There are many reasons which could move you to start your own social network. But one of the most important reasons which could urge you to start your own social network may be the huge business potential it carries! According to reports and surveys conducted by many reputable organizations reveal that the social networking sites are getting popularity among the masses and attracting sizeable revenue to the sites’ owners. Many social networking sites have out-grown their members’ limit which was originally envisaged by their owners. Current estimates show the revenue generation capacity of social network sites has reached to astonishing $10 million a month!
The speculators are optimistic this growth will continue to touch $1 billion by the year 2013. Isn’t the huge potential in social network business enough to stir your entrepreneurship? Most on-lookers could find many excuses and If-and-But to the opportunity—that knocks once!