“Social networks are good for PR but not for advertising”
“WPP found that more of their clients were interested in keeping consumers updated on company changes, events and specials and that social networking sites were a good way to do this. However, advertising on social networks was not as popular, leading the company to deduce that social networks are helping businesses but in a different way than originally thought. From the beginning, many businesses have been interested in creating branded micro-sites within social networks. What this trend report indicates is that this is a good way to connect with a user-base, to introduce new products or to keep consumers updated on sales or company events.”

“International Social Networking: Facebook in German, LinkedIn in France”
“Two interesting developments in social networking localization: Facebook today released a German-language version of the site, and LinkedIn has entered the French market in a bigger way by signing a deal with popular job listing site Apec. And speaking of translations, and French, and social network globalization, this very interesting map (in French) shows popularity of social networks in different parts of the world. Facebook is fourth in Europe, so perhaps a German translation will bump it up soon. LinkedIn does not appear on this map.”

“A Facebook For The Seven-Figure Set”
“A private social networking site for top-flight corporate candidates? Executive search giant Heidrick & Struggles is developing one, in an effort to streamline its recruitment of elite managers.”…”Heidrick, which has a global practice, is betting the site will become a destination for candidates wanting to view presentations by employers—and for clients, especially those who need to assess résumés and references quickly. ‘With all the time zones around the world,’ says Heidrick partner Jeffrey Hunter, ‘it makes for a very effective gathering point.’ The key, say Hunter and other Heidrick partners, is to offer greater privacy and security than the public Internet provides. The idea, says CEO Kevin Kelly, is to reduce the usual three- to four-month search time for high-level hires. ‘We’re an old firm with an old business model,’ Kelly says. ‘I’m thinking about how we help redefine the industry to respond faster.’

Take This Poll On Mashable!
“This week featured two more major platform announcements: the iPhone SDK, which allows developers to build applications for Apple’s mobile device, and Open AIM 2.0, an expanded developer program for AOL’s leading instant messaging software. Next week we’ll see the consumer launch of the MySpace Developer Platform (and as such, a significant launch for Google’s OpenSocial). Meanwhile, it has has already been almost a year since Facebook kicked off the third-party apps craze with its platform.” Which platform do you think is the best opportunity for developers? Click here to vote and view results.

“Russian YouTube Clone RuTube Valued At $15 Million”
“With about 400,000 daily users and consumption of over 40 million videos per month, the monthly revenues reportedly reach about $400,000. We actually mentioned RuTube in two blatant rip-off posts, so perhaps you’ve noticed that a lot of clones occur overseas, which also seem to be the most successful. Quintura mentioned this by noting that US-based clones don’t seem to catch the same kind of breaks we’ve witnessed in Germany and Russia, among other countries that are across the ocean. A $15 million valuation isn’t bad for the boot-strapped RuTube, which was started shortly after YouTube was acquired by Google. Well, that’s a dream come true, now isn’t it? The Russian market is heating up in the online space, with LiveJournal recently having been acquired by Russian company SUP as well.”

Robby Berthume: IMO, this last headline regarding RuTube shouldn’t be taken lightly. There are so many sites and start-ups that need to take notice of the opportunities in being the first-to-market in other countries besides the US. Much opportunity awaits in the globalization of social networking and web 2.0.

What’s new and notable in the social networking realm?

