Kelsey Ruger’s presentation on some of the things that you can track and measure in a social media campaign. From the Pop Labs SEM Workshop
Latest Updates: Social Network RSS
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OpenSocial provides a common set of APIs for social applications across multiple websites. Using standard JavaScript and HTML, they enable developers to create apps that access a social network’s friends and update feeds.
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Numerous top brands are rumoured to be lining up advertising deals with the hottest property on the web at the moment – Facebook.
According to the Times, industry-leading firms such as Apple, Coca-Cola, Conde Nast, General Motors and Nike are jockeying to sign up to display adverts on the fast-growing social network.
This follows the website gaining further respectability among the big players in advertising due to Microsoft‘s recent purchase of a 1.6 per cent stake of the firm in a deal which valued Facebook at £7.3 billion – more than British Airways – despite not having yet made a profit.
However, this may soon change as eMarketer predicts that this year some £450 million will be spent on social network advertising in the US and a further £167 million by firms in the rest of the world.
This is based on the hope that advertisements will be accurately targeted to those who may be interested in a product or service, having identified them as a target using the information on their social network profile page.
A recent Ipsos Insight study added further fuel to attempts to monetise the precious consumer data on social networks by profiling the average social networker and finding that they are typically more likely to own technology, consume more digital entertainment and own more mobile devices.
Although Carlton Cribb, the digital buying director at London ad agency Zed Media, told the Times there are still kinks to be worked out in creating a reliable ad targeting system for social networks, the interest from major firms may help Facebook and other social networks such as MySpace open up to advertisers in a bid to cash in on their detailed user information.
Internet Marketing News posted on 30/10/2007 09:44:42
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Social networking site MySpace is to launch a targeted ad platform that will allow advertisers to place Internet Advertising.
Called SelfServe, the system appears to be similar to Google‘s AdSense and is aimed at small businesses, bands, politicians and others.
It will enable advertisers to purchase and create ads, as well as track their performance across the MySpace network.
Representing yet another advance in the field of internet advertising, the system is being billed as the first platform to give small businesses customised tools so that they can provide targeted display ads on a social media site.
“SelfServe by MySpace leverages our industry-leading ad targeting platform, enabling anyone to create meaningful business and promotional campaigns through the vast friend networks they’ve built on the MySpace platform,” said Michael Barrett of MySpace owner Fox Interactive.
“Targeting is for everyone – from the smallest band to the biggest brand – now MySpace provides a solution for anyone looking to advertise on the most trafficked site in the country.”
Social networks such as MySpace and Facebook are growing rapidly and provide an excellent opportunity for online marketers.
Facebook recently underwent a change so that companies such as Amazon could embed applications on the website’s pages.
Use link building to improve your website’s exposure to potential customers.
Online Advertising News posted on 06/11/2007 08:51:10
