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Archive for February, 2012

New Facebook Premium Ads – the beginning of truly social advertising

Wednesday, February 22nd, 2012

So, pre-IPO, the question arises, just how are Facebook are going to earn their money and sustain their growth?

The indication below suggests that a much more social, but importantly ACTION-led suite of Facebook ads are now due to roll out. Ads which, at their heart are largely driven by the actions and inteactions of fans with your content. In this regard, this is nothing new, but the interesting considerations will be three-fold:

1) Interaction/engagement rates will climb, as will the costs – ads with social references have always out-performed standard ads (wonder of this is why Facebook dropped their average CPC rates recently). It’s easy to see how Facebook will earn more from the new version of the old!

2) How this will affect edgerank – the largely unknown aspect of edgerank has been the weighting criteria. What priority is Facebook giving to different media? The suggestion here is that  Facebook are expecting ads (and therefore your content) to become much more interactive, multimedia-focussed. Your content plan (if it isn’t already) needs to reflect this.

3) Will Facebook soon start generating social ad content off your frictionless shared content? If it is already including you in ads based on your in-page gestures such as likes, comments and shares, it is more then feasible that we will see frictionlessly-shared content appearing in ads before long. The article you read, the track you listened to, might soon all become targetable in ad campaigns!

Exciting times, come what may!
Facebook Premium Ads Overview

Beware the 3 P’s: Pinterest, Path and Privacy

Monday, February 13th, 2012

Data…we HAVE managed to get in a right old pickle with it this week…

…first, Path, the social network whose modus operandi is limiting your personal network to 150 of your closest friends decides to upload all your personal contacts you granted it access to “in order to better personalise your experience”, then Pinterest, the fastest-growing start-up on the planet with just shy of 10m unique users (and still in beta!), reveals that when possible, it adds affiliate links to the content that you, the user, pins to your boards.

On the Facebook front, we have the widespread rejection of in-stream sponsored stories, brand/page advocacy by mere “fanship” of a Page, the 2011 integration with Spotify and the January announcement of 60 seamless sharing media partners and you begin to see an emerging, simmering suspicion that Facebook is looking to heavily ramp up its advertising/commercial initiatives post-IPO in order to bring the kinds of profits and dividends investors will demand – all off the back of your personal information.

The issue seems not, in Pinterest’s case, that they are making money from users (most users are very clear that Facebook uses their data in a less direct, but similar way), nor in Path’s case that they are collecting the data at all (it happens all the time when users grant access to an app/api) – the issue is entirely one of trust and disclosure which presents untold challenges for individuals and law-makers alike.

What we know as privacy has changed immeasurably from just a year ago and whilst we are increasingly comfortable with both the quantity and nature of what we share and when, the commercial thirst for using personal data for financial gain (often a financial gain that is not ours) has the potential to bring the whole personalised web pack of cards falling down around our ears.

We are on a knife edge with trust and privacy, with Facebook especially, pushing serious boundaries of user tolerance and legal boundaries. Despite the ASA remit now covering social media, law makers are struggling to catch up with a rate of change and innovation that is being thrust upon users in the social space.

As a result I think we are most certainly in a strange period of creatively-led law making rather than one in which businesses are required to operate within clear, unambiguous current law. And I don’t see this changing for some time – until the inevitable BIG data abuse happens, where two things will happen. 1. Users will revolt and disappear/revoke access to their data and 2. Law makers will impose “hammer to crack a walnut” style laws, governing the way personal/social data is handled in a strictly limiting, broad way.

If the law makers can’t keep up with the rate of change, then the first or perhaps second, major data abuse will bring about a blanket limitation on what we will be able to do. So, for all our sakes, everybody, please disclose, disclose, disclose…

Insight 12 – the event

Thursday, February 2nd, 2012

So, the weeks of videos culminated in the Insight 12 event which took place in Manchester. There was a good turnout of about 60 or so of Manchester’s finest to hear what respected creatives, writers, thinkers and pr’s had to say about the 12 months that lay ahead.

Here’s my slides – which are deliberately simple…so let me know what you think!