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07.26.06


Ad:tech Chicago - Advertising With Social Media

By Lee Odden

ad:tech Chicago is coming along nicely. Coverage of the conference by Online Marketing Blog as well as DMNews and iMedia Connection is keeping those who were not able to attend well informed. Here's the next installement of our coverage:

Any discussion about social media and social networking is going to involve MySpace. This session did exactly that with some aspect of MySpace being included in just about every speaker's contribution to the session.

Rather than a presentation format, moderator David Carlick of Vantage Point Venture Partners introduces "Social Media: The Dynamics of the Genre and the Opportunities for Marketers" as a Q and A session.

Carlick starts things out talking about MySpace as a way to explain social media and social networking. He shows a MySpace news clip: MySpace most popular site over Yahoo and Google. The challenge with MySpace is how to leverage advertising.

He goes on to show a sample search of MySpace for a particular demographic and example profiles as well as the kinds of ads that show up. Most of the ads had nothing to do with the content on the profile pages. The content on the profiles for the younger MySpace members was a bit racy. Racy content makes brands tentative about advertising on MySpace.


MySpace is more fun that television! But how do you monetize it?

New we get into the moderator/panel commentary and Q and A.

Amy Gibby of eCRUSH.com starts out with:

Is social networking something advertisers can ignore?

She sites an Economist article that discusses the evolution of advertising:

The Wanamaker Era:

"Half of the money I spend on advertising is wasted. The problem is, I don't know which half."

Tobaccowala Era:

"Advertisers now make lots of spearheads and then get people to impale themselves."

Gibby recommends an article, "Parenting your Brand in the social media space by Pete Blackshaw of Intelliseek.

eCrush got into the social networking game in 2002 with "eSpin the Bottle" that serves as a forum for participation with advertisers. As you enter different social media spaces, there are different rules for engagement. The social media space is not a fad.

The Spin the Bottle social networking service profile experience is very controlled. That information makes it easier to target for advertisers. Allows advertisers to target very specific demographics. Members control the content as well as the advertising.

Next up is Shawn Gold, Senior VP, Marketing and Content, MySpace.com:

Read the Full Article

About the Author:
Lee Odden is President and Founder of TopRank Online Marketing, specializing in organic SEO, blog marketing and online public relations. He's been cited as a search marketing expert by publications including U.S. News & World Report and The Economist and has implemented successful search marketing programs with top BtoB companies of all sizes.

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