Here are just a few of the latest headlines in the social networking realm. Both positive and negative, the social networking space is shifting and evolving with every day that passes as the expanding force of social networks adjust and re-adjust their approaches and strategies in light of changing statistics, problems, and breakthroughs.

It’s interesting to note that it seems more and more people are realizing that turnkey social networking platforms (e.g. “launch your social network in minutes!”) may not always be the best route to take. A custom, scalable social networking website built with innovative spins on “same-old-same-old” features combined with a new level of usability and integration with other non-networking based features may be the way of the future. It’s still very possible to create a hit as exciting news in mobile social networking, continued interest, and a shake-out of the clutter leaves room for the remarkable sites to rise to the top.

• Mobile Social Networking Revenues Could Reach $52 Billion Within 4 Years
  “Mobile Social Networking is already an established service in some regions, but in 2008 and beyond new features are attracting larger numbers of users and permitting new business opportunities. Mobile Social Networking is now a global phenomenon with expansion in all directions.”
  Couldn’t agree more and that’s why our entire team is focused on mobile social networking as the next level of our custom social networking services…
• Facebook’s Membership “Stickiness”
  “Are you a member of Facebook.com? You may have a lifetime contract.”
  They’re at it again!
• The Many Challenges of Social Network Sites
  “From white label social networks to existing social networks like Facebook, MySpace, Bebo, and on, there’s been much hoopa raised. Yet, we should always remember the challenges that are facing these tools, as there are many difficulties to overcome.”
  Excellent points of contention; each obstacle can be overcome, but the overall lesson is that it isn’t easy to build a vibrant community and a great deal of strategy, planning, and innovation should exist in order to spawn success.
• Social Networks Still Going Strong, Engagement Leveling Off
  “Stats to be released tomorrow by comScore show that traffic to most of the top social networking sites is continuing to increase in the US, although the amount of time users spend on such sites is leveling off. For example, while MySpace is showing 11.6% year-to-year growth in unique visitors and Facebook is up 78.6%, the amount of time the average user spends on each site is down 10.4% and up just 1.1%, respectively.”
  Time spent and repetition of visits will be the name of the game as social networking evolves.

In what’s becoming a crowded space (though don’t get me wrong, there is still much seating and standing room), social networking websites in mass have “officially” arrived. Sure, the industry powerhouses have been around for some time now, but over the last couple of years it’s feeling like “Star Wars — Attack of the Clones” with all of the social networking websites cropping up around this niche and that specialty and those demographics. It’s similar to the domain name explosion or the rise of e-commerce; more often than not if you can think it, chances are there’s a social network around it.

So what’s my point, you ask? The point is, if you’re going to build a successful social networking website and you want a vibrant community (as no matter what your goals are with the website, community will be critical), you must avoid the idea of simple cloning what’s already out there. Sure, the up-and-coming social networking platforms (like Ning and Pringo Networks) can put the power of deploying a social networking website in the hands of anyone. And, for many, this approach will work extremely well (we’ve launched 5 or 6 Ning networks ourselves!), but sometimes a mass-market solution is only a solution to a mass-market problem. And with the mass-markets being heavily drooled over by the likes of Facebook and mySpace, the smaller markets are becoming king. Small IS the new big when it comes to social networking, apparently, and therefore it matters what platform you use and how many others use the same.

But it’s not just about a more custom social networking site, though. This certainly won’t ensure growth… you can get a social network created free via Ning or you can spend $250k on developing a completely custom monster, but at the end of the day the money you spent doesn’t mean piddly if the rest of the recipe is out-of-wack. In fact, it can’t be narrowed down to your design, your innovative functionalities, or your clever branding either.

It’s: a passionate topic/niche + a vibrant community + an innovative spin on integrating social networking functionalities = a solid platform to build from. Disappointed? If you’re were hoping for the “make it big in social networking” winning formula, I’m sorry to let you down! It’s that same thinking, though, that you MUST fight. There is NO standard formula or method for social networking success. And the problem is, too many are trying to find or build sites using just that kind of thinking!

So… back to reality: how can you build on that solid social networking platform you have? To start:

• Write (or have written) better copy (or different or cooler or sexier or more entertaining)
• Ask different (or more intuitive or funny) profile questions
• Use innovative spins on traditional methods and technology (e.g. a new spin on user dashboards or a new way of searching profiles, etc…)
• Employ unique ways of showing boring data (can stats, rankings, points, stars, levels, thresholds be expanded into remarkable visuals?)
• Be proactive (just because you don’t have to do something doesn’t mean it won’t help in 6 months)
• Make it viral (viruses don’t spread without a method of transmission, neither will your social network)
• Pat them on the back (give your users incentives, rewards, titles, roles, or whatever it will take to pat them on the back and make them feel good about themselves… it’s simple, but it works every time!)

Want more ideas on how you can set apart your social networking website? Then check out the following:

• Social Networking Differentiation
• Ideas for Differentiating a Social Networking Application