The Full Power of Social Media Marketing

Social Arrow

With Hitwise releasing a report that social media in the UK now receives more traffic than search, and SWX Advanced’s session on “Ultimate Social Media-Tools,” generated a significant level of dialog regarding shifts in SEO and social media.   Although Hitwise’s reporting methods have generated some levels of controversy (the classification of YouTube as a social media outlet) their recent analysis does bring strong data to the long standing discourse regarding browsing behavior.  For many this shift has been regarded as a “when” rather than a “if.”  As such it is no surprise that we have recently encountered two interesting start-ups, still very much in the beta version, attempting to capitalize on the commercial implications of social media becoming the dominant portal for users on the web.

One of TechCrunch Disrupt’s Battlefield finalists, CompassLabs aims to provide that ever illusive element of social media: buyer intent.  CompassLabs’ algorithms crawl Tweets and Discussion Boards to find strings which signify that a user is looking to make a purchase.  Users who make posts with a high probability of purchasing intent then receive targeted ads directly from participating vendors.  While the success of the company will ultimately rely on the willingness of social media outlets to share user data (CompassLabs’ future with Twitter is in question, and the Golden Calf- Facebook- is still illusive) the concept alone is enough to generate some excitement.

Perhaps the greatest advantage search campaigns hold over social media are the ability to easily quantify effectiveness through analytics.  At SWIX Advanced on Tony Adams of MySpace (!) discussed SWIX, a comprehensive social media analytics tool.  SWIX collects data via pods from 20 social media outlets and provides clear metrics in one location.  With an impressive array of tools and one stop, multi-outlet analytics, companies like SWIX appear to be the next step in fully wielding the marketing potentials for social media.  Going forward it will be interesting to see who else will want to jump into this pot.  Currently SWIX offers their services at monthly rates; but with Bing now offering social media search one has to wonder if one of the web giants will offer a free service that will blow SWIX out of the water.
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1:32 pm Business X-Factors, SEO, Social Media

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