Assigning Value Through Social Media

Lately it seems there have been several interesting companies which are ascribing quantitative value to people’s online presence.  With data readily callable from a number of different APIs from companies like Twitter and Foursquare, there are now ways of determining how “important” different people are on the net based on their social graphs.  And, if said people make other data available (Google analytics on their blog, for example), then one can get a pretty accurate picture of the amount of influence these people are having on their peers.

In my opinion, the ability to identify influencers within different demographics and then target them for advertising, coupons, and deals will be an ever increasing trend.  For example, I recently saw a presentation by Dennis Crowley of Foursquare (which was at NYU, that’s right) in which he discussed an analytics package he would be giving to local merchants through which they could track the behaviors of their customers that use Foursquare.

Let’s say you run a paintball arena (I’m getting flashbacks to weekends in middle school).  Through Foursquare, you know that your customer Billy is an influencer – meaning that Billy typically brings new people to the arena.  You, as the arena owner, give Billy an upgraded gun and free paintballs each time he comes based on his mayor status/badges/customer loyalty.  This incents Billy to come back more and more, and we know from his past behavior, and maybe even his behaviors at other local merchants, that he tends to bring a pack of people with him – many of which are first time paintballers and wouldn’t have come otherwise.

In this example, the local merchant was able to acquire new customers by targeting Billy and giving him an incentive to come back more often.  This isn’t rocket science.  But, it will be interesting to follow how companies, particularly facebook, utilize this kind of data.  facebook knows who influencers are by whose status is commented on, whose pictures are looked at, who leads a new trend of “liking” something, etc.  Being able to map someone’s social dynamic is very powerful.  Instead of targeting boys who see Ronaldinho wearing Nike, you can now target Johnny’s friends who are jealous of his new Nike shoes because he is the captain of the soccer team and a leader in his social group.  Or, Nike can tailor their advertising to Johnny’s friends’ parents, especially before a birthday is coming up.  This is powerful stuff!

Another example, Sysomos is a company that dissects data on how people use social media.  This data on past behavior is used to assign a value to a user. For example, if someone on Toyota’s site has been to the BMW and Audi facebook pages, then they are most likely looking to make a purchasing decision and therefore are assigned a high value by Sysomos.

Lastly, Shortboard is a company that tries to assign value to someone based on their online presence, and then attach logos to their online avatar.  So, Bob has a fishing blog with 10,000 monthly uniques, a twitter following of 1,000, and so he warrants a certain score, and is offered $500/month to associate Bassmaster’s logo with his online avatar.  Pretty cool.

1,805 Replies to “Assigning Value Through Social Media”

  1. Thanks for any other great post. Where else
    may anyone get that
    type of info in such a perfect means of writing?
    I have a
    presentation subsequent week, and I’m on the look for such info.

  2. Hey! I could have sworn I’ve been to this website before but after browsing through
    some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking
    and checking back frequently!

  3. Wow that was unusual. I just wrote an extremely long comment but after I clicked
    submit my comment didn’t show up. Grrrr… well I’m not
    writing all that over again. Anyhow, just wanted to say excellent blog!

  4. I do not even know how I ended up here, but I thought this post was good.
    I do not know who you are but certainly you’re going to a famous blogger if you are not
    already 😉 Cheers!

  5. I am really loving the theme/design of your weblog.

    Do you ever run into any internet browser compatibility problems?
    A number of my blog audience have complained about my blog not working correctly in Explorer but looks
    great in Opera. Do you have any solutions to help fix
    this problem?

  6. It’s appropriate time to make some plans for the future and it’s time
    to be happy. I’ve read this post and if I could I wish to suggest you some interesting things
    or suggestions. Perhaps you could write next articles referring
    to this article. I wish to read more things about it!

  7. Excellent goods from you, man. I’ve take into accout your stuff previous to and you’re just extremely excellent.
    I actually like what you’ve got right here, certainly like what you’re stating and the way in which you are saying
    it. You make it entertaining and you continue to care for
    to keep it smart. I can’t wait to read far more
    from you. That is actually a terrific site.

  8. It’s a very homely facility with amazing therapists. It’s dual-diagnosis so they help with getting mentally better as
    well as chemically helping with rehabilitation from drugs.
    Not the place I thought I was going but the place I needed to go!

  9. Hi there to all, for the reason that I am really keen of reading this webpage’s post to be
    updated regularly. It consists of good data.

  10. It’s enormous that you are getting thoughts from this article as well as
    from our dialogue made at this place.

  11. Hi to all, how is the whole thing, I think every one is
    getting more from this web site, and your views are pleasant designed
    for new viewers.

  12. I just like the valuable information you supply on your articles.
    I’ll bookmark your blog and check again right here
    regularly. I’m reasonably certain I’ll be informed plenty of
    new stuff right here! Good luck for the next!

