Purpose - The purpose of the site is to allow people to share news stories and give their opinion on any given story. Users of the site would be able to subscribe to receive updates from a story and have that story appear on their page under 'recent stories' and also have that story appear on friends news feeds.
Content - The content of the site would mainly be the news stories appearing on the users news feed but their is also a friends list and a direct messaging system on the site. The site would also have a calendar that would serve more of a purpose in the mobile app as it would sync with your closest friends calendar's and notify you for dates relating to them such as birthdays for example.
Target user/membership - The site would be free to sign up to and the target audience of it would be people of any gender aged 13+ as the average user of social media is between the ages of 13 and 30.
Possible revenue streams - My website will make money in similar ways to other social media platforms such as Facebook or YouTube, by using ads on the news stories the site will make money every time the story is clicked. For example the ads would appear at the sides of the page when viewing a news story.
Relevant legal and ethical - I would have to make sure that I have permission for all the images shown on the site. The data of users would also need to be protected for example passwords and email addresses etc, in order to do this the website will need an SSL (Secure Sockets Layer).
Budgeting - The average cost of creating a social media website is is anywhere from £3,400 to £10,400. And to create an app it will cost about £4,500. And making the site itself is could take a group of expert engineers a few weeks to write the code. However this group of engineers would need paying. And the launch date for the website would be mid November, so 6 months from now.
Production Plan -
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