A blog for students of Professor Kagan's Digital Marketing Strategy course to comment and highlight class topics. From the various channels for marketing on the internet, to SaaS and e-commerce business models, anything related to the class is fair game.
Showing posts with label monetizing social networks facebook media six degrees. Show all posts
Showing posts with label monetizing social networks facebook media six degrees. Show all posts
Thursday, February 26, 2009
monetizing social networks?
I saw a presentation in another class that identified a way to monetize social networks. The company is called Media 6 degrees (http://www.media6degrees.com/) and they have created an algorithm that identifies who your best friends are in facebook without collecting any private data. They then argue that a site that you visit (eg Reebok's website) would form the basis of a good re-targeting ad campaign for these friends (as birds of a feather flock together). So far, their results have been impressive, with all clients experiencing a significant increase in ROI!
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