Pheed: The Next Big Thing in Social Media?
Without a doubt, a Social Media has become a really hot topic in our lives in the past 5 years and it is not going anywhere, it’ll only increase and get better and evolve over time. But not all social networks make it to the ranks of millions to be seen by the world. We always hear of “the-next-greatest-idea” social network that thinks it has what it takes to compete with the likes of Facebook, Twitter, YouTube, or Instagram. Yet we also see big brands like Myspace or Google+ struggling to get in the game.
With the support of Miley Cyrus, Ashley Tisdale, David Guetta, Paris Hilton, Chris Brown, and thousands of others who have joined the site in a matter of days, Pheed seems to be ready to make it to the top ranks.
What’s Pheed? Think of it as a better looking Twitter, with more options and a business plan.
Pheed is a self-made and self-funded startup, which operates out of a rented six-acre mansion on Mulholland Drive, sort of frat house meets R&D facility. Somehow, the startup got over 200 taste-makers and celebs to sign up for the site—and quickly! Pheed only launched just a little over a month ago and has gained a lot of attention. And this was before they launched their iPhone app, which just got approval in the past 2 weeks.
So what’s new and different, if you allow social media influencers to charge for content, high quality content will be produced. Pheed enables users to share all forms of digital content, including text, photo, audio, video, and live broadcasts. “Pheeders” then have the option to share for free or at a premium, either by applying a monthly subscription fee to their channel or setting up a pay-per-view live broadcast event. Users can charge anywhere from $1.99 to $34.99 per view, or $1.99 to $34.99 per month. In both cases, the user selects their own pricing and owns all of the content. Pheed makes money by taking half of the revenue, which covers bandwidth and storage, payment processing, and of course, Pheed’s profits.
The creators at Pheed see a lot of problems with current social networks –namely, the fact that users are somewhat limited on Twitter, or bored of Facebook. There’s just too much noise, and that means most of the content quality is poor. Because of this, people become focused on gaining followers rather than using the platforms for what they’re actually meant to do: share quality content.
And by using the social connects to Facebook and Twitter, Pheed is posing a threat of taking up these influencers followers & fans and directing them to Pheed.
WE SAID THIS: how many of Paris Hilton’s 8.9 million Twitter followers or David Guetta’s 35 million Facebook fans will actually pay to view an event or subscribe to their content?
