In today's digital era, where the constant influx of information can be overwhelming, people are seeking more curated and meaningful connections through social networks. The fatigue around swiping and liking static content has paved the way for the rise of vertical social networks. These platforms cater to specific interests and enable users to share content that is unique to their niche, setting them apart from traditional social media platforms.

Kazuki Nakayashiki

Hatched by Kazuki Nakayashiki

Aug 23, 2023

4 min read

0

In today's digital era, where the constant influx of information can be overwhelming, people are seeking more curated and meaningful connections through social networks. The fatigue around swiping and liking static content has paved the way for the rise of vertical social networks. These platforms cater to specific interests and enable users to share content that is unique to their niche, setting them apart from traditional social media platforms.

What sets vertical social networks apart is their ability to provide the best tools for sharing content. Even if a certain type of content can be posted elsewhere, these platforms offer enhancements that allow users to elevate their status within their existing network. This approach has proven successful for platforms like LinkedIn, Clubhouse, and Quora, as users are drawn to the opportunity to build a following and establish themselves either personally or professionally.

Another key aspect of vertical social networks is their role as a "System of Record." These platforms hold all the important data related to user profiles and interactions within the community. This not only encourages frequent engagement but also makes it harder for users to leave the platform. By becoming the go-to destination for a specific interest or industry, these networks become a valuable resource for users, ensuring their continued participation.

The advent of new devices also presents an opportunity for the growth of vertical social networks. As new devices or advancements in functionality emerge, they expand the ways in which users can be "present" on social products. This opens up new opportunities for innovative content and experiences, which can serve as a launching point for new social networks. A prime example of this is Snap, whose success was fueled by the introduction of augmented reality (AR) filters, attracting users beyond its initial target demographic of high school students.

Furthermore, the concept of curation plays a crucial role in the success of social networks. Curators act as life preservers for the web, sifting through the vast sea of content to find the true gems. These individuals are domain experts or have a deep passion for a particular topic, dedicating countless hours to curating the best resources available. The value of curation lies in its focus on quality rather than quantity. By presenting users with carefully selected content, curators provide a valuable service that saves people from drowning in the overwhelming amount of information available.

Combining the concepts of vertical social networks and curation creates a powerful combination. Vertical social networks can leverage the expertise of curators to offer users a highly curated and tailored experience. By partnering with curators or integrating curated content into their platforms, vertical social networks can ensure that users are consistently exposed to high-quality and relevant content. This approach not only enhances the user experience but also sets these networks apart from the content overload experienced on traditional social media platforms.

To succeed in this space, here are three actionable pieces of advice:

  1. Identify an untapped niche: Conduct thorough market research to identify a specific interest or industry that is underserved by existing social networks. By targeting a niche with passionate and engaged users, you can carve out a unique space for your vertical social network.

  2. Foster community engagement: Encourage active participation and frequent engagement within your network by providing users with tools and features that enhance their status and offer opportunities for personal or professional growth. Building a strong community will not only increase user retention but also attract new users through word-of-mouth.

  3. Embrace curation: Partner with curators who are experts in the chosen niche to provide users with curated content that is relevant and of high quality. By incorporating curation as a service within your platform, you can differentiate yourself and offer users a valuable resource they can trust.

In conclusion, the next billion-dollar consumer startup is likely to emerge from the realm of vertical social networks. These platforms address the growing demand for more curated and meaningful connections, offering users a unique digital experience based on their specific interests. By providing the best tools, acting as a system of record, leveraging new devices, and embracing curation, vertical social networks have the potential to disrupt the social media landscape and create a new wave of successful consumer companies.

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