robb's topline media2 trends: social networking takes front and center stage this week with Facebook capturing the imagination of all competitors to Mr. Murdoch. Everyone wants some "space". Soon, it's clear, Facebook will be much more like MySpace in terms of an open community. Tearing away all the specific press release hype, all across the content media 2.0 analyzes in concern to media trends, it seems there are two repetitive trends: 1) online ad spend is going up; 2) online ad buyers are buying on social networks. So, the following question makes sense: "When will the social media bubble burst?" I know, I know, you're thinking it'll be another bubble. But, this time things may be different. Could it be? Given the immersive nature of social networks I think this time around we may not be seeing a bubble forming.
How's that, Robb? Adweek ran a insightful story this week about the stickiness of social networking sites. Social sites may not pose a huge bubble as far as online traffic goes (don't remind me of Friendster) mainly because they are getting good at hooking people in with useful widgets and services people need. (The web's no longer about reading content and information finding.) It's about engagement and utility. In fact, social networking sites are leading the entire web now in educating buyers and brands on just what's possible in terms of engagement. If a brand can capture and activate itself in enough appropriate touchpoints social media properties may possibly not "pop" or lose users going forward due to too many properties in the space (how many social sites does one person need to be a member of?). Instead, with an appropriate equation and mix of new media, brands may now truly see the beginning of the lifetime value of their customers increasing; thanks to social networking.
- When Will the Social Media Bubble Burst? - The growth in blogs, Web videos and podcasts will inevitably slow down. Some people will try to make a lot of money off of social media, and some may succeed. But the backbone of this movement will continue to be the millions of enthusiasts who see it as an opportunity to connect with others who share their passions. As the price of entry continues to decline, they will keep coming - B2B Magazine
- Social Networks: Execs Use Them Too - corporations and smaller businesses haven't embraced online business networks with nearly the same abandon as teens and college students who have flocked to social sites. Yet companies are steadily overcoming reservations and using the sites and related technology to craft potentially powerful business tools - Rachel King @ BusinessWeek Online
- 10 Tips for Selling Products On eBay - By being aware of the strategies that eBay sellers use, eBay buyers can benefit as well. For example, be wary of high-traffic auctions: Prices can get artificially inflated. Instead, try searching for items using common misspellings and check out products listed without pictures. These auctions generally receive fewer bids, and therefore usually end up with cheaper sale prices. - T&P Tech News
- Making Video Advertising Accountable to Consumers - Video, at least in terms of advertising, tends to disguise itself as a bridge between on- and offline. Though it can serve that role, don't be fooled. Simply repurposing TV spots is ultimately not the best way to leverage the medium's power - Jeremy Lockhorn @ ClickZ
- YouTube, Google Help Candidates Woo the Internet Savvy - It wasn’t long ago that running a hightech political campaign meant having a good Web site.
That’s so yesterday. - Mark Niquette & Jim Siegel @ The Columbus Dispatch
- Why Broadcast TV Has No Need to Fear Video Sharing - The premise of this “new” viewing paradigm is that you will devote hours of your time to watching the worst of all possible junk in order to find one show you like, then you will create a “buzz” and tell your friends who will virally market the show until 20 million people a week are downloading it. Go to YouTube right now and find something you like so much you want to buzz all your friends. Hard isn’t it? - Phil Davis @ Seeking Alpha
- Analysts: YouTube Won't Take Ad Dollars From Old Media - Though advertisers are experimenting with YouTube, don't look for a shift in spending just yet, say analysts. - Jonathan Berr @ The Street.com
- The New Space Race - Redstone and Murdoch "want not only MySpace but something far more cosmic -- More Space - Peter Bart @ Variety
- Future Trends In Interactive Marketing - By understanding and appropriately testing developing trends and technologies in online communications, you can develop and optimize strategies that generate immediate behavioral response, shifts in brand perception, and positive financial impact. John Perlstein @ Chief Marketer Magazine
- Early Online Political Ads Not Just For Raising Cash - According to Nielsen/NetRatings AdRelevance, over 10 million banner ad impressions have been served gratis for the campaign since August 13, the bulk of which have been placed on IMDb.com. Others have been served on Comics.com, ProWrestling.com, AskMen.com and others. Kate Kaye @ ClickZ
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