Posted on December 26th, 2009 in Business, Social Media | Comments Off
If you are new to the world of social media marketing it is helpful to know where to start networking. The best places are the social networks that already have a large amount of traffic and members because social media marketing is a time consuming task. Thus, you want to make sure that you narrow your markets down to the areas where you can have the largest impact which is why you may want to read about the top social media marketing websites. College craze gone viral: The Facebook The Facebook started with just four schools in Boston and grew into one of the hottest social networks online. By building a business profile and taking care to friend everyone you know you can quickly spread the word about your business via their profiles attracting people as they read their friends profiles. Like most social networks, The Facebook can be used like a spider, once it gets going it continues to spread like rapid fire. The Celebrity network: Twitter Twitter is probably one of the most famous social networks due to the fact that celebrities use it on a frequent basis. In the same way that celebrities keep their names fresh and current by ‘twitting’ so that their fans stay abreast of the activities, you can use Twitter to keep your business name, sales, and promotions fresh in patrons minds. Add in the fact that you can twit for your business and catch people while they are already outside of the home, and you have a slam dunk for getting customers inside your doors on a regular basis with an appealing enough Twit. The professional network: Linked In For those who are looking at social media marketing as a way to strengthen their business or start a joint venture the best social network on the web is LinkedIN. Here you can find professionals from all walks of the world who you can network with to exchange advice, business ideas, and possibly even financial backing if you align yourself with the correct contact.
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Social media marketing top websites
Facebook has drubbed MySpace on almost all fronts—in the media, with users, in growth, in traffic—except ad revenue. But expect that to change next year, according to eMarketer : “It will surpass its former rival, MySpace, in ad revenues in 2010, when marketers worldwide will spend $605 million on Facebook versus $385 million on MySpace.” The projections for next year show MySpace on a downward trend, falling from $490M worldwide this year to $385M next year. Facebook on the other hand is still climbing: from from $435M this year to over $600M next year. Meanwhile, overall social network ad spending is going up. eMarketer predicts 7.1% growth for total ad spend next year, bringing the total to almost $1.3B. Although they initially expected 2009 to see a downturn in revenue, now the stats show 3.9% growth over last year. Back in September, we saw that 20% of all online advertising was on social networks , with MySpace slightly leading Facebook (9.2% to 8.2%). I suppose we can expect the social share of online advertising to continue to grow—but not MySpace’s. The biggest factor contributing to Facebook’s revenue growth this year, according to ClickZ , is its growth. They reached 200M users in April —and just five months later, they’d added another 100M users . Now at 350M active users, Facebook has doubled in size since February of this year. Yeah, I’d say that would drive some revenue growth. What do you think? Will Facebook really pass MySpace? How has MySpace been able to retain its revenue lead for so long?

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Facebook Set to Pass MySpace Revenue Ahead of Schedule
Posted on December 23rd, 2009 in Social Media | Comments Off
I don’t quite ever remember a social network that I at first so loved, and then ultimately, so hated. Fortunately, the bad taste left in my mouth by MyBlogLog will likely go away at the beginning of the year–according to rumors that Yahoo will shutter the service. MyBlogLog had so much potential as a network that connected bloggers with their readers. So much, in fact, that Yahoo bought the company back in January 2007 . The ink was barely dry on the contract when the service simply started sucking: Removing MyBlogLog Widget – Too Slow Today MyBlogLog Reacts to Boycott, Reinstates Shoemoney MyBlogLog a Bunch of Schmoes? Forget Google, Now MyBlogLog Adds Friends without Your Consent That’s just a summary–and doesn’t include the now infamous event where a former Yahoo employee got egg on his face. You can argue that MyBlogLog suffered because of better solutions from Google and Facebook, but in the end, I believe the company’s former co-founder Eric Marcoulier hits the nail on the head: “So much of your company’s long term success when it’s acquired is based on the amount of executive juice it has. The only way it survives and flourishes is if you have an executive champion who promotes it internally. Shortly after we were acquired we were transferred away from our champion and under someone who didn’t feel the same way about MyBlogLog. In those circumstances, things simply slow down.” Or completely suck. I wonder how many other Yahoo products have suffered the same fate?

