TNL.net

5 reasons why social networks can succeed

22nd
2006
31

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After exploring why social networks fail, I also have to consider why people are still joining them, in spite of their failures. So, going along the same approach, here I am with 5 reasons why social networks can succeed:

5. Viral Nature

They key to social networks quickly moving up in size is their viral nature. Because people who get on those need to expand their network, they invite their friends. And those friends, in turn, invite their friends. The viral nature of a new social network is an important part to making it succeed.

Some networks have taken the model one step further by being “by invitation only”. Initially, this represents a certain level of exclusivity, with people then trying to get in. This exclusivity breaks down, though, if the social networks do not have a mechanism to slow down or limit the number of new invitations going out. All it takes to tear down that sense of exclusivity is for one person to start inviting hordes of people. 

4. Online Identity

Not everyone has a personal website. It may come as a shock to most of my readers but, for some people, social networks personal pages are the only place where people maintain an identity. Some, like MySpace, have capitalized on that effect by providing tools that allow to enhance those profiles in ways that make them indistinct from personal sites, beyond the fact that the URL is on the service instead of being a personal one. 

3. Enhanced Knowledge

When used properly, social networks can be a great way to enhance knowledge. Tapping into one’s social network can allow for people to fill an information gap if members of their extended social network have deep subject matter expertise in a certain area. At the current time, few social networking sites have used that capability but, I believe this is one of the most useful aspects of social networking sites. 

2. Basic human need to share

The proliferation of blogs have shown that people love to share their opinion. The proliferation of the open source movement shows that some people love to share their expertise. I think there is a deeply rooted need among human beings to share, whether it is information or opinions. Social networks appeal to the altruistic side of people by allowing them to share their connection and introduce friends to other friends. 

1. Basic human need to connect

Most of all, though, human beings are social creatures. As such, the root of all success from social networking sites is based on a need to connect and expand connections. For most of history, connections were largely limited by geographical or economic considerations. Social networks allow people to expand their connections around interests. This first appeared with the rise of Usenet and bulletin boards, where members formed communities around specific interests and has now expanded into the social networking realm, where people can find out more about people who are most like them. 

Comments

  1. 1Marketing & Strategy Innovation Blog — Mar 27, 2007 : 9:36 pm

    [IMG iStock_000000413234Small.jpg] Here are three interesting essays about how social networks work. Highly relevant reading for anyone in a social networking company—or investing in one. 5 reasons why social networks fail 5 reasons why social networks can succeed Situational Relevance in Social Networking Websites Original Post: http://blog.guykawasaki.com/2006/06/social_networki.html Posted by Futurelab at 2:08 PM | Permalink | Comments (0) | TrackBacks (0)

  2. 2 | networking-social.com | Infos, actus et prospective du networking social — Jan 09, 2007 : 6:54 am

    Cela fait presque quatre ans que le networking social est un phénomène de masse (aux US tout du moins). Tristant Louis fait le point en listant ce qui marche et ce qui ne marche pas… Une lecture indispensable. Les 5 pistes pour aller au succès Les 5 erreurs à ne pas faire Publié réflections, social networking, analyse, vie privée, social software, Réseaux Sociaux | Modifier | Aucun commentaire »

  3. 3Recuerdos del día de mañana — Nov 22, 2006 : 6:18 pm

    redes sociales son el individuo más característico de la nueva edad digital donde el cambio y la relación gana-gana es la reina porque de otra manera sería imposible. Las características de éxito de las redes sociales se basan en, según tnl: Por la naturaleza viral de la información, por que no todo el mundo tiene una identidad digital y necesita una forma de entrar en juego, porque hace aumentar el conocimiento, porque los seres humanos necesitamos compartir y conectar.

  4. 4Joel Cere on Reputation Protection And Brand Promotion In The Blog Era — Oct 08, 2006 : 7:50 pm

    Tristan Louis gives us 5 reasons why social networks fail and 5 reasons why social networks can succeed. I would add that social networks can fail or succeed depending on whether they attract the right type of crowd at the first place, then balance members quality and quantity. Example: if you and your friends joined a social network, only to find out

  5. 5WHOLLYDEV — Sep 11, 2006 : 6:28 am

    5 reasons why social networks can succeed 5 reasons why social networks fail Top Ten Underserved Web 2.0 Markets Posted in Social Networks, Web 2.0 | 1 Comment

