Wednesday, June 18, 2008
The response is that scale allowed is extremely limited. They say I could only buy about $15k worth of media in month. With the scale my advertisers are trying to reach its logistically inefficient to invest the time to go in the CPC system.
What is $15k of media or 15,000 clicks going to do for advertisers trying to effect the behavior of couple hundred million people? Yes, they might seed a viral explosion, but 1,000,000 people can seed a viral explosion a lot better.
I think this is another example of Facebook being inconsistent. Beacon was literally going to change advertising as we know it and then completely backed away from. Rules constantly change for application developers and they don't know which end is up. Advertisers get pissed because Facebook will posture that CPC is a great product unless you have real money to spend.
All this makes it difficult for their larger marketers to determine how Facebook fits in the very BIG picture of their marketing. Until that happens there are not going to be any HUGE ("sure I'll cut my TV budget type") bets. Want proof? Click here.
Facebook needs to get past the point of throwing a bunch of shit at the wall and seeing what sticks if it wants to swim in the deep end. Until we know where you stand and confidence that what you say to today will be true tomorrow, and true for everybody (especially your largest customers) advertisers might dip their toe in the water but we won't throw down.
I hope the new COO gets this together.
Monday, June 9, 2008
Sunday, June 8, 2008
- 53,381 MySpace friends
- 136,793 Facebook friends
- 386,341 MySpace friends
- 894,666 Facebook friends
Aside from the obvious, Obama's supporters are younger, have more time on their hands, and have been involved in a heated primary for 6 months, the numbers say something else to me.
Both candidates have more friends on Facebook than MySpace by a little less than 3:1. But MySpace total US traffic more than doubles Facebook. If they are both similar "social networks" the numbers would be opposite. If they had the same level of activity, that would favor Facebook a lot but this is pretty crazy.
People are just a ton more likely to share political views on Facebook, what else are they more likely to share? Alot would be my guess. Think marketers should care about that?
Saturday, June 7, 2008
If you can build an engine for passive communcations between people like Newsfeed and have a level of ubiquity you can change lives. Tivo, cellphones, major retailers, airlines, hotel chains, governments, car makers can all be players. Facebook is a gateway drug.
Gist is defined as
–noun 1. the main or essential part of a matter: What was the gist of his speech?
What I really try to do in this blog is take the information I get from work, reading, chats with other folks and get down to the essential part of the matter for marketers.
I'm not sure if anyone was tracking this with an RSS feed but you might have to update it.
If you are reader I hope this new URL doesn't cause you to drop off. I want to sell sponsorships on this thing one day, I could use a thousand dollars a month like Mr. Schafer.