Characteristics of Early Adopters and Early Majority Adopting a Vertical Social Network : A case study of the applicability of the Diffusion of Innovations theory in a Vertical Social Network
Abstract: To remain relevant, even the successful social networks need to evolve. Vertical Social Networks (VSN) are the response of this, satisfying people who are seeking more niched and personalized content. However, this is a highly competitive environment where taking advantage of the first mover advantages is crucial for the future success. This study concerns diffusion of innovations and segmentation according to the technology adoption lifecycle to investigate how a VSN can reach user growth by understanding their current users better. We have built this study upon an explorative case study of a case company operating in the VSN landscape providing their users with an application. Building on extensive literature research, theory, surveys and conducting interviews, differences in user characteristics were identified. Theoretical and empirical evidence was further analyzed based on user behavior and level of satisfaction. Our recommendations suggest that considerations for different phases of the diffusion journey has to be made by targeting the appropriate users as this is vital for satisfying the existing users, and for reaching new ones.
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