Social Network Service (Part 3 of 3)

As the conclusion of this series, dare I say that we still do not have a very successful local (generic or vertical) SNS at this moment. But we do have decent special purpose SNS, like Blinklist, Nuffnang and Adverlets, as posted here.

Here, I would like to summarize three key success criteria of SNS:

  • Marketing strategies - viral marketing, SEO and various online and offline marketing.
  • Elegance of the service - localized, "killer app" to encourage return visits, first to market etc.
  • MONETIZATION - advertisements, affiliate programs, subscription, revenue-share on mobile service etc.

Not missing out here are also the challenges on launching a successful SNS in Malaysia:
  • Crowd pulling and retention.
  • Multi-racial community.
  • Local micro payment infrastructure.

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