Archives for posts with tag: myspace

I read a worrying post on the BBC the other day which discussed the evolution of social media and how it spanned the age demographics.  The author described a scene in his house on Christmas day in the living room.  With the TV showing the Christmas special of choice, for the family you had dad (the author) sat on an arm chair laptop on lap, twittering and blogging away.  Mum, similarly adding comments to her forum of choice whilst checking her news feeds for updates and the two children, iPod Touch in hand, using Facebook and messenger to chat with friends and engage with their own private networks.

Now I’m as big a geek as the next man.  I love finding the latest social tool to have a play around with.  I Twitter, use messenger, have a Facebook and a MySpace account (although the latter as been redundant for a long time).  But the thought of a family sat around on Christmas day silently tapping away on iPods and laptops depressed me slightly.

I don’t think I’m being too old fashioned when I say that Christmas should involve spending time with the family and actually engaging in some form of non-digital communication!  And it is not just in this scenario I see this happening, the workplace is just the same.  People emailing and messaging colleagues a question when they are sitting on desks less than 5 yards apart.

It seems strange that the ability to engage and communicate with people thousands of miles away means we communicate less with those closest to home.  Is this the way of the future?  Digital chat and social media replacing old fashioned speech and face to face engagement?

I sincerely hope not.  As much as I love using online social media tools I’m also rather fond of meeting and speaking to people face to face.  I have technophobe friends who refuse to have a Facebook account or personal email address giving the response, “If I want to speak to someone Ill just ring them.”  Whilst I am not going to go to that level of extreme as I see the benefits of social media tools away from connecting with friends, I hope for all our sake that the picture painted by the BBC reporter is not a sign of things to come.

The launch of Myspace’s new ad scheme myAds into Beta last week opened up the social network as an advertising option for businesses of all sizes.  With a 4 step, simple campaign set up there is no doubt this is aimed at small businesses with little or no experience of online advertising.  And with the super low minimum commitment of £25 they have reduced all barriers to entry for small businesses.  No doubting that this is an attempt to follow in Facebook’s footsteps in attracting direct advertisers and allowing self service and flexibility on ad campaigns (its the future, remember?) but is Myspace in a position to make a go of it in the same way Facebook has?

It certainly has the audience for it, with nearly double the unique user figures of Facebook there is an audience there to be tapped into, but impressions are what the modern day advertiser is after.  It is also most certainly not what the small business advertiser is after, I know from experience that if a small business is investing £100, then they sure as hell want £200 back.  They do not have large marketing budgets and they don’t give a hoot about brand building, they want a return on investment.  And I’m not convinced Myspace can give it.

For a start on Myspace there is less browsing involved.  On Facebook you are looking at news feeds, checking out updated status’ and searching for groups, and this is the time when you are most likely to be tempted to click and ad.  With Myspace there is less of these type of actions involved, at least there is how I use it.  And you are generally there to view a particular persons profile or catch up with a contact, and when you have a purpose, you are less likely to be tempted to click an ad, no matter how well targeted.

Also, the garish nature of Myspace profiles means that it will take something special for an ad to look right on the page, this will make users opposed to the ads and less likely to accept them as useful.

I suppose the idea of the ads, much like Facebook’s similar programme, is to utilise the profile information to target your audience effectively and I buy into this, use all the information you can to show the right ad, to the right person, at the right time.  I’m just not sure Myspace has the layout and the typical user actions to support such a programme.  And certainly my experiences with Google Placement ads on Myspace haven’t shown me anything to suggest otherwise.

An application has been developed which allows you to view your Myspace page through Facebook.  The application, developed by Fuser, allows you to check your messages, bulletins and comments without ever leaving the Facebook site.  for the social hardcore this could be a god send and could also be a big dent to Myspace as it will enable users of both to monitor them through one single website, hence less visitors going to the Myspace site.  If users are beginning to migrate from Myspace to Facebook then this could be the final act which prompts a complete switch as they will be able to keep an eye on their lesser used Myspace page without having to visit it.

Additional information

I anyone needed convincing of the rise in popularity of social media and the impact it has has on the web then the recent Hitwise news letter should provide it. Bebo has just overtaken ebay in the search term share rankings and the top 10 search terms contain 5 terms relating to social media sites, with two of them being youtube. This just goes to show the prominence this sector now has in the market and the opportunity it holds for those who can adopt it to suit their objectives, whether that be through advertising or participation.

The top ten search terms (as tracked by hitwise) for the 4 weeks ending 9/6/2007 are:

  1. bebo 1.14% share
  2. ebay 1.11% share
  3. youtube 0.52% share
  4. myspace 0.37% share
  5. argos 0.24% share
  6. facebook 0.23% share
  7. amazon 0.22% share
  8. bbc 0.17% share
  9. you tube 0.16% share
  10. bbc weather 0.15% share

I have written previously about finding the best way to monetise social networking sites without annoying the users and intruding on the social elements.

Myspace founder Chris DeWolfe today hinted (below) at a possible partnerhsip with Ebay as a way to allow its users to trade between themselves. This ties in with the reason social networking is such a growing phenomenon, user interaction. As I have mentioned in the past the key to monetising social networking is to not encroach on the basic model. through genrating a marketplace between users, through ebay or otherwise, and taking a percentage for transactions myspace will be able to earn a large chunk of cash without devalueing their offering. Expect to see other schemes like this appearing soon!

MySpace founder hints at future eBay partnershipby
Charlie McCathie Brand Republic 18-Jun-07, 14:10 LONDON -

Chris DeWolfe, founder of MySpace, has revealed that the site will soon offer user-generated e-commerce transactions through partnerships with online retailers, possibly including the internet auction site eBay. The move comes after several other commercial developments, such as the addition of a classifieds section and the option to buy and sell music via the site. MySpace uses banner advertising and click-throughs to brand profiles to generate revenue, amassing £12.6m each year, and the introduction of e-commerce is likely to generate even more profit. The social networking site is trying fend off the competition from Facebook, which had its traffic grow by 89% last year, compared with 34% growth at MySpace.DeWolfe said: “We will at some point offer user generated e-commerce transactions. So if you’re on your site and you have a line of T-shirts you have designed and you want to sell them to your friends, we want to be able to provide you with the tools you need to do that.”So we could partner certainly with someone like eBay to do that. We haven’t decided yet but it would be probably a good bet that someone like eBay could be a good partner.”DeWolfe also said that another burgeoning market being considered is online video advertising. He suggested that MySpace is currently muting the idea of introducing this element to the site, as it would “definitely be a huge revenue stream”.