There are Only Two Kinds of Online Advertising: Relevant Advertising and Spam
Posted on 05. Dec, 2007 by Chi-chi Ekweozor in Audience Analytics
Alex Iskold over on popular technology blog, Read/WriteWeb has just published a thought-provoking piece on the myth of contextual advertising on social networks like Facebook.
By ‘contextual’ advertising, he is referring to advertising that is served to the user based on information the advertiser has about him or her.
He does not think the contextual ‘Social Ads’ on Facebook work very well because of “[Facebook’s] lack of understanding of its users.”
His argument is that Facebook does not know enough about him to serve relevant ads (or does not appear to use the information it knows about him effectively enough to serve relevant ads) because much of its information is unstructured.
Now, I’m no computer scientist but I beg to differ.
Future of Social Advertising: Music And Lots Of It
Posted on 28. Nov, 2007 by Chi-chi Ekweozor in Social Media Strategies
This article is the fifth in a series of articles exploring the future of social advertising.
Click on the ‘Social Advertising’ tag to read earlier posts/articles.
The last post was about the potential pitfalls of using social media.
This is rather more lighthearted and much shorter than previous posts.
Inspired by comments made by Doug Morris, CEO of Universal Music Group in the December edition of Wired, I have turned to musing on the effects of ‘free music’ on the evolving social media landscape.
Future of Social Advertising: Potential Pitfalls of Using Social Media
Posted on 27. Nov, 2007 by Chi-chi Ekweozor in Audience Analytics
This article is the fourth in a series of articles exploring the future of social advertising.
Click on the ‘Social Advertising’ tag to read earlier posts/articles.
The last post presented the notion of branded content as “the next big thing in social media” and put forward the proposition that brands are better off looking at engaging directly with consumers over branded content on the major social networking sites than creating standalone social media sites if they are promoting new products or services.
In this post, I expand on the potential pitfalls involved with engaging directly with consumers online using social advertising.
Future of Social Advertising: Branded Content and Branded Social Media
Posted on 23. Nov, 2007 by Chi-chi Ekweozor in Trends
This post is the next in our series covering the future of social advertising.
To read all previous posts, click on the ‘Social Advertising’ tag.
Three articles into our series on social advertising, I think it is worth clarifying a few terms.
Social Advertising is a term coined by Facebook to describe its recently launched Facebook Ads platform.
Much has been written about Facebook Ads of late including recent reports about potential privacy breaches by third party retail partners who can now use Facebook Beacon to publish information about a user’s online purchase directly into the user’s News Feed on Facebook.
This information can then propagate through the Facebook network through the News Feeds of the user’s friends. It is worth noting that the user’s online purchase is published to his/her trusted network of friends within Facebook and not directly on the internet.
Still, some might find this irksome, especially if they were unaware it was happening.
Change is always welcomed but often resisted.
We are at a cross roads with online advertising.
Future of Social Advertising: Determining the Value Exchange
Posted on 20. Nov, 2007 by Chi-chi Ekweozor in Social Media Strategies
This is the second post in a series looking at the future of social advertising.
To read all posts on the topic, click on the ‘Social Advertising’ tag.
The first post examined future trends in Social Advertising, postulating that going forward brand marketers would increasingly look to implementing social experiences offline around special interest groups which could then be promoted via ‘the social web’ using social media tools like blogs, online video and … Facebook groups.
This post examines the value exchange in the largely ‘free’ online environment of social media.
The Future of Social Advertising: Social Media and Social Experiences
Posted on 16. Nov, 2007 by Chi-chi Ekweozor in Social Media Strategies
This is the first in a series of posts exploring the future of social advertising.
The explosive growth in social networking, especially amongst the highly sought after 16-35 demographic who are increasingly immune to overt advertising, is prompting widespread experimentation in ’social network advertising’ campaigns.
Global brands like Microsoft, Toyota and Universal Pictures have teamed up with MySpace to deploying HyperTargeting Ads on the world’s largest social network whilst Coca-Cola, Sony Pictures, eBay and more have partnered with Facebook to deploy Social Ads on the world’s fastest growing social network.
Considering it’s less than a year since the notion of ‘social networking’ became mainstream, ’social advertising’ is certainly this year’s breakout success.
Facebook: Take a leaf out of Bebo’s book. It’s not all about Social Ads.
Posted on 13. Nov, 2007 by Chi-chi Ekweozor in Engagement Marketing
Marketing on social networks is less about Social Ad(vertising) and more about Engagement Marketing.
The former, a word play on ‘Social Ads’, is about targeting marketing messages to users on Facebook through the news feeds of their friends.
Engagement marketing, on the other hand, is about engaging a user with brand/marketing experiences that makes such an impression that they willingly share it with their friends.
This approach has been used successfully by global sports and fashion brands on the ‘other two’ social networks, Bebo and MySpace.
This post is a follow up to Saturday’s open letter to Facebook in which I suggested they considered introducing a monthly subscription option that offered users averse to sending and receiving Social Ads a way to opt out.
Disclosure: Real Fresh TV works with a number of online publishers to provide content owners a one stop digital distribution service for publishing multimedia content online. Our publisher partners include YouTube, Bebo, Brightcove, Veoh and Azureus.
Scrap the FB monthly subscription and cancel your account…
Posted on 12. Nov, 2007 by Chi-chi Ekweozor in Social Media Strategies
This is the response my open letter to Facebook suggesting they implement a monthly paid subscription for those adverse to receiving Social Ads is currently receiving on Mathew Ingram’s widely read blog.
Matthew Ingram is a technology writer for Toronto’s The Globe and Mail.
The first commenter, Brian Sullivan says:
“So this would imply that Facebook is so compelling that users would pay to use it? Is that really the case? …. Maybe I am a Luddite or just an old fart but I think both ideas are ludicrous.”
Here’s the rest of his comment.
Hey Facebook! I’d Gladly Pay Not To See Any Social Ads
Posted on 11. Nov, 2007 by Chi-chi Ekweozor in Social Media Strategies
This is an open letter to Mark Zuckerberg, CEO of Facebook and the rest of the Facebook team.
First, I have to say I’ve nothing but admiration for the way you have laid the foundations for a whole new way of connecting with people online.
Facebook is so appealing because it effortlessly allows me to communicate with people I know in real life by recreating a fairly accurate virtual representation of my connection(s) with them.
I’m hardly a power user, as you can probably tell. As founder of a self-funded UK startup, I haven’t a great deal of time to spend on Facebook each day but I enjoy what I use of the service.
The status updates of far flung friends are a joy to receive and news feed niceties about how someone’s day is going are… fantastic.
All that real-time feedback, genuine and personal as it often is, is awesome and makes my time on the site worthwhile.
All the same, as a start up founder myself; I understand the very real pressure to generate revenues you are now under.
