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Role of online advertisements
How businesses can promote themselves on social media
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Webliography for MKT 352
Topic : MySpace and other social networking companies as Internet Advertising Revenues. Factors to consider are the business models for these websites, their rising popularity, and the attraction of brands to advertise themselves in social networking websites (especially MySpace)
1. O'Malley, Gavin "MySpace vs. eBay? Site leaps into e-commerce." Advertising Age; September 11 2006, Vol. 77 Issue 37, p6-6, 2/5p, 1 chart, 1c < http://0-search.ebscohost.com.library.ggu.edu:80/login.aspx?direct=true&db=buh&AN=22375998&site=ehost-live>
This article discusses the need for a revenue model for social networking websites like myspace.com. Myspace is a very active web destination, second only to yahoo in terms of page views. There are 106 million profiles on myspace.com. With such a prime web real estate, Myspace enjoys an excellent opportunity to serve as an advertising venue for prospective marketers to advertise their products. Similar to musicians, direct marketers can take advantage of MySpace to target a feasible and large target audience. Very similar to their classifieds platform, Myspace also has a display advertising section, which can be targeted and suited to a very selective target audience. This will also increase traffic for MySpace, and using a similar model like yahoo or AOL, their ad revenues can shine superbly. Due to the diversity of the member base of it's website, MySpace can select the pages that any offer can be placed.
2. Sowa, Tom "Space to grow: More businesses are using MySpace"
Spokesman-Review, The (Spokane, WA); 10/16/2006 < http://0-search.ebscohost.com.library.ggu.edu:80/login.aspx?direct=true&db=nfh&AN=2W62W64232420713&site=ehost-live>
This article in the Spokesman Review discusses the importance of Myspace and social networking sites to monetize revenue for smaller businesses. Smaller cities like Spokane, Washington are having businesses like smaller bookstores advertise on MySpace. Most audiences that regional base are finding it informative to know about local businesses.
3. Adegoke, Yinka "AMERICA: Why mainstream advertisers are launching into MySpace" Marketing Week, May 25 2006 < http://0-proquest.umi.com.library.ggu.edu:80/pqdweb?did=1042268431&sid=3&Fmt=3&clientId=2245&RQT=309&VName=PQD>
The world of web media is constantly changing. The online media industry has always been in a state of flux, and now with the rise of Web 2.0, social networking has taken the online advertising industry by storm. While traditional marketing has not witnessed a phenomena called social evolution' newer brands are taking advantage of this target market, and launching their brands in user generated content websites like Myspace to put themselves in front of America's youth today.
Corporate identity is among the top priorities, no matter whether the business is a small scale or lists in the elite echelon. Having profile pages on different platforms including Facebook, LinkedIn, and Twitter helps the businesses to stay connected with the existing customers. The best aspect of social media is that it gives an opportunity of direct engagement with the clients. With Facebook having around 1.2 billion members and Twitter having 250 million active users monthly, it is obviously the best channel for startups to raise awareness about their products, create connection and engaging with customers to drive revenues (Benwell, 2014).
Wolfe, Lahle. "Surprising Statistics About Facebook 's Rapid Growth." About.com Money. About.com, n.d. Web. 03 Nov.
Boyd, Danah M., and Nicole B. Ellison. "Social network sites: Definition, history, and scholarship.." Journal of Computer-Mediated Communication 13.1 (2007): 0-19. Web. 21 July 2011. http://jcmc.indiana.edu
...uses relating to football, or liking posts that relate to football, which allows advertisers to clearly see their target markets. But not only do these companies have target markets but social networks do too. This article showed how social platforms such as Twitter and Facebook saw how marketing to sports fans online was a way to attract a bigger portion of advertisers’ digital spending and they targeted big brands by allowing them advertise on their social networks. Many marketing topics were brought up in this article, but to sum it up it all is based on the focus of the customer and it can be seen that advertisers follow in the steps of the consumer, so because consumers have become so advanced with technology advertisers have now found that marketing online is important and they have joined with the most popular social networks and websites to attract costumers.
People say that social media is great for business advertisement. They believe if you do some advertisement on your social media it can bring more traffic to their pages such as sponsors and more people to buy some of their products. In the Steven Johnson article “Social Connections” we’ve built elaborate tools to connect us to our friends and introduce us to strangers who are spread across the planet.
