If you haven't already read it, get thee over to
synecdochic's fascinating series on "Why Monetizing Social Media Through Advertising Is Doomed To Failure." Part one is
here, part two is
here, and part three is
here. Great stuff, from
one who would knowTo lift one tiny bit out of a set of posts that makes a much larger point, though, I have to say that I'm
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-J
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if the analysis is correct, many social media sites have a gloomy future... i wonder how this will affect my interaction with the web in the next five years.
what're your current thoughts about Dreamwidth Studios? do you think it's likely that you'll jump ship from LJ?
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That's an excellent question! Really, it depends on you people. I'll keep my account here because I have a permanent account, so, hell, why not? But if most of the people I actually interact with here migrate over there, I probably will, too. I'm a sheep that way.
I will almost certainly get an account there and give them some money, though, regardless of how often I end up using the service. They're smart and sensible people, and they deserve my support.
-J
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you know that i got an LJ account mostly cuz i wanted to read your journal, right? therefore,
I will almost certainly get an account there and give them some money, though, regardless of how often I end up using the service.
suggests that i may well do so too...
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The thing is, every social media site's userbase-created social economy works differently. Every site's culture has built a differing set of social expectations and reward expectations. What works for one site won't work for another; the social economy that's been created on Facebook, for instance, is drastically different from the economy that's been created on LiveJournal. Every site's userbase creates its own definitions of reward.Actually, I think Facebook is kind of both, though. LinkedIn.com would be pure social network. I go there only every few months. This is probably also because I've viewed LinkedIn as a purely business networking site, too - I use my real name, the information is somewhere between a resume and business card and people I add as contacts don't require I high level of trust. They're someone I know, but I don't have to trust them with details like my political opinion or photos of parties. And Livejournal would be purely social media ( ... )
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Let's try for an example, in the hopes it might help anyone who's confused: MySpace, Facebook, and LinkedIn are social networks with social media features grafted onto them. LiveJournal, YouTube, and DeviantArt are social media sites with social networking features grafted onto them.
-J
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Also, I can't think of any social media features grafted onto LinkedIn. There's no content creation beyond mere identification.
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One of the reasons there aren't more pure examples, incidentally, is because people see what works and try to mimic it. So even if you start in one direction, when social media becomes the hot thing, you start adding those features to your product. Which is why Twitter clones are popping up everywhere now.
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-J
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