Get Four
Free Issues

Subscribe to BW
Customer Service


Full Table of Contents
Cover Story
The Future of Tech
Up Front
Up Front -- Analyze This
Readers Report
Technology & You
Media Centric
Business Outlook
The Business Week
News & Insights



Global Business
The Corporation
Media
Managing
Finance
People
Health
B-Schools
Workplace
Deals
Executive Life
Executive Life -- Parker on Wine
Personal Finance
Figures of the Week
Inside Wall Street
Ideas -- Books
Ideas -- Face Time with Maria Bartiromo
Ideas -- The Welch Way




DECEMBER 4, 2006
NEWS & INSIGHTS

There's Not Enough "Me" In MySpace

Like many aspiring musicians looking to get attention, Derek Simmons has a page on MySpace.com (NWS ) and posts his music videos on YouTube (GOOG ). But lately the main online home for his part-time hip-hop passion is his own personal social-networking site. He created it using Ning, a service co-founded by former Netscape Communications Corp. whiz kid Marc Andreessen that gives people more control over the look of their site and the way they share photos, videos, and other material. "I can dress it up so it's my own," says Simmons, a 43-year-old state worker in Orange, N.J., whose Ning site has gotten 12,000 views since he put it up two weeks ago. "It's a-l-l-l-l me."


Move over, MySpace. Just as the big online social networks are branching out, trying to reach an audience broader than teens and Gen Y, a raft of upstarts hopes to reach these same prospects. To attract older or less tech-savvy folks, they're offering ever-more-targeted services that can be personalized to people's existing social groups and interests. "We're empowering anybody to create branded, personal social networks," says Ning Chief Executive Gina Bianchini.

FOLLOWING THE HERDIt's the dawning of online social networking's cable-television era. Starting in the late 1970s, the spread of cable channels such as Home Box Office (TWX ), Nickelodeon (VIA ), and MTV started to slice and dice TV programming up into niches attractive to viewers and advertisers. Now there's a similar explosion of niche social-networking sites. They range from karaoke and photography communities on Multiply to canine sites on Dogster and community TV-style personal video sites and mothers' groups created using do-it-yourself services such as Ning and PeopleAggregator.

The big question is whether these sites, which depend largely on advertising for revenues, can overcome the awesome momentum of such leaders as News Corp.'s (NWS ) MySpace, with 130 million users and 8 million more each month, and Facebook, with 12 million people. If most of your friends are already flocking to those sites, you don't have much choice but to follow them if you want to participate.

The new services are aimed at time-starved people more interested in enriching existing relationships and interests than finding loads of new friends. Katherine Sukel belongs to MySpace because the U.S. military wives' group in Germany, where her husband is stationed, has a page. But, she adds, "I hate it. Nothing's private." So for everything else, such as sharing baby photos with friends and relatives, she has her own personal network page on Multiply.com, which she checks three or four times a day.

The incumbents aren't standing still, though. Facebook is branching out from its college roots to business and regional groups. "There is always the opportunity for niche markets," says Melanie Deitch, Facebook's director of marketing. "But people are savvy, and they're going to stick to those that are doing it well."
 READER COMMENTS





By Robert D. Hof

 BW MALL   SPONSORED LINKS
Buy a link now!

Get BusinessWeek directly on your desktop with our RSS feeds.XML

Add BusinessWeek news to your Web site with our headline feed.

Click to buy an e-print or reprint of a BusinessWeek or BusinessWeek Online story or video.

To subscribe online to BusinessWeek magazine, please click here.

Learn more, go to the BusinessWeekOnline home page

Back to Top



TODAY'S MOST POPULAR STORIES

  1. What Dubai Means for Emerging Markets
  2. Now Hiring: Contract Workers?
  3. In Hunt for Students, Business Schools Go Global
  4. India's Economy Shows Surprising Growth
  5. Online Retailers: An Early Holiday Peak?

Get Free RSS Feed >>
  MARKET INFO
DJIA 10344.84 +34.92
S&P 500 1095.63 +8.36
Nasdaq 2144.6 +6.16

Portfolio Service Update

Stock Lookup

Enter name or ticker



Media Kit | Special Sections | MarketPlace | Knowledge Centers
McGraw-Hill Cos.