of the hour is spent on 77 additional categories measured by the firm, all of which take 2 minutes or less.

I can only see this trend continue to grow as more and more unique social networking sites and other kind of online communities are developed to cover more topics and users interests.

Maybe you have an idea to create a social networking website.  Not one like all the others that you have seen.  Many of them look the same and have exactly the same features.  You have an idea that will make your site … unique.  A vision that will make your social network stand out from the rest.  You have thought about how to grow and monetize the site.  You know what features you would like to have on the site.  You have a targeted niche audience and a clear value that you would like to provide. The problem now is to find someone to build the site exactly the way you like and to do it within your budget.  How do you go about this?

You can create a social network within a few minutes by simply going to rsitez.com.  However, rSite go beyond the 1-site fit all approach often used with social networks.

rSitez makes creating a custom social networking site easy by using the UDD methodology to develop a custom social networks.  These sites are based on your specific requirements.  This approach involves 3 steps in the process.

rSitez UDD Methodology

Understand (U) – A Project Manager from rSitez team will give you a call to discuss your vision for the project.  The technical responsibility of the project definition lies with the Project Manager, not you.  So you don’t need to understand the technology, code, technical jargon or fill out long forms in order to try to explain how the software should work. You will simply need to explain in your own words on the phone with a live person what you want the site to do.

The project manager will be able to ask follow up question to get a clear understanding of your project, the features you would like, and how to implement these features.  The focus will be on your vision for your social networking software.  Once we are clear about what you want from our discussions with you we are ready for the next phase of the UDD methodology.

Develop (D) – Our Development team is responsible to developing the application per your specific requirements.  They convert your vision for your social network to actual code for the application.  For example, instead of searching for members by city you may want to search on members within a certain radius (ex: within 100 mile of your location).  The development team will write the code to do this.  Or you may want to have integration with your corporate system where someone can click a link from your corporate application and automatically login to your social networking site without having to sign in again.  Our developers will write the code to do this or any other custom features you would like for your site.

Some examples of recent custom features our developers have created for clients include:

- Single signon where members from a corporate system can automatically login to their social network

- Facebook feeds with comments and friends

- Radius search to target geographical advertising

- Facebook integration where content and branding from the client site is posted direct to members facebook wall

- Full document library where any type of document can be uploaded and shared with other members

- Webcam and video sharing features

- Payment and monetization options and integration with different payment processors

- Different member types where specific features and access are given to members based on client specification

- Points and reward systems

- Management content reporting and downloads

and much more

Deploy (D) – Our development team will help you to deploy your application.  This includes providing full documentation for custom developed features, responding to any questions about the application, and providing technical support. The team continues to support the application indefinitely after the deployment based on our licensing agreement.  The team is also available to create additional features or meet new development requirements per request.

The end result is a custom social network with unique features that meet your specific requirements.  This will enable you to provide a targeted offering and let your social network stand out from other networking sites online.  This could help your site to grow faster and better than competing social networks. In the end your members will appreciate the specific details, value, and targeted approach provided by your network.

About the author

Rohan Hall is the Founder/CEO of rSitez, Inc. (www.rsitez.com), a technology firm that helps entrepreneurs create custom, revenue-based social networking sites.  He is the author of Stop Working, a book that teaches entrepreneurs how to use technology, globalization, and networks to build a global business.  He has developed technologies for a wide range of entrepreneurs and Fortune500 clients including HP, Corning, Oracle, Honda and various others.

Seal Concert Barcelona (www.rsitez.com)

I went to a Seal concert last night in Barcelona at Poble Espanyol.  Poble Espanyol (http://www.poble-espanyol.com/pemsa/en.html) is a traditional Spanish village in the center of Barcelona.  The village main purpose is to showcase Spanish history, culture, and architecture… and occasionally to have incredible concerts.

The village was packed last night with approximately 7,000 people paying an average of 40 Euros ($52 USD) per ticket.  The crowd was well entertained as Seal performed songs from past and future albums.  The concert was certainly well received and I think everyone had a great time.

The concert lasted for 2 hours.  Before the concert even started all tickets were sold and before he sang the first song the concert had made approximately $364,000 ($52 x 7,000).  I don’t know about you but I’m pretty impressed by the numbers.  I don’t know of anyone personally that makes that much money from 2 hours work.  The crowd went crazy with each song especially when he performed his hit song ‘Kiss From A Rose’. 

