Online social gaming – or playing games on social networks – is about to go big this year. We’re talking one-billion-dollars big. New York research firm eMarketer reports that the social gaming market is expected to pass $1 billion this 2011 – a 28 percent rise from last year’s $856 million – and that close to 62 million US Internet users will play at least one game a month this year. The rapid rise of social gaming, according to eMarketer, will be driven by three main contributors: online advertising, online lead generation, and the implementation of branded virtual goods. Last year, 53 million Americans played at least one game on a social network, a staggering number that can be attributed to the rising popularity of social games like FarmVille, CityVille, Pet Society, and the Mafia Wars Game, among many others that one would find on Facebook or MySpace. The number is expected to grow this year, along with dollars that – Read the full article
A few weeks ago marked the onset of major changes in the landscape of social gaming: Google announced plans to launch its own social gaming service and Disney purchased social gaming company Playdom for $763 million. Playdom is currently vying for second place in the social gaming industry, battling with Electronic Arts and other competitors. Industry leader Zynga is the developer of FarmVille, the wildly popular Facebook application that is set to bring in $500 million in revenue this year. Another factor that could have a major impact on social gaming is the possibility of a repeal on the ban of online gambling. At the end of July, the House Financial Services Committee voted 41-22 in favor of new guidelines that would regulate, but not outlaw, some forms of online gambling. If legalized, the federal government could bring in a great deal of revenue by heavily taxing online gambling. Real money gambling could increase opportunities to generate revenue for social – Read the full article
Looking to get ahead of the social media marketing game? Sure, Facebook and Twitter are still the king and queen of this kingdom – just as reported in a recent StrongMail survey of online marketing budgets in 2011 – but the New Year also heralds a number of new social media darlings that are certainly worth keeping an eye on. Last year, it was Foursquare and Posterous leading the pack. This year is just as promising – if not more promising, thanks in large part to the continued expansion of social media and to the crazy range of new sites, apps, and startups out there. Here are our picks for social media websites to watch in 2011. Quora Last March 2010, Quora reportedly received $86 million in funding from Benchmark Capital (also a Twitter investor). It didn’t make any million-dollar noise the rest of the year, but this 2011 just might be the year Quora really makes waves. As a – Read the full article
A big part of running a successful business is making sure that everyone knows about it. Unfortunately, though, that can be a lot easier said than done! If you want to make your business more visible, tap into the power of social media marketing and take advantage of these expert tips: Offer specials to your social media contacts If people know that they’re going to get extra discounts and perks by “liking” you on Facebook or following you on Twitter, they’re going to do it! And, in return, they’ll give you things that you would have a real hard time getting otherwise, like solid word-of-mouth advertising and repeat business. Show people that you’re genuinely excited A big problem that people have in social media marketing is posting something because they feel like they “have to”. Guess what? That lack of enthusiasm shines through, and it’s not a good way to get people talking about your business. Instead, make sure that – Read the full article
More and more companies are realizing the importance of utilizing social media. However, finding the right social media marketing consultant or expert can be a daunting task. Due to the ambiguity of social media and lack of a formal means to measure competency, it seems as though nearly anyone can call themselves a “social media guru”. However, social media is more than sending out tweets or reading blogs. How can a company find an individual who can do more with social media than connect with friends? 5 Qualities of a True Social Media Expert Placing your online reputation in the hands of an unqualified applicant is always a risky situation; however, there are several distinctive qualities that mark a true social media expert. In order to find the most qualified social media expert, keep an eye out for the following indicators: 1. Passion: In general, you should look for an individual that has a passion for social media – they – Read the full article
For the travel industry, at least, social media is seen as more valuable than pay-per-click advertising. The World Travel Market 2011 report says that travel professionals see social media as one of the key revenue-generating channels over the next five years. As proof of this, the study found that eight out of ten travel-related businesses use some form of social media. Not only that: the World Travel Market 2011 also expects that in five years, half of all travel-related companies would be generating income and bookings on social media, rising from the current 22%. Out of those using social media marketing, around 50% do not even invest in PPC advertising, while 1 out of 5 of those who do use PPC aim to stop or reduce their spending in the next few years. It is very apparent that the travel industry loves social media. So if you are in the travel business, it is time to amp up your social media activities. Blogs – Read the full article
Social media advocates are often quoted as claiming that social media is the greatest form of advertising because it is free. At Silicon Beach Training we use social media in a big way; we use it to increase exposure for our training courses. We use it to build relationships with key influencers and our customers. We also use it extensively to promote and share our flow of content generated to inform and inspire our existing customers and potential clients. One of the most important paybacks for all of this activity is it seriously improves our ranking. I believe that Google is going to up the stakes on this one, too; social shares are going to become even stronger signals that affect page position. In order to sustain these benefits, however, we need to employ people. We employ full-time people and we need to tap many external sources for content generation, paid for in currency and in back-links. Time and people – Read the full article
In light of the current recession and housing market downturn, real estate agents have to turn to new ways of creating and running their businesses. Social media marketing is one of the best, if not THE best way to do just that. The National Association of Realtors has a whole section of their website focused on social media for the real estate professional. The Field Guide to Social Networking for REALTORS® has eBooks, videos, and a ton of other resources to help you along the way. Facebook Ask around and you will be hard-pressed to find someone who hasn’t heard of Facebook. Even if they don’t use it, they probably saw the movie last year about it! And it’s likely that most people you know are using Facebook and have hundreds of friends. A word of caution on catapulting yourself into this too quickly: mixing personal and professional can be a very slippery road. Keep your personal Facebook profile and create a Fan Page – Read the full article
