Marketing to the "social networks"
eMarketer reports on the growing popularity of social networking sites, inparticular, MySpace, which apparently recorded over 600% growth in traffic in the past year.
The increasing interest in these sites can also be gauged by the fact that UK's iTV has just snapped up Friend's Reunited for 120 million pounds.



I feel we are increasingly seeing and experiencing the use of the word "community" -- a term that was overused during the heady Internet-boom days of the late 90s. Back then, while every website talked of community, that was a "virtual" entity- both literally and figuratively. Not any more, as we are seeing the emergence of good, active, and real online communities.
Obviously, this opens up a world of possibilities for marketers and marketing/media planners, who could potentially target sizeable and active communities. One of the advantages of these social networks is the regular interaction between the networkers. To what extent and at what points can and should marketers be allowed to non-intrusively and un-irritatingly (does that word exist?) be able to push their marketing message remains to be seen. Nonetheless, I don't think it is an opportunity to be missed.
The biggest potential advantage of being able to market to members of a social (or for that matter, a business network) is the likelihood of demographic information that a member would have knowingly provided. Even if one were to discount a certain percentage of that data to be inaccurate, I would think that this information about the user gives enormous potential for highly targeted advertising & marketing.
Manoj Aravindakshan
On Target Media & Marketing Services
The increasing interest in these sites can also be gauged by the fact that UK's iTV has just snapped up Friend's Reunited for 120 million pounds.
I feel we are increasingly seeing and experiencing the use of the word "community" -- a term that was overused during the heady Internet-boom days of the late 90s. Back then, while every website talked of community, that was a "virtual" entity- both literally and figuratively. Not any more, as we are seeing the emergence of good, active, and real online communities.
Obviously, this opens up a world of possibilities for marketers and marketing/media planners, who could potentially target sizeable and active communities. One of the advantages of these social networks is the regular interaction between the networkers. To what extent and at what points can and should marketers be allowed to non-intrusively and un-irritatingly (does that word exist?) be able to push their marketing message remains to be seen. Nonetheless, I don't think it is an opportunity to be missed.
The biggest potential advantage of being able to market to members of a social (or for that matter, a business network) is the likelihood of demographic information that a member would have knowingly provided. Even if one were to discount a certain percentage of that data to be inaccurate, I would think that this information about the user gives enormous potential for highly targeted advertising & marketing.
Manoj Aravindakshan
On Target Media & Marketing Services

