WannaNetwork.com announced on their blog today that they would be closing the doors on their real estate social network as of September 30, 2009, including their forums, blogs, profiles, and groups. Citing a “plague of vicious spammers,” and a “failure to attain a viable revenue model”, the company explained that they will be transforming the site into a multi-author blog site for the real estate industry.
Unfortunately, our vision to provide a free high traffic real estate social networking solution for industry professionals has attracted the wrong crowd.
Basically, it is a full-time job managing and developing a multi-user blogging platform that is constantly plagued with vicious spammers.
While we have done our absolute best over the past three years to provide our members with a powerful online presence for free, we have ultimately failed at integrating a viable revenue model that will support the evolving demands industry professionals need with online technology.
After weighing the options of either charging for blogs, selling more advertising, or exploring affiliate marketing relationships, we’ve decided to simplify things by moving our few real members to one multi-contributor blogging platform.
Sadly, WannaNetwork isn’t the only site plagued with an overrun of spam. I’m starting to see many of the other major (Twitter, Facebook, etc.) and minor social networks suffer from this as well.
Extending a BiggerPockets Welcome to WannaNetwork Members
I would like to extend a warm welcome to any of the WannaNetwork members who are looking for a SPAM-FREE real estate networking experience. We at BiggerPockets have made it our mission to provide a safe place for investors and professionals to network, and we hope that you’ll consider joining the close to 40,000 members already networking on BP. Our continuing mission to build the most viable, safe environment for real estate aficionados, and our pledge to maintain a spam-free zone will help us drive our growth in the years to come. We hope you’ll all join us on that mission.
We’re also a relatively small company that is not funded with millions, but our passionate members, staff, volunteers, and corporate leadership will help to continue allowing us to drive forward for the long-term future.
We wish Tony Sena and his team well in their future endeavors.