Social Media Advertising Diversifies As Revenues Rise
Posted by Reggie James | October 24th, 2011 | Filed under Digital Advertising, Social Media Advertising
Watching a re-run of Mad Men at the weekend, I almost yearned to be back in the old world of advertising. All the trials and tribulations of Don Draper and his team at the advertising agency, Sterling Cooper seemed like a walk in the park compared to some of the complexities faced today by both clients and agencies alike.
Madison Avenue has always had its fair share of challenges as the world of media evolved. Though the complexities exist, so do the opportunities, no more so than now. As brands, big and small wonder how they reach the ever changing consumer and business client, Digital Clarity is perfectly poised to embrace the need to understand, execute and analyse a world full of diversity driven by data.
A little like Sterling Cooper and other agencies around the world, Digital Clarity has evolved itself. This journey started before even Google’s AdWords platform existed, the agency has diversified to offer a bespoke service to advertisers and agency partners alike. A lot of our recent work has come from companies fed up with agencies who only work in one area and who do not understand the ‘joined-up’ commercial complexities that impact business today.
From being a pure-play Search Marketing Agency; the company has moved into design and development, mobile marketing and social media, both as a strategic implementation partner through to using social channels as an advertising platform.
This last area seems to show much promise to add to the company’s current offering. Here are a few reasons why.
At the recent Web 2.0 summit in San Francisco last week, Dick Costolo mentioned that Twitter’s monetization efforts are working better than expected. On top of this, the Twitter CEO also outlined that Twitter would be offering new and innovative ad formats to the array of advertiser falling over themselves to advertise on the social media platform.
Twitter’s advertising platform was a long time coming and in part, this was due to the company looking to strike the right balance between the mass advertising models that have existed historically and the new more sophisticated tools available to brands and their agencies today.
Twitter will bring in $139.5 million in global ad revenues in 2011, according to a new forecast from eMarketer, up 210 percent from just $45 million in 2010.
Currently, the main advertising offerings from twitter are broken into three main areas.
- Amplify the reach of Tweets through ‘promoted tweets’.
- Driving conversations and interest around brands through ‘promoted trends’.
- Targeting a follower-base of advocates and influencers for brands through ‘promoted accounts’
Like Facebook before it, advertising was a sure way of raising revenue on a platform that had a captive audience and an equally excited number of brands looking to reach this group.
Again, according to research firm eMarkerter, Facebook will make $4.27 billion in revenue this year, more than double the $2 billion made in 2010. This breaks down as $3.8 billion from advertising this year, up 104 percent from $1.86 billion in 2010.
More interesting however, is that the company should make $470 million from ‘Facebook Credits’, a virtual- currency program that lets users buy items in games, more than triple the $140 million it made last year.
All these various business models give Digital Clarity a unique insight that many can only dream of and puts the agency in an excellent environment to apply these methodologies to tools we are building out for RTG Ventures as well as new customers.
As mentioned earlier, diversity creates complexity. Complexity creates opportunity. Opportunity exists for those who can make sense of a changing market for its customers.
Tags: Advertising, Design & Development, Digital Clarity, Facebook, Mad Men, Search Advertising, Social Media, twitter
Microsoft and Yahoo! Finalise Search Deal
Posted by Reggie James | December 7th, 2009 | Filed under Uncategorized
Microsoft and Yahoo! have finalised the terms of its search and advertising agreement, four months after the deal was announced.
Tags: BingHoo, Microsoft, PPC, Reggie James, Search Advertising, SEO, Yahoo!
