Saturday, November 24, 2012

Social networks boost sales


Dick Costolo

Source:
Twitter Sees a Surge in Retailer Activity (http://www.cnbc.com/id/49901550)

   It seems that social network services such as Twitter and Facebook are improving their services toward more beneficial ways for retailers and advertisers. I believe two articles that I attached are recommendable and somewhat dispensable news for digital marketers. Also, I somewhat support the movements because I hope their activities to have a positive effect on not only their growths but also achievements of marketers including retailers and advertisers using social networks.

   To begin with, Twitter is revealing a new study recently, commissioned by Kantar's 'Compete' market research division, which explains why the service has tripled its retail user base. The survey of Twitter desktop users finds that it does indeed drive retail traffic, revealing a direct link between exposure to retailers' tweets to online traffic and retail purchases. Twitter users, even without seeing ads, are 24 percent more likely to make online purchases, than average Internet users are, according to the Compete study. The result is so impressive that I think it's really important to the future of Twitter's business as well as the retail industry as a whole.

   What about Facebook? Facebook is recently rolling out a tool through which e-tailors can trace sales stemming from the click-through traffic of Facebook members. With its latest tool, Facebook has set out to show marketers that advertisements yield greater returns when displayed on the world’s leading social network. Though the purchasing path is more direct on Google, some analysts argue that Facebook could lure advertisers by showing precise information on click-through conversion rates. I believe its amazing opportunities for both Facebook and marketers from industries, Both should take advantage of the service, leading to win-win.
 

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