IZEA + WeReward = New Media Innovation

When I started my social media agency in 2007 I knew the emerging new media industry needed to streamline and fill a growing void between public relations and advertising. Born was WeReward earlier this year and the advent of Social Media Sponsorships.


A social media sponsorship is a rapidly emerging word of mouth strategy that enables brands to provide material compensation, such as cash, coupons, products, points, trips, etc. to social media publishers to promote and/or review their products and services through blog posts, status updates, checkins, or other unique experiences.

“It not only validates that social media sponsorships are becoming an increasing important tool for marketers, but the projected rate of growth indicates that brand marketers will continue to become part of the conversation and build relationships with consumers through their social networks, whether that be on their computer or mobile device.” Said Ted Murphy, Founder and CEO of IZEA.

“The cascade of new media platforms and technologies have led to significant changes in consumer media use, which has forced brands to rethink long-held beliefs about effective strategies to reach target audiences,” said Patrick Quinn, CEO of PQ Media. “The availability of content through the internet, mobile devices and social networks, the difficulty of reaching more elusive target consumers, and the transformation of personal communications due to these developments have made it more important than ever for brands to invest in strategies to engage target consumers in captive locations for extended periods of time through the power of emotional connections.”

A recent Social Media Sponsorship Forecast spotlights on a clear consumer brand marketing trend toward increased adoption of Digital Sponsored Conversations, Digital Brand Ambassador Programs, Digital Seed/Viral Campaigns and Digital Marketing Agencies.

Social media sponsorship spending is expected to jump 23.6% in 2010, reaching $56.8 million, propelled by an improving advertising and marketing environment, increased social media usage as a share of time spent online, and more brands requiring WoMM campaigns to include a social media proponent. Non-cash sponsored social media will continue to demand the lion’s share of spending, but cash-sponsored social media will exhibit faster growth, driven by new services, particularly those linked to mobile phone applications. Similar to the 2009 results, social media sponsorship will significantly outperform the single-digit growth expected for the overall advertising and marketing industry, as non-digital media segments continue to struggle.

Popularity: 7% [?]

12 Reasons Why We Like Brands on Facebook

With 40% of Facebook users who become fans of a brand do so to show their support of a company to their friends, according to recent study by ExactTarget. As consumers continue to use Facebook to interact with friends, be entertained and express themselves through their public affiliation with brands – these factors combine to create a potent viral marketing platform.

By engaging consumers on Facebook in a way that keeps them entertained, brands have an unprecedented opportunity to mobilize Fans and get introduced to their friends. “Facebook provides a unique opportunity for marketers to creatively connect with motivated audiences online,” said Tim Kopp, ExactTarget’s chief marketing officer.

Nearly two-thirds of U.S. consumers and three quarters of Millennials have created a profile on Facebook and the most common reason for using the site is to reconnect with old friends and friends who live far away (63%).

Other highlights from the study include:

*30 percent of consumers use Facebook to occupy their down time citing it as a “guilty pleasure,” and 31 percent say they monitor the amount of time spent on Facebook because of its addictive nature.

*Women are more likely than men to use Facebook for maintaining personal relationships (63 versus 54 percent), connecting with old friends (68 versus 56 percent) and managing their social lives (41 versus 34 percent).

*Consumers’ capacity for exposure to brand messages via Facebook is limited—half of all fans “like” only one to four brands and only 17 percent of consumers say they’re more likely to buy after becoming a “fan” on Facebook.

What has motivated you to follow a company, brand or association on Facebook?

  1. To receive discounts and promotions
  2. To show my support for the company to others
  3. To get a “freebie” (free samples, coupons)
  4. To stay informed about the activities of a company
  5. To get updates on future products
  6. To get updates on upcoming sales
  7. For fun or entertainment
  8. To get access to exclusive content
  9. Someone recommended it to me
  10. To learn more about the company
  11. For education about company topics
  12. To interact (share ideas, provide feedback)

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Top 10 Countries on Facebook

facebook logo

The growth that Facebook has achieved in under 7 years has been incredible and to think that there are now more than half a billion users, is impressive to say the least. When we think of Facebook we typically think of users based in the United States (narcissistic, I know), but the growth of this top social networking site has been a global phenomenon.

Facebook’s current user base is more than 1.6 times the size of the entire US population. You’ve all heard by now that “If Facebook were a country, it’d be second only to China and India” but when you take a look at the Facebook economy, today’s valuation of the social network is over $10 billion dollars.

Top 10 Countries on Facebook

top 10 countries on Facebook 2010

From Pingdom:

Since we don’t have actual user numbers and demographics from Facebook itself (only Facebook has those), we looked at per-country traffic estimates to Facebook.com. The result is quite interesting. (We used data from Google Ad Planner, which provides traffic stats for a large number of sites.)

