Social Advertising

A post on the WindChimes blog sparked off an interesting argument on whether banner advertising on Facebook is called Social Media Marketing. But before we step into that, a quick look at what Facebook has been upto recently.

Facebook recently announced that users had uploaded 10 billion photos on the network. Considering that Facebook’s not a flickr or picasa, this gives an indication of the quantity and quality of users’ relationship with the social networking service. Facebook also recently announced its Fb fund recipients. Read about this effort to help seed innovation here. For those who want to check out Facebook as a desktop app, check out Visual Sage. (via Startup meme) Facebook Connect has also been in the news recently. It is scheduled to launch on Nov 30. You can check out CNN’s Facebook Connect implementation – for the post presidential debate discussions, here. There are also links to the implementations of CBS, Red Bull etc. And the last ‘collateral’ links to a wonderful take on Facebook friendship, and this on social networks, revenues, and brands’ expectations from them. Meanwhile, Facebook can draw solace from the fact that it was the social network of choice of 1/3 of the  US online retailers interviewed. (from a study by Internet Retailer and Vovici via WildBlueSkies)

As far as advertising goes, the inclusion of Microsoft Live Search into the social network is quite a significant development. Goes without saying that along with the search results, a few ads would also be thrown in. 🙂 Looks like win-win, for both Microsoft and Facebook. (with their revenue/cost concerns).

And now, whether Facebook Ads are social media. I’d say (technically)any advertising on a social network would automatically qualify for social media marketing, since advertising is a way of marketing. Now, with specific reference to Facebook, as part of its redesign earlier, Facebook had also categorised the different kinds of ads that can be purchased. Out of the 6 categories mentioned, #5 is akin to a first generation banner ad.  I’d written about some unique features of Facebook Ads earlier. Like I’d mentioned in that post, this normal banner ad has been given a cool social twist by allowing users to give it a thumbs up/down and give their reasons for doing this. Let me go a step down and ignore the rating. Connecting my profile and actions to the kind of ads served, it gives the ads at least some contextual connection, and hence appeal.  So, in practise too, I’d consider banner advertising on Facebook a part of social media marketing. On Magpie, over on Twitter, however, I’m still in two minds.

until next time, social soul searching