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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:

Now Is Gone

A Primer on New Media for Executives and Entrepreneurs

by: Geoff Livingston, Brian Solis

test Helps businesses embrace Social Media intelligently. Learn if your organization is ready, how to begin, social media marketing strategies. Lots of case studies.

The Art of the Start

The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything

by: Guy Kawasaki

test What does it take to turn ideas into action? What are the elements of a perfect pitch? How do you win the war for talent? How do you establish a brand without bucks? Guy tackles these issues and more, for anyone starting or revitalizing any undertaking.

Endorsements:

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

"As editor of a business magazine, I see all kinds of poor writers, but precious few good ones. Graeme is a very good writer. More than just writing ability, however, Graeme impresses me with the depth and breadth of his knowledge of the technology industry..."

Mark Druskoff
Former Editor
Minnesota Business Magazine

"Graeme was a valuable member of our team from the beginning. We couldn’t have done it without him."

Dave Tushie
President/Cofounder
UbiQ Inc. (software firm acquired by NBS)

Blogroll:

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

Pronet Advertising

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

Micro Persuasion

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

Release 2.0

by O'Reilly Radar/Jimmy Guterman...Insight and analysis on the business and social impact of key technology trends.

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.

Alltop - Social Media

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

Feld Thoughts

by Brad Feld...One of the most active and plugged-in early stage investors in Web 2.0 and Enterprise 2.0 technologies.

Linkroll:

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

Read/Write Web

PaidContent

GigaOM

GetGoMN

TechCrunch

MIMA.org

Minnov8

Mashable