Advertising on social media sites
Social networks like Facebook and Twitter are daily destinations for millions of consumers. Increasingly,their ad products offer targeting according to specific demographics,social connections,interests,and habits.
As brands look across a fractured media landscape,where few digital properties offer any scale,social networks offer them an interesting proposition. Forecasts call for over $10 billion in annual social media ad spend globally by 2017.
In afrom BI Intelligence,we analyze the state of social media advertising and where it is heading,offering a comprehensive guide and examination of the advertising ecosystems on Facebook and Twitter,offer a primer on Tumblr as an emerging ad medium,and detail how mobile is an important part of this story as mobile-friendly native ad formats fuel growth in the market.
Subscribers also receive access to our daily charts and datasets on the latest trends in the social media industry,and our library of hundreds of in-depth reports on social and mobile topics.
Here's an overview of some major players in the mobile advertising ecosystem:
- Social media advertising offers a potentially unique advertising opportunity: As brands look across a fractured media landscape,social networks offer them an interesting proposition. Social networks have scale - enormous user bases and deep databases. And they have high engagement and desirable demographics - Americans were spending an average of 12 hours per month on social networks as of July 2012,with 18-24 year olds averaging 20 hours.
- Even conservative estimates predict huge growth: BIA/Kelsey recently came out with a study that offers one view- forecasting $11 billion of social ad spend in 2017,up from $4.7 billion last year. Social media advertising is a young and growing market and,so far,it only represents 1% to 10% of ad budgets for a wide majority of advertisers. There's significant opportunity for that share to grow.
- Increased mobile usage will be a huge growth driver: Both Twitter and Facebook have passed the 50% mobile usage mark and,given the continued growth of mobile devices,it will only rise. Mobile accounted for 11% of Facebook's ad revenue last year even though it didn't release mobile ads until the tail end of the second quarter. By the fourth quarter,it was up to 23%. And now,Twitter is reporting that its mobile ad revenue now regularly outpaces its desktop ad revenue.
- As in-stream advertising,easily transferable across devices,drive the change: According to social ad optimization platform TBG
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The project began in April this year when Beard Season began advertising on social media sites for the funkiest facial hair in the world.
Why should businesses be able to use social media sites as a way for advertising?
Advertising is one way for a web page to make money. Even a social media site like Facebook needs to make money. Facebook allows businesses to list their information alongside peoples listings because it was a great gateway for Facebook to introduce services that could mean income for the site. Thanks for using