The opportunities, and pitfalls, of advertising on the fast-growing social network.
Everyone's talking about MySpace.com; its phenomenal explosion in traffic, the crazy media exposure it's been getting, and the site's relevance in pop culture. What a lot of people don't know is how MySpace can fit into current media plans and marketing mixes.
MySpace is a lifestyle destination that gives users the tools to interact in the ways they want to. Users set up profiles, then connect with friends and other people of like interests. Everyone interacts based on things they're passionate about: music, film, TV, games, fashion, and so forth.
Today, MySpace has 94 million registered users. Their primary demographic is about a 50/50 split between males and females, ages 16 to 34. However, a common misconception is that MySpace is primarily made up of kids and teens. In fact, 80 percent of the audience is above 18. MySpace's 30-plus demographic is its fastest-growing group.
According to Hitwise, MySpace had the highest number of unique U.S. visitors in July, outranking even Yahoo and Google. What we have is a new site that's very quickly positioned itself to effectively compete against the Internet's biggest properties. In part because that growth has happened so quickly, people have been wondering how they can capitalize on the audience.
I recently spoke with Matt Rochios, senior territory manager for MySpace, about the advertising opportunities available at the site.
Standard Media Opportunities
As you might imagine, you can do a pretty standard buy on MySpace. It has lots of information on its audience's demographics and interests. You can buy banners, leaderboards, interstitials, and the like. Of course, it offers rich media opportunities as well.
The more interesting opportunity is to create a branded profile. Essentially, you can set up a page for a brand with all the same features as individual profiles and more. By doing this, you create a mini-social network in which users interact with the brand just as they would with other profiles. MySpace's standard branded page functionality includes product information, videos, wallpaper, a friends' network, forums, comments, and more. Additional functionality includes sweepstakes, voting, quizzes, and user-submitted content.
In addition, MySpace will put together custom promotional packages to help drive traffic to the branded profile. These can include things like home page roadblocks and custom games.
One recent example of this deal was the "X-Men 3" promotion. The goals of the campaign were to really tap into the MySpace experience and encourage interaction with the movie characters. The movie's backers also wanted to empower fans to become evangelists for the film. Of course, they also wanted to stimulate interest and drive ticket sales.
MySpace set up a custom profile and promoted it with home page roadblocks on two days. It had other supporting media across the site, as well as premium placements in high-traffic areas of the network.
As a result, they connected with over 3 million MySpace friends and had over 7,400 user postings on the "X-Men 3" profile page. Having 3 million people wanting to connect with this profile and interact with the X-Men brand is pretty compelling. I'm sure there were plenty of other promotions for the movie. Yet I think it's safe to say this effort contributed to a successful theater opening of $122 million.
Here are a few other examples of MySpace advertising opportunities in action:
Plenty of advertisers are concerned about safety and objectionable content on MySpace. The site is taking lots of measures to keep people, specifically kids, safe. It has hired a safety czar, is working with 24,000 volunteers who monitor content, is putting additional privacy tools in place, has enacted systems to put restrictions on the ability of adults to contact children, and has algorithms, image-scanning tools, and education programs, all part of an effort to make MySpace a safer place for users to gather (and for us to advertise on).
To be fair, there's still plenty of objectionable content on MySpace. When advertisers set up a branded profile, MySpace will work with them to filter the pages as desired. And in targeting the ad inventory, the site can also custom filter to some extent (setting up filters for age, interest, etc.). The challenge is people update content and images on MySpace pages daily. Filtering isn't always foolproof.
The reality is if you want to consider some kind of presence on MySpace for your brand, you're going to have to be pretty open-minded.
You should at least consider MySpace. It's not for every client. But it does provide some great opportunities to connect with audiences in a unique way.
What about you? Have you worked with MySpace? Or tried to? What was the client's reaction when you brought it up? What were your results? If you have a MySpace story, I'd love to hear about it.
This Year's Premier Digital Marketing Event is #CZLSF
ClickZ Live San Francisco (Aug 11-14) brings together the industry's leading practitioners and marketing strategists to deliver 4 days of educational sessions and training workshops. From Data-Driven Marketing to Social, Mobile, Display, Search and Email, this year's comprehensive agenda will help you maximize your marketing efforts and ROI. Register today!
The Marketer's Guide to Customer Loyalty
Customer loyalty is imperative to success, but fostering and maintaining loyalty takes a lot of work. This guide is here to help marketers build, execute, and maintain a successful loyalty initiative.
The Multiplier Effect of Integrating Search & Social Advertising
Latest research reveals 68% higher revenue per conversion for marketers who integrate their search & social advertising. In addition to the research results, this whitepaper also outlines 5 strategies and 15 tactics you can use to better integrate your search and social campaigns.
Wednesday, July 23, 2014