MySpace Tries To Solve The Ad Equation
Keeping in step with its biggest competitor, MySpace’s advertising platform has been expanded to allow advertisers to highly targeted banner ads on user-generated data.
Advertisers can target users based on information collected from their profiles pages and their actions on MySpace according to a report on reportonbusiness.com. There has also been a launch of a new service by MySpace that makes it easier for small businesses to advertise on the site.
Even though MySpace has more active users than its main rival Facebook, the site has been declining recently as Facebook has been growing. Travis Katz, international marketing director for MySpace was quoted in reportonbusiness.com to say “Our advertisers are seeing performance increases of more than 300% in terms of things like click-through versus ads that are targeted through demographics.”
The site has expanded its 10 enthusiast categories to over 100 interest-specific groups which it intends to extend to its international markets in 2008. Katz continued, “I have no doubt that the other social networks are thinking about trying to do the same thing, I just think we’re much further ahead in our thinking and in our ability to execute.”
Also, SelfServe is a new software platform by MySpace that will allow small businesses to create and upload their own banner ads to the site and track their progress.
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