Facebook’s international expansion is well under way, and it’s arguably the largest and most wide-spread social network that ever existed. As Facebook grows on a global level, the current US dominance of the social network will gradually diminish and become more similar to the general distribution of Internet users.

  • The United States alone accounts for almost 24% of Facebook’s users.
  • The United States has 4.6 times as many Facebook users as the second-largest country on Facebook, the United Kingdom.
  • The top 10 countries on Facebook account for almost 58% of its users.

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Best States for Entrepreneurs 2011

Charlotte, NC skyline

Best States for Business 2010

In Chief Executive’s annual survey of best and worst states for business, conducted earlier this year, 651 CEOs across the U.S. again gave Texas top honors, closely followed by North Carolina, Tennessee and Virginia. They gave the booby prize for worst state to California, with New York, Michigan, New Jersey and Massachusetts filling out the bottom five-a line-up virtually unchanged from last year. Florida and Georgia each dropped three places in the ranking, but remain in the top 10. Utah jumped six positions this year to sneak into the top 10 at No. 9.

The business leaders were asked to draw upon their direct experience to rate each state in three general categories: taxation and regulation, quality of workforce and living environment. Within each category respondents graded states in five subcategories, as well as ranking each in terms of its importance to the respondent and how individual states measure up.

From Chief Executive:

Texas fares competitively with Nevada and Delaware in terms of taxation and regulatory environment, but scored best overall, in no small measure because of the perception that its government’s attitude to business is ideal. Runner-up North Carolina edged Texas slightly in its living environment, but scored somewhat below the Lone Star state in terms of government attitude to business and work ethic, which is a sine qua non for the business leaders. After employee work ethic, CEOs most highly prize lower tax rates and perceived attitudes toward business, followed by living environment considerations, such as real estate costs and education.

Lone Star Leader

By contrast, Texas, the second-most populous state and the world’s 12th largest economy, is where 70 percent of all new U.S. jobs have been created since 2008. Unsurprisingly, it scores high in all the areas CEOs value most. “You feel like state government understands the value of business and industry to create jobs and growth,” observed one CEO.

Southern Smarts

With 6 of the top 10 states for business located in the South: North Carolina, Tennessee, Virginia, Florida, Georgia and South Carolina rounding out the top 10, its clear that the main categories examined: Cost of Doing business, Workforce, Quality of Life, Economy, Transportation & Infrastructure, Technology & Innovation, Education, Business Friendliness, Access to Capital and Cost of Living are indications that we have it all.

America’s Top States for Business 2010

CNBC Also completed a special rankings report on America’s Top States for Business 2010 – They scored all 50 states—using publicly available data—on 40 different measures of competitiveness. States received points based on their rankings in each metric. Then, they separated those metrics into the ten broad categories, with input from business groups including the National Association of Manufacturers. They weighted the categories based on how frequently each is cited in state economic development marketing materials.

North-Carolina-business-ranking

Maybe I’m biased because I have been living in the South for over a decade, but having visited 8 of the top 10 states (Utah & Colorado excluded) I can say without bias that North Carolina (Charlotte in particular) is a great location for entrepreneurs as I was able to start my own social media agency in this area in 2007 and have found great success not only for my business but for also the clients I do work with in the region.

Please leave a comment below as I’m interested to hear about your experiences in business and whether or not the regional landscape depicted where you founded or relocated your company.

(Image Credits: Tonyshi)

Popularity: 36% [?]

Social Profiling


Email service provider Exact Target recently released their social profile tool, based on social consumption and social contribution. The interactive tool introduces you to the 12 distinct consumer persona’s online. The ability to study this data and consumer behavior online allows you to get to know your audience based on their personalities, not just their age, gender and other demographics.

The Social Profile Interaction Tool

In The Social Profile, you’ll learn about 12 distinct personas that represent motivations for interacting online. These personas aren’t mutually exclusive—consumers self-identified themselves as falling into as many as three of these 12 categories. We’ll also help you understand how consumers interact with marketers like YOU across email, Facebook, and Twitter.

• Get to know your audience based on their personal motivations, not just their age, income, or gender.

• Learn why consumers’ use of social media is dictated by their individual motivations, not by the channels themselves.

• Realize the importance of understanding your audience, so you can predict what they want from your brand, meet their expectations, and increase your ROI.

Customers no longer pay attention to your brand for the same reasons across all ages, incomes, and gender. That’s why you must give consumers a chance to interact with you based on their personalities. And by simply taking the time to meet your audience, you’ll be able to make informed decisions about what, when, and where your marketing messages should be delivered. With our 12 consumer personas, you’ll be able to deliver one-size-fits-one messages that will truly resonate.

