Marketers have not warmed to social networks. The advertising that Facebook and MySpace get tends to be at low cost per thousand compared with the advertising on large content sites like CNN, while Twitter gets almost no advertising revenue at all. Marketers find it difficult to use huge, disparate pools of people to effectively reach specific demographic targets. Facebook may have 200 million members by some counts, but its revenue is only about $500 million a year.
The FT reports that retailers have been making a marketing surge on the large social networks this holiday. The paper reports “retailers have reinforced their traditional efforts with an array of new social-networking weapons including Twitter, the micro-blogging website.” Best Buy (BBY) released its sales discount information early to one million Facebook “friends,” and it’s also using Twitter to send information about its deals.
Most large retailers will follow the pattern of getting out their discount information early and often on the three large social networks. The results of the effort may end up being more important to Twitter, Facebook, and MySpace than they are to the retailers themselves, if that’s possible.
If the figures show that social network marketing did very little to lift holiday sales, the conventional wisdom about the ineffectiveness of the medium to deliver advertising results will have been bolstered, and it may take Facebook, Twitter, and MySpace a long time to recover from the failure. On the other hand, if they deliver the goods on Black Friday, it should cause the largest retail markets to invest very substantial sums in social media in 2010.
Douglas A. McIntyre is an editor at 24/7 Wall St.


irm?
Part of designing our marketing roadmap included making better use of media networking. Today we will be interviewing you and recording the footage for YouTube. This will be the practice run preparing you for the professional recording, posting the video’s on youtube for your use on your websites.


How Does Twitter Grader Calculate Twitter Rankings?
Let me explain. One of the factors that goes into measuring your Twitter Grade is the number of followers you have. Many of you will argue that the number of followers is completely irrelevant because it’s so easy to game. There are automated tools to do nothing but acquire followers by following a bunch of people. That’s true. It is easy to spike up your follower count. However, I would counter with this: If we were looking at two different twitter users, all other things being equal (and I do mean all other things), the one with more followers is likely more powerful and deserves a higher twitter grade. Of course, all other things are usually not equal and that’s why the Twitter Grade is interesting.
Jennifer Bagley will be joining an amazing group of speakers, presenting a series of free tools every business must have access too.