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eMarketer

Picture 12.jpgLightspeed Research released research last week that showed an interesting trend in what sources for information about purchase decisions U.S. internet users trusted most, as reported today in eMarketer.

As most other surveys over time have shown, you rely the most on the center of your social graph — family and close friends — for information about potential purchases.

As the web has expanded our social graph with networks of connections and associations, we’ve responded by expanding the universe of people that we trust. The fourth most-trusted source in the Lightspeed study was “A good contact on a social network,” ranking equal to neighbors.

Bloggers ranked more highly than traditional journalists and at the same level as a store assistant.

The ranking shows the value of two new marketing strategies leveraging social media: Building a social graph across social media platforms for your brand and establishing open contact with influential bloggers in your market space.

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Pricing power

by drm on October 19, 2009

Pricing power sits in one of two places in a marketplace: with the buyers or with the sellers. Traditionally, pricing power is a function of the underlying economic utility of the goods, combined with the relative scarcity of the goods.

Today, media isn’t that scare and, with consumer purse strings drawn tight, it has diminished utility to marketers.

Guess what side of the marketplace the pricing power sits?  eMarketer shares the results of a JP Morgan survey.

Advertising Pricing Change in 2009* According to US Media Buyers and Planners, by Media (% of respondents)

According to the survey, next year should be a little better.

About 40% of those polled thought 2010 spending would be roughly flat with 2009, while one-half thought spending would be up at least 5%.

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Social media can be a marketing platform: It starts with brand evangelism

March 27, 2009

Social media can be a marketing platform: It starts with brand evangelism

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