BizReport

RSS feed Get our RSS feed

News by Topic




BizReport : Social Marketing : August 29, 2011


IZEA: More marketers paying for social media mentions

Over half of marketers have admitted to giving a social media publishers a reward of some type in the expectation their brand or company will be mentioned on that publisher's social network, according to the findings of a survey by social media sponsorship (SMS) specialists IZEA.

by Helen Leggatt

izea-logo.thumbnail.jpgPaying for mentions in social media has become popular, so popular that in 2009 the U.S. Federal Trade Commission issued regulations requiring bloggers and certain other online publishers are upfront and transparent when they receive cash, free products or other compensation for a product or brand mention.

Almost two-thirds (62.8%) of publishers declared they had received compensation for a post, or series of posts, in IZEA's 2011 State of Social Media Sponsorship (SMS) Report compared with 57.6% last year. Meanwhile over half (51.5%) of marketers said they had paid, in some form, for a mention in social media.

"From our report, we see that advertisers are consistently looking for top content, and are willing to pay more to bloggers or Tweeters who use that content to engage a quality audience," said Ted Murphy, CEO of IZEA.

"And for the content publishers, they are clamoring to work with the top advertising brands, and will actually accept reduced payments in order to gain the prestige that can come from identification with those brands."

Publishers were also asked if they currently monetize social media efforts through any means, with the vast majority (91.1%) answering "I do or would do", compared to 88.4% in 2010.






Tags: blogging, online publishing, paid ads, paid sponsorship, SMS, social media, social media sponsorship








Subscribe to BizReport



  • I think it's okay for companies to pay for blog reviews, but only sparingly. When someone reads a paid review, they take it with a grain of salt. Is the blogger being totally fair in the review or are they softening it because they got paid? Paid blog reviews or social media mentions are good for promotion, not for link building.





http://www.bizreport.com/2011/08/izea-more-marketers-paying-for-social-media-mentions.html

 

 

Copyright © 1999- BizReport. All rights reserved.
Republication or redistribution of BizReport content is expressly prohibited without the prior written consent.
BizReport shall not be liable for any errors in the content, or for any actions taken in reliance thereon.