Ning the well known free social network service used by 2.3 million businesses and organizations on the web is shutting down its free service and it’s reported they have laid off 40% of their staff.

Sad to see these folks lose their jobs for sure but on the other hand I think this is a great wakeup call for those who depend on using custom social networks in their business strategy.

This is one reason I believe placing your most important digital assets in someone else basket is NOT a wise strategy. If you realize the advantage of valuing your digital assets…you will be way ahead of many competitors who simply want to pass this off to their web people.

Using free services is extremely valuable to businesses and groups today but the strategy should be to use these to lead the client, customer or members to your own web property so you have most of the control and say so. Not the other way around!

Keep in mind when using these 3rd party sites, the member data belongs to the site…not you! Your web presence strategy should be designed to ensure you end up being the owner of your tribe. After all, you are the one putting all the work into providing the platforms and opportunity for your tribe to connect. As you often hear me say…”He who owns the client wins”.

There are still many good options for you to own your social network platform and these can provide you the longevity and security to keep your online organization flowing, growing and safe.

Protect your digital assets! They are valuable to your business growth.

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