10 Things Marketers Need to Know About Social Networking

March 19, 2008

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In 2008 US$ 1.38 bn is expected to be spend on ads on social networks. Here are 10 tips and pitfalls:

  • Although the online population explosion continues, Datamonitor predicts social net expansion will peak worldwide in 2009 and plateau in 2012.
  • Mobile and niche social networks will take off.
  • Real-time keeps getting realer.
  • A profile backlash makes things simpler.
  • Voice and video will keep people connected.
  • Branded social networks will be integrated, not tacked on.
  • Yahoo will use social networking to take down Google.
  • Virtual communities will remain problematic for advertisers.
  • What old media does well – create content – may finally give them an edge in new media.
  • Users will make the Web their social network.

Link:
OMMA: 10 Things You Need to Know About Social Networking by Liz Tascio