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By: David Stein
MKTG 7546 – Professor Brey




       The Share Widget   February 12, 2012   1
Emergence


Prevalence


Relevance


Implications


Case Studies


Potential Application


Interview with Colin McCloskey




                                 The Share Widget   February 12, 2012   2
   Social Bookmarking
    ◦ “the practice of saving bookmarks to a public Web
      site and “tagging” them with keywords” (Educause)
      Del.icio.us, Reddit, Stumbleupon
   Facebook
   Twitter
   LinkedIn




                                      The Share Widget   February 12, 2012   3
   Every 20 minutes over 1Million “likes” are
    uploaded to Facebook (SocialHype)
   Users generate an average of 2.7 Billion
    “likes” and “comments” per day. (NY Daily
    News)




                                The Share Widget   February 12, 2012   4
   Ease of use
   Access to information
   Access to entertainment
   Shrinks the world




                              The Share Widget   February 12, 2012   5
   Ease of Use
   Relevance of content
   Network effect
   Value Add
   Data Mining




                           The Share Widget   February 12, 2012   6
   Ease of use
   Allows users to share your content AND
    remain on your website
   Word of mouth/referential marketing
   Data Mining




                              The Share Widget   February 12, 2012   7
   Enhanced:
    ◦   Accessibility
    ◦   Relationships
    ◦   Business/customer knowledge
    ◦   Revenue streams
    ◦   PURCHASES and SALES

   Decreased
    ◦ Privacy
    ◦ Anonymity
    ◦ Individuality


                                      The Share Widget   February 12, 2012   8
   Statistics as of around March 2011
    ◦ LinkedIn – 100 million registered users
    ◦ Facebook – 620 million registered users
    ◦ Twitter – 175 million registered users

    ◦ LinkedIn – 1.5 click backs
    ◦ Facebook – 1.7 click backs
    ◦ Twitter – 1.1 click backs

   LinkedIn success –
    Niche, Professional, Valuable

                                    The Share Widget   February 12, 2012   9
   Named one of 9 companies doing social media
    right by Social Media Examiner.
   “I want, and our members want, recommendations
    from like-minded people and that's what the Like
    button gives them." He added, "Most people have
    friends who have similar interests, so when they
    see that their friend likes a particular product it has
    a real impact.” - CEO Randall Weidberg
    (InternetRetailer.com)
   “Since adding the Like button [one particular type
    of “share button”], their average order has
    increased by 50%!” (Social Media Examiner)


                                     The Share Widget   February 12, 2012   10
   "Fewer than half the largest sites on the Web
    offer any kind of social link at all on their
    front page and these sites represent a
    massive slice of Internet traffic on any given
    day. We would expect to see a land grab
    effort this year as plug-ins vie for placement
    on this very valuable Web real estate.“ - Jim
    Yu, CEO of BrightEdge
   Google Search
   Social Shopping
   Travel Sites


                                The Share Widget   February 12, 2012   11
   Principal and Founder of Awexome Labs - a consultancy specializing in the design
    and development of social media engagement and marketing products on the web
    and inside the world's largest social networks.
   Has managed and personally developed over 50 successful social media
    applications and campaigns, targeting a customer reach of over 10 Million.
   Prior to founding Awexome Labs, Colin was an early-stage employee at San
    Francisco startups Context Optional and Involver. From 2008 to 2010, he worked
    with Fortune 500 businesses and large brands to develop social media campaigns,
    reaching over 8 Million fans and users. Notable customers included Microsoft,
    Electronic Arts, McDonald’s, DIRECTV, Facebook, NBC Universal, and Safeway.
   Colin cut his teeth as a member of the CNET Networks Platform Infrastructure
    team, engineering tools used by engineers and producers throughout the
    company. Colin completed his B.S. in Computer Science at the University of
    Delaware in 2005, and has one year of graduate study in the field of Educational
    Technology under his belt.

   http://awexomelabs.com/                              http://mccolin.com/




                                                    The Share Widget   February 12, 2012   12
   Impact:
    ◦ “There's an obvious incentive for a user to share content
      on Facebook, as their friends will then see what they find
      interesting. There is, too, an obvious incentive to a
      publisher to include the Like button throughout their
      site, as it provides friend-to-friend recommendations
      and lots of interesting traffic, which leads to additional
      sales, advertising dollars, and more.”

    ◦ “Proper implementation of share buttons is no longer a
      nice to have addition, but is now a pre-requisite for
      designing engaging online content, particularly any
      content with business objectives.”

    ◦ “Every piece of content we read online now seems to ask
      the question: will you share me?"


                                        The Share Widget   February 12, 2012   13
   Development:
    ◦ A share widget's end-user experience may not change
      drastically, but the usefulness of the information from a "like" or
      "share" will continue to increase. Innovation in this area will be
      driven, in part, by the growing competition between the three
      major social networks: Facebook, Twitter, and Google+.

