[BookReview] The Social Network Business Plan: 18 Strategies That Will Create Great Wealth by David Silver

Rating: 4/5

Summary


This book focuses on online recommender community, which is a platform (e.g., a website) where the members gather to rate, review, and recommend services and products. An online community will succeed since

1. It solves pain. The comments from members tend to be more authentic than what advertised by product vendors.
2. It can generate revenue from upto 19 (18+1) revenue channels.
3. It expands market with each sale. After joining, a member will be happy from valuable comments. He/she will suggest his/her friends to join the community. The words of mouths will expand the market with each sale.

Why do I like this book?

The content of the book is great. You can learn what the online recommender community is, why it works, how to proceed, how to earn revenue, and how to differentiate yourself from the others. There are a lot of business cases and interesting details in the book. If you are planning to make money off online social networking, you should definitely read this book.


What I DO NOT like about this book?

Unfortunately, I find the details of this book a bit overwhelming. There are a lot of business figures that I do not really care about. I need to really sit down and ponder as I. It requires quite a lot of attention. I can’t really say that I leisure myself reading this book. Nevertheless, after reading this book twice, I gain a lot of insight. If you are going to read this book. I would recommend reading it at least 2 times.

Table of Contents

• Introduction
• Chapter 1: Eighteen Sustainable Revenue Channels
• Chapter 2: Your Recommender Community as Theater
• Chapter 3: Mimic the Bakers and Copy Starbucks
• Chapter 4: Why Not Start Five Simultaneously?
• Chapter 5: Loyalty and Passion Builders
• Chapter 6: Disruption: The Sumptuous Impertinence
• Chapter 7: Should You Sell, or Are You Having Too Much Fun?
• Chapter 8: Wrap-Up

Please click on the chapters to read the summary.

Book or Audiobooks?

Personally, I prefer audiobooks. It's fun, and I can listen when I'm doing something else. It also makes other activities (e.g., jogging) a lot more fun. For more detail about audiobooks, please read [this post].

There is one more reason that may encourage you to go for the audiobook version. You can get it now for FREE. Audible offers you a free trial for 14 days. Even if you get the book and cancel the subscription right away (so that you don't have to pay), you can keep the book. And, don't worry if you lost the audiobook file. Just log into audible.com. You can keep downloading the over and over again.


------------------------------------------------------------------------------------------------
About the summary: It takes time to finish up a book. And, when you do, sometimes, you want to review what you learn from the book. If you do not make notes as you read, you might have to go through the book once again. This can be time-consuming when you are dealing with a book. But you can still flip through the book and locate what you are looking for

However, when the material is an audiobook, it is extremely hard to locate a specific part of content. Most likely you will have to listen to the entire audiobook once again.

This book summary will help solve the pain of having to go through the book all over again.

I am leaving out the details of the books. Most books have interesting examples and case studies, not included here. Reading the original book would be much more entertaining and enlightening. If you like the summary, you may want to get the original from the source below.