When's the Right Time to Jump into a New Social Network? | Ep. #1124

Nomzy Stholly

4 min

Investing & Markets

Description

In episode #1124, we discuss when you should start using a new social network. Tune in to hear when you should leverage a trending new social network. TIME-STAMPED SHOW NOTES: <ul> <li>[00:25] Today’s Topic: The Right Time to Jump into a New Social Network</li> <li>[00:34] <a href= "https://www.tiktok.com/en/">TikTok</a> is a new social network that has taken off.</li> <li>[00:45] It’s easier if you’re an early adopter, but if you have the money, wait for the new site to establish itself.</li> <li>[01:15] Just because <a href="https://www.snapchat.com/">Snapchat</a> is popular, doesn’t mean you can go in there and figure out how to monetize.</li> <li>[02:35] Neil’s rule of thumb is that if a social network has less than $1 billion market cap, he doesn’t pay attention to them.</li> <li>[02:50] Social networks are based off of user growth, not actual value.</li> <li>[03:15] If the network is growing and they are being talked about, look into it.</li> <li>[03:45] TikTok’s current revenue is well into the millions.</li> <li>[03:47] That’s it for today!</li> <li>[03:50] Go to <a href= "https://marketingschool.io/live">Marketing School</a> to check out a video that will help you grow your business and to sign up for our live Mastermind.</li> </ul> Leave some feedback: <ul cl

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Episodes

When's the Right Time to Jump into a New Social Network? | Ep. #1124

Nomzy Stholly

4:54