Social network ads are tough sell to Gen-Y

Seeking to grab the attention of Gen Y's on social networks? Better put away the old online display ads if you're seeking to grab the attention of Gen Y's on social networks. A new study by the Participatory Marketing Network and Pace University shows traditional banner ads to be ineffective to young adults aged 18-24.

Researchers asked a group of Gen Y's if they notice ads at all when navigating through a social community, and if they approve of them. While 84% said they notice ads on social networks, only 19% said they find them "relevant."

Researchers also found that 74% of the young consumers in the study click on social network ads "infrequently," and 36% don't click on the ads at all.

There were a few signs of hope in the results --
62% of the respondents said they have "visited a brand or fan page on a social network" and 48% said they have "become a fan or friend of the company or organization" showcased on a brand or fan page.

The top three reasons respondents cited for joining a brand or fan group were: get product updates ( 67%), view promotions (64%) and view or download music videos (41%).

Read full article: http://www.internetretailer.com/dailyNews.asp?id=29703

Dismantling Trusted Marketing Strategies

Great post from Brian Massey at the Society for Word of Mouth Marketing.

Your Wake-Up Call...

• TV is not an effective way to communicate, video is.
• Radio is not an effective way to communicate, the human voice is.
• Print is not an effective way to communicate, words and images are.
• Web sites are not an effective way to communicate, solving problems is.

How/Why Consumers Share Info

ShareThis.com has just completed an extensive study on sharing with Forrester Research. Forrester and ShareThis, teamed up to find out what and how people are sharing information online with one another. The study, which will be released next week, provides some interesting statistics around how people share online information --

• 69% of adults cite email as the primary source of sharing information
• Less than 1/3 of online adults said they learned about the new content from shared content sources such as YouTube, a wiki, or social networking sites
• 84% of people still use the traditional cut and paste method to share a URL or information
• 81% of adults claim that they share to help others -- believing a person will benefit from the information they share
• Sharing increases site traffic 2x, thus increasing ad dollars or revenue for publishers
• Men are more likely to share recommendations and videos than women; 77% of adult males and 74% of younger males shared news and web links
• Women are more likely to share products or ideas they like via easy or direct sharing methods (ie texting.)

You can read the full press release here.