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Archive for February, 2012

PRimage like Pew Research: Why most Facebook users get more than they give

Monday, February 6th, 2012

Judy Viitanen has been checking out a fascinating new study about Facebook, from Pew Research. The study is very interesting as for the first time it combines server logs of Facebook activity with survey data to explore the structure of Facebook friendship networks and measures of social well-being. It shows that many users receive more from their Facebook friends than they give, whether the measurement is the number of friend requests received, the use of the “like” button, the number of messages sent or tagging people in photos.

It appears that the main factor driving this phenomenon is that there is a segment of “power users” who specialize in different Facebook activities and contribute much more than the typical user does.

Millennials Look to Digital Word-of-Mouth to Drive Purchase Process – PRimage comment

Monday, February 6th, 2012

Judy Viitanen and PRimage find this new report very interesting. It seems that younger consumers more likely to share purchase experiences with the masses. If this study is accurate, businesses may need to adjust their marketing strategy for millennials.

In a few short years, millennials—consumers currently ages 18 to 34—will account for a sizeable portion of US purchase decision-makers. Yet Bazaarvoice found these digital natives are already using and creating online content to recommend or dissuade friends, family and anonymous site-visitors from a brand, product or service.

Compared to their older counterparts, baby boomers, millennial internet users showed a greater reliance on anonymous recommendations and reviews when making purchase decisions. Bazaarvoice found 66% of boomers ages 47 to 65 turned to known parties for information and recommendations to influence their purchase decisions over user-generated content. Millennials, on the other hand, were almost equal in their reliance on friends and family (49%) vs. anonymous user-generated content from company websites (51%) to influence their buying decisions.

Bazaarvoice defined user-generated content as any on-site content created by internet users. This included reviews, comments, stories and questions. Like with traditional word-of-mouth, internet users seek out these insights to compare products, services and even brands.

The study also found millennials more likely to share their own purchasing experiences—both positive and negative—with the masses. Aside from company websites, forty-two percent of millennial internet users said they preferred to post comments on social networking sites about positive product, brand or service experiences in order to share their experience, compared to just 17% of baby boomers. And slightly more millennials (25%) preferred to share positive information on third-party sites such as CNET and Consumer Reports than did boomers (21%).

Facebook IPO Filing …. Watch this space says PRimage ….

Wednesday, February 1st, 2012

All eyes are on Facebook this week as it files papers for a mega initial public offering.  Keeping in mind that it’s roughly $100 billion valuation occurred in the span of seven years, the question is: What were the moves that Facebook made as a startup that resulted in such success? One thing is for sure … the IPO filing could answer at least three intriguing questions: who actually owns FB now, how much revenue does it actually generate and how much is it worth? ….. Watch this space!

PRimage and Judy Viitanen finds this an interesting infographic on Facebook ….