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Category: Innovation

 

What Social Networking Needs

03/22/08

I learned a lot at the recent O’Reilly conference, “Graphing Social Patterns.” (You may have seen my coverage of the event at my other blog, and also on my Twitter page.) But the most interesting thing that was confirmed for me personally at this event was that, for social networking to really become successful from a business standpoint, it must somehow start to enable the one big missing element so far: commerce.  Advertising is not going to cut it as a sole business model, a fact that’s becoming increasingly evident.

With clickthrough rates continuing to decline, ad spending hardly going up in the current economic environment, and the lack of ad relevancy getting talked about more and more (especially on social networks!), suddenly advertising is not seen as the panacea it once was. It would appear that commerce—selling real stuff—must be the next big thing.

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Recommended Reading:

The New Rules of Marketing and PR

(Foreword by Robert Scoble)

by: David Meerman Scott

test All about how to use news releases, blogs, podcasting, viral marketing, and other online media to reach buyers directly. One of the most important books on the whole social-media landscape today -- and I don't say that just because I'm in it... :-)

The Corporate Blogging Book

Absolutely Everything You Need to Know to Get It Right

by: Debbie Weil

test This book presents all the principles we practice here at NMW. It's the one we would have written on this very important topic ourselves -- if we weren't so darn busy!

Endorsements:

A random sampling of testimonials from clients and colleagues (refresh page for more)...

"Here's Graeme Thickins'...report. As usual, it's packed with info and more linky than a vest of chain mail. Man, Graeme rocks at this stuff... "

Doc Searls
Author, Blogger, and Fellow
Harvard Univ, Berkman Center for Internet and Society

"I've had the privilege of working with Graeme in multiple capacities ... Graeme seems to have a knack for winning at everything he endeavors ... great results, personable, high integrity. "

Paul Mayer
Senior Manager, Product Management
Symantec Corp.

Blogroll:

Blogs I read regularly (refresh page for more)...

Tech~Surf~Blog

by Graeme Thickins...Technology innovation -- it comes in waves...Graeme's *other* blog.

How to Change the World

by Guy Kawasaki...The most creative, fun VC blog out there -- and also the best read.

Alltop - Social Media

by Guy Kawasaki...All the top stories and blog posts on the topic of social media and marketing .... including yours truly!

Techobabble 2.0

by Jonny Bentwood...A PR consultant at Edelman in the UK waxes on about analyst relations, technology strategy, and new media, especially showcasing where people get it right and wrong.

Micro Persuasion

by Steve Rubel...How technology is revolutionizing media and marketing....from an Edelman PR firm exec.

Pronet Advertising

by Neil Patel et al...Personal experiences in online marketing.

Linkroll:

Some tech / Internet / content sites I find useful in my work (refresh page for more)...

Minnov8

TechCrunch

PaidContent

MIMA.org

Mashable

Read/Write Web

GetGoMN

GigaOM