Posts Tagged ‘Social Networking’

Friends of Friends: What Are They Worth On Social Networks?

June 22, 2010

A client is considering a social marketing campaign to increase their friend count on Facebook by offering existing “friends” and “fans” a prize to the person who refers the most new friends.

My questions regarding this type of social marketing plan are as follows:

1. What are friends of friends worth on social networks – now or later – something or nothing?

2. Do friends of friends have potential value to the business vis-a-vis direct future sales or not?

3. If so,  how do you know?

4. Or does the addition of friends of friends in the friend or fan network in and of itself – whether now or later – produce value to the business and its brand?

5. If so, how is the “value” to the business calculated?

While there are obvious reasons for being widely known, at some point adding friends of friends via social networks must surely yield produce diminished returns.

Advertisements

Social Networking Fastest Growing Mobile Content Category

June 2, 2010

From comScore:

More Americans Still Use their Browser versus Applications

Nearly 73 million mobile users accessed their browser in April, an increase of 31 percent from the previous year. Mirroring application category growth, Social Networking ranked as the fastest-growing category accessed via browser, growing 90 percent from the previous year to reach almost 30 million users, followed by Bank Accounts (69 percent to 13.2 million users). Online Retail sites also experienced a significant increase in audience usage via browser, increasing 47 percent to 7.3 million users, as Americans continued to show adoption of the mobile retail channel.

Donovan continued, “Social networking is by far the fastest-growing mobile activity right now. With 20 percent of mobile users now accessing social networking sites via their phone, we expect to see both application and browser usage continuing to drive future consumption of social media.”

Fastest Growing Content Categories

Fastest Growing Content Categories

Imagine that – phones owners using their phones to socialize.

Marketing Budget Changes: Where’s Social Media’s ROI?

March 13, 2010

More from eMarketer about Marketing Budget allocation shifts:

…even though marketers are on board with the idea that social is key to their overall strategy, many are sick of hearing about it. In addition to being one of the most important buzzwords, social media was considered the most annoying, with nearly 30% of executives tired of it. Twitter, specifically, got on the nerves of nearly 15% of respondents, and social networking rounded out the top three trends marketers were most tired of hearing about.

Regardless, social spending will increase. A separate survey of US marketing execs by Ad-ology indicated social tactics were the most likely to increase in 2010.

Marketing Budgets

Marketing Budgets

Surely executives growing tired of hearing about social media, social networking and the Twitter brand specifically doesn’t bode well for the nascent space or the Twitter brand’s monetization potential.

How can social media reconcile itself with the fact that marketing executives’ chief concern is Marketing ROI while social media and social networking have yet been able to deliver consistent measurable ROI to marketers?

I wonder how many executives have grown tired of hearing about Google and search engine marketing results?