Social Networking Site - Business Model Overview

Here is a blurb or two from the business plan I'm writing- It has not been screened by any editors or our lawyer. The business plan will change dramatically and even as I am writing this someone on our team just emailed me a complete rewrite...like huge rewrite. So this is just to get a little feedback. Thanks!

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SynergyHive.com specializes in building and managing Social Networking Sites (SNS).

Our vision is to provide the tools for anyone to create their own “mytube”, “myspace” community site. Our main focus is providing a self-service online software solution allowing anyone to choose the features they want in their community. Why go to YouTube when you can set up your own MyTube, if you will, with the same functionality but tailored to the specific purposes of your blog/community, website/etc. People can create their own complex online social community site with a few clicks, but remain linked to other sites and other people through tagging, rss, and various technologies linking popular communities together.

The prospective customer will come to SynergyHive and begin by signing up for the base membership of $5.00. The members credit card will be left on file and after they begin to customize their community they will have access to several “add-ons” which will cost anywhere from $1 - $10 depending on what it is. For example adding the Video/Audio encoder to change files from AVI or MP3 to flash-streaming format will cost maybe $2 per month. Adding extra hard-drive space may cost $2 per 10 gig of space or something along these lines and depending on when the user was signed up they will pay a pro-rated fee plus a mandatory $1 setup fee.

The primary income stream will be Data-Collection. This is our little secret for now. If your real nice I can tell you. So email me privately.

If we were to simply average the estimated user base across 1,000 community sites at 10,000 members per site we would have 10 million collective members. In fact according to numerous research sources this number is highly under valued. It is our conservative view that in less than 24 months we will be collectively control the largest user base on the world-wide-web among Social Networking Communities.