Social media platform for rating books, sharing lists and following ...

...users

Confidence
Engagement
Net use signal
Net buy signal

Idea type: Swamp

The market has seen several mediocre solutions that nobody loves. Unless you can offer something fundamentally different, you’ll likely struggle to stand out or make money.

Should You Build It?

Don't build it.


Your are here

The idea of building a social media platform for rating books, sharing lists, and following users falls into a crowded space. Our analysis indicates you're entering a 'Swamp' category, where numerous similar solutions exist, but none have achieved widespread success or significant user love. The presence of 7 similar products suggests considerable competition, making it challenging to differentiate your platform. The low average comment count of 3 across these similar products reflects low engagement, highlighting the difficulty in capturing and retaining user attention in this niche. Entering this market requires a fundamentally different approach to stand out, which is going to be hard.

Recommendations

  1. Given the crowded market and low engagement observed in similar products, thoroughly investigate why existing book rating and social platforms haven't fully resonated with users. Focus on understanding their pain points and unmet needs. For example, the negative reviews of similar products mention the need for better design and user experience so this should be investigated.
  2. If you decide to proceed, identify a specific niche within the book-loving community that is currently underserved by existing platforms. This could be a particular genre, demographic, or reading habit. Tailor your platform to meet their unique needs and preferences. Also, since other similar products struggle with biased user-generated ratings, you should consider your approach for handling these biases.
  3. Instead of directly competing with established platforms, explore opportunities to create tools or services that enhance the functionality of existing book platforms or cater to their users. This could involve developing integrations, plugins, or complementary services that solve specific problems within the existing ecosystem.
  4. Given the challenges and competition in the book-focused social media space, consider exploring adjacent problems that might present more promising opportunities. This could involve expanding to other media formats, such as movies or music, or focusing on a related aspect of the book industry, such as author discovery or book marketing.
  5. Based on your idea, another idea mentioned the need for goverment ID verification, which is unlikely to be possible with a book-related social media platform. Be mindful of edge cases like this when considering your design choices.
  6. Consider exploring adjacent areas, like building tools for authors to connect with readers, or creating a platform for book clubs to organize and discuss readings. These may have less direct competition and a clearer value proposition.
  7. Before investing significant time and resources, validate your assumptions about user needs and preferences through surveys, interviews, and user testing. This will help you refine your concept and ensure that it addresses a real problem in the market.
  8. Given the challenges in the market, carefully evaluate the potential return on investment before committing to this project. Consider whether your skills and passion could be better applied to a different opportunity with a higher likelihood of success.

Questions

  1. What unique features or functionalities will your platform offer that are not already available on Goodreads, LibraryThing, or other existing book-focused social networks? How will you ensure that your platform stands out from the competition and attracts a loyal user base?
  2. How will you address the issue of content moderation and prevent the spread of misinformation or harmful content on your platform, while also respecting freedom of speech and user privacy? What measures will you take to ensure a safe and positive online environment for your users?
  3. Considering the low average comment count and engagement levels observed in similar products, what specific strategies will you employ to foster meaningful interactions and build a thriving community on your platform? How will you incentivize users to actively participate, share their thoughts, and connect with one another?

Your are here

The idea of building a social media platform for rating books, sharing lists, and following users falls into a crowded space. Our analysis indicates you're entering a 'Swamp' category, where numerous similar solutions exist, but none have achieved widespread success or significant user love. The presence of 7 similar products suggests considerable competition, making it challenging to differentiate your platform. The low average comment count of 3 across these similar products reflects low engagement, highlighting the difficulty in capturing and retaining user attention in this niche. Entering this market requires a fundamentally different approach to stand out, which is going to be hard.

Recommendations

  1. Given the crowded market and low engagement observed in similar products, thoroughly investigate why existing book rating and social platforms haven't fully resonated with users. Focus on understanding their pain points and unmet needs. For example, the negative reviews of similar products mention the need for better design and user experience so this should be investigated.
  2. If you decide to proceed, identify a specific niche within the book-loving community that is currently underserved by existing platforms. This could be a particular genre, demographic, or reading habit. Tailor your platform to meet their unique needs and preferences. Also, since other similar products struggle with biased user-generated ratings, you should consider your approach for handling these biases.
  3. Instead of directly competing with established platforms, explore opportunities to create tools or services that enhance the functionality of existing book platforms or cater to their users. This could involve developing integrations, plugins, or complementary services that solve specific problems within the existing ecosystem.
  4. Given the challenges and competition in the book-focused social media space, consider exploring adjacent problems that might present more promising opportunities. This could involve expanding to other media formats, such as movies or music, or focusing on a related aspect of the book industry, such as author discovery or book marketing.
  5. Based on your idea, another idea mentioned the need for goverment ID verification, which is unlikely to be possible with a book-related social media platform. Be mindful of edge cases like this when considering your design choices.
  6. Consider exploring adjacent areas, like building tools for authors to connect with readers, or creating a platform for book clubs to organize and discuss readings. These may have less direct competition and a clearer value proposition.
  7. Before investing significant time and resources, validate your assumptions about user needs and preferences through surveys, interviews, and user testing. This will help you refine your concept and ensure that it addresses a real problem in the market.
  8. Given the challenges in the market, carefully evaluate the potential return on investment before committing to this project. Consider whether your skills and passion could be better applied to a different opportunity with a higher likelihood of success.

