From the category archives:

Gatherings

Social Media threatens ad shop revenue

by Jason Preston on January 15, 2009

The Financial Times points out today the growing disruptive force that Social Media is becoming for advertising agencies around the world. The more media comes to be dominated by non-traditional publishing space, the less these ad agencies are going to be able to rely on traditional ad work to keep them up and running.

There are a couple of genius ads, of course, like the Cadbury Gorilla one mentioned in the article, but:

not enough agencies are adjusting to the online world, the IPA warned. In its worst-case scenario, the resulting decline in paid-for advertising space could see £16m ($23m) of revenues lost by the industry by 2016, if agencies fail to create new products and services to cater to the social media world.

The good news is that this is a problem on both ends: advertisers are looking to create new advertising products that work in a social media setting (and make them money), while at the same time social networks like Facebook are going to be scrambling to find effective ways to monetize their pageviews.

It seems likely that they’ll end up finding some answers in the middle, out of necessity if nothing else.

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Creating a Social Network or Fostering Community?

by Jason Preston on October 1, 2008

Ars Technica already has a fairly thorough review of NPR’s new beta “NPR Community,” so for the nitty-gritty on how it all works, I’ll let you read their post.

The NPR Community reminds me a lot of the New York Times social experiment dubbed Times People that debuted several months ago. At the time, I called it a new social network, much like Ars refers to NPR Community as a new social network.

In retrospect, I’d change my verbiage: these are not new social networks.

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I went out to dinner with Baratunde Thuston in Austin last night. This is his third South by Southwest and he’s been teaching me the ropes.

Baratunde is a self-described “conference whore.” He makes the rounds of the geeky conferences every year because, he says gesturing back and forth between the two of us, “you can’t replicate this online.”

Companies looking to build communities online need to be aware of that fact. For example, I’ve long argued that the online “I Love My Dog” community built by Del Monte Foods — the makers of Snausages — to bring dog lovers together around their product needs to have a connection to real world.

If I were working for Del Monte, I would plug into the Google Maps API, and crowdsource my dog loving user base to build a map of every dog park and off-leash area in America. Then, I’d encourage users who had connected in my online space to find one another offline and arrange playdates for their dogs.

The investment here is about giving back to the community that has spent time and money reinforcing your brand. The return is increased customer loyalty and the power of passionate, word-of mouth recommendations.

Yes, things get out of control when online communities meet in the real world. (It’s becoming rapidly clear to me that the primary purpose of SXSW — as “Four Hour Workweek” author Tim Ferriss put it last night — is to get drunk with bloggers.) But in this brave new marketing world, it seems that out of control is where the magic happens.

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Lee Lorenzen’s Slides: Why FB is Worth $100 Billion

by Teresa Valdez Klein on December 6, 2007

Here is the Word Document of Lee’s presentation in case you’re interested  in following along on your own screen.

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Extreme Demo with Ellen Leanse

by Teresa Valdez Klein on December 5, 2007

An overview of tips and tricks to use Facebook features for business productivity.

Ellen Leanse will present this session. If you’re interested in leaving a note for her about what you’re interested in hearing, please be sure to leave a note in the comments.

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Facebook for B2B Marketing

by Teresa Valdez Klein on December 5, 2007

Mari Smith proposed our Unconference Session C on B2B Marketing which will be held at 4:30pm.

If you’d like to join Mari on a panel discussion, please leave a comment below or ping her on Facebook to let her know.

Also, if you see any additional topics under the B2B heading that you’d like covered, let us know.

B2B Marketing: Facebook Tips and Tricks

How to:

• Proactively build your community (Friends list).
• Discern which apps and activities to engage in for professional purposes.
• Use Facebook effectively for strategic business networking.
• Increase your credibility and visibility.
• Manage your reputation.
• Monetize your efforts.
• Track your results.
• Outsource your social media activity.

Mari is a Relationship Specialist and Marketing Coach. She teaches a free online introductory course on using Facebook for strategic business purposes at http://facebookfortunes.com, using the FB app, Podclass.com.

