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That's like the daft comparison of Pownce to Twitter — they're nothing like the same thing.
The respective audiences of Facebook and MySpace are fundamentally different.
Yes, there are teenagers to be found on Facebook, but how many businesses do you see promoting themselves on MySpace?
Similarly, how many musicians promote their music on Facebook?
These are meaningless statistics...
As to citing statistics for both Facebook and MySpace, Hitwise and Nielsen are reputable enough organizations to warrant attention. Those who make investment and ad-buying decisions are interested in comparing Facebook, MySpace and any other social community web sites whether they are apples to apples or oranges to mangos comparisons. They're still fruit.
Getting bit by one too many zombies, you know?
I stand by my statement — the numbers don't add up to anything of mentionable value.
As for the luster of Facebook, I suppose it's all a question of what you want to get out of it.
If people are getting bored with it, then there's a better than average chance they really didn't have a goal in mind before they joined...
The continued growth of popular social networking sites like MySpace and Facebook as confirmed by the numbers repored by Hitwise and Nielsen, appears to be in conflict with my own personal Facebook usage and the use of a few other search marketers.
This poll aims to capture a few more observations from our readers that also use Facebook. It's as simple as that.
The main reason being, I guess, that my primary usage is due to being a student and many of my real life friends use facebook (far surpassing the shitty myspace - even though we all started out there) and not because I'm a marketeer trying to be cool or check out the new social media fad.
Facebook is in my daily life as much as msn and mobiles are.
Many marketeers seem to be dumping facebook and just using twitter. None of my real friends use twitter so I use it far less.
It's probably a demographic thing.
Adam said "None of my real friends use twitter so I use it far less". That's pretty telling. My wife has no interest in either FB or Twitter but spends time on MySpace cuz that's where her friends are. (Yes, she hates the MySpace system as much as anyone, but puts up with it as a necessity in order to participate in her group's chatter.)
We as Internet marketers may have found that Facebook is not the most suitable place for us to congregate, but we may just be one group moving in mass due to our particular needs.
I don't think Facebook has jumped the shark just yet, but I am noticing returned interest in LinkedIN and Twitter recently. Facebook has several issues to fix before it can regain much of the leisure time I have to spend with such activities or networks.
From the perspective of your topic, online marketing, I take a fairly critical view of most social networks as being not worth the time invested. Facebook espeically is just noise. It's great that someone threw a sheep at me, I suppose, but what's that got to do with selling products and services?
I'm sure the growth is fine -- people like to be entertained.
Facebook will have to find a way to break free of the "I won't be able to figure it out" mindset of the mainstream consumer before it can get past it's current level of success and move into MySpace territory. Fortunately for Facebook aficionados, the MySpace crowd is starting to migrate, I think. Then there will be two distinct users ... those who prefer clean, simple designs and a more professional environment. And those who like the gaudy awkwardness of the MySpace environment.
My two cents.
I am undecided on whether I am over it or not. As a social network I think I am pretty much over it, but as a place to promote, I am not that sure.
I am currently promoting a Norwegian college using social ads at Facebook. It works great and I will keep on using it for a few more months.
I have not given up on it, but my excitement is gone for the moment. I don't visit every day any more, maybe once every few days. I need more time to explore and discover it's true usefulness.
I have tried out some experiments with business pages which have had mixed levels and types of success, and a key issue for me seems to be the difficulty in maintaining a sufficient level of intimacy and consistent contact with one's network(s). You just can't garner attention easily, because there's always some new baubles in there to distract people.
The announcement of an application to clean up your profile was significant, and 'Scoblegate' as well as the Guardian newspaper hatchet job are signs that sentiment may be moving against facebook - which is entirely predictable.
I'd say I am definitely less keen, logging on less frequently, and very likely to refuse to install many more stupid apps, but still open minded about where its future direction might lead. Facebook have made some incredibly stupid moves, and I think they really need to make some smart hires soon to scale beyond the college crowd ethos, or the bubble may start to burst.
Charlie
I would reiterate that our agency continues to perform Facebook based marketing as much as we ever have. That said, I do appreciate all the feedback.
Bastedt, I believe your vote option would be "What's Facebook?"
I much prefer slimmed down profiles... leave the fuss to the groups and events pages!
Still plenty of scope for Facebook in 2008 I feel..
Si
Personally, I'm still a heavy facebook user. But I've never really used it as a business tool. I've studied in England for two years and am currently back in Holland, which makes Facebook a great tool to stay in touch.
I can see why Facebook can lose its appeal as a business tool with all the 'he spanked her'and 'tommy threw a duck at suzy' kinda like news items in the feed.
And I agree about the ridiculous amount of spam sent out on MySpace (and also that comparing it to facebook seems a bit silly)
That being said, Facebook is still a great place for businesses to advertise, especially to a certain demographic of your choice.
Many businesses are using Facebook for sponsored ads and are receiving a revenue boost. Sponsored search is also much cheaper then Google, Yahoo and MSN.
As an example a colleague of mine operates a career site (A top performing merchant on CJ.com) and has had his afiliates market the program through facebook in the past few months.
According to my colleague, his site has received a huge revenue spike.
I do think Facebook will see a decline of users going forward but it will still be a major player as far as social network sites are concerned and good place for businesses to advertise.
The tough thing for me is the SEO stuff - I haven't found it to really help me with brand management or link building.
@San Marcos not sure what your problem is :)
www.cinnaminta.com/en/boredwithfacebook.htm
I was soon hooked from a personal perspective as I re-connected with a lot of old friends. However, after that initial re-connection period I've found myself using Facebook less and less. I don't use it as a primary communication method (Facebook email or wall posts) so there's not a whole lot of reasons to return, except to maintain contact with a few friends overseas.
I'm also becoming increasingly perturbed by people who spam post my wall with 'amusing' jokes and videos. Like Lee my Facebook messages are becoming less relevant/personal by the day. So my interest in Facebook is now back purely to a professional interest.
On the plus side, there are many new faces/friends, groups of plenty, and gain to be tapped into there.
I am still debating it's benefits/lack thereof, as I am still new to it's environment. We'll see...
I do think that interest will decline but social networking sites are hear for a long time.
The key to these types of sites for both Search Engine Marketers and Affiliate Marketers (Like myself) is to get in when it's fairly new and go along for the ride.
Like anything else in our industry, there will be ups and downs and new technologies, concepts, etc. A lot of what we now do, will be irrelevent in the future but it's still important to capitalize on those things when they're hot.
Thanks for asking. I'm doing great!
I visit often. This blog is extremely valuable to anyone interested in SEO and SEM.
But one thought I had: maybe this reflects the early adopters, more so than the average person.
I still run into people all the time who are just hearing about and exploring Facebook for the first time. IN fact, I still run into people who have NOT heard of Facebook.
All these social media sites and applications have life cycles. Twitter is hot now, but who knows in 6 months or a year?
Anita
With the large influx of Twitter users lately, I am wondering what the shelf life is there too.
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A team of successful entrepreneurs credited for www.SelectWealthSystem.com, A new home-based-business marketing system that provides the strategic high ground for internet marketing. Pro Team Marketing uses an automated marketing system that is currently promoting a cutting-edge young company, entering the early growth stage, that targets the largest consumer base in the United States with their financial educational products. http://www.SelectWealthSystem.com