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Thinking About A Social Network That Pays

Discussion in 'Making Money' started by GrumpyBoy, Nov 21, 2016.

?

Is it possible?

  1. Yes

    3 vote(s)
    60.0%
  2. No

    2 vote(s)
    40.0%
  1. GrumpyBoy

    GrumpyBoy Regular Member

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    hello friends, I want to ask a question. Recently my friend asked me if we can build a site like swagbucks that pays users when they complete a certain task.

    If I create a social networking site like facebook which rewards you points for completing some tasks like completing surveys and sharing the surveys with their friends.

    For example,
    I am a normal user and I receive a notification whenever a survey is available for my country. When I complete a survey, I share it with my friends from same country. If they complete the survey, I get 10% of their reward.

    Will it become successful, if I try to build such site. I am thinking about a lots of features to add in this site.

    This way, people will get rewards while using a social network.
     
  2. jiungsong

    jiungsong Jr. VIP Jr. VIP

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    It would, if you can find the right audience to market to.
     
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  3. GrumpyBoy

    GrumpyBoy Regular Member

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    so, i will ask my friends first, if they will join my network or not. If they want such site, i will start to work on it. thanks for your reply sir
     
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  4. Fragmaster

    Fragmaster Jr. VIP Jr. VIP

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    That concept exists, but that is PTC site, not a social network site.
     
  5. Heisenberg

    Heisenberg Jr. VIP Jr. VIP

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    If you want to work on something like that better focuss on task part and not social network. You won't beat any of the currently most popular social networks.
     
  6. GrumpyBoy

    GrumpyBoy Regular Member

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    I know, but people addicted to social networks will surely want to use it
     
  7. GrumpyBoy

    GrumpyBoy Regular Member

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    But I want to turn paid-to sites in a social network. Promoting products on such sites will be a lot easy. For example, a user buys a T-shirt, then he refers to his friends about this T-shirt with a pic of him wearing this shirt. Whenever someone buys the T-shirt through his link, he get a commission
     
  8. Fragmaster

    Fragmaster Jr. VIP Jr. VIP

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    Sounds like a huge project, are you sure you can handle it?
     
  9. GrumpyBoy

    GrumpyBoy Regular Member

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    I won't know unless I start it
     
  10. GrumpyBoy

    GrumpyBoy Regular Member

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    I am starting to study about this right now on Lynda and udemy (torrent)
     
  11. sk123@

    [email protected] Registered Member

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    Just leave that there is site called incomeon u can try like tooo but idea is good luck
     
  12. sk123@

    [email protected] Registered Member

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    Sorry for my poor English:oops:
     
  13. JamesBlake

    JamesBlake Jr. VIP Jr. VIP

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    Making money from those make sense in theory. The issue lies with the high turn over rate of site users. People don't stick around if they don't make much. The real value lies in constantly accruing traffic and holding onto them as long as you can milking them for what you can I suppose.
     
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  14. dtech.venture

    dtech.venture Newbie

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    Its been tried already
     
  15. loboble

    loboble Newbie

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    It's not a new idea and it has some potential, but are you sure you can see real scale of such project? Like from day one when you will open your website there must be crowd of interested users and interested companies. If not, both sides will not see value. To achieve that you will need some huge promo. To do that kind of promo, you will need some serious money. To get that type of funding you need someone to invest in your idea. Is it crowd funding, is it bank, is it some business angels, you must to have decent business plan. There is no decent business plan with out proper research. And if we talk about social network, it's not just market research or research of previous and existing such networks. It's also human behavior research. And of course cost-benefit analysis. And only when your whole idea will be crystal clear, actual website building coming in place. It can be journey of life time. But it's not one man operation for sure.
     
  16. Aatrox

    Aatrox Supreme Member

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    People don't like surveys. Probably won't work, but you can always try.
     
  17. mrbasha

    mrbasha Newbie

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    Interesting idea.. specially when u know that make money niche is big on fb..

    Btw... GrumpyBoy, your avatar is super funny..