  6. 6Boinblog — Aug 07, 2006 : 7:26 pm

    Cela fait presque quatre ans que le networking social est un phénomène de masse (aux US tout du moins). Tristant Louis fait le point en listant ce qui marche et ce qui ne marche pas… Une lecture indispensable. Les 5 pistes pour aller au succès Les 5 erreurs à ne pas faire Mr Boin | Social Software | [IMG Date:] samedi 1 juillet 2006 à 10:19 | [IMG Commentaires:] 0 | [IMG Trackbacks:] 0

  7. 7GuiM Weblog — Jul 25, 2006 : 12:56 pm

    Les 5 pistes pour aller au succès Les 5 erreurs à ne pas faire Technorati Tags: networking, réseaux, social, sociaux 25/07/2006 dans Lu sur le web, Social Networking | Lien permanent | Commentaires (0) | TrackBack (0)

  8. 8GuiM.fr — Jul 25, 2006 : 12:50 pm

    Les 5 pistes pour aller au succès Les 5 erreurs à ne pas faire Technorati Tags: networking, réseaux, social, sociaux 25/07/2006 dans Lu sur le web, Social Networking | Lien permanent | Commentaires (0) | TrackBack (0)

  9. 9La Pastilla Roja — Jul 21, 2006 : 6:21 pm

    Tristan Louis publica un par de posts en su blog al respecto de las redes sociales: 5 reasons why social networks can succeed y 5 reasons why social networks fail. 1. Para los humanos es esencialmente necesario de conectarse entre ellos. 2. Hoy en día es necesario compartir el conocimiento para hacer progresos significativos.

  10. 10Web 2.0 — Jul 19, 2006 : 10:48 pm

    W temacie social networkingu warto zwrócić też uwagÄ™ na dwa ciekawe linki (jeden podesÅ‚any przez kubusz’a w poprzednim wpisie o SN). ArtykuÅ‚y to “why social networks fail” i rozwiniÄ™cie tematu “why social networks can succeed” (nie można z jakiegoÅ› powodu wejść na tego bloga, ale treÅ›ci artykułów można wygrzebać w google cache). PodajÄ™ w skrócie: Why social networks fail: Walled Gardens – sieci networkingowe nie sÄ… otwarte – co rusz powstaje nowa sieć, ale

  11. 11 SMART LAB - Social Media Applications Lab — Jul 19, 2006 : 10:07 pm

    Gerrit Visser dalle pagine di smart mobs riporta la classifica stilata da Tristan Louis dei 5 fattori che fanno vincenti le reti sociali e le 5 che le fanno perdenti. Ve le riportiamo: Reasons for failure 1. Privacy concerns 2. No real reward or penalty system 3. Not granular enough 4. Not integrated with other apps 5. Walled Gardens

  12. 12 super hanc petram — Jul 14, 2006 : 11:20 pm

    5 reasons why social networks can succeed

  13. 13netzkobol.de blog — Jul 14, 2006 : 4:23 pm

    valuable new ones. they can show how people in your extended network are related to each other but with a lack of information – the quality of the connection. tristan louis recently posted some continuative thoughts how social networks can fail or succeed. an very interesting topic and i’m still anxious to see what is going to follow … (via a friend’s email and guy kawasaki) update: some interesting papers on social networking by danah boyd

  14. 14 Svejo.net: Един от първите Social Network сайтове у нас? | NovaVizia.com - Издание за мениджмънт, бизне — May 16, 2007 : 5:03 am

    Десет глупави начина да попречим на пазарното навлизане на нов продукт 5 причини защо се провалят социалните мрежи 5 причини защо социалните мрежи могат да успеят Ситуационна приложимост в социалните мрежи Дълъг списък със сайтове тип “социална мрежа” Share This

  15. 15Of Interest — May 10, 2007 : 2:49 am

    Top 10 opportunities in virtual worlds (in 2007, I actually did some projections on the growth of Second Life, one of the more popular virtual world). In parallel, I examined opportunities in social networks, reasons for their success, and potential for failure. One of the issue I see as potentially arising is surrounding what happens when virtual and real world collide? Along with all the other entries I listed here, I started to develop a new view of the future, which I

