The same day the previous post was tossed up, I read this:
Facebook And Twitter Do Almost Nothing To Drive Sales
by Ashley Lutz… "While the hype around social networks as a driver of influence in eCommerce continues to capture the attention of online executives, the truth is that social continues to struggle and registers as a barely negligible source of sales for either new or repeat buyers. In fact, fewer than 1% of transactions for both new and repeat shoppers could be traced back to trackable social links."
A surprise?
02 May 2011
Click this ad. 0.051% do.25 September 2012
Twitter & Advertising
27 November 2012
Black Friday, Cyber Monday Surpass One Billion Press Releases
07 December 2012
What is Digital Advertising?
So WOMM is a washout. So are banner ads.
What the hell are these consumers people doing? Reading stuff? Looking at pictures and silly videos? Listening to music? Communicating with each other? Sharing stuff? Being virtually sociable?
Where are their priorities? They are supposed to be viewing and clicking ads, then buying stuff.
Back to that piece in Business Insider:
Mulpuru didn't study small businesses, which she said do disproportionately well in social commerce.
What’s disproportionately well mean? If fewer than 1% of transactions are influenced by social media for large businesses and their products/services, does this mean that 1% of social media advertising is influential when considering small business products? Or would it be fewer than 2%?
Hardly anybody pays attention to social media marketing blather or banner ads. Most product reviews are useless.
That leaves paid search, email, direct marketing, and something we now refer to as traditional advertising…
15 December 2006
The Brouhaha Over WOMM
Pretty soon, consumers won't believe anybody - even their best friends. They'll realize that they receive the most honest and straightforward information about a product or service from a TV commercial, print ad, or product web site. At least we don't lie about who we are and why we're saying what we're saying.
… "While the hype around social networks as a driver of influence in eCommerce continues to capture the attention of online executives, the truth is that social continues to struggle and registers as a barely negligible source of sales for either new or repeat buyers. In fact, fewer than 1% of transactions for both new and repeat shoppers could be traced back to trackable social links."
Manipulation of the Crowd
"If they do it at all, it's only for products that are medical, maybe vacations," he said in a telephone interview from his home in Snohomish, Wash., near Seattle.
Nyren humorously considers the Boomer making a consumer decision:
… Apple and Google have won the hearts and minds of developers, who design the apps that lure consumers to their devices, while Samsung is the dominant maker of mobile phones, most of which run Google’s Android operating system. Even though Microsoft’s and Nokia’s products have won praise for their quality, they have arrived late.
There are active and passive parts of our day. Without getting into too much psychobabble, as you get older the passive side needs more nourishment. It’s not really passive. It’s focused absorption. At some point you have to climb out of your frenetic digital nest and concentrate on one thing. It might be reading a book, watching a TV show or movie, listening to music, looking out the window.
You should stop thinking about the next big thingamabob and whose will be best. In five or ten years there will be all sorts of thingamabobs for just about everything. You’ll have two or three or ten thingamabobs. Tablets/Smartphones will be big, small, thin, simple, complex, active, passive, out the door in your purse or pocket, lost in your couch cushions.
…A new Reading View feature, available via a button in the right side of the address bar, can remove the clutter and present just the article in a pleasant, horizontal layout… 