Get Rewards for Social Networking
with Network Buddies
Start-Up Network Buddies
seeks user votes & support to launch rewards-based social networking
concept.
(PRWEB) -- Plans were
announced today to begin concept development of the first social network
to offer item rewards and cash rewards for member participation. The
announcement comes from Mohammed Walji of the start-up Network Buddies,
which has entered the business idea in this year?s Take One Small Step
business development competition hosted by Barclays. The business idea
centers on a reward system that offers prizes and cash to Web users for
doing what they love and what they spend hours per day doing already.
Get rewarded for social
networking. Vote to back the Network Buddies social networking concept
today!
The Network Buddies concept first came
about while researching the popularity of social networks such as
Facebook and Twitter. Statistics from a
Nielsen media research study earlier
this year suggest that the average user spends roughly 7 hours per month
on Facebook alone, with some users spending as much as 55 minutes per
day. Users also spend 2 to 3 hours on additional social networking sites
such as Twitter and YouTube. Network Buddies concept founder Mohammed
Walji says this is a perfect opportunity for users to get something back
from the major social networks that they help to make popular. ?Many
social networks make billions of dollars per year on advertising and
services driven by members, but few do anything to share that revenue
with members. Unfortunately, members are hardly ever rewarded for
helping to make social networks as popular as they are,? says Walji.
?Why should social networking users not be compensated or rewarded for
their continued support? The Network Buddies idea seeks to close this
gap by creating an International space where members can get rewards,
including cash rewards, simply for logging in and participating. If
they?re going to do it on a daily basis anyway, they might as well have
the opportunity to get a little more for their time and support.?
The Network Buddies concept will be based on a point reward system.
Users will have the ability to earn points for every action they take on
the social network, from signing up and logging in to more common
actions like commenting on a photo. The point reward system may also
allow users to earn points by referring friends or viewing sponsor ads.
Users will then be able to convert their points to get rewards (brand
name merchandise, electronics and some consumer services may be among
prizes offered) or convert their points into cash rewards. Such a reward
system can be beneficial for recreational users who are interested in
connecting with friends and family online and are looking to own the
latest gadgets, electronics and home items. Hobby income earners,
regular affiliates and even students can gain side income through the
reward system for their referrals. The Network Buddies reward system can
also benefit business owners who use social networks to promote their
businesses on a daily and weekly basis through cash rewards, items or
services that can be used in their offices and premium advertising
space. With the number of hours that recreational users and business
owners alike already spend on social networks, there is a significant
opportunity to get rewards, money and exposure for their time
Network Buddies is currently looking for Web users who enjoy social
networking to support the idea. The more the idea is
backed during this preliminary phase of the Barclays Take One Small Step
business development competition, the better its chances of becoming a
finalist. The winning idea will be awarded 10,000 Euros in development
funding, as well as professional business development services from
Barclays. Network Buddies is seeking 4,000+ votes to help make its
concept of the first social network to offer rewards a reality for Web
users across the world, and has already gained the support of 550
voters. Says Walji of the social networking rewards idea, ?If you enjoy
playing around on sites like Facebook in your spare time, then you
should be rewarded for the constant support you?re giving to that site.
Network Buddies will offer this opportunity. The more time you spend on
the site, the more points you?ll earn. The more points, the bigger and
better the rewards will be. If you?re going to spend hours per day or
per month using social networks, they might as well be doubly productive
hours.? Social networking fans can show support for this business idea
in the 2010 Barclays competition by backing the idea on the competition
entry page and sharing with friends via their favorite social networks
and social bookmarking sites, or by scrolling right in the website below
and submitting the quick form. Voters can also leave comments with
suggestions for features that can be added once the social network
begins development. For more information, please visit http://bit.ly/rewards-for-social-networking
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