More than half of the world’s population uses social networks. Today, on average, each person uses 8 different social networks.

The following definition can be given: a social network is an online platform that is used to communicate and create social relationships between people.

There is a lot of competition in the social media development market. However, you must understand that there is always room for new projects and opportunities for development and earnings. These can be premium subscriptions and ads.

If you have ideas, then feel free to start developing them! We’ve written a detailed article on how to make a social networking site and how much it costs. The guide also discusses how long it takes to develop and what to look for when launching a website for a social network.