Niche Social Networks
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In emotional farewell note, Biznik founder announces closure of 10-year-old business social network

In emotional farewell note, Biznik founder announces closure of 10-year-old business social network | Niche Social Networks | Scoop.it
The couple attempted to adopt a “freemium” model, charging a $10 per month membership for those who wanted premium services on the online network. However, by 2012, Feltin noted that the model didn’t work without advertising and affiliate marketing.
Peg Corwin's insight:

Take-aways for niche social networks:


  Quote - “The larger your free user-base grows, the more people requiring support that no one’s paying for. Mix that up with our goal to not only keep the site ad-free, but our commitment to never sell our user data to an affiliate, and a change was imminent. But it wasn’t just that the revenue model doesn’t work, we also discovered that a free plan adds ‘noise’ to the relevant content and contributions, and ultimately dilutes the value of the community.”

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Niche Social Networks
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