Is It Possible Build A Social Media Site For 50-60k?
my sole belief in things like this is that yes, you can get it almost for free utilizing the software/frameworks out there. But then again it depends on what you want to achieve with the platform in the future.
If you intend to make the platform something out of the ordinary totally, then the budget is going to be tight. Yet if you say that you want to develop a niche social media platform for a certain group of people that is to be appealing but needs to be nothing out of the ordinary than yes, you can definitly calculate about 2/3s of the costs you have depicted in your question.
See, the problem with the costs for bandwidth can pretty easily be solved (at least for the moment) using external podcasting sites to host your content. This way the bandwidth consumed by the other provider and not by your servers. Same applies for live streaming. Chat, blogging and co. are pretty much bandwidth neutral and hardly use any real traffic.
The most important and key feature of every SOCIAL MEDIA plan should however be an ingenious and widespread function to invite new members to contribute. All popular services like Gmail, Y!, Live, LinkedIn, Facebook, etc. pp., (and – IMPORTANT – CSV import) have to be available in order for your existing members to easily invite new content contributers. Further more, make sure that you ascertain as much information about your users as possible because that is what determins the worth and value of a social network. And it also allows you to implement intelligent advertising platforms.
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