• David Kirkpatrick, Senior Editor of Fortune, did an interesting write-up entitled “Geography, social media and breakfast“: “Combining social networks with geographic information was one of the big ideas at a gathering this week of uber-techies and media digirati in New York.”…”The next big thing is the integration of location-based information with social networking applications. At least that’s one conclusion I took from a high-energy “social media” breakfast for 100 techies in New York this week.”…”Not only will you see what someone is doing online, but you will know where they are doing it. That might significantly change how you relate to people in the real world.”…”Not merely entertainment, it is supposed to let you use Google maps to get things done with other people, as well as play games. Aktihanoglu says it will allow you to, among other things, in effect combine Craigslist with Google Earth. His motto: “Never be lonely again!” (It’s pretty hard to use so far, though.)”…”Geography is likely to get more important on the Net.”My Response: A very interesting and relevant article about the state of social networking and the integration of geography into the fray. I agree with Mr. Kirkpatrick and this is evidenced by several of our current social networking projects utilizing Google Mapping technology and geo-based functionalities. I’ve said this before and I’ll say it again: the next phase in social networking will be a “shakeout” of the social networks that aren’t relevant, aren’t adding value, and aren’t fulfilling a need or want in a simple, innovative way. People don’t want “just another social network.” No one wants to have to join and maintain presences on 10 social networks, especially if none are adding value and all are focused simply on trivial conversations and “pokes.” My belief is that in the future, one “broad” social networking is certainly needed (e.g. Facebook, or when a social platform succesfully connects ALL networks and gets broad appeal, so if you have a presence out there on one site, you have a presence on this main site). Several career (or student based, for younger people) based social networks would be valuable and additional sites will have to fulfill a want or need so well, and be so focused on adding direct value to their audience, that interested users will have no choice. Geo-based functionalities is simply an example of this new breed of valuable features that combine function with form in an innovative way.
• Esther Dyson of the Wall Street Journal wrote “The Coming Ad Revolution“: “The current online-advertising model will become less effective, even as it gets increasingly sophisticated. New players are emerging to devalue the spaces that the ad giants are currently fighting over. Companies you’ve never heard of called NebuAd, Project Rialto, Phorm, Frontporch and Adzilla are pitching tools to Internet service providers that will enable them to track users and show them relevant ads. This approach (called behavioral targeting and already in service by ad networks that track users through so-called tracking cookies) undercuts traditional online publishers, who employ content to lure users and to sell adjacent ads. Now, the ISPs can sell advertisers direct access to the same users.”…”This market will get more competitive, and users will be barraged by ads to which they will pay less and less attention. Call that public space, a world of billboards and cacophony. Even though the ads will be more “relevant” than ever, users will increasingly tune them out.”…”This does not mean that traditional online advertising will go away, just that it will become less effective. Value is being created in users’ own walled gardens, which they will cultivate for themselves in real estate owned by the social networks. The new value creators are companies — like Facebook and Dopplr — that know how to build and support online communities.”My Response: Key point here: when you’re serving a visitor with a relevant product, link, or company (note my omission of the word “ad”) at a time when they need or want this information, it’s not annoying. It’s helpful, valuable, and liked. Examples: Google’s Sponsored Search Results and Amazon’s Recommends. Except, too much of a good thing is a bad thing. So even more relevant ads isn’t necessarily wanted, either. On the other hand, any other method of approach in this day and age simply will not work that well anymore. With more and more clutter comes more and more selective vision and hearing. It’s exciting indeed to see the new technology on the horizon continue to evolve into more and more useful as mass advertising winds down.

Other notable articles:

• Presidential Hopefuls Spending Little On Web Ads. Why? Social Networking.
  “…We can all recognize collectively that modern social frameworks on the Web are remarkably efficient platforms and means with/by which messages can be relayed. And if we are to take into account the reality that many millions of Americans are connected in one way or another to online networks - if one should look at the growth of social networks over the last few years, one can see quite clearly that a very significant percentage of Internet users in the U.S. are connected to a social framework of some sort - it then must come as little surprise that advertisement spending by the present set of presidential campaigns has been, well, exceedingly small. Especially given the very momentous circumstances we find ourselves in.”
  
• Facebook on top of social networking tree, but you won’t find new friends or a job.
  “Facebook is still the most popular social networking site among students and graduates, and clearly ahead of Bebo and MySpace when put head-to-head according to Milkround.com’s student and graduate database. But users claim none of the major three offer enough help finding new friends or a job.”

P.S. Facebook, if you’re reading this, I’m SO tired of Facebook Application-originated SPAM! I understand things spread virally and that the current methods ensure the Facebook Platform grows and that Facebook app developers have an easy, viral method of transmitting their work and spreading their tools. It’s simply that when it becomes a nuisance/annoyance every time I log in to my account to have to clear tons of invitations and junk from my account, something is wrong. Am I not supposed to enjoy my logged-in time on Facebook? Because it’s starting to feel more like taking out the trash every week. To me, it’s the social networking version of e-mail forwards. Yes, the e-mail forward is originating from my friend, but with too many non-relevant forwards, pretty soon you block them all out and eventually set your spam filter to “kill mode.” To add insult to injury, it appears the mySpace is following the same path. Go figure. That is, go figure out how your social network can add value and spread ideas without becoming annoying, intrusive, and cluttered.