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Building Talent Networks on Facebook

by Teresa Valdez Klein on December 5, 2007

With Facebook’s Platform launch, employers can now tap the Facebook audience like never before. Jobster has helped employers build networks of job candidates on Facebook using the viral social networking features on Facebook since February, 2007. During this period, we learned a lot about what Facebook members want (and don’t want) in a careers service on Facebook, and we worked with dozens of leading employers to understand how to best help them reach the Facebook audience.

We learned that:
Facebook users want opportunities to connect with employers, but this has to be done carefully, in manner that maps to the way that Facebook works.
Facebook users do NOT want potential employers trolling their profiles.
Facebook users want ways to get noticed by employers, to interact with employers, and to get ahead in their career.
Employers are very interested in reaching the coveted Facebook audience.

We’ll talk about tips and tricks to get you and your organization noticed on Facebook.
·         Are you and your company on Facebook?
·         Are you networking?
·         Are you joining groups and commenting on strings?
·         Do you have a company fan page?
·         Are you publishing your company blog on Facebook?

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Facebook Paid Advertising Nitty Gritty

by Teresa Valdez Klein on December 4, 2007

I WOULD LIKE TO ATTEND A SESSION LIKE THIS — BUT I CAN’T LEAD IT.

A session that focuses specifically on paid advertising on Facebook. Strategies, success stories, failure stories, lessons learned.

- CPM vs PPC
– When to use one vs. the other
– Does position matter? CPM displays ads in Ad Space OR News Feed. PPC displays in both.

- Targeting
– Keywords (impact/consequences/benefits of using)

- Images or Not

- How FB Advertising Differs from Search PPC

- Lessons Learned (if any so far)
– Success stories
– Failure Stories

- Social Ads vs. Non-Social

- How FB Could Improve the Paid Advertising Program

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1) Trust in Social Environments: what is assumed and what is stated?
2) Best Practices: developing and communicating your privacy point-of-view
3) Why Respect is good for business…especially in social environments
4) Recovering from mistakes: how to respond when “learning opportunities”
arise

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Too Much Information? The blending of personal and professional

by Teresa Valdez Klein on November 26, 2007

Generations share information online for different reasons. Generations X and Y share more information and blend the two in hopes of finding others with shared affinity. Babyboomers tend to share very little.

What are the pros and cons of each approach? When does it become overshare, and is there any risk?

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Why Facebook is Worth $100 Billion

by Teresa Valdez Klein on November 26, 2007

Keynote by Lee Lorenzen

Microsoft’s recent purchase of a 1.6% stake in Facebook for $240 million set off a wave of skepticism and debate in the technology community. Most people said that a $15 billion valuation for a company that brings in little more than $30 million a year in profits was astronomical.

Lee Lorenzen thinks differently, and some people are starting to agree with him. He contends that based on where they’re going, Facebook is actually worth $100 billion. In this session, we’ll hear what Lee sees for the future of Facebook and why he thinks Microsoft got a screaming deal.

After the jump, a video of Lee advising Facebook CEO Mark Zuckerberg about valuation…

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Over the past couple of weeks, we’ve been spending a lot of time in the attendees-only Facebook group discussing possible topics for the unconference. The conversation has been incredibly helpful and informative.

Here is a table of the topics that I see emerging from this conversation and where I see them potentially being covered.

