Report: Brands Reaping Returns from Social Network Marketing

Authored by Mark Hefflinger on April 23, 2007 - 12:45pm.

Los Angeles - More than 70% of Americans ages 15-34 are actively using online social networks, spending on average more than seven hours per week on such websites and driving the growth of overall time spent online, according to a report commissioned by MySpace, Isobar and Carat USA and conducted by market research firms TRU, TNS and Marketing Evolution.

The online survey of 3,000 U.S. Internet users found that 69% use social networks to connect with existing friends, and 41% said they use them to connect with family members.

The survey also found 40% of all social networkers said they use social networking sites to learn more about brands or products that they like, with 28% saying that at some point a friend has recommended a brand or product to them.

Brands such as Adidas and Electronic Arts attributed more than 70% of their marketing return on investment to the word-of-mouth or pass-along effect of a brand within a social network.

"Marketers are beginning to truly understand how to activate the communities that exist within social networking environments," said Isobar president Sarah Fay.

 

Related Links:
http://tinyurl.com/226cwm

http://www.tns-global.com

http://www.carat.com

http://www.isobarcommunications.com

Comments

Influence

The Internet has changed things and marketing will never be the same. More than ever, marketing will have to take into consideration the conversations that people are having both online and offline. Consumers are more likely to trust each other than any other form of communication and advertising.

Post new comment

The content of this field is kept private and will not be shown publicly.