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January 23, 2011
Free is better and social means free
Social networking and internet dating sites rake in over $3 billion a year from internet advertising revenue or premium membership fees. This is at least 90% profit, since the costs of actually running an online social network or internet dating site are low. With social networks, the expectation is that it will be free to join the site. Within the next few years, I think the same will be true for dating, too. Think about it. What can dating sites really do that social networking sites can not do? The only difference is the audience, and the type of search functions and privacy settings on the site. Some claim they'll find your ideal match.
How lucky do you feel?
That is why, after about ten years, I finally launched my own site My Free Personals which runs on a free open source social networking platform called Elgg. In the future I'm hoping to launch a general social networking site, and a political networking site for supporters of political candidates. Social media is a big buzz word lately. What it really means is free.
Posted by Mike at January 23, 2011 01:17 PM
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