Seal’s performance was excellent as he charmed the crowd.  At one moment he bent over to sing to some screaming girls as they reached up to grab his hand and rub his head.  He flashed some perspiration from his head in the crowd and they screamed even more.  He had a great smile the entire time probably thinking … ‘I loooove this job.  Oh yeah, and thanks for the cash!’

About the author

Rohan Hall is the Founder/CEO of rSitez, Inc. (www.rsitez.com), a technology firm that helps entrepreneurs create custom, revenue-based social networking sites.  He is the author of Stop Working, a book that teaches entrepreneurs how to use technology, globalization, and networks to build a global business.  He has developed technologies for a wide range of entrepreneurs and Fortune500 clients including HP, Corning, Oracle, Honda and various others.

Google Alerts (www.rsitez.com)

If you have an online business it’s CRITICAL that you know what is being posted about you online as soon as the information is posted.  This includes info posted on blogs, News articles, forums and even social networking sites. 

You want to know if someone posted something positive about you so that you can respond in like to start creating a relationship with the individual or organization that made the post.  These relationships can yield great results as you continue to build your brand.

Likewise, if there was a negative post about you online, you should know about it and respond appropriately to minimize the impact. 

You should also track what your competitors are saying and what is being said about them so that you can react as needed to this type of competative news.

The process of monitoring, tracking, and responding to information that affects your brand is called Brand Management or sometimes Reputation Management.

You can use Google Alert (http://www.google.com/alerts) to monitor and track your online brand. It takes only a minute to configure this and it’s free. 

You can enter any search keywords that affects your business and ask google to monitor it.  This could include your business name, competitors business names, search keywords or other items of interest.  Google will monitor these keywords in news, blogs, videos and discussions and send you an email each time it finds newly posted content regarding this. 

Example: If the Washington Post include your business name in a new article online, Google would send you an email with the link of the article without you having to search for it.  You will be able to click on the article, read it, and post relevant comments.  This enhances your online presence, creates backlinks for Search Engine Optimization, and helps with your ongoing effort to create a solid online brand.

You can configure these email notifications to be received as the news happens, daily, or weekly – depending on your preference.

Once you have turned this feature on you will be able to keep track on your online reputation for your business and continue to build a lasting and powerful online brand.

About the author

Rohan Hall is the Founder/CEO of rSitez, Inc. (www.rsitez.com), a technology firm that helps entrepreneurs create custom, revenue-based social networking sites.  He is the author of Stop Working, a book that teaches entrepreneurs how to use technology, globalization, and networks to build a global business.  He has developed technologies for a wide range of entrepreneurs and Fortune500 clients including HP, Corning, Oracle, Honda and various others.

I had coffee with a couple friends this morning on the beach in Barcelona.  I live only 2 minutes walk from the beach and these guys are my neighbors.  They have an idea for an online business and wanted to get my opinion regarding how to pursue the idea and if the idea was a good business idea.  This is the summary of my response to this question.

I don’t really believe in the concept of a good business idea or a bad business idea.  Every entrepreneur has his own vision of their idea and why the idea would be successful.  I have see what I thought was a good business idea surrounded with great technology fail miserably.  And equally I have seen far fetched ideas become a success.  The main factor in either case has been the founders of the business themselves.

When I think of business ideas, what is really important is how committed and available the founders are to making the idea a success.  In many cases Plan A will fail, simply because it’s often hard to tell how cold the water is until you jump into the lake … so to speak.  At that point it’s really how well can you swim.  Can you come up with a Plan B or even a Plan C if needed?

Entrepreneurs ability to be creative in making their business a success in a difficult time was tested severely in the last 3 years.  Many businesses that seem to be stable fell apart and other businesses flourished.  Last year during the middle of the crisis our business more than doubled revenue and profitability.  I think we were able to do this because we were able to implement Plan B and even Plan C when the getting got rough, and we created opportunity out of chaos. We’re doing the same again this year.

So is this business idea a good idea or a bad idea?  In the end, it really has to do with you the entrepreneur.  Do you have what it takes to make your vision a success?