    ◦ “… a proliferation of more sharing opportunities, but also the
      debut of new and income-generating ways to use the
      preferences, likes, recommendations, and other information that
      has been collected from users since the launch of their share
      widget.”

    ◦ “On the company side, it will be important for companies to
      continue to make effective use of the like and share buttons
      across the social networks. They will also need to use the
      collected data for targeting and selling, and use the new sales
      avenues effectively.”



                                               The Share Widget   February 12, 2012   14
   Negatives:
    ◦ “Sites that have poor share strategies often present
      the user a barrage of share widgets on all sides of
      their content and at every turn. I believe, in
      time, we will see users become exhausted by this
      form of sharing proliferation, which presents itself
      as mostly "out to get the like," as opposed to
      offering a sharing feature beside compelling
      products and content.”
    ◦ “The most dangerous, but most business-
      compelling element of the share widget
      proliferation lies in the data collected about users
      by social networks and their partner sites.”


                                     The Share Widget   February 12, 2012   15
   “It's win-win, with a few caveats.”
       – Colin McCloskey, Founder and Principal of
     Awexome Labs




                                  The Share Widget   February 12, 2012   16
   Unknown. (2005, May). The 7 Things You Should Know About Social Bookmarking.
    Retrieved from Educause Learning Initiative:
    http://net.educause.edu/ir/library/pdf/ELI7001.pdf
   Unknown. (2011, September 13). Sites See Results from Social Sharing Buttons.
    Retrieved from EMarketer Digital Intelligence:
    http://www.emarketer.com/Article.aspx?R=1008586
   O'Dell, J. (2011, January 12). Are We Too Obsessed with Facebook (Infographic).
    Retrieved from Mashable Social Media:
    http://mashable.com/2011/01/12/obsessed-with-facebook-infographic/
   Duerson, M. H. (2012, February 3). Facebook's $5 billion IPO is banked on your
    private data -- and you get nothing. Retrieved from NY Daily News:
    http://www.nydailynews.com/news/facebook-5-billion-ipo-banked-private-
    data-article-1.1016946
   Porterfield, A. (2011, April 12). 9 Companies Doing Social Media Right and Why.
    Retrieved from Social Media Examiner: http://www.socialmediaexaminer.com/9-
    companies-doing-social-media-right-and-why/
   Stambor, Z. (2011, May 1). The New Mass Medium. Retrieved from Internet
    Retailer: http://www.internetretailer.com/2011/05/01/new-mass-medium?p=2
   BrightEdge. (2011, July 8). BrightEdge Social Share Analysis of Top 10,000 Sites.
    Retrieved from BrightEdge: http://www.brightedge.com/2011-07-08-brightedge-
    socialshare




                                                     The Share Widget   February 12, 2012   17

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Trend assessment - Share Widget

