Advertising in the social network environment is not really taking off
Advertising on social media has still not really taken off. While social networks continue to grow rapidly on the web, advertising on them has yet to gain traction.
The problem of social networks as an advertising environment has been discussed for several years, but a solution still does not seem to have been found. As the latest figures from eMarketer show, social media only accounted for 5.5% of the digital advertising market in 2009. This represents a moderate increase on the previous year, when the share was five percent. However, unlike in many other advertising segments, there was still growth in this area and no decline. Industry experts are forecasting a growth rate of 14% for this year.
The fact that advertising in the social media environment has still not really taken off is partly due to the fact that the rethink on the marketer side is happening rather slowly. "Traditional advertising thinking is still widespread. However, advertisers need to understand that social networking is not a classic channel and should adopt a much more dialogical approach," David Nelles, Corporate Communications at the consultancy Virtual Identity, told Pressetext. It is important to focus on interaction with the user. "A banner on Facebook makes little sense, it's better to set up fan pages," continues Nelles. Media use has changed and most people first have to adapt to this. "However, there is indeed a development. It can be observed that marketers are gradually responding to the changes," says the social media expert.
According to eMarketer, one reason for the modest figures is the MySpace network, which has been stumbling for some time. The once popular social network, which also offered a broad advertising environment, is still on a downward spiral and is dragging advertising spending down with it. According to experts, advertising investments on the platform are expected to fall by 21 percent from 2009 to 2010.
The fact that advertising in the social media environment has still not really taken off is partly due to the fact that the rethink on the marketer side is happening rather slowly. "Traditional advertising thinking is still widespread. However, advertisers need to understand that social networking is not a classic channel and should adopt a much more dialogical approach," David Nelles, Corporate Communications at the consultancy Virtual Identity, told Pressetext. It is important to focus on interaction with the user. "A banner on Facebook makes little sense, it's better to set up fan pages," continues Nelles. Media use has changed and most people first have to adapt to this. "However, there is indeed a development. It can be observed that marketers are gradually responding to the changes," says the social media expert.
According to eMarketer, one reason for the modest figures is the MySpace network, which has been stumbling for some time. The once popular social network, which also offered a broad advertising environment, is still on a downward spiral and is dragging advertising spending down with it. According to experts, advertising investments on the platform are expected to fall by 21 percent from 2009 to 2010.








