UMP News

Posts Tagged ‘Social Media’

Lori

Social Media Predictions 2009

Monday, January 5th, 2009

Some interesting predictions!

Now with connective technologies like Facebook Connect, Google FriendConnect, and OpenID, consumers will now be able to see reviews, experiences, and critiques from people they actually know and trust. As a result, expect to see eCommerce widgets and applications appear in popular social networks, as well as when visiting existing eCommerce sites the ability to login with your Facebook or Google identity. As an example,next time I’m shopping for a laptop, not only will I see reviews from editors and consumers, I will now know which one of my friends uses an Apple computer, and what they think of it.

jeffpalumbo

Facebook Stats

Thursday, January 1st, 2009

* 13 million users update their statuses at least once each day
* 2.5 million users become fans of Pages each day
* 700 million photos are uploaded to the site each month
* 4 million videos are uploaded each month
* 15 million pieces of content (web links, news stories, blog posts, notes, photos, etc.) are shared each month
* 2 million events created each month
* 19 million active groups exist on the site

david

Social Networking on Steroids . . .

Friday, December 19th, 2008

So here we are entering into 2009. We have an economic disaster upon us. We are witnessing a financial crisis, the likes of which the World has not seen since the Great Depression, and yet for those of us in the Social Networking World, the outlook is SPECTACULAR. . . .

You see, Social Networks are not susceptible to market upswings and downswings. In fact, most social networks have not yet even figured out how to make money so they virtually can’t be susceptible to any swing at all. Instead, these incredible places for socializing, sharing, networking and communicating are continuing to grow at alarming rates.  So this brings us to that SPECTACULAR outlook I was talking about:

In 2009 the industry of Social Media is going to take its biggest “JUMP” ever.  The world is about to be introduced to new technologies and platforms that will forever change how online marketing exists, and transform the way people connect to businesses and organizations.

Social Networks are going to finally connect to ways of monetizing their networks and leveraging  marketing potential of their sites.

Businesses are going to learn about the benefits of marketing through social networks and begin to understand what true “Targeted Marketing” looks like.

Non-Profits and Philanthropic organizations are going to learn how to quickly and easily leverage their memberships marketing power into millions of dollars in economic support.

My prediction is that the world of social media is in for a major change and that current economic circumstances will only help to fuel the growth of online environments designed to support, share, and help one another.

Hold on everyone, this roller coaster is still climbing . . .

Nelson

Social advertising: a plan for viral success

Wednesday, December 17th, 2008

This is an interesting article about advertising in the social media space.

You may not be able to anticipate which campaigns will be a hit with consumers, but there are ways to optimize your brand’s chances of being accepted in their digital gathering spots.

jeffpalumbo

Social Media ad Spending decline, demands improved results

Monday, November 24th, 2008

The global financial crisis and drastically lower consumer spending, as indicated by Friday’s Commerce Department report of a 2.8% drop in October retail sales, has forced marketers to slash budgets and seek better performing alternatives.

The consumer spending recession is quickly “trickling-down” to cause a traditional media depression. Research from Jack Myers Media Business Reports indicates up to double-digit declines for newspapers, magazines, broadcast radio and television in 2008. And there appears to be no good news in sight, as sales are projected to decline further in each of these media sectors in 2009.

The future of marketing is results driven advertising. Pay-For-Performance models stand to dominate in down market trends.

jeffpalumbo

Memelabs, the user-generated video contest platform company,

Thursday, November 20th, 2008

Memelabs, the user-generated video contest platform company, today announces the release of a custom version of memelabs to help non-profit organizations and charities easily create and manage User Generated Video (UGV) campaigns online. The company is rolling out a pilot version of the new platform for Apathy is Boring, a Canadian non-partisan project that uses art, media, and technology to encourage active citizenry.

Vancouver, BC (PRWEB) — Memelabs, the user-generated video contest platform company, today announces the release of a custom version of memelabs to help non-profit organizations and charities easily create and manage User Generated Video (UGV) campaigns online. The company is rolling out a pilot version of the new platform for Apathy is Boring, a Canadian non-partisan project that uses art, media, and technology to encourage active citizenry.

