Social Network Wars are Over; Now the Fun Begins If you’re sitting on the sidelines waiting for the market to pick winners in the social network race, you can stand up now. Hitwise data for 2007 shows that MySpace and Facebook together accounted for 88% of all visits to social network sites. The next closest competitor, Bebo , got a little more than 1% of the traffic.

There simply is no more competition in the general-purpose social network market. Other social media winners include LinkedIn (which wasn’t included in the Hitwise data), YouTube and Flickr. If you're a big brand pursuing a broad strategy, you can safely place your bets on these services. For the next year or two, the also-rans will be busy finding buyers and merger partners.

Now is when it really gets interesting, because now the action shifts to vertical market sites. For many marketers, this is where the more interesting opportunity lies. For example, in the area of health, there’s CarePages.com, Wellsphere, Patientslikeme, RevolutionHealth.com and iMedix. Seniors can choose from Elder Wisdom Circle, Grandparents.com, Eons, TeeBeeDee and Multiply. Mothers can sign up for Cafemom, MothersGroups.com, MomJunction and MothersClick, among others.

And the action isn’t limited to consumer markets. Sermo is a social network for physicians, which now boasts more than 50,000 members. Doctors exchange information about serious medical issues and review cases in real time. Pairup connects business travelers for peer advice, networking and assistance. There’s a list of more than 350 social networks here.

Don’t let small membership numbers fool you. Many of these sites may be attractive marketing venues. Scan the groups, discussion topics and participants and look for content profiles that match your market. Prices are generally lower than those of the big social networks and the audience is far more targeted.

Marketing to vertical communities is very different from mass marketing, of course. If you're interested in building a campaign on Facebook, have a look at what Southwest Airlines and Victoria’s Secret are doing, or the group started by Starbucks fans that has over 60,000 members. There's nothing particularly high tech about their presence. They mainly provide a place where customers can keep in touch with the brand and have access to special offers and downloads.

When marketing to vertical communities, you need to dig deeply into the expertise in your organization. Members of a health-oriented network, for example, want to speak to people who have lots of expertise in nutrition and treatment. Discounts and promotions won’t work nearly as well in narrow markets as they do in broad ones. If you have articulate, interesting domain experts in your organization, now's the time to pull them out of the shadows and engage them with knowledgeable communities. Live chats, webcasts and Q&A forums are particularly effective.

Much of the media attention in the last year has focused on the battle for social network supremacy. With that competition now over, the market will subdivide itself in interesting ways. This process will continue for years, presenting an ever-shifting landscape of new marketing opportunities.

Labels: facebook, linkedin, myspace, social_networks, vertical

  ¶ 1:09 PM 1 Comments Links to this post

  Tech PR War Stories podcast offers new social media advice Over at the Tech PR War Stories podcast, David Strom and I have been busy interviewing some fascinating people about social media marketing. Here’s a roundup of recent activity. You can subscribe to the podcast feed on the site or by clicking here.

44: Internet Marketing Superlist Author Shares Secrets
At the end of 2007, Tamar Weinberg assembled an amazing assortment of blog entries about everything from headline writing to linkbaiting to becoming a Digg.com power user. Tamar will give you a twentysomething’s perspective on social media. If you’re trying to really understand this phenomenon, listen to what she has to say.

Four great trade show tips

Evan Schuman (TPRWS 39) of StorefrontBacktalk.com has spent a lot of time at trade shows lately and he sent us these four tips for getting the most out of media contacts.

45: The social media skeptic

Jennifer Mattern calls herself the “social media Grinch.” But that doesn’t mean she’s down on social media. It’s just that she thinks the focus on social media can distract PR people from their real work, In this interview, she outlines her cautionary advice about social media and stresses the fundamentals that PR people still need to employ.

46: How to find influencers

I’m writing a how-to book about social media marketing and one chapter is devoted to hands-on techniques for finding influencers online. It isn’t as simple as it sounds. In this episode, I talk about what I learned conducting influencer searches on behalf of a mythical Quebec resort. Step one: master advanced search.