  16. 16Boinblog — Aug 07, 2006 : 7:26 pm

    Cela fait presque quatre ans que le networking social est un phénomène de masse (aux US tout du moins). Tristant Louis fait le point en listant ce qui marche et ce qui ne marche pas… Une lecture indispensable. Les 5 pistes pour aller au succès Les 5 erreurs à ne pas faire Mr Boin | Social Software | [IMG Date:] samedi 1 juillet 2006 à 10:19 | [IMG Commentaires:] 0 | [IMG Trackbacks:] 0

  17. 17 jim's blog — Jan 01, 1970 : 12:00 am

  18. 18:: The Marketing Fresh Peel :: — Sep 18, 2007 : 6:00 pm

    To put the main focus on making money, especially in the infantile stages of a social network’s development, misses the true essence of what a social network thrives on. Information Week with 5 Keys To Social Networking Success and TNL.net posting5 Reasons Why Social Networks Can Succeed. Both point out important traits and aspects of social network sites that are important to their success, but neither directly identify the one aspect that believe is the cornerstone to a successful social network site.

  19. 19Fred — Jun 29, 2006 : 1:40 pm

    Tristan, really nice posts. I thought you might find interesting situational relevance in social networking – here’s a link.

  20. 20C. Enrique Ortiz — Jun 29, 2006 : 10:47 pm

    Tristan, great summary… Note that what you’ve described is the essence of social networks… yes why they would succeed, but it is more than that. Very good.

    ceo

  21. 21Elroy Jetson » Blog Archive » Why Social Networks fail and succeed — Jun 30, 2006 : 9:36 am

    [...] I stumbled upon two interesting blog posts during my morning reading. The first titled “5 reasons why social networks fail” and the second “5 reasons why social networks can succeed“. These are two well thought out lists of ideas. I am not sure that I concur with each of these conclusions, but here is the lists. [...]

  22. 22Gobán Saor » links for 2006-07-01 — Jul 01, 2006 : 10:18 am

    [...] 5 reasons why social networks can succeed (tags: social networks succeed reasons) [...]

  23. 23Marketing Routes » Blog Archive » Social Network: punti di forza e debolezza — Jul 02, 2006 : 5:11 am

    [...] Ora, tornando ai punti di forza e debolezza di un social network, tra gli elementi che possono determinarne il successo c’è la loro natura virale, la possibilità di sviluppare la propria identità online, accrescimento del proprio sapere (su questo aspetto discordo in quanto generalmente in un social network non si approfondisce nessun tipo di topic specifico), la necessità di un individuo di condividere e relazionarsi agli altri. [...]

  24. 24Zack Perry — Jul 03, 2006 : 6:03 pm

    Yes, I’ll agree with all these. Now let me state this. These are all soft returns on investments and focused on external usage. The real social networking benefits will come when corporations start leveraging social tools internally. But how do you sell these to a VP? Its definitely a trust me on this menatility but when you are at a company where ROI is key how do you sell?

  25. 25Denken Über » 5 razones para el éxito o fracaso de las redes sociales — Jul 03, 2006 : 10:33 pm

    [...] Bastante interesantes los artículos que escribió Tristan Louis sobre las redes sociales, uno es 5 reasons why social networks fail y el otro es 5 reasons why social networks can succeed (noten el “pueden” que usa en esta parte) [...]

  26. 26Web Strategy by Jeremiah » Social Networking Analysis — Jul 04, 2006 : 11:07 am

    [...] Essay Two: 5 reasons why social networks can succeed –Tristan Louis 5. Viral Nature (Jeremiah, Agreed) [...]

  27. 27Jimb — Jul 06, 2006 : 12:09 pm

    ROI has been elusive in the social networking arena except of course for Ad based and membership sites. As more and more companies adopt social networking as a tool for customer service, enhancing the membership experience, internal communication, and other applications, we will begin to see more and more written about ROI.

  28. 28Newbie 2.0 » Blog Archive » Creating a successful social network — Aug 09, 2006 : 3:01 pm

    [...] Why social networks can succeed [...]

  29. 29VIABUZZ » Blog Archive » Social Networking hubbub — Sep 20, 2006 : 5:45 pm

    [...] 5 reasons why social networks can succeed [...]

  30. 30Succès et échecs du networking social, Tristant Louis fait le point — Jan 08, 2007 : 1:52 pm

    [...] Les 5 pistes pour aller au succès [...]

  31. 31networking-social.com | Succès et échecs du networking social, Tristant Louis fait le point — Mar 08, 2007 : 5:49 am

    [...] Les 5 pistes pour aller au succès [...]