Focus on 5 key social networking personas

Based on both the amount of content they consume and produce, the five most valuable, in order of their total content usage, are Megaphone, Open Book, Social Butterfly, Business First, and Enthusiast.

Megaphone
Representing 7% of online consumers, Megaphones want to connect, educate, and share resources and information online with others. Despite the relatively small number of them, Megaphones have a disproportionately large influence on brands and the internet as a whole. These consumers are by far the most active group of consumers in social media of all types. 65% regularly maintain a website, blog, or both.

Twenty percent of Megaphones use Twitter daily and have three times more followers than the average consumer. Their Twitter usage continues to increase, unlike many of the other personas. Megaphones are easily influenced; they’re the most likely consumers to become a subscriber, fan, or follower at the recommendation of others.

Open Book
Accounting for 6% of online consumers, Open Books are uninhibited consumers who freely express their likes, dislikes, experiences, and opinions with the online world. Open Books may appear similar to Megaphones as they’re active in creating content and commenting in social forums. But they’re more likely to blog regularly than Megaphones, and their biggest difference is in their intent. While Megaphones are primarily interested in connecting and educating, Open Books want to divulge their experiences online and find others who can relate to them.

Open books are motivated to fan a brand on Facebook or subscribe to email due to exclusive con¬tent and the ability to interact—not bypromotions or sales. Despite a high propensity to use Twitter regularly, Open Books don’t typically follow brands. Open Books want to interact with companies through email and Facebook. Monitoring a working ‘From Address’ and encouraging candid feedback is a good first step in gaining their loyalty.

Social Butterfly
Totaling 13% of online consumers, Social Butterflies focus on making and maintaining numerous online friendships. They use Facebook to manage their social lives, and Facebook friends are personal friends, not work contacts. Social Butterfiles are interested in becoming Facebook fans of brands, as well as promotions and sale notifications across email, Facebook, and Twitter. Social Butterflies are also active bloggers (mostly about their personal lives) and are among the most voracious consumers of online video and podcasts.

Forty-five percent of Social Butterflies become a fan of at least one Facebook brand, higher than any other persona. Twenty-seven percent of these consumers say they’re more likely to buy after becoming an email subscriber, com¬pared to 16% who report being more likely to buy after becoming a Facebook fan. Twenty-eight percent of all consumers under the age of 25 are Social Butterflies, and more than half of all Social Butter¬flies are Millennials. Keep Facebook interactions lighthearted. Promotions and freebies are better through email.

Business First
Representing 8% of online consumers, Business Firsts use the internet for business purposes, keeping up with the latest trends, communicating with business contacts, and making new connections through sites like LinkedIn. In short, they’re actively engaged in promoting their companies and personal careers online. These consumers use email constantly throughout the day, and although they don’t typically follow brands on Twitter, they’re among the most active Twitter users. Business First Consumers have nearly three times more followers than the average consumer.

They also maintain their own websites, blog frequently, upload videos, post to wikis, and write articles. The only exception is Facebook; they use this channel less frequently, primarily to connect with business contacts or to keep tabs on their children. These consumers are motivated to become a subscrivber, fan, or follower by the promise of product updates, company information, and education. They’re less likely to be motivated by discounts or entertainment.

More than half of Business First consumers are men between the ages of 25 to 54. These consumers receive more email per day and subscribe to more commercial email than any other consumer persona. Business Firsts are the most affluent persona, with a median income of $80,200.

Enthusiast
Encompassing 32% of online consumers, when Enthusiasts go online, they’re motivated by offline interests and hobbies. From sports, movies, and music to food, pets, and travel, they connect with people who have similar hobbies, or search for information that will support their lifestyle interests, including entertainment and education.

Enthusiasts tend to be younger, more affluent, are less likely to have children, and are active on email, Facebook, and Twitter. However, they view each channel as serving its own distinct purpose. They rely on email for promotions and in-depth content that doesn’t make as much sense on social networks. They use Facebook to show their support for their favorite brands, and they use Facebook and Twitter to network with other Enthusiasts.

Consumer Profile Tool

Last year Forrester’s Social Technographics® created a social profile tool that classifies consumers into six overlapping levels of participation. Based on their survey data you can see how participation varies among different groups of consumers, globally.

Digital Morning Interactive Tool

I highly recommend you to go download The Social Profile report and see what consumer persona you fall under. After you’re done reviewing the report I recommend checking out another another tool that shows you where your customers start their day online.

Digital Morning will reveal whether your customers wake up to Email, Facebook, or Twitter, so you know where to deliver your messages, and what to say.

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