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Social networking sites like MySpace, Facebook or Hi5 for example have high market value because millions of dollars in ad revenue are generated by the constant flow of traffic from around the world.
Since these social networking sites generate so much traffic, they also generate tons of money in advertising revenue. This makes these kinds of communication platform sites lucrative to the owners.
How many times have you gone to My Space and seen ads from dating sites such as Match.com or E-Harmony etc. or flash banners advertising a new movie coming out or a musician's new compact disc for example.
Social networking sites are a major money-making trend in the world's economy right now.
Well, let's look at the social networking site called FriendsWin and their two claims of becoming the next MySpace and creating millionaires and see if its justified.
1) What Is FriendsWin?
It is a site that pays you on your entire list of friends and contacts. Each member pays $9.97 a month and earns commissions off of every other member they are connected to directly and indirectly.
2) Will People Choose To Join Another Social Network?
Social networking sites like MySpace, Facebook and Hi5 among others are growing at a rate of 89% a year automatically, then we would have to assume the same growth trend would hold true for others such as Friends Win.
But why would someone choose to join a social network where they have to pay $9.97 a month where they could just get the same services for free somewhere else?
3) Your Products
Along with all of the other features that the other networks offer, Friends Win has additional features in the fields of video communication such as video dating, video resume and video business conferencing.
Friends Win brings together the four largest trends in the world right now into one communication platform which means it is a communication model that will bring in a lot of money.
These trends are, social networking, online dating, the employment industry, and the Internet home-based business industry.
4) Your Compensation Plan
The compensation plan in your Friends Win opportunity will focus mainly on a 5x8 Super Matrix.
This is not a so-called pyramid scheme but a systematic matrix structured so all members get paid on their entire networks of contacts and friends.
Each member starts with 5 people on the first level and proceeds down by multiples of 5 until you reach the eighth tier with 390,625 possible members.
So are the two claims that FriendsWin make as far as being the next MySpace and creating millionaires valid? We'll just have to watch and see.
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