Social Networking Site Advertising
A lot has been said about social networking sites being huge opportunities for advertisers. There is a captive audience who navigated to a particular website, and they spend countless hours meeting up with friends, sending messages to friends old and new, and building their own online homes. It would seem like a great place for advertisers to get their messages out and attempt to generate interest in their brand or product.
The social networking sites typically have the consumer base, and the advertisers wish to reach these consumers. The problem is converting these users to paying customers, and that might be harder than first imagined. I haven’t heard about or seen a very successful business model that is mutually beneficial for the website, the advertisers and the website’s visitors. I know there are countless people trying to monetize this traffic, but what happens if they can’t? I sure hope someone can identify a successful model integrating social networking and ad spend, because there is a lot of money banking on it.
For me, I am sticking to the “old fashioned” directory type of site. It will evolve with time, but I think there is still a place for it even in 2008 and beyond.
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