Questions

  1. What unique features or functionalities will your platform offer that are not already available on Goodreads, LibraryThing, or other existing book-focused social networks? How will you ensure that your platform stands out from the competition and attracts a loyal user base?
  2. How will you address the issue of content moderation and prevent the spread of misinformation or harmful content on your platform, while also respecting freedom of speech and user privacy? What measures will you take to ensure a safe and positive online environment for your users?
  3. Considering the low average comment count and engagement levels observed in similar products, what specific strategies will you employ to foster meaningful interactions and build a thriving community on your platform? How will you incentivize users to actively participate, share their thoughts, and connect with one another?

  • Confidence: High
    • Number of similar products: 7
  • Engagement: Low
    • Average number of comments: 3
  • Net use signal: -12.9%
    • Positive use signal: 0.0%
    • Negative use signal: 12.9%
  • Net buy signal: -8.6%
    • Positive buy signal: 0.0%
    • Negative buy signal: 8.6%

This chart summarizes all the similar products we found for your idea in a single plot.

The x-axis represents the overall feedback each product received. This is calculated from the net use and buy signals that were expressed in the comments. The maximum is +1, which means all comments (across all similar products) were positive, expressed a willingness to use & buy said product. The minimum is -1 and it means the exact opposite.

The y-axis captures the strength of the signal, i.e. how many people commented and how does this rank against other products in this category. The maximum is +1, which means these products were the most liked, upvoted and talked about launches recently. The minimum is 0, meaning zero engagement or feedback was received.

The sizes of the product dots are determined by the relevance to your idea, where 10 is the maximum.

Your idea is the big blueish dot, which should lie somewhere in the polygon defined by these products. It can be off-center because we use custom weighting to summarize these metrics.

Similar products

Relevance

A social media site for reviewing albums, movies, books, and podcasts

08 Aug 2023 Social Media

I’ve been working on a social media web app for reviewing works of entertainment with the hopes to compete against Goodreads and Letterboxd.I started working on this two and a half years ago and it has taught me a lot about full stack development, from Vue, and REST APIs, to hosting with AWS. It’s still very much so a work in progress, but it’s functional and I’d love any feedback I can get.I know other options exist, but I couldn’t find one that I like that had all of the different mediums, and I’d rather have them all in one place. Likewise didn’t give me enough freedom with rating, and seemed more focused on algorithm generated suggestions.Usage:A lot of functionality requires a login, so I created this guest account for you guys to use:username: showhnguestpassword: hackernews23If you wind up liking it enough to create an account, feel free to invite your friends.

Users appreciate the idea but suggest improving the design for a better user experience. There are also questions about how the product or service compares to IMDB in terms of superiority.

The main criticisms are that the design needs improvement for better browsing and reviews, and there is an unclear advantage over IMDB.


Avatar
12
2
2
12
Relevance

ratexd - A social media platform focused on rating

30 Oct 2024 Android Social Media

In ratexd, users can easily create rateables—items they want to rate and review—across various categories. They can also organize these rateables into custom lists. Additionally, users can rate other users' lists, reviews, comments, and even their profiles.


Avatar
4
4
Relevance

I'm Creating the Next Big Social Media Platform – Rated

26 Aug 2024 Social Media Marketing

Hey all, I've been working hard on my side project and will be trying to turn it into my main project now.Rated is a social rating platform for media, places and products. By having everything in one place, its easier to add friends, follow and compare ratings.There are cool data features like similarity scores between each users and predicted ratings for every item. The main aim is to help people discover the best content in a fun and social way.I've made a website (not that pretty yet) and launched on the app stores, but there's a long way to go. Still haven't properly validated the idea and need to get some users.I would love feedback on the idea, landing page and if you are interested in trying it out - feedback on the app itself.

Users reported CSS issues with the hero copy and other elements, and noted potential bandwidth problems due to large PNGs. There were concerns about the product's commercialization and comparisons to Reddit and Digg's decline. Suggestions included a browser add-on for improved search and discovery, and the need for government ID verification for a trustworthy social media platform. Discussions also touched on the control of WeChat by the Chinese Communist Party, the issue of verified reviews versus freedom of speech, and the problem of fake reviews and products on Amazon. One user mentioned their experience with WeChat, while another inquired about residency in China.

Users criticized the product for CSS issues on Firefox, large PNGs slowing down the landing page, and concerns over commercialization leading to excessive advertising. Criticisms also include the need for initial user utility or incentives, lack of transparency in account creation, and potential for sock-puppetry. Additionally, there are concerns about censorship of anti-government posts, societal immaturity regarding the issue, and the prevalence of fake reviews and products on platforms like Amazon.


Avatar
5
10
-30.0%
-20.0%
10
5
Relevance

Rated - Data-driven social rating platform for media, places + more

Rated is a revolutionary new social rating platform for all types of media, places and products, With cool data features like user similarity scores and personally calculated predictions for each listing, we enable users to discover the best content.

The Product Hunt launch of Rated received positive feedback, with users congratulating the team and expressing excitement for the idea. Questions were raised about handling biases in user-generated ratings and potential errors in group decision-making. Overall, users found the project interesting and wished the team good luck with the launch.


Avatar
122
7
7
122
Relevance

I built Bibliou – a platform for book lovers to read, share and connect

13 Oct 2024 Books

After 5 months of coding and tweaking, I’m excited to introduce Bibliou, a social media platform dedicated to book enthusiasts. With Bibliou, you can:-Read and upload books-Share what you've read and discover new reads from others-Connect with fellow book lovers, make friends, and see what they’re reading-Download books from the communityIt's a place where bookworms can geek out about their favorite reads, follow others’ reading journeys, and build meaningful connections over shared literary interests.I’d love to get feedback on the platform, and if you’re into books, feel free to check it out!

Created Bibliou for book lovers to share experiences.


Avatar
2
1
1
2
Top