  • 1. By: David Stein MKTG 7546 – Professor Brey The Share Widget February 12, 2012 1
  • 2. Emergence Prevalence Relevance Implications Case Studies Potential Application Interview with Colin McCloskey The Share Widget February 12, 2012 2
  • 3. Social Bookmarking ◦ “the practice of saving bookmarks to a public Web site and “tagging” them with keywords” (Educause)  Del.icio.us, Reddit, Stumbleupon  Facebook  Twitter  LinkedIn The Share Widget February 12, 2012 3
  • 4. Every 20 minutes over 1Million “likes” are uploaded to Facebook (SocialHype)  Users generate an average of 2.7 Billion “likes” and “comments” per day. (NY Daily News) The Share Widget February 12, 2012 4
  • 5. Ease of use  Access to information  Access to entertainment  Shrinks the world The Share Widget February 12, 2012 5
  • 6. Ease of Use  Relevance of content  Network effect  Value Add  Data Mining The Share Widget February 12, 2012 6
  • 7. Ease of use  Allows users to share your content AND remain on your website  Word of mouth/referential marketing  Data Mining The Share Widget February 12, 2012 7
  • 8. Enhanced: ◦ Accessibility ◦ Relationships ◦ Business/customer knowledge ◦ Revenue streams ◦ PURCHASES and SALES  Decreased ◦ Privacy ◦ Anonymity ◦ Individuality The Share Widget February 12, 2012 8
  • 9. Statistics as of around March 2011 ◦ LinkedIn – 100 million registered users ◦ Facebook – 620 million registered users ◦ Twitter – 175 million registered users ◦ LinkedIn – 1.5 click backs ◦ Facebook – 1.7 click backs ◦ Twitter – 1.1 click backs  LinkedIn success – Niche, Professional, Valuable The Share Widget February 12, 2012 9
  • 10. Named one of 9 companies doing social media right by Social Media Examiner.  “I want, and our members want, recommendations from like-minded people and that's what the Like button gives them." He added, "Most people have friends who have similar interests, so when they see that their friend likes a particular product it has a real impact.” - CEO Randall Weidberg (InternetRetailer.com)  “Since adding the Like button [one particular type of “share button”], their average order has increased by 50%!” (Social Media Examiner) The Share Widget February 12, 2012 10
  • 11. "Fewer than half the largest sites on the Web offer any kind of social link at all on their front page and these sites represent a massive slice of Internet traffic on any given day. We would expect to see a land grab effort this year as plug-ins vie for placement on this very valuable Web real estate.“ - Jim Yu, CEO of BrightEdge  Google Search  Social Shopping  Travel Sites The Share Widget February 12, 2012 11
  • 12. Principal and Founder of Awexome Labs - a consultancy specializing in the design and development of social media engagement and marketing products on the web and inside the world's largest social networks.  Has managed and personally developed over 50 successful social media applications and campaigns, targeting a customer reach of over 10 Million.  Prior to founding Awexome Labs, Colin was an early-stage employee at San Francisco startups Context Optional and Involver. From 2008 to 2010, he worked with Fortune 500 businesses and large brands to develop social media campaigns, reaching over 8 Million fans and users. Notable customers included Microsoft, Electronic Arts, McDonald’s, DIRECTV, Facebook, NBC Universal, and Safeway.  Colin cut his teeth as a member of the CNET Networks Platform Infrastructure team, engineering tools used by engineers and producers throughout the company. Colin completed his B.S. in Computer Science at the University of Delaware in 2005, and has one year of graduate study in the field of Educational Technology under his belt.  http://awexomelabs.com/ http://mccolin.com/ The Share Widget February 12, 2012 12
  • 13. Impact: ◦ “There's an obvious incentive for a user to share content on Facebook, as their friends will then see what they find interesting. There is, too, an obvious incentive to a publisher to include the Like button throughout their site, as it provides friend-to-friend recommendations and lots of interesting traffic, which leads to additional sales, advertising dollars, and more.” ◦ “Proper implementation of share buttons is no longer a nice to have addition, but is now a pre-requisite for designing engaging online content, particularly any content with business objectives.” ◦ “Every piece of content we read online now seems to ask the question: will you share me?" The Share Widget February 12, 2012 13
  • 14. Development: ◦ A share widget's end-user experience may not change drastically, but the usefulness of the information from a "like" or "share" will continue to increase. Innovation in this area will be driven, in part, by the growing competition between the three major social networks: Facebook, Twitter, and Google+. ◦ “… a proliferation of more sharing opportunities, but also the debut of new and income-generating ways to use the preferences, likes, recommendations, and other information that has been collected from users since the launch of their share widget.” ◦ “On the company side, it will be important for companies to continue to make effective use of the like and share buttons across the social networks. They will also need to use the collected data for targeting and selling, and use the new sales avenues effectively.” The Share Widget February 12, 2012 14
  • 15. Negatives: ◦ “Sites that have poor share strategies often present the user a barrage of share widgets on all sides of their content and at every turn. I believe, in time, we will see users become exhausted by this form of sharing proliferation, which presents itself as mostly "out to get the like," as opposed to offering a sharing feature beside compelling products and content.” ◦ “The most dangerous, but most business- compelling element of the share widget proliferation lies in the data collected about users by social networks and their partner sites.” The Share Widget February 12, 2012 15
  • 16. “It's win-win, with a few caveats.” – Colin McCloskey, Founder and Principal of Awexome Labs The Share Widget February 12, 2012 16
  • 17. Unknown. (2005, May). The 7 Things You Should Know About Social Bookmarking. Retrieved from Educause Learning Initiative: http://net.educause.edu/ir/library/pdf/ELI7001.pdf  Unknown. (2011, September 13). Sites See Results from Social Sharing Buttons. Retrieved from EMarketer Digital Intelligence: http://www.emarketer.com/Article.aspx?R=1008586  O'Dell, J. (2011, January 12). Are We Too Obsessed with Facebook (Infographic). Retrieved from Mashable Social Media: http://mashable.com/2011/01/12/obsessed-with-facebook-infographic/  Duerson, M. H. (2012, February 3). Facebook's $5 billion IPO is banked on your private data -- and you get nothing. Retrieved from NY Daily News: http://www.nydailynews.com/news/facebook-5-billion-ipo-banked-private- data-article-1.1016946  Porterfield, A. (2011, April 12). 9 Companies Doing Social Media Right and Why. Retrieved from Social Media Examiner: http://www.socialmediaexaminer.com/9- companies-doing-social-media-right-and-why/  Stambor, Z. (2011, May 1). The New Mass Medium. Retrieved from Internet Retailer: http://www.internetretailer.com/2011/05/01/new-mass-medium?p=2  BrightEdge. (2011, July 8). BrightEdge Social Share Analysis of Top 10,000 Sites. Retrieved from BrightEdge: http://www.brightedge.com/2011-07-08-brightedge- socialshare The Share Widget February 12, 2012 17