Social Networking Sites growing in Singapore.

Just looking at the new media.. and because of web2.0, they are now marching into the hearts of
Singaporeans as reported by Channel News Asia...

" Social networking sites, such as Facebook and MySpace, have been around for less than five years, but they are already very much part of the Web 2.0 revolution taking place right now.

Not only are they changing the way people socialise, they are also making traditional businesses sit up and take notice.

It is estimated that about 194 million people around the world are managing at least one profile on a social networking site.

And with 800 million internet users still not registered with such sites, the potential for growth is overwhelming.

A recent study showed Friendster leading the race in the Asia Pacific region, followed by Facebook, Orkut and MySpace.

As proof of its popularity, 14 per cent of Friendster's global traffic comes from Singapore compared with only 3 per cent from the United States.

One key point for its success in attracting advertising is: The various applications on such sites also allow for better advertising.

Google's Open Social platform, for example, is being used by developers to create one-size-fits-all applications or widgets."

I actually have opened many accounts too, on Friendster, Facebook and My Space being the main one, but there are others too, much smaller ones such as Tagged, Linkedin, etc

On advertising, a friend has tried to use this social networking method to do his marketing of t-shirt, it is in the early days, I think there is a great promise in this new phenomenon.

For the details of the part on CNA report... click this link