Topic Session
Merging identities across web applications and their Facebook tie-ins, as in the case of iLike. Let’s do an unconference session about Facebook’s role in online identity management and the implications of that standard for privacy.
Privacy Some of this will be covered in the Facebook for Professionals session. Another chunk of it can be covered in an unconference session proposed above.
Recruiting for human resources departments, higher education and non-profit/non-governmental organizations. I know there’s been a lot of buzz about this, with the most prominent case being that of Serena Software. Does anyone have any ideas about a local (Seattle) expert that could speak to this topic? Anyone already on the attendee roster interested in discussing it?
  • Best practices for the solo entrepreneur and small business owner.
  • How to efectively use Facebook for strategic business networking.
  • Managing time and relationships effectively.
  • Useful FB applications for business owners.
Facebook for Professionals
  • Setting up a Facebook business page for findability.
  • Using Facebook ads. Testing and tracking results.
We’ll be putting together and announcing a session that covers the new “pay-per-presence” and “fan-sumer” tools on Facebook. I think this topic is best covered there.
Groups, open closed, secret and sponsored — which is best for what purpose. Growing Your Group: Care and Feeding of Your Community
How to best blend your efforts on Facebook with other social media platforms. I smell another unconference session here. Or this could be a topic to bubble up under Outreach Strategies: Balancing Applications, Advertising, Groups and More.
Facebook for the Enterprise We talked about doing a session like this at one point and decided that Facebook for the Enterprise deserved it’s own conference. There’s just too much to cover there to possibly do it justice within this event without setting aside a separate track for it.
Facebook for Marketers The whole conference will have aspects of this topic woven throughout. Plus it’s one of our more popular topic table ideas.
Measuring ROI, especially for retail brands. This smells like an unconference session to me. I’m guessing that some of our experts will probably have a lot to say on this subject as well.

So what do you guys think? Did I capture everything major here? Does anyone want to get the ball rolling on proposing an unconference session?

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During day one of the Web Community Forum 2007, we’ll talk about what makes a great Facebook application. During day two, we’ll hold an open forum to talk about what we like and don’t like about some of the more than 4,000 applications currently running on the Facebook platform.

In the session, entitled “Lessons Learned,” we’ll talk about technical issues:

  • When should you use Flash in profile boxes?
  • What’s the optimal layout for a canvas page?
  • How can you work around Facebook’s requirement that applications not store user data?

and specific problems:

  • What is the line between self-promotional applications and spammy applications?
  • Which apps make the best use of the news feed?

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Marketers who want to make the most of Facebook’s explosive growth are currently working around several barriers:

  • Facebook freqently changes the API, FBML language and terms of service. The prospect of budgeting for application development when you might have to turn around and throw more money at the project in six months is daunting for marketing teams used to fixed budgets.
  • Facebook’s advertising click through rate is widely regarded as a big downside for the social network. Are advertising campaigns on Facebook ever effective? What would make them more effective?
  • Companies that start sponsored groups need to spend more than money. Without effective community engagement and moderation, groups can be overrun by spammers and trolls. Recent criticism of Wal-Mart’s Facebook strategy underscores the need for effective community managers.

What is the optimal mix of these outreach strategies for organizations that want to make a splash inside Facebook? As with business blogging, there is no one-size-fits-all formula.

We’ll be tackling these issues in a session at the upcoming Web Community Forum entitled “Outreach Strategies: Balancing Applications, Advertising, Groups and More.” In this session, we’ll discuss the ways that marketers, web strategists and community builders are developing their own strategies within the walled garden.

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Facebook for Professionals

by Teresa Valdez Klein on October 1, 2007

Now that Facebook has announced that it plans to include granular permissioning for different types of friends, the question on everyone’s minds is, “What does this mean for Linkedin?

Linkedin has long been the social network of choice for professionals. But its dominance in this space has been under attack as more professionals spend their time networking on Facebook. This growth has been limited somewhat by the fact that Facebook does not currently have a system for designating how well a “friend” is known to you, or by what means.

This limitation has meant that some content — photos of a Saturday evening spent singing semi-inebriated karoke, for example — might be better suited to an e-mail among friends than a dedicated Facebook album. The restoration of the personal-professional barrier on Facebook is a boon to twenty-somethings like me — who have been on the site since college.

With this type of content permissioning firmly in place, all kinds of people are free to start using Facebook as a professional network as well as a place for friends to congregate. This imbues a number of old questions with new importance:

  • How do I manage my professional relationships on Facebook?
  • What is the proper etiquette for a friend request?
  • What are the special concerns for professional women on Facebook?
  • How will these granular permissions play out?
  • What features would make Facebook an even better place for professionals to network in the future?

We’ll be asking and discussing these questions and more in a session at the upcoming Web Community Forum conference in a session entitled “Facebook for Professionals.”

What do you guys think? How are you using the site to network professionally? Personally? Where does the divide create conflict?

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