San Francisco, CA, December 07, 2009 --(PR.com
)-- hotideasfactory.com today announced the launch of a social networking Global Forum on Ideas to Spur Economic Growth on its website. Internet users are invited to participate in what is billed as an “Internet first” aimed at harnessing the collective ability of Internet users to generate hot ideas that can help spur economic growth and job creation. The website www.hotideasfactory.com, is a typical social networking website however in December 2009 and January 2010 users are invited to come up with creative solutions or hot ideas that will help spur economic growth. After creating an account (which is free), a user can: build friends lists, upload and share videos and photos, write their own blog entries, create a mini-community of like minded members with the single and sole message of coming up with ideas that will jump start the economy in 2010. The expectation is, any organisation or institution can participate and pick up ideas that could help spur this growth. Registration is free and is open to any individual and/or organisation.
According to Nielson Report social networks & blogs are the 4th most popular online activity, ahead of personal email. This report also found that 66.8 percent of the global online population spends time at “Member Communities,” a category that includes both blogs and social networks. This makes social networking about two percent more popular than email, with one in every 11 minutes online globally spent on social network websites.
The uptake of social-networking is growing at a tremendous pace. According to a study by Grunwald Associates in the U.S., by 2010 Gen Y will outnumber Baby Boomers, 96% of them have joined a social network. Channeling the social networking and blogging audience to think about and come up with ideas could be the best way to come out of the current economic situation. Ideas could be specific strategies that organizations could employ to be more competitive or management techniques that could be used to get the best out of staff or even policies that the Government could consider to help drive the economy forward.
Hotideasfctory.com owner, Gordon Adrian describes it this way, “I firmly believe that we can use the Internet as a mass idea generation engine to identify solutions that will solve most of the world’s challenges; spurring economic growth and consequently job creation are but one of those challenges”.
To understand the impact social networking technologies has had you only have to look at the speed of user penetration. To reach 50 million users it took: Radio (38 Years), TV (13 Years), Internet (4 Years), iPod (3 Years). Facebook added 100 million users in less than 9 months whereas iPhone applications hit 1 billion in 9 months.
Businesses and economies need to constantly develop, change and innovate in today’s environment and this requires a new approach where organizations can connect, communicate and collaborate.