The Web self tends to be a marketed version of the real thing, more an example of how thoroughly we’ve all internalized the branding process than an outbreak of revelation. –Rob Walker in Fast Company
Spike Jones at Brains on Fire picks up on Walker’s FC piece on online identity and has this to add:
The lesson to be learned here? Before you sink your precious marketing budget dollars into that social networking site’s banner ads, you might want to think again. Even if it’s “targeted,” it’s still interruptive, a one-way conversation and now, might even not be that targeted after all.
In related news, BusinessWeek claims the MySpace Generation is getting fed up. The average amount of time each user spends on social networking sites has fallen by 14% over the last four months, according to market researcher ComScore.
“What you have with social networks is the most overhyped scenario in online advertising,” says Tim Vanderhook, CEO of Specific Media, which places ads for customers on a variety of Web sites.
Social networks have some of the lowest response rates on the Web, advertisers and ad placement firms say. Marketers say as few as 4 in 10,000 people who see their ads on social networking sites click on them, compared with 20 in 10,000 across the Web.