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Don’t believe that Social Web sites are all the rage these days?  Check out these statistics from Morgan Stanley’s recent Internet Trends Report:

  • YouTube + Facebook page views > Google or Yahoo page views (and may be bigger than both combined)
  • 6/10 top internet sites are social (youtube, live.com, facebook, hi5, wikipedia, orkut); none were on the list in 2005
  • YouTube has 258 million users, 50% visit weekly or more
  • >50% of Facebook users log in daily, 95% of Facebook users have used at least one third party application
  • 14 million photos uploaded daily on Facebook

Now for our customers (or potential customers) wanting to take advantage of this trend:  Just because Social Web sites are super hot, it doesn’t mean you can succeed by just copying them.  You have to find a unique way to differentiate and stand out.  If you can find the right niche opportunity inside of the overall trend, then you have a real chance for success.  Otherwise, your Web site will get lost amongst a sea of poorly implemented copy cats.

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Geoff is a true entrepreneur. He’s passionate about helping companies find, build and grow their next big idea. He launched his first venture at age 16, when he started a computer store in a shopping mall in Sarasota, Florida. Since then, he’s built eight more companies.