  13. It’s a pity you don’t have a donate button! I’d definitely donate to this excellent
    blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed to my
    Google account. I look forward to brand new updates and will talk about this blog with my Facebook
    group. Chat soon!

  14. Unquestionably believe that which you said. Your favorite reason seemed to be at the net the simplest thing to be mindful of.

    I say to you, I definitely get irked at the same time as
    other folks consider issues that they just don’t realize about.

    You managed to hit the nail upon the top and defined out
    the whole thing without having side-effects , other folks can take a signal.

    Will probably be back to get more. Thank you

  15. That is a very good tip particularly to those fresh to the blogosphere.
    Brief but very accurate information… Thank you for sharing this one.
    A must read post!

  16. I all the time used to study post in news papers but now
    as I am a user of web thus from now I am using net
    for articles, thanks to web.

  17. It is not my first time to pay a visit this website, i am visiting this website dailly and take good data from here every day.

  18. Wow that was unusual. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear.

    Grrrr… well I’m not writing all that over again. Anyway, just wanted
    to say superb blog!

  19. Wow, incredible weblog layout! How lengthy have you been blogging for?
    you make running a blog glance easy. The whole glance of your web site is wonderful, let alone the content!

  20. I’m not sure where you are getting your information,
    but great topic. I needs to spend some time learning much more or understanding more.

    Thanks for fantastic information I was looking for this information for my mission.

  21. Hello! I’m at work surfing around your blog from
    my new iphone 4! Just wanted to say I love reading through your blog and look forward to
    all your posts! Carry on the outstanding work!

  22. I’m not sure where you are getting your information, but good topic.

    I needs to spend some time learning more or understanding more.
    Thanks for fantastic information I was looking for this information for my mission.

  23. With havin so much written content do you ever run into any
    issues of plagorism or copyright violation? My site has a lot
    of exclusive content I’ve either written myself or outsourced but it looks like a lot of it is popping it up all over
    the internet without my permission. Do you know any methods to help stop content
    from being stolen? I’d really appreciate it.

  24. Hey I know this is off topic but I was wondering if you
    knew of any widgets I could add to my blog that automatically
    tweet my newest twitter updates. I’ve been looking
    for a plug-in like this for quite some time and
    was hoping maybe you would have some experience with something like this.
    Please let me know if you run into anything. I truly enjoy
    reading your blog and I look forward to your new updates.

  25. I want to to thank you for this fantastic read!! I certainly enjoyed every bit of it.

    I have got you bookmarked to check out new things you post…

  26. Thanks a bunch for sharing this with all folks you actually know what
    you are talking approximately! Bookmarked. Kindly also visit
    my site =). We can have a hyperlink change contract among us

  27. My spouse and I stumbled over here different website and thought I
    should check things out. I like what I see
    so now i am following you. Look forward to finding out
    about your web page repeatedly.

  28. I’m gone to say to my little brother, that he should also go to see this webpage on regular basis
    to take updated from latest news update.

  29. I have been surfing online more than 4 hours today, yet
    I never found any interesting article like yours.
    It is pretty worth enough for me. Personally, if all web owners and
    bloggers made good content as you did, the net will be much
    more useful than ever before.

  30. The other day, while I was at work, my cousin stole my apple ipad and tested to see if it
    can survive a twenty five foot drop, just so she can be a youtube sensation. My apple ipad is now broken and she has 83 views.
    I know this is totally off topic but I had to share it with someone!

  31. Excellent blog you have got here.. It’s difficult to find excellent writing like yours these days.
    I really appreciate individuals like you! Take care!!

  32. My brother suggested I might like this website. He was
    totally right. This post truly made my day. You cann’t imagine
    simply how much time I had spent for this information! Thanks!

  33. We’re a group of volunteers and starting a new scheme in our community.

    Your website provided us with valuable info to work on. You’ve done a
    formidable job and our entire community will be
    grateful to you.

  34. I’m not sure why but this website is loading incredibly slow for me.
    Is anyone else having this problem or is it a issue on my end?
    I’ll check back later and see if the problem still exists.

  35. You actually make it appear really easy together with your presentation but I
    to find this matter to be really something which I believe I would by no means understand.
    It sort of feels too complicated and very large for me.
    I’m having a look ahead to your subsequent post, I’ll attempt
    to get the cling of it!

  36. Hello, constantly i used to check blog posts here
    early in the break of day, for the reason that i enjoy to find out more and
    more.

  37. An interesting discussion is definitely worth comment. I do believe
    that you need to write more about this subject, it may not be a taboo matter but
    typically people don’t speak about such issues.
    To the next! Cheers!!

Comments are closed.