User-Generated sites to explode in next 5 years

According to a recent study by emarketer.com, the user-generated content/ web 2.0 era is yet to hit full stride.

Currently 70 million internet users will create some form of online content this year.

In 2006, user-generated sites earned $450 million. By 2011 that number will be an estimated $4.3 billion.

What does this mean?

There are going to be even more web start-up social communities.

Most are going to be gimmicky and bland.

Some will be gimmicky and bland, but find the right gimmick to reach a bunch of people.

A few will provide a nice service and fail.

Some will provide a nice service and flourish.

A couple will seperate themselves from the pack.

Who?

Hopefully those that bring a little bit of originality. Provide freelancers with an opportunity to make cash. So many of the social communities are headed by business moneys that only care about cash.

Hopefully a few sites with creative, innovative inspiration will make it; inspiring others.

External Link Resources

emarketer.com article