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Sep212012

Social Media Marketing finally maturing?

Recently I read a WSJ article on Facebook which relates to their new interaction with the Advertising professionals in order to conceive and develop promotional activities, that are not only trackable and measurable but ROI analysis-ready.

Does it indicate that Facebook is maturing as a media?

Interesting though that according to this article, when the new initiative of Facebook to create a "Client Council," calling together senior advertising executives from 13 big brands and ad agencies, to find advertising approaches that will help measure the return on investment (as opposed to just rely on a leap of faith in the power of social),  Mr. Zuckerberg's response to a question from one of the attendees on how they will be able to measure the return on their investment in this initiative, was: "That's a great question and we should probably have an answer to that, shouldn't we?"...Well, that is a question that should have been asked a long time ago already but later is always better than never.

Do they really have the choice?

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Not so much...They have to. Otherwise, Facebook will be a souvenir down the road...not a business model to look at for reference.

So are they maturing or not?

It always go back to the same concept where the key principles of effective marketing and advertising are applied:

A) It is always about The Right Product to the Right Target with the Right Message at the Right Time through the Right Channel

B) It has to be measurable like any investments

Where Facebook has to be careful is that not all marketing communications do or can have sale objectives attached to them and therefore are more ready for ROI analysis...Sometimes a message has the singular objective to make the audience aware or knowledgeable about a product or an offer...and then other communications after that will bring the target to the purchase stage. The 1st message can not have a direct revenue or sales objective attached to it.

Also, what could be the reaction of the consumers and the Facebook users if Facebook push "harder" on the advertising options that they propose to their clients and such users feel intrusion.

In fact, Facebook as a social tool does not need to do push harder...Now Facebook as a business has to. So the question is not if. The question is how.

If they can not make it work, unless they are able to be funded through donations, they will go away.

So are they maturing? Yes they are and like all of us, they have no choices...They might have to end up relatively smaller and profitable. The jury is out but they make the right moves!

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Reader Comments (8)

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December 26, 2012 | Unregistered CommenterRodriguez18Lenora

The lead article in the 1/7/13 edition of WWD is on Digital Trends, and Facebook (FB) is discussed as a "market leader in terms of mobile display advertising...representing 18.4% overall while Google, Pandora and Twitter earned 17, 12 and 7.3 percent, respectively." FB launched native ads in newsfeeds for mobile devices in 2012 and went from having no presence to vecoming the market leader in terms of mobile display advertising. Certainly these impressions are are being monetized if the number of impressions, source of impression, and navigational behavior is being measured.

January 8, 2013 | Unregistered CommenterSJean

Hiring a Twitter posting service can help your organization to be socially active, and discuss about the latest offers, launch of new products or services, and such more such interesting information with the world.

April 20, 2015 | Unregistered CommenterMorgan

Yeah, the laws of market are strict and ruthless. Either you are in or you are out. Even such huge business as facebook cannot resist it.

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