With more and more businesses harnessing social media to promote their product or service it is becoming increasingly harder to get seen and to thrive amongst all the competition. Consequently, Facebook, Twitter and Instagram have introduced paid advertising for small businesses. Facebook, in particular, allows you to choose the type of audience that you want your posts to reach by specifying certain factors such as location, age and interests. At a Techpreneur event held in Kensington, Olympia, a guest speaker (CEO of a million pound company) said that a successful business can be started “with just you and your laptop,” emphasising the prodigious influence that the internet can have on a business; he also spoke of the advantages of paid advertising. A primary case study illustrating the effects of paid promotion involves the start-up mobile application company, Your Reaction Though YRT who have just recently launched their social media application for both Apple and Android platforms and are now marketing the app on social media sites to generate downloads. It is to be noted that procuring sales at the launch of a new app is improbable as it requires a substantial number of downloads to be made first. The CEO has therefore chosen to pay the fees for paid advertising on Facebook to establish his brand internationally. Additionally, with the use
The biggest part of advertising now is done through social media. Social media has many major impacts on small businesses to corporate businesses. Jeff Bullas couldn’t have been clearer in his research. Jeff Bullas a blogger for social media works for online companies and CEO’s to research their online experiences through social media. Jeff Bullas stated: …
Due to “rapid growth in the popularity of social media platforms”, the question as to “whether this phenomenon has reduced marketers’ control of branding” has been continually raised. As social me...
Social media in marketing is used as an apparatus that builds an identity for a brand and gives awareness that they thought they could have. It does not only respect buyers, but also customer allegiance. Social media is widely-ranged so it can be used in whatever way that best conforms to the strategy and wants of the business. In accordance to the social media marketing report of 2014, a considerable (64%) of marketers use social media for at least 6 hours or more and 41% for 11 hours or more weekly, more importantly nearly (19%) of marketers use up to 20 hours each week on Facebook, Twitter, LinkedIn, Instagram and many more. The report also showed 7 social media platforms that led in 2014 which are Facebook, Twitter, LinkedIn, Google+, Youtube, Pinterest and Instagram.
The first advantage of using social media in business is increasing brand awareness. Social media can help business to build their brand awareness by increasing interactions with a business brand. Brand awareness means the total percent of a target people who know the company exists and what the company offers of products or services. When the brand awareness is increased, the possibility of buying is increased. Thus, efforts should be made to make the brand a part of the consciousness of customers. For example, Coca- Cola is one of the best companies that enjoy unusual...
Since social media users grow larger and larger, many companies take the opportunities of using social media marketing to reach more customers. Companies use social media marketing in order to achieve marketing communication and branding goals. Social media allows companies to see what prospects are saying about their brands and competitors. It also allows companies to build deeper relationships with existing customers that drives them to purchase again and again. Not only it can help them generate new leads, but it allows them to build deeper relationships with existing clients that drives them to purchase again and again. It has become common for businesses to branch out and experiment with multiple networks with the aim of reaching the maximum amount of costumers.
There is an increase in a total of 318% in Myspace.com, a highly used networking site among youth from 2005 to 2006, as reported by ComScore (Infographics.sg). Relating it to Singaporeans on the Social Media platform, Facebook.com, we actually spend an average of 19.6hours per month, making of 19 posts a month each on top of comments made. This makes us twice the user of th...
Among the billions of social media users, there is a percentage dedicated to businesses who use social media as part of their marketing strategy. The sheer number of people who use services like Facebook and Instagram on a daily
Advertising has been round for centuries; starting with print ads, then evolving into radio and TV adverts. Each form of advertisement requires several different strategies in order to make the advertisement effective and appealing to the consumer. With the ever popular rising of the usage of the internet, online advertisements have also become more popular. According to Dr. David Evans, who received his Ph.D. in Economics, e-commerce, or sales processed online, were equal to 34 billion dollars as of 2008. (Evans, 2) This amount has only grown and will continue to grow as the usage of the internet becomes more and more popular. The heart around this monumental sum of revenue is online advertising. Advertising agencies optimize their online
Dwyer, Catherine, Starr R. Hiltz, and Katia Passerini. Trust and Privacy Concern within Social Networking Sites: A Comparison of Facebook and Myspace. Colorado: Proceedings of the Thirteenth Americas Conference on Information Systems, 09-12 Aug. 2007. PDF.