Archive for November 23rd, 2007

The challenge of advertising in social networks

They say word-of-mouth is the holy grail for public relations and advertising, so one would think that social network sites that offer seamless access to countless hoards of connected individuals would be a marketing Eldorado (City of gold, not the car). A report by the Royal Mail and the Future Foundation said companies and brands should use this opportunity to encourage users to review products as it builds a sense of community and awareness. But the report also notes the platforms’ shortcomings for traditional mindsets: “They don’t, however, offer a formal way for brands to stimulate the conversation and activate lines of social communication about their brands.” Things can also backfire in a big way. One example is the building backlash against a marketing app in Facebook that is revealing purchases to friends.

1 comment November 23rd, 2007

Birth of a gadget

Wired has a neat multimedia slide show that takes us inside the industrial design process. Design consultancies start with a series of “contextual inquiries” to see what’s going on in the target consumer’s work or home environment. Identifying a need for innovation is the first step to innovation.

Add comment November 23rd, 2007

Google search share grows, $900 target price

Comscore has recently issued a report that shows Google making big gains in search in the past month to 58.5 percent in share, outdistancing all the other big search sites by a long shot, all of whom happen to be growing. Another Comscore report shows that Yahoo beat Google with the most unique visitors in the same month. Credit Suisse has set an astronomical $900 price target on Google, a new Wall Street high, on the basis that Google is set to monopolize search, while Yahoo is currently trading in the high twenties, at an equivalent or lower price than many newspaper stocks.

4 comments November 23rd, 2007



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