Is Social Networking a viable business?
July 15, 2008
This article is targeted at web designers and business owners who are considering an investment in social networking.
Let me just first say, that I have invested in it personally, where I created a video sharing system to help distribute my own content.
â€¦ I had other ideas beyond that, but I soon discovered that:
1. It would require a huge investment (millions) in capitol to just get it off the ground.
2. That most user contributed videos are just terrible. I deleted most of them.
You can read the rest in the magazine.