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Social Media Stats – or things that make you go “hmmm…” www version

OK, so I’ve trawled around the internet to bring you all some snippets of useful data and awesome figures dealing with social media and their related statistics.

Just so you know, all this information is likely to be out of date in six months or so – but until then, they’re reasonably recent facts and once again I feel they demonstrate the meteoric rise and importance of this rapidly evolving area of online.

In no particular order:

* Social networks and blogs are the 4th most popular online activities online, including beating personal email. 67% of global users visit member communities and 10% of all time spent on the internet is on social media sites.

* If Facebook were a country, it would be the fourth most populated place in the world. This means it easily beats the likes of Brazil, Russia and Japan in terms of size.*

* 80% of companies use, (or are planning to use), LinkedIn as their primary tool to find employees during the course of this year. The site has just celebrated reaching its 45-millionth membership.

* Around 64% of marketers are using social media for 5 hours or more each week during campaigns, with 39% using it for 10 or more hours per week.

* It took radio 38 years to reach 50 million listeners. Terrestrial TV took 13 years to reach 50 million users. The internet took four years to reach 50 million people… In less than nine months, Facebook added 100 million users.

* Wikipedia currently has more than 13 million articles in more than 260 different languages. The site attracts over 60 million unique users a month and it’s often hotly debated that the information it contains is more reliable than any printed Encyclopedia.

* The most recent figure of blogs being indexed by Technorati currently stands at 133 million. The same report into the Blogosphere also revealed that on average, 900,000 blog posts are created within a single 24-hour period.

* It’s been suggested that YouTube is likely to serve over 75 billion video streams to around 375 million unique visitors during this year.

* The top three people on Twitter (Ashton Kutcher, Ellen DeGeneres and Britney Spears) have more combined followers than the entire population of Austria.*

* According to Socialnomics, if you were paid $1 for every time an article was posted on Wikipedia, you would earn $156.23 per hour.

* The online bookmarking service, Delicious, has more than five million users and over 150 million unique bookmarked URLs.

* Since April this year, Twitter has been receiving around 20 million unique visitors to the site each month, according to some analytical sources.

* Formed in 2004, Flickr now hosts more than 3.6 billion user images.

* Universal McCann reports that 77% of all active internet users regularly read blogs.

Although these statistics look impressive, it needs to be remembered that no single piece of data can be used to base strategy or objectives upon, let alone be used as a forecast for future growth of a specific area of social media. To really drill down into a sector of interest, you need to fully aggregate and analyze all available data before making an informed decision or conclusion.

Evolving from old media

I was recently talking with an aquaintence the other day about his experience in dealing with new media and it was very eye opening. I think the issues we talked about are things many can relate to.

By way of introduction, my friend is a public relations and communications professional with more than 14 years in the business, six of which he’s owned his own company.

He was working on a political campaign in Arizona last year — his first comprehensively statewide effort in a few years — when, in his words, he was “smacked across the face with a new reality”.

“There is almost no local media left in Arizona anymore”.

We’ve all read plenty about the struggles of conventional media in the new age, especially those of newspapers, but interacting with the media drove it home, for him, in an alarming way. He had a story to tell…there was simply no one in the conventional media to tell it to.

He went on; “Don’t believe me? Guess how many newspapers in Arizona have a dedicated presence at the Arizona capitol? The answer is…two. The Arizona Republic, of course. And the Daily Star. The rest of the state relies on two wire services for any capitol news. That means that for any given press release, there were only three beat reporters in the print market to send it to”.

What about radio? Well, with the rise of syndicated talk radio shows, there are now only a handful of live, local-issue talk radio programs in the state that air on a regular basis. The two big Phoenix talk stations have a handful of shows each; the Tucson market has a total of two, and there are maybe two or three more statewide. The same holds true for stations that actually do their own news — almost all the others rely on wire sources.

Television? Good luck. The competition is so cut-throat, and the stations are so short-staffed, that unless you have a truly compelling visual angle or sensational story, it’s not going to happen.

So now what?

Good marketers and public relations professionals are increasingly learning how to master new media, including the ever-so-trendy social networking sites and blogs. Any good PR pro’s distribution lists now include relevant blog sites that cater to the target audience. In politics, that’s easy to find, but for traditional or product marketing it can require some diligent research.

And while everyone seems to have a Facebook or MySpace or Twitter presence these days, the key is to get people to follow you. So there are a few cardinal rules you have to follow:

1) Just building a page doesn’t ensure people are going to see it.

2) In order to keep people interested, you have to continually feed the content beast. And don’t make it dull, or people are going to drop you.

3) Have an endgame in mind. “Increasing awareness” is not it. Social networking programs work best when they “drive” the user somewhere, such as to your organizational/product web site. Once there, you have an opportunity to make sales pitches, capture data, or interact with the consumer in other ways. If you don’t do that, the effort is pointless.

Even in the new age of media, there is no magic bullet — although if you have the budget, Facebook and MySpace’s advertising programs allow you to target your audiences extensively. It’s still a mixture of savvy, creativity and luck to start a viral marketing phenomenon.

But by opening up your marketing and public relations programs to new media outlets — with a few key caveats in mind — you can overcome the shrinking of traditional media outlets by maximizing your new media opportunities.

Brand Streaming

brand-streaming-increasing-your-brands-awareness-through-life-streaming.jpg

Social Networking in the last year has taken a new shape. As many folks continue to sign up with social networks, some are moving beyond the network model into more of a social streaming or life-streaming model. This new model seems to offer the best of several worlds, literally. New, socially-aware content aggregators are helping socially adept, bloggers and community participants share at a meta level. Newly adopted services such as FriendFeed, allow their users to share a wide-range of social activities.

For example, a video posted on YouTube, a blog entry on your personal or business blog and a post in Facebook will all show up in your FriendFeed. Currently, 43 services are monitored by FriendFeed for their users. So if you’re listening to music on Pandora or last.fm and posting photos on Flickr, FriendFeed is monitoring your activity. The information is then neatly delivered via RSS. Embed code is also available for your website or just add their Facebook application to your Facebook site.

Combine additional activity from your friends and family and things start picking up quickly. As interest grows, social participation becomes more or less apparent in your sphere of influence.

If you’re very socially active in one or more of the services monitored by FriendFeed, your popularity may increase. Ahh, in walks another marketing technique and the reason for this post, “brand streaming“. Although the business case for using FriendFeed and “brand streaming” is still developing, life streaming aka life-casting is already proving to be a valuable tool in developing brand recognition.

More to come as we monitor the effectiveness of life streaming at increasing brand awareness.

Google launches Pay Per Action (PPA) advertising

Today, Google launched their Pay-Per-Action service. Although PPA is not new, Google’s PPA version will probably make other lead generation networks (CJ, Clickbank, ShareASale, LinkShare, etc.) very nervous. Basically, with this beta launch, Google has officially entered the affiliate market.

http://services.google.com/payperaction

What does this mean to advertisers? It should decrease your costs and increase conversions. Why pay someone to send a visitor to your website (PPC) and hope they do something (buy a product, fill out a form, complete a poll, etc.), when you can pay them only for a completed action?

I would much rather pay an affiliate to send me a lead that is actually interested in what I offer than to pay that same affiliate for every click over to my website in hopes they’ll convert. This is why PPA works. I can offer a higher cost per action to affiliates, because I know that 1) I’ll only pay for a conversion that I set (form, sale, poll, etc.) and 2) I’ll get more affiliates wanting to promote my products or services because they’ll get paid more.

I’ve signed us up so hopefully we’ll get an invite soon.




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