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2012/02/06

What's your community really worth?

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February 6, 2012
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Today's Buzz 
  • Facebook befriends ad agencies ahead of IPO
    Facebook co-founder Mark Zuckerberg has long sought to keep advertisers at arm's length, but he seems to be warming up to Madison Avenue as his company prepares for its initial public offering. Guided by a committee of marketing and brand executives, Facebook has prepared a range of advertising products, and has commissioned studies intended to help marketers gauge the effectiveness of social outreach. "It's been remarkably different over the last 12 months. ... They are trying to establish a relationship," says Initiative digital chief Michael Hayes. Reuters (2/6) LinkedInFacebookTwitterEmail this Story
  • After IPO, Facebook to focus on mobile, local marketing
    Promoting mobile and local marketing will be high on Facebook's agenda once the company goes public, analysts say. Locally targeted ads command much higher prices and deliver correspondingly more return on investment, says MomentFeed's Rob Reed. "You can run paid media on Facebook.com, or very soon, hopefully, on Facebook mobile ... saying 'We know you live close by to a Wal-Mart or a Cinnabon, go there and check in to get a deal.' And you're also volunteering valuable data about yourself," Reed says. Advertising Age (tiered subscription model) (2/6) LinkedInFacebookTwitterEmail this Story
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Network Update 
 
  • Why Gentlemint is a big deal
    Gentlemint, a niche network that this article pegs as "Pinterest for dudes," is potentially a big deal, Chris Brogan writes. The site itself may or may not take off, Brogan writes, but its very existence points to a new trend for extremely targeted curation in niche communities. "[T]argeted use of curation technology to build interesting content in a group setting is hot," he writes. ChrisBrogan.com (2/5) LinkedInFacebookTwitterEmail this Story
  • Other News
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Ideas in Action 
 
  • Toyota unleashes a spambot with Super Bowl promotion
    Toyota's social Super Bowl campaign backfired after the company programmed multiple automated Twitter accounts to send promotional messages to anyone using Super Bowl-related hashtags. That led to a flood of unwanted messages, angering Twitter users and prompting Toyota to pull the plug on the campaign. "We've certainly learned from this experience and have suspended the accounts effective immediately," Toyota social media executive Kimberley Gardiner said in a statement. TheNextWeb.com (2/4), WebProNews (Lexington, Ky.) (2/5) LinkedInFacebookTwitterEmail this Story
  • Why Ford is still bullish on social media
    Ford's social media chief, Scott Monty, says that after years of heavy involvement, the brand's presence is now diffused across several departments within the organization. The automaker's Twitter account, 17 Facebook pages, six blogs and assorted other social outposts help to humanize the brand and increase customer loyalty, Monty says. "It's about ... showing people that there are real people behind Ford who are just like them," he says. Wisconsin State Journal (Madison) (2/5) LinkedInFacebookTwitterEmail this Story
Consumer Insights Your Brand Needs to Know: Latest Trends in Behavioral Advertising
Learn what brand managers, advertisers, as well as networks, agencies, and publishers need to know about consumer survey insights into behavioral ad serving, also known as interest-based advertising. Learn more today!
Research and Reports 
  • Social networking is a bigger lure than sex, researchers say
    Social networking is more addictive than cigarettes and alcohol, and social media cravings are harder to resist than the desire for sleep or sex, researchers at the University of Chicago say. "Desires for media may be comparatively harder to resist because of their high availability and also because it feels like it does not 'cost much' to engage in these activities," behavioral scientist Wilhelm Hofmann says. ZDNet/Friending Facebook blog (2/3), The Guardian (London) (2/3) LinkedInFacebookTwitterEmail this Story
The Takeaway 
  • What's your community really worth?
    If your community doesn't directly increase sales or reduce costs, it's only a matter of time until budget-minded bosses decide to pull the plug, writes Richard Millington. To avoid that fate, figure out ways to articulate and demonstrate your community's contribution to the company's bottom line. "Don't wait for someone to question the value of your community. Get ahead of the question. Establish the value today," Millington writes. FeverBee.com (2/6) LinkedInFacebookTwitterEmail this Story
Social Shareable 
  • What do your socks say about you?
    Snazzy socks apparently are a must-have for people who want to be a part of the Silicon Valley in crowd these days. Expensive socks with bright patterns, pictures of ninjas or words such as "bacon" and "beer" are popular choices among tech elite, insiders say. "There is this universal sign, almost like a gang sign, where they nod and pull up their pant leg a little to show off their socks," YouTube's Hunter Walk says. The New York Times (tiered subscription model) (2/3) LinkedInFacebookTwitterEmail this Story
Featured Content 
 
Most Popular Headlines from Last Week
Results based on number of times each story was clicked by readers.

Most Read 

Top five news stories selected by SmartBrief on Social Media readers in the past week.

  • Results based on number of times each story was clicked by readers.
 
Position TitleCompany NameLocation
Executive Vice PresidentMedia Works Ltd.Baltimore, MD
Social Media Content ManagerLM&O AdvertisingWashington, DC
Manager, Digital & Social Media ResearchWarner Bros. Home Entertainment Inc.Burbank, CA
Click here to view more job listings.

SmartQuote 
Social media is all about people."
--Scott Monty of Ford Motor, as quoted by the Wisconsin State Journal
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This SmartBrief was created for ignoble.experiment@arconati.us

 Andy Sernovitz, Editor at Large
Andy Sernovitz is author of "Word of Mouth Marketing" and the word of mouth marketing blog/newsletter "Damn, I Wish I'd Thought of That." Andy is CEO of GasPedal, a company that teaches word of mouth and hosts the Word of Mouth Marketing Supergenius conference.
 

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