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how many users on my site?

Arvind Mahendra
Ranch Hand

Joined: Jul 14, 2007
Posts: 1162
I need to found this social networking site ASAP. My question is how many users do I need to have to be able to pay off cost of operations? Are 50 users ok. Any books or nice references on this?
[ September 10, 2008: Message edited by: Arvind Birla ]

I want to be like marc
David O'Meara
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Joined: Mar 06, 2001
Posts: 13459

David O'Meara
Rancher

Joined: Mar 06, 2001
Posts: 13459

Sorry, I'm back now.
Nope...
Ernest Friedman-Hill
author and iconoclast
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Joined: Jul 08, 2003
Posts: 24168
    
  30

57.


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David O'Meara
Rancher

Joined: Mar 06, 2001
Posts: 13459

But you can't count yourself if you're here.
Arvind Mahendra
Ranch Hand

Joined: Jul 14, 2007
Posts: 1162
ok I got 2 more who agreed in principle to the idea of signing up so that makes 5. Seriously will I ever be able to make money with it? I want to try it as an experiment and something I put in my resume for when I'm old like you guys.
David O'Meara
Rancher

Joined: Mar 06, 2001
Posts: 13459

Be fair, how long is a piece of string?

My question is how many users do I need to have to be able to pay off cost of operations?

What costs will you incur before you start drawing an income?
What will your ongoing costs be?
How do you plan to draw revenue?

There is no 'magic number of users' equation. If you want to draw comparisons to the Ranch, we have well over 100,000 users and huge number of unique visitors per month and we only just manage to support a paid staff of zero.
Arvind Mahendra
Ranch Hand

Joined: Jul 14, 2007
Posts: 1162
Originally posted by David O'Meara:
Be fair, how long is a piece of string?


What costs will you incur before you start drawing an income?
What will your ongoing costs be?
How do you plan to draw revenue?

There is no 'magic number of users' equation. If you want to draw comparisons to the Ranch, we have well over 100,000 users and huge number of unique visitors per month and we only just manage to support a paid staff of zero.

I dont expect startup costs for the rights to a domain name+hosting too be more than 10 dollars so thats not much. The app itself should be the biggest cost an fb clone might cost me anything in the range of 500-1800. I may have to exceed budget on this. I could save this cost by getting acquainted well with Php and extend some kind of open source app but I don't have the inclination to do so. Then comes marketing costs. I have no idea how much advertising on the net would cost, printing flyers maybe to hand out to people. I think the first step would be to identify a niche where the playing field is still open. As for revenue,I think I would have to have some kind of business model like fb where if I get big enough I could sell profiles to interested companies till then I think I would consider myself lucky to get enough revenue from ad clicks to cover the domain rental and hosting cost.
Bear Bibeault
Author and ninkuma
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Joined: Jan 10, 2002
Posts: 60080
    
  65

Originally posted by Arvind Birla:
for when I'm old like you guys.
You will never be as old as me. Give it up.


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marc weber
Sheriff

Joined: Aug 31, 2004
Posts: 11343

Originally posted by Arvind Birla:
...how many users do I need to have to be able to pay off cost of operations? ...

A single user will suffice, if it's the right user. Otherwise, there might be some division involved.


"We're kind of on the level of crossword puzzle writers... And no one ever goes to them and gives them an award." ~Joe Strummer
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Scott Selikoff
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Joined: Oct 23, 2005
Posts: 3697
    
    5

For a true facebook clone? $400,000. And thats if you get it cheap. Good luck!


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Ilja Preuss
author
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Joined: Jul 11, 2001
Posts: 14112
42


The soul is dyed the color of its thoughts. Think only on those things that are in line with your principles and can bear the light of day. The content of your character is your choice. Day by day, what you do is who you become. Your integrity is your destiny - it is the light that guides your way. - Heraclitus
 
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