Maybe Social Networks Aren’t Bad Places To Advertise After All

October 9, 2008
Advertising On Facebook
Advertising On Facebook

Social networking sites aren’t thought to be fertile places for advertisers. But consumers may be more receptive to marketing efforts than generally believed.

A recent study by the marketing agency Cone found that more than half of Americans who use social networks and other Web 2.0 social-media sites interact with companies on the sites. One in four engages with a brand more than once a week.

The study goes against the grain of common wisdom, which says the 60 percent of Americans who go to these sites do so for social reasons and not to transact or think about business.

But 59 percent of them interact with companies, the Cone survey discovered. What more, 93 percent of the 535 men and 567 women contacted in mid September who use social media sites said they believed a company should have a presence.

Perhaps most surprising, men were twice as likely as women to interact repeatedly with companies, and one-third of younger, hard-to-reach consumers on the sites (ages 18 to 34) said companies should market to them on social networks.

More than 40 percent of social media users said companies should use a social network to “solve my problems” and solicit feedback on their products and services.


New Book Looks At Promoting Brands On Social Networks And Other Sites Where The Advertising Is Cheap

October 6, 2008
MySpace
The MySpace Web site

Corporations know they need to begin promoting their brands on the latest social media sites, such as Facebook, MySpace, Second Life and Habbo.

But many fear navigating this maze of ad hoc social networks and virtual worlds, populated by strange looking avatars.

Brand managers should find useful information in the newly published Advertising 2.0: Social Media Marketing in a Web 2.0 World by Tracy Tuten, associate professor of marketing at Longwood University in Farmville, VA.

“It’s not hard. It’s not expensive. But it’s time consuming,” says Tuten in an interview. “You really have to have a dedicated team.”

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[Web Video Summit] Hulu To Earn More Money Than YouTube This Year!

October 1, 2008
Jim Louderback, CEO, Revision3

Jim Louderback, CEO, Revision3

Speaking at the Web Video Marketing Summit in San Francisco, Calif., Revision3 CEO, Jim Louderback, noted that Hulu will earn more money than YouTube this year.

And this inspite of having launched only last March and with well under 10% of YouTube’s “streams”. Both the NBC Universal and News Corp joint venture and YouTube are ad-supported.

“Advertisers are just more comfortable with professional produced content than user generated content. There’s still the fear of having there brand associated with the wrong content or porn!”, said Louderback.

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