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MyBlogLog to Become NoBlogLog?
Posted on December 21st, 2009 in Social Media | Comments Off
Well, since everybody rolled out the trends of 2009 at the beginning of December , there’s really nothing left to do this year but make predictions for next year, right? Forrester is going to kick us off with predictions for marketing in social media . Naturally, they see major growth coming in the SMM arena (which they call “social computing,” but I think that’s something different . . . ). In fact, they see 2010 as they year social media marketing reaches maturity, with marketers (and not just SMMs) focusing on measurement and even getting budgets. The rise of SMM will lead to more transparency and interactivity, Forrester predicts. And that will make SMM even more valuable to companies. Oh, and Twitter will reach profitability —or be acquired. Of course, all this won’t come without challenges. With much of social media still a highly fractured, siloed space, many marketers will have to prioritize various social networks—will they spend their time focusing on getting Twitter right or really interacting with Facebook fans? Meanwhile, they’ll also have to make sure their social media is ready for the mobile web. And of course, measurement continues to be a challenge. Says Forrester: Marketers don’t think they’re very good at measuring social media: On average, they rate their own efforts to measure social initiatives at 4.5 out of 10.3 And there’s no silver bullet — depending on marketers’ objectives and the technologies they’re using, any of dozens of different metrics could be appropriate. But one thing’s for sure: With the need for accountability rising, marketers can’t keep pretending that fans and followers are useful success metrics . In 2010, marketers will finally start to focus on the metrics that match their objectives — and metrics that their CMOs already know and trust. Forrester also explains how they can do this—just like we measure just about anything else. Set a goal, then figure out what metrics will help you meet that goal and track them. (Forrester notes that a lot of these metrics may be more intangible,” like brand awareness and likeability requiring “brand surveys, sentiment analysis, and Razorfish’s SIM score,” in addition to more traditional hard numbers in sales.) What do you think? What metrics are most important in your social media marketing? How do you track them?

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Starting Up the Social Media Marketing Prediction Engine
Posted on December 21st, 2009 in Social Media | Comments Off
I know us Americans tend to view the entire world from our point of view, so it’s easy for us to think that the entire world rotates around Facebook and Twitter. Not so! Vincenzo Cosenza has compiled a world map of social networks–highlighting which networks are the most popular in each country. As you can see, head to Brazil and you’ll find Google’s Orkut thriving. Take a trip to Russia and you’ll see Facebook clone Vkontakte holding firm. I was able to find a similar map from June 2007. It’s easy to see just how quickly Facebook is taking over the world: PS. If you prefer tabled data, here’s the 2009 breakdown: ( via )

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Want to See the Most Popular Social Networks in the World? There’s a Map for That!
Posted on December 17th, 2009 in Social Media | Comments Off
Back in July, Facebook was challenged by the Canadian government about some privacy concerns around third party apps and information shared that was taken about users. Many wondered how the social media giant would handle the situation. Would they thumb their nose at the information police? Would they stand up to the Canucks? Well, that was answered in August when they folded like a cheap card table and rewrote their policies to meet Canadian concerns . Well, if that was a precedent then the folks who run the Facebook Legal team fan page (Is there really one of these? I just made that up) are about to get real busy. You see there are several privacy groups who are up in arms about the latest privacy policies handed down by Zuck and the boys. According to the WSJ’s MarketWatch Ten privacy and consumer groups announced Thursday they’ve filed a complaint with the U.S. Federal Trade Commission alleging that Facebook Inc.’s privacy-policy changes violate federal law. The Electronic Privacy Information Center said in a statement that it and nine other groups are urging the FTC “to open an investigation into the recent changes made by Facebook … and to require Facebook to restore privacy safeguards.” These kinds of things usually sound a lot worse when they are first brought to light. Ok, so let’s stand in Facebook’s shoes and let this one sit for a second and let the scariness of the FTC (Federal Trade Commission) being called on to investigate your company’s privacy policies go away. Hmmm. Doesn’t seem to be working this time. Why? Well, because this could be a real serious deal for Facebook. They went from cruising along and just gathering more and more steam in their quest to become a money making machine to now being a social media whipping boy……again. While what they have been accused of lately (breaking a valued trust with their users by making their information, all of it, public unless opted-out) isn’t sleazy on a Tiger Woods like level, it is a serious issue. That’s not good. Now add on the possibility of the US government (you know the one that thinks it can do everything for everyone so no one needs to think for themselves anymore) being asked by not one but 10 privacy advocates to take a look at your policies. There probably were happier endings envisioned by the Facebook folks on this one, like huge profits from data being available to mine and sell. EPIC said in its statement that the service “should not be allowed to turn down the privacy dial on so many American consumers,” adding that the changes “violate federal consumer-protection law.” As they say in some parts of the world “Them thar is fightin’ words!” Of course Facebook has something to say about all of this. In a statement, a Facebook spokesman said: “We’ve had productive discussions with dozens of organizations around the world about the recent changes, and we’re disappointed that EPIC has chosen to share their concerns with the FTC while refusing to talk to us about them.” The spokesman, Andrew Noyes, also said that Facebook discussed its privacy program with regulators “including the FTC” prior to its launch. Well, shame on EPIC for telling on Facebook after the company worked so hard to grease the skids to prevent this very thing from happening. By the way, how productive a meeting is can be pretty subjective. In other words, there is no mention of groups endorsing what Facebook did, just a statement that they met and talked. Look this may turn out to be a non-issue. The FTC may decide to not act on the request of these groups but it might be hard for them to do so. Of course, with Facebook letting the world know that they spoke to the FTC before this move was made may make some wonder just what kind of ‘agreements and understandings’ may have been reached. Whatever they were, they may now be null and void if there is enough of a stink raised. So what looked like a pretty strong year for Facebook may end on a sour note. They’ll get over though just like they did with Beacon. Apparently that gaffe was either forgotten or it’s the policy of the company to see just what it can get away with until someone slaps their hands or slaps them with an investigation. Your thoughts? Pilgrim’s Partners: SponsoredReviews.com – Bloggers earn cash, Advertisers build buzz!

