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Web Design/Development Timeframe

Can anyone tell me how long it would take for either a freelancer or firm to design and develop a social network web site? It would have the basic social network features like user registration, friends, blogs, message boards, etc., and it would have to be able to handle millions of users.
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I would think that just the absolute basic functions and design would be put into place and tested, then other features/functions added one at a time and tested as well. More than likely you would need many, many people to sign up and use it to find bugs and get feedback, as well as to see if it`s something they would even want to use.
Also consider who is doing it, their experience, reliability, available manpower or ability to outsource if needed, etc.
Just my opinion, to compete with the big boys, you will probably need something new that they don`t offer, or do what they do better, to get peoples attention and keep them around, and that alone may require a huge time investment as far as programming, usability and testing is concerned.
For example: to produce a website for a client I determine their current and future needs and look at what is available (already coded) and then what may need to be added.
I agree, that if you are talking about a social networking site - the ground work has already been done. I`m sure there are various scripts already available that can be the foundation for your site.
~Roland