subject: PeopleString Hopes to Be a First-String Player [print this page] PeopleString Hopes to Be a First-String Player
The PeopleString Network is a strong young hopeful in the world of social networking that is currently dominated by Facebook, Twitter, and MySpace. Their strategy in ascertaining a healthy share of the market is to offer a profit-sharing plan to members of the site. While networks like Facebook retain all advertisement revenue, PeopleString projects that it will be able to distribute up to 70% of its profits right back to its members.
However, the PeopleString Network is not the first company of its kind to make an attempt at utilizing this concept. In the past few years alone, there have been several social networking firms that have tried to attract members with the same sort of business plan. With online social interaction being a medium that looks like it is here to stay, they probably will not be the last, either. The biggest obstacle with this strategy is to prove that its users will actually gain back more than their initial membership fee.
Let's explore the functionality of the PeopleString network.
PeopleString offers two membership options; one being the profit-sharing plan which will require a fee, and the other being a free membership. The latter will undoubtedly be the most enticing to the majority of people who regularly use the current online media heavyweights such as Facebook and YouTube, as these sites all offer their services at no cost to the users and most likely will for the foreseeable future. It would be a bit far-fetched to expect these users to agree to pay a fee to join a social network that has not made a name for itself yet.
Although the free membership obviously does not offer any unearned share of PeopleString's revenue, it does come with several attractive features. A non-paying member is provided with access to the network, which is easy to use as it contains a very similar interface to that on Facebook. The email function on the site provides two gigabytes of storage space, a video messaging service capable of supporting messages up to one full minute, and an option to send untraceable emails. They also offer rewards for referrals up to a 5% revenue share.
The fee for paying members is $200. The benefits of this option include unlimited email with IMAP and POP3 support, no size restrictions with the use of the video messaging service, and the ownership of personal web domain names. Perhaps the most attractive of all is the fact that the revenue share offered for a personal referral is 20% rather than five.
The commissions acquired per account under this compensation model will not be a great amount. In order to earn a significant amount of cash, one will need thousands of referrals. With the majority of network users opting for the free membership plan, the volume of significant contributions will be minute.
Only time will tell if PeopleString's version of this business model will stand up against the social giants that currently rule the market. It should be noted that a major flaw in this whole program is that very little training or marketing tools are furnished by the company. This means that representatives hoping to expose the business to the thousands of potential customers needed to see any substantial growth will have to utilize the services of a separate internet marketing system on their own.
Failing to acknowledge the significance of having a strong and well-equipped core of marketing distribution is an all-to-common lapse in judgment. A feeble marketing operation can be a one-way ticket to financial ruin. In order to take full advantage of the compensation plan offered by PeopleString, one will need to become an online marketing virtuoso. Success will come with being recognized as a leading representative for those wishing to add PeopleString to their business portfolio.
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