Social Networks are becoming a force to be reckoned with in any industry, especially when the users are in complete control of the content, and rapidly building the network. Myspace and Facebook are among the top 6 most visited sites in the world, averaging almost 100 Billion Page Views per month. Rather than focusing on becoming the next MySpace or the next Facebook, you should focus your efforts on building a Social Network that serves a purpose and unites the members of a particular niche.
Your key is to enter and dominate different niches, build a Social Network just for them, where your subscribers, prospects, and customers can interact with one another, and learn from each other. Surround your products and services around your network, and you will experience the massive success that these networks have to offer.