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The new “Rich Kids” social media app has a membership fee of $1,000 a month

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Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#31

Post by missbit »

funkyy wrote: post #14
missbit wrote: post #8

fail. I don't think rich kids want to be known as rich kids. Even to other rich kids! There are a few that might, but those are the current stars of Snapchat & are probably already under contract.

You don't know many truly rich kids, do you? I mean really rich, not doctors kids, but actual multimillionaires kids. I knew them a bit and private paid social network would suit them well.

i know some rich adults & they certainly don't want to be known as rich.

Just the term "rich kids" -- I doubt a rich kid would want to associate.

I hope they didn't spend too long writing the app -- well just to get this far, creating & launching the thing - that's not a fail. Hopefully they didn't outsource, though I suppose that's a skill too.

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#32

Post by yakult »

bookworm_420 wrote: post #2

“Only members of Rich Kids can share photos. To become a member, users have to subscribe to Rich Kids Membership. To ensure the quality and exclusivity of our members the membership is set to be $1,000 per month.” This is pure genius if you ask me. Hits them right in the Ego. It's going to be a huge success.

It's a bootstrapping problem. People would only fork over that kind of cash if all the cool kids are already on it.

It might work if the founders are already movers and shakers at the center of that world, and they use their personal influence to sign up a lot of high value people they know all at once.

Alternatively, maybe you hire a few professional trolls to flaunt their (not necessarily real) wealth in the most obnoxious ways possible, get Gawker's spiritual successors to write some clickbait about it, and attract actual rich kids with the free notoriety.

Alternatively #2, maybe it's a front for a high-end escort service, or drugs, or some other service of questionable legality. The trick being you have to sign up online and go through some other backchannel to get the actual service. So you can sign up and get plausible deniability with the money changing hands.

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#33

Post by dspillett »

adrianratnapala wrote: post #6

I hope it succeeds and then charges downmarket to invade the middlebrow space where the big profits are (and which Facebook originally catered to with its own kind of snobbishness.) I want to see more of the web paid for directly, rather than funded through snooping. If some platform becomes hip because it is paid for, then it will give people food for thought. A $50/month "social network", including whatever addons…

> I want to see more of the web paid for directly, rather than funded through snooping.

Call me cynical, but I don't think that will ever happen.

Even if it starts out that way, once the number of users stabilises and the board/investors/other still want commercial growth someone will notice how easy it would be to track the users and sell the resulting data and you'll be paying both directly and by having yourself tracked & sold in the background.

The information would be much more valuable than that for general web users too: you are automatically pre-selecting for people with enough disposable income that they'll pay $50/month for a social network subscription (to use your example).

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#34

Post by jypepin »

madaxe_again wrote: post #18
bookworm_420 wrote: post #2

“Only members of Rich Kids can share photos. To become a member, users have to subscribe to Rich Kids Membership. To ensure the quality and exclusivity of our members the membership is set to be $1,000 per month.” This is pure genius if you ask me. Hits them right in the Ego. It's going to be a huge success.

It's not a new concept - see asmallworld, who are an "elite" social network, who started charging exorbitant membership fees a few years back.

"exorbitant" is ~$100/year. really far from the 1000/month this app is asking.

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#36

Post by harperlee »

yakult wrote: post #32
bookworm_420 wrote: post #2

“Only members of Rich Kids can share photos. To become a member, users have to subscribe to Rich Kids Membership. To ensure the quality and exclusivity of our members the membership is set to be $1,000 per month.” This is pure genius if you ask me. Hits them right in the Ego. It's going to be a huge success.

It's a bootstrapping problem. People would only fork over that kind of cash if all the cool kids are already on it. It might work if the founders are already movers and shakers at the center of that world, and they use their personal influence to sign up a lot of high value people they know all at once. Alternatively, maybe you hire a few professional trolls to flaunt their (not necessarily real) wealth in the most o…

They can also gift "1000$/month" subscriptions to a group to bootstrap. That both seems like a huge gift if they are already charging that amount to other people, so the receivers are moved to use it, and it is super cheap for them as real marketing expense - that can perhaps even write off as the full dollar amount.

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#37

Post by charlesdm »

imtringued wrote: post #26
onion2k wrote: post #17

Earlier quoted context omitted.

What makes you think people who could afford that have trouble finding a date?

When both parties pay the fee that filters out people that date someone only for the money.

Which, if you ask me, sounds like a valid reason to pay the fee if you're wealthy. Most wealthy people tend to have their guard up when it comes to money (often for good reason).

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#38

Post by user5994461 »

adrianratnapala wrote: post #6

I hope it succeeds and then charges downmarket to invade the middlebrow space where the big profits are (and which Facebook originally catered to with its own kind of snobbishness.) I want to see more of the web paid for directly, rather than funded through snooping. If some platform becomes hip because it is paid for, then it will give people food for thought. A $50/month "social network", including whatever addons…

> A $50/month "social network"...

OMG. That's one month of disposable income.

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#39

Post by siscia »

enraged_camel wrote: post #22
onion2k wrote: post #16

Earlier quoted context omitted.

A $50/month "social network"... ...would be beyond the budget of a large part of the population. Not many people have $600/year to spend on a communications tool. The simple fact is, while it's quite distasteful, paying for services by giving away access to your social profile and contact information is a great leveller. Everyone can afford it if they choose to, so everyone gets to access the benefits of social media…

>>A $50/month "social network" would be beyond the budget of a large part of the population. Not many people have $600/year to spend on a communications tool. You do realize many cellphone plans cost that much if not a lot more, right?

I pay roughly 7$/month for my phone plane here in Italy...
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