-RB

From Seth Godin:

• How to title stuff
• The truth about word of mouth

Social Media/Blog Marketing

• Networking on several social sites
• Link Bait Articles
• How Companies Blog
• Corporate Blogging Resources
• Flickr for Marketing, PR, and Online Demos
• Tweeterboard (Top 100)
• 10 Social Media Strategies for the Fortune 1000 Corporations
• What Works/Doesn’t Work in Online Marketing
• The Many Forms of Web Marketing for the 2007 Web
• Guerrilla Marketing Ideas for Your Website
• How To Encourage clients to Engage in Social Media
• 8 Simple Rules For Social Media Marketing in Business to Business Markets
• Best Internet Marketing Blog Posts of 2007

The latest headlines from the social networking realm:

• More Firms Create High-end, Custom Social Networks
  “A highly customized social network can run between six and seven figures. But those are ones with lots of bells and whistles. Even with the cost, social networks have become the Web site of this decade. Back in the ’90s if you didn’t have a Web site you were irrelevant; the same was true with having an e-commerce site in 2001. That is where social networks are right now.”
  I couldn’t agree more with Jerry Sheer in this candid interview with the Wall Street Journal
• stickK Introduces the Self-Contract
  “stickK is designed to promote a healthier lifestyle by allowing users to create “Commitment Contracts” that oblige them to follow through with commitments such as exercise and quitting smoking.”
  An innovative spin on offering value to users while encouraging repeat visits and follow-through. This is a feature that will be interesting for other social networking websites as well to examine and incorporate with the right audience/niche.
• Social Network Marketing Campaign Strategies for Success
  “Many brands are considering it, some have done it. Done what? Marketed on social networks (Facebook, Myspace, or private label social networks). Why? Social Networks are attractive because consumers are connecting with other consumers and the trust tends to be higher. Secondly, there’s a tremendous amount of buzz from the media for this newest form of marketing. Lastly, there’s lots of folks using social networks (about 2/3rds of all North American youth use it daily, and about 1/3rd of NA adults use it as least once a month –data From Forrester Research, Q4, 2007)”
  A well-written breakdown of key areas to consider in terms of running marketing campaigns on social networks.
• Fake Facebook Profiles
  “Make a spoof celebrity profile on a major social network lately? Well, don’t. Not if you live in Morocco, at least. 26 year-old Fouad Mourtada, an IT engineer, has been arrested for making a fake Facebook profile for Prince Moulay Rachid, the younger brother of King Mohammed VI, according to FaceReviews.”
  5 years in prison? Are you serious? Facebook & mySpace scammers beware!
• The Web 2.0 Marketplace
  “Buy, sell, and trade anything Web 2.0″
  Excellent resource. This marketplace has categories including: websites for sale, websites wanted, jobs available, jobs wanted, consulting, blogger jobs, bloggers for hire, platform/software providers, Facebook developers, events, domains for sale, seeking funding, etc…

Here are just a few of the latest headlines in the social networking realm. Both positive and negative, the social networking space is shifting and evolving with every day that passes as the expanding force of social networks adjust and re-adjust their approaches and strategies in light of changing statistics, problems, and breakthroughs.

It’s interesting to note that it seems more and more people are realizing that turnkey social networking platforms (e.g. “launch your social network in minutes!”) may not always be the best route to take. A custom, scalable social networking website built with innovative spins on “same-old-same-old” features combined with a new level of usability and integration with other non-networking based features may be the way of the future. It’s still very possible to create a hit as exciting news in mobile social networking, continued interest, and a shake-out of the clutter leaves room for the remarkable sites to rise to the top.

• Mobile Social Networking Revenues Could Reach $52 Billion Within 4 Years
  “Mobile Social Networking is already an established service in some regions, but in 2008 and beyond new features are attracting larger numbers of users and permitting new business opportunities. Mobile Social Networking is now a global phenomenon with expansion in all directions.”
  Couldn’t agree more and that’s why our entire team is focused on mobile social networking as the next level of our custom social networking services…
• Facebook’s Membership “Stickiness”
  “Are you a member of Facebook.com? You may have a lifetime contract.”
  They’re at it again!
• The Many Challenges of Social Network Sites
  “From white label social networks to existing social networks like Facebook, MySpace, Bebo, and on, there’s been much hoopa raised. Yet, we should always remember the challenges that are facing these tools, as there are many difficulties to overcome.”
  Excellent points of contention; each obstacle can be overcome, but the overall lesson is that it isn’t easy to build a vibrant community and a great deal of strategy, planning, and innovation should exist in order to spawn success.
• Social Networks Still Going Strong, Engagement Leveling Off
  “Stats to be released tomorrow by comScore show that traffic to most of the top social networking sites is continuing to increase in the US, although the amount of time users spend on such sites is leveling off. For example, while MySpace is showing 11.6% year-to-year growth in unique visitors and Facebook is up 78.6%, the amount of time the average user spends on each site is down 10.4% and up just 1.1%, respectively.”
  Time spent and repetition of visits will be the name of the game as social networking evolves.