There is a social networking site called FriendsWin that
claims to be the next MySpace. Friends Win also claims
those who join early will become millionaires because
members will be paid on their entire network of friends.
Are these two claims valid?
Social networking sites like MySpace, Facebook or Hi5 are
popular because millions of people visit and participate in
them everyday making them rank as the most visited websites
in the world.
Since these social networking sites generate so much
traffic, they also generate tons of money in advertising
revenue. This makes them highly lucrative to those who have
shares in their ownership.
How many times have you gone to My Space and seen ads from
dating sites such as Match.com or E-Harmony etc. or banners
about a new movie coming out or a musician's new album for
example.
There is no doubt social networking sites are cash cows.
Well, let's look at the social networking site called
FriendsWin and their two claims of becoming the next
MySpace and creating millionaires and see if its justified.
1) What Is FriendsWin?
It is a social networking site that pays you on your entire
social network. Each member pays $9.97 a month and earns
commissions off of every other member they are connected to
directly and indirectly.
2) Will People Choose To Join Another Social Network?
Social networking sites like MySpace, Facebook and Hi5
among others are growing at a rate of 89% a year
automatically, then we would have to assume the same growth
trend would hold true for others such as Friends Win.
But why would someone choose to join a social network where
they have to pay $9.97 a month where they could just get
the same services for free somewhere else?
3) Your Products
Along with all of the other features that the other
networks offer, Friends Win has additional features in the
fields of video communication such as video dating, video
resume and video business conferencing.
Friends Win combines the 4 biggest trends in the world
right now into one communications platform which means a
platform that will generate a lot of money.
These trends are, social networking, online dating, the
employment industry, and the Internet home-based business
industry.
4) Your Compensation Plan
The compensation plan in your Friends Win opportunity will
focus mainly on a 5x8 Super Matrix.
This is not a so-called pyramid scheme but a systematic
matrix structured so all members get paid on their entire
networks of contacts and friends.
Each member starts with 5 people on the first level and
proceeds down by multiples of 5 until you reach the eighth
tier with 390,625 possible members.
So are the two claims that FriendsWin make as far as being
the next MySpace and creating millionaires valid? We'll
just have to watch and see.
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About the Author: Go to Tim McGaffin's blog at…
http://friendswinchampions.blogspot.com to see why he is a
champion who believes in giving back and helping others
achieve their dreams.
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