47: Twitter magic

Many people’s first reaction to Twitter.com is that they just don’t get it. It looks like barely controlled chaos. But Twitter has inspired a passionate following. Laura Fitton is a poster child for a service that is revolutionizing the way people interact with their social networks. In this interview, she describes what’s unique about Twitter and how it can be useful even to people who don’t use it that often.

---

Learn C++ programming, get Cisco certification, Oracle certification, a Network Administration degree or learn Sun or Microsoft programs online.

---

Labels: blogculture, podcast, PR, social_media, social_media influence, social_networks, socialnetworks, twitter

  ¶ 3:28 PM 0 Comments Links to this post

  Nothing ivy-covered about these students This morning, I had the chance to speak to a group of students in Susan Dobscha’s class at Bentley College. All I can say is: marketers, you’d better get ready for some big changes.

These students don't have to be taught concepts like conversation marketing, customer engagement and the value of social media. They live it every day. They throw around words like "transparency" as easily as their predecessors used “CPM.” They understand intuitively that marketing is about relationships and what they termed "deep branding." That means embedding a brand on a customer's mind through a long-term series of interactions that stress value for both parties.

The topic turned to Facebook for a while, and it's clear that the students regard it as a tool to facilitate relationships. They maintain very large networks of casual acquaintances -- one student described them as the people you say “hi” to in the hallway but don't stop to talk to -- and social networks are a means to accomplish this. I asked a class of about 25 students if any of them had formed meaningful relationships online and only one hand went up. Despite what the older generation may think, these kids value personal relationships as much as anybody else, it's just that they expect to maintain friends networks that are five or six times as large as those of their parents. Imagine how business will be done differently when millions of these people hit the workforce.

One innovative project that this class is pursuing is maintaining a blog. Each student is required to follow a single blogger and to comment upon his or her writings during the course of the semester. These real-time observations are incorporated into the curriculum, making the classroom conversation about as current as any I have ever seen. The instructor told me that this is Bentley's first social media marketing course and that enrollment filled up in 20 minutes. You can see why: these kids understand where the future lies and they're not weighted down by assumptions about how marketing should be done. Beginning next year, some of them will be working for you. I would advise you to listen carefully to what they have to say. And Bentley should take those enrollment numbers as a message.

I had lunch with a small group of Bentley marketing faculty, several of whom specialize in marketing analytics. One professor asked me, somewhat ruefully, if marketers have wasted the last 20 years perfecting their analytical skills. I'm afraid I only gave half an answer. I said that the focus on analytics was a function of the limitations of media at the time. In other words, it was impossible to have meaningful conversations with customers until a few years ago, so marketers focused on measuring the limited contact they had.

What I should have said was that analytics will be even more important in the coming era. The Internet is the most measurable medium ever invented, and the challenge for marketers will be to develop useful metrics from a vast menu of options. The marketing analytics discipline should only grow in importance as people sort through all the choices. While it's true that relationship marketing demands different skills that analytical marketing, that doesn’t make analytical skills any less important. Quite the contrary.

Labels: analytics, Bentley, education, influence, marketing, social_networks, socialmedia, transparency

  ¶ 8:00 PM 2 Comments Links to this post

  Daily reading 01/27/2008

Conversation Agent: Forget Influentials: in Viral Marketing, Context Matters - Conversation Agent, Jan. 18, 2008

Valeria Maltoni analyzes recent work by Edelman to understand the dynamics of viral marketing. Conclusions: It's the Network, Stupid. In other words, influence has less to do with individuals than with the patterns by which information is spread. Figuring that out will get you farther than understanding who are the top bloggers. Interesting stuff.

Web Ink Now: The New Rules of Viral Marketing - free ebook!

David Meerman Scott has another winner with this short e-book about viral marketing. It's already been downloaded 20,000 times and once you read it, you'll know why. No obligation, no registration, just get it.

Secret Websites, Coded Messages: The New World of Immersive Games - Wired, Dec. 20, 2007

Labels: influence, social_networks, viral_marketing

  ¶ 8:30 AM 0 Comments Links to this post