Money Two Oh

Viral Networks: how viral can you get?

Thursday, 09. 18. 2008  –  Category: The Reviewer

Yesterday I read John Chow’s post about Viral Networks. It managed to make me curious so I put it on the To-Do pile and today I did sign up.

I’m still curious about the whole thing. Viral Networks is supposed to be a social network for Internet Marketers and the like. So far so good.

But the whole stuff isn’t yet functional. They’re in pre launch. They are building a user base and so they offer cool prizes to the members that get the most referrals.

The contest is nice. But I’m not really interested in it. I’m more on seeing what will the site make for us all. It seems that

the system is set up so you can earn credits for referring new members to the network. The referral system is multi-tiered, meaning that you also earn more credits if the member you referred refers another member. Not only do credits count towards the Revenue Sharing Pool qualification, but they also count towards building a reputation and rank within the site.

Members earned credits by doing thing you would normally do on other social networks - upload a video, start a group, making a post, referring new members, etc. The more active you are, the more credits you earn. If you refer a new member, you receive 10% of whatever credit that member generates. And if the new member refers someone else, you get 10% of the new member as well, down to five levels.

I’m not yet sure what to think about the whole thing. I guess I’ll have to see it work to come up with an opinion.

How about you? Any opinions? Ideas? Thoughts? Anything to say at all? You may want to join and wander around a little, like I did, and then come back and put in your two cents…

Tags: internet marketers, john chow, marketer, new member, referral system, referrals, reputation, social networks