Is Now the Right Time to Start a Social Media App?
I bet Now is the best time to start a social media app. It’s no secret that social media has become one of the biggest industries in the world with billions of users across the globe relying on its services for communication, entertainment, news, and more.
But What Makes Starting a Social Media App Harder?
Starting a social media app can be difficult for several reasons.
- First, the competition in this market is intense; there are already many successful apps on both iOS and Android devices.
- Second, it takes significant resources to create an engaging and appealing user experience. Social media apps require substantial design and development work, as well as frequent updates to keep the content fresh and attractive for users.
- Third, marketing your social media app can be expensive and time-consuming particularly if you’re competing against established brands.
- Finally, monetizing your app (e.g., through ads or paid subscriptions) requires careful consideration of various user needs and privacy laws.
So Why Now is The Right Time?
Now is the right time to start social media because existing social media platforms such as Facebook, Vero, Twitter, Instagram, TikTok, Snapchat, and YouTube are all struggling in some way.
- Facebook is losing its prominence due to decreased Engagement
- Be real and Vero seek to dominate the market by offering more authentic experiences compared to traditional social networking sites
- Twitter is … Twitter 😂
- Instagram is struggling with adapting its algorithm change to its audience’s expectations
- Tiktok is facing backlash from multiple countries due to privacy concerns and challenges posed to younger generations’ mental health and well-being
This presents an opportunity for a new social media platform as people crave something that can satisfy their need for something different from what has been around so far.
Besides that, Monetizing your app has never been easier thanks to payment integrations like Chapa, Telebirr, and Yene Pay. With these platforms, you can now easily integrate Ad networks like @ruqad and monetize your app with ease.
Tips on Starting A Social Media App!
If you’re interest peaks, after all, we discussed above then here are some tips on how to build your own social media application:
- If you’re looking to start a social media app, consider doing research on your target market to identify and address the needs of a niche audience such as sports lovers or university students.
- You don’t need all the bells and whistles that many popular apps have; instead, focus on key features.
- As with any endeavor, proper promotion is essential and will likely require a good investment.
- Incorporating the agile product development methodology into your development process allows for continual improvement, adaptation, and modification of features based on user feedback.
- Analyzing user behavior after launching your app is a valuable way to meet users’ needs.
NOTE: If you are a developer
This is not the right time to start a social media platform. Social media takes a lot of time and energy to build a loyal following that will use and support your platform. Starting a new platform during times of economic uncertainty and social change is challenging and not recommended.
Additionally, it can be difficult for new platforms to compete with larger, established networks due to the size of their user base and resources. Therefore, it’s better to spend your time researching how other networks have achieved success and building strategies to launch an effective platform before actually coding.
Thanks for reading. If you have some time you can also see other articles completely unrelated to this topics like
- My Note for Graphics Designers
- Disrupting the cafe Industry in Ethiopia ( LOL 🤣 )
- Documentation Driven Development — The Only Way to Code
- Uncover The Truth About Starting A Business (Start-Up) & Why Everyone Is Obsessed With It
or you could clap for more and follow me for the next post
