Tuesday 18 September 2007

Business Social Networking- Active and Inactive Users - Xing, LinkedIn and Viadeo

Business social networking site Xing posted some impressive user growth figures; by the beginning of September Xing’s membership reached 4m, helped by its acquisition earlier this year of two Spanish networks.

With the acquisitions of Spanish social networks eConozco and Neurona, Xing said it had managed to further boost its membership. Both networks have continued to add users, with eConozco doubling its membership since the acquisition.

The company said the membership growth could also be attributed to an increase in the number of email invitations sent out by existing Xing users.

According to a recent survey (PDF) by the social network, 87% of respondents have recommended the network to friends and colleagues.

Viadeo, another ‘professional network’ surpassed the 1.6m mark this September and recently received a cash injection of £3.4m from existing investors - AGF Private Equity and Ventech. Viadeo have expanded into Europe and across Asia by forming a strategic partnership with Tianji. Together new members are joining these sites collectively at a rate of 140,000 per month.

LinkedIn, arguably the biggest 'professional network', surpassed the 10m mark earlier this year. New members are joining LinkedIn at a rate of 130,000 per week.

These companies face the tough question of…What proportion of users are currently active?
For example, of LinkedIn’s 10m users – How many of them have:
  • Abandoned their social network – due to lack of suitable contacts, being bombarded with too many requests or had too few invitations thus leaving a ‘dormant profile’ on the network
  • Provided ‘work’, ‘Hotmail’, or ‘Yahoo’ email addresses which often expire due to inactivity or a change of job, thus making notification and contact impossible?

Users are frustrated when after paying a subscription fee, they find that their exisiting contacts and newly requested contacts have abandoned the social network site, thus effectively contacting dead links.

Monday 17 September 2007

Webjam....in the spotlight

Webjam.com offers many powerful features, the ability to build communities, business and personal sites and being able to manage them with ease and efficiency. I like the flexibility in being able to use ready made templates, create a site from scratch, adopt a Webjam site or create a Webjam with content in seconds.

I like the idea that Webjam is not a closed social network group such as Facebook. Anyone who is not a member can view whole or parts of my Webjam and interact. This is an amazing feature for business users wanting to interact with potential customers and its growing niche (we recently had a project request asking if it was possible to create a site allowing non Facebook users to interact with a community on Facebook, which in its current state is not possible!)

Webjam has a bright future ahead, in that users will influence the way it evolves and will be able to request and develop many different site platforms to suit the needs of the users. For example a family may want to create family tree site enabling many users to collaborate on building a family tree using a mix of content rich media. It is applications such as this that bring in users from the outside and enable them to be part of a social eco-system.

Users access a growing number of sites on a daily basis and there is a serious need to have connectivity in one place - allowing for IP calls, networking, emails, eBay bids, RSS feeds, instant messaging, potential for online banking, online groceries to be accessible from one site. Webjam have realised this need and are beginning to provide users with their own personal 'dashboard' to the web - this of course will develop to offer an array of powerful features.