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Facebook’s Privacy Policy Produces Plea to FTC
Posted on December 15th, 2009 in Social Media | Comments Off
So you are bit.ly and you just suffered through the announcement that your already crowded area of the Internet space has been sat on by the 800 pound Google gorilla with their announcement of the arrival of their own URL shortening service . That can make for a rough day. Sure competition is a good thing because all ships rise with a rising tide. Google makes those tides rise so fast sometimes though that the little ships get tossed in the air and don’t always land well. Well, bit.ly is trying to do its part in making the URL shortening industry a little more interesting. They have announced their new Pro service. One wonders if they needed to announce it a little more hastily than anticipated considering the new “Google’s in the URL shortening house!” scenario. At any rate they are offering a chance for users to provide customized / personalized / whatever-ized shortened URL’s for those looking t stand out from the crowd. Their blog’s description goes a little something like this : As part of our initial beta program, we’re making custom URLs available to a limited number of large and medium-sized Web publishers and bloggers, including AOL, Associated Content, Bing, Clicker, The Daily Telegraph, foursquare, GDGT, Hot Potato, The Huffington Post, IGN, kickstarter, Meebo, MSN, /Message (Stowe Boyd), The New York Times, OMGPOP, oneforty.com, The Onion, slideshare, someecards, TechCrunch, The Wall Street Journal Digital Network — which includes WSJ.com and MarketWatch.com — and blogger Baratunde Thurston (baratunde.com). Users and publishers benefit from the additional transparency that this private-label service provides. When you see a short URL like nyti.ms, you know the destination web site before clicking on the link. OK, good if you are one of the big boys. Goes on the wish list of most others. In addition the service is introducing a new dashboard as well. Go check out the picture at their blog which has itty-bit.ly print for you to strain over. The readable words from bit.ly about the dashboard are We’re also excited to be introducing a unique real-time dashboard that will provide publishers with even more information about their bit.ly traffic. It’s a real-time view of how a given publisher’s content is being distributed across networks like Twitter, Facebook, and MySpace and services like email, SMS, and instant messenger. Now, I have to admit that this is cool. It’s fun to see this kind of innovation from someone other than the big names. I can’t help but wonder though just how long this kind of innovation will be available now that Google has entered the space. I have been a fan of Google for quite some time but it is starting to feel a little too ‘big brotherish’ at times. When Google talked about the 3 S’s of their URL shortening service (security, stability and speed) all I could think about is the speed with which they are going to take all of the air out of the room for the little guy in this space and determine who may be allowed to stick around. What if Twitter decides to remove bit.ly as their default URL shortener and creates Twi.tr for their own branding purposes? There may be too much muscle for a player like bit.ly to stick around no matter how much innovation they provide. Am I overreacting here? I’m sure you will let me know because that’s your job here at Marketing Pilgrim. Let’s hear it.

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