Memelabs helps organizations promote viral video marketing that gain targeted exposure for marketing campaigns online, such as the successful viral video contests the company launched for Wells Fargo, Intrawest, Texas Instruments and Garden State Life.

In three easy steps marketers have a fully customized video contest ready for launch.

  • Design: the customer can supply its own design or the Memelabs team works with the client to create a design; a fully customizable CSS with 100% share of brand.
  • Integration: the Memelabs team applies the design to its contest platform, and can advise on and implement additional social media outreach strategies.
  • Promotion: the Memelabs team helps to get the word out through social media tools, such as blogs, newsletters, bookmarks to its user base of over 100,000 people and partnerships with 40 film schools. These are film makers and enthusiasts who have previously signed up and participated in memelabs contests.

Once the contest is up and running, videos are submitted by consumers for voting and ranking by the user base. Memelabs constantly monitors video submissions, rankings and commentary to ensure no fraudulent or offensive activity takes place. In addition, this version gives customers access to the back-end platform from which clients can manage campaign details.

“We chose to integrate memelabs into our National Video Contest as it was the perfect medium to reach our target demographic, Canadian youth, in an engaging and user friendly online environment. We’ve also received an incredible amount of support from memelabs, whether in site development, marketing strategy, and content management, making our campaign a cinch to update and maintain,” comments Apathy is Boring’s Development Coordinator Adrienne Smith. “Memelabs’ commitment to the Apathy is Boring cause has made them a perfect partner for us and we look forward to our continued collaboration.”

Apathy is Boring wants young Canadians to grab their video cameras and cell phones and tell their vision for the next 250 years of Canada and enter this in an online contest at the Apathy is Boring contest site. Running July-September, 2008, one national contest winner will receive a grand prize: a trip to Halifax for the winner to attend and showcase their video during a Youth Dialogue hosted by Her Excellency the Right Honourable Michaëlle Jean, Governor General of Canada, on September 20th. More information on the Governor General’s Youth Dialogues is available at www.citizenvoices.gg.ca. The winner will also receive backstage passes to the Apathy is Boring Concert featuring artists ill Scarlett.

“New conversations are emerging online between organizations and consumers and as social media has now become part of the mainstream, organizations are looking for new ways to engage with its customers,” comments Dario Meli, co-founder and partner, memelabs. “Memelabs creates this bridge - engaging, encouraging and supporting positive interaction and inspiring community development. All we ask of organizations is to bring their marketing idea and we’ll put it into action.”

About memelabs
Memelabs is the first platform for companies to effectively roll out consumer-generated online video contests to gain brand loyalty in the Web 2.0 world. Easily and efficiently marketers can take advantage of the growing social marketing trends of consumer online video production, viral video marketing and consumer participation in online contests.

jeffpalumbo

Stealth Startup Kango Working on Semantic Search For Travel

Thursday, November 20th, 2008

picture-224.pngDoes the world really need another travel site? With Expedia, Orbitz, Travelocity, TripAdvisor, Farecast, TripHub, Yapta, and many more, prospective travelers already have more than enough to choose from. (With an estimated $87 billion in travel booked online, it’s no wonder why). Soon they will be able to add Kango to that list.

The startup, which has been in stealth-mode until now, does manage to add a new twist to search travel. It is indexing 18 million opinions and reviews across 1,000 travel-related sites to derive the best travel search results based on what type of trip you want to take. If you are planning a romantic getaway in Big Sur, you will get one set of results. If you specify that you are looking for a family outing instead, you will get another. Or you can look for pet-friendly hotels and activities. Of course, you can also search by price or amenity, like any other travel site. And you can see where each hotel or activity is located on a small Google Map.

picture-204.pngBut what’s promising about Kango is the way it slices up search subjectively. Kango is building a semantic search engine focussed narrowly on travel. It parses the language in all of those reviews and guides, and categorizes them by generating tags for them. “You cannot wait for users to add tags, you have to derive them,” says CEO Yen Lee. So hotels that have been reviewed across the Web (on sites like Yahoo Travel, TripAdvisor, or Yelp) with words such as “perfect,” “relaxing,” “couples,” “honeymoon,” or “spa” would rank higher in a search for romantic travel. Hotels associated with the words “kitchen,” “pool,” and “kids,” would rank higher in a search for family trips.

