I want o create a social networking website,is that a good idea?

With all the success that myspace,facebook etc had is it a good idea to start my own social networking website?I know that i should come out with a new idea but what should i create?Will i make good money out of a social networking website?

I want o create a social networking website,is that a good idea?
I came up with a great idea for a site if you are interested I can talk to you about it.





XOXO Vixen
Reply:Go for it. There just aren't enough of those already...
Reply:NO.





There are literally hundreds, if not thousands, of social networking sites. Chances are, you didn't know that. Know why? "With all the success that myspace, facebook, etc had", noone cares for the lesser known ones, which typically aren't as good anyway.





The appeal of Myspace and Facebook is that people's friends are all on it too. No one's going to want to join a site where they don't know anyone.





Trust me, it's not worth it. It will never be as big as the others.
Reply:Not to discourage you but it will be hard. There is a lot of work involved and you are competing with big players. Plus there a bunch of social networking sites out there so your idea maybe taken already. It happened to me with my myspace knock off idea. But try it out.
Reply:odysseus blog