[md1]

do they make money and if they do, where does their money come from?

[thenewwallstreet]

They make a lot of money, all off of advertising as they dont offer premium services.

[nado]

Advertising and selling off the site as myspace did for $200+ million.

With that kind of traffic anything is possible.

[NVTimports]

Originally Posted by nado

Advertising and selling off the site as myspace did for $200+ million.

With that kind of traffic anything is possible.

Myspace was sold for $580 million, the next fast growing site similar to Myspace is tagworld.com and friendster.com is also popular too.

You should develop a similar myspace website but only for business owners and entrepreneurs for networking. Ecademy.com charges $10 a year for that service.

[bbalfour]

Actually friendster is doing horrible. They have had declining traffic and cycled through about 5 CEO's within the past year. Kind of sad when you think they were the first on the social networking scene but the last to be innovative and adapt.

Other popular sites are facebook.com, orkut.com, xanga.com, etc.

[NVTimports]

Originally Posted by bbalfour

Actually friendster is doing horrible. They have had declining traffic and cycled through about 5 CEO's within the past year. Kind of sad when you think they were the first on the social networking scene but the last to be innovative and adapt.

Other popular sites are facebook.com, orkut.com, xanga.com, etc.

Thanks for pointing that out, my sister uses myspace and used friendster couple of times, so I thought friendster was going well too.

[NVTimports]

Originally Posted by bbalfour

Actually friendster is doing horrible. They have had declining traffic and cycled through about 5 CEO's within the past year. Kind of sad when you think they were the first on the social networking scene but the last to be innovative and adapt.

Other popular sites are facebook.com, orkut.com, xanga.com, etc.

Seems you know about this facebook.com, xanga.com, myspace.com industry, do you know any company that has similar software developed that is welling to sell the software or license it out?

[nado]

Originally Posted by NVTimports

Myspace was sold for $580 million, the next fast growing site similar to Myspace is tagworld.com and friendster.com is also popular too.

You should develop a similar myspace website but only for business owners and entrepreneurs for networking. Ecademy.com charges $10 a year for that service.

lol I was only out by 380mil

I think a good point to note from the whole myspace thing is that the younger generations hold a very strong presence on the web, and tend to be influenced by peer-pressure and flock to whatever is hot for the month.

Exploit those tendencies/behaviours and you'll be a very rich man/woman. And since most of us on these forums are in the younger age bracket we can usually know what the young generation are after and provide that need/want much more successfully that the old codger CEOs sitting in their ivory towers

[NVTimports]

nado, 7 projects well what I can I say, I'm impressed since I was only able to handle one project since I was 14 but last year when I turned 21, I started doing more then one. (I am lazy which is why I always done one project at a time) I wish you luck.

[nado]

Originally Posted by NVTimports

nado, 7 projects well what I can I say, I'm impressed since I was only able to handle one project since I was 14 but last year when I turned 21, I started doing more then one. (I am lazy which is why I always done one project at a time) I wish you luck.

I think doing one at a time is the sensible option.

The 7 projects atm are all basically just websites (not ecommerce) which we're still developing and hopefully won't require much maintainence apart from regular marketing. Hopefully I'll find the time and revenues to get into some real (?) businesses and bigger online projects sometime soon.

I've got a couple of websites coming out soon which I'm sure a lot of people on these forums will be interested in (e.g. an entrepreneur wiki network etc). Subscribe to my blog if you like as I'll be writing all the details in there.

lol sorry to hijack the thread

In regards to the question about scripts... I was looking for one a few days ago and a couple of the options are:

http://www.phpfox.com
http://www.phpizabi.net
http://www.drupalution.com
http://www.popscript.com/view_item.p...bcategoryID=58

I thought I might give a myspace-clone site a go. I'd prefer to go for a free script which leaves phpizabi and drupalution.

phpizabi looks like a good option if you want a community/networking site without looking exactly like myspace.

... while the drupalution module is a myspace-clone.

Not sure which one would be better though... anyone want to do a comparison?

cheers
nathan

[md1]

do websites like myspace etc need a lot maintenance, not sure becasue everything seems automated