Whether this will be enough to draw people from other travel sites is hard to say at this point. But Kango’s executive team has an impressive pedigree. Lee is a former general manager of Yahoo Travel. His search architect, Huanjin Chen, used to be the search architect at eBay. His natural-language search scientist, Boris Galitsky, used to do work for the British government. And his head of marketing, Elliott Ng, headed up marketing for Intuit’s QuickBooks and is the founder of Netcentives.

Lee estimates there are 6 billion to 8 billion travel-related searches done every year, and he thinks Kango can help expose more of the hidden gems in travel that today don’t quite make it to the first page of most travel sites. He plans to make money on travel-specific search advertising, rather than on booking or listing fees.

Kango will be rolling out a limited beta in the next few weeks, and is rese
rving 100 spots for TechCrunch readers who sign up here.

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Lightspeed Venture Partners Blog

Semantic web in travel

Posted: 25 Feb 2008 07:30 PM CST

 

 

I saw today that Radar raised a Series B for its semantic web application. As I’ve noted in the past, I am a believer in approaching the semantic web top down rather than bottom up, i.e. by inferring structure from domain knowledge rather than requiring all websites to mark up their content in RDF. The user doesn’t care about the semantic web (just as they don’t care about wikis or web 2.0 or tagging), all they care about is that they can more quickly get to the things that they want. The mechanisms that we use to create this better experience should be invisible to the user.

Two companies that are taking this approach are doing it in travel. Travel is a good vertical to start in for three reasons (i) lots of users (ii) well defined universe of data and (iii) easy to monetize.

The first of these is Tripit. Tripit takes travel confirmation emails from multiple sources and creates a master itinerary. As Mike Arrington noted in Techcrunch:

It’s dead simple to use and it keeps you organized - all you have to do is forward confirmation emails to them when you purchase airline tickets, hotel reservations, car rentals, etc. Tripit pulls the relevant information out of the emails and builds an organized itinerary for you. You can send emails in any order, for multiple trips, whatever. It just figures everything out and organizes it.

This is a great example of the semantic web being used to improve a users experience, invisibly. The user neither knows nor cares that Tripit is inferring structure from the emails (e.g. SFO is an airport in San Francisco, the Clift is a hotel in San Francisco, and since your reservation at the Clift starts on the same day as your arrive into SFO, Tripit will offer driving directions automatically from SFO to the Clift etc). All the user knows is that they automagically have a single itinerary compiled and supplemented with other relevant information (e.g. maps, weather etc).

The second is Kango. Kango helps travelers decide where they want to go by crawling 10,000 sites and 18,000,000 reviews and organizing that content semantically. As Erik Schonfeld of Techcrunch notes:

But what’s promising about Kango is the way it slices up search subjectively. Kango is building a semantic search engine focussed narrowly on travel. It parses the language in all of those reviews and guides, and categorizes them by generating tags for them. “You cannot wait for users to add tags, you have to derive them,” says CEO Yen Lee. So hotels that have been reviewed across the Web (on sites like Yahoo Travel, TripAdvisor, or Yelp) with words such as “perfect,” “relaxing,” “couples,” “honeymoon,” or “spa” would rank higher in a search for romantic travel. Hotels associated with the words “kitchen,” “pool,” and “kids,” would rank higher in a search for family trips.

Again, the semantics are being applied in a way that is invisible to users. Users don’t need to know how key words in reviews are mapped to characteristics like “family” or “romantic”. The company uses its domain knowledge to make this transparent to the user.