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Meme Moy: October 2008 Archives

B2B Marketers to Increase Internet Spending in 2009

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SHANGHAI, CHINA - NOVEMBER 17: (CHINA OUT) Vis...

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According to a study by Duke University's Fuqua School of Business and commissioned by the American Marketing Association, B2B marketers are set to increase their (marketing) spending on the Internet. eMarketer talks extensively about the results of this study in "B2B Marketers Ready to Spend Online"

B2B services marketers surveyed said they would bump up their Internet marketing spending by nearly 18%, compared with less than 6% for traditional marketing. B2B product marketers planned to be even more conservative, increasing Internet marketing by less than 13% and traditional marketing by less than 2%.

"B2B marketers are increasing their online spending, particularly for customer acquisition, because they can measure it and determine quickly whether it is working," said Carol Krol, senior analyst at eMarketer. "In an age of heightened accountability, the ability to measure is critical. "They are also simply following customers," Ms. Krol said. "Their customers are researching and evaluating products and services online, particularly in the early phases of the purchasing cycle, so it makes sense to be where they are congregating." 

Economic upheavals aside (although this study was done in July before the September bailout ordeal) , businesses still need to protect their brand, reach out to their market, and continuously "oil" their marketing machine. What tightening belts imply is that there is a stronger need now more than ever to justify costs while increasing positive outcomes, right now. The Web is a big part of that equation. 

Another study has recently come to our attention which may be of interest to the global Internet business -- seomoz gives a really good summary of that report (which you can find here) in China: Ten Things You Should Know About An Online Superpower. Needless to say -- the message is that China is and is going to continue to be a major Web player/market. Politics may come into play, but burgeoning economic growth and a resurgent capitalistic mentality may just give Internet growth in China a life of its own. It will be interesting to see how "open" the China Internet market is to businesses outside of their country.


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Happy 10th Birthday Google

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Hard to believe that Google just celebrated their 10th year on September 27th.  I guess in my mind 10th Anniversaries are reserved for old-school businesses that start placing qualifiers under their brand name like a highly curlicued - "Established 1899."  Google has aged well - considering a business that is ruled by twenty-somethings and count millions upon millions of people as daily users - 10 is the new 100 - at least in the internet world. 


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I figure this is a good a time as any to take a step back and take a little refresher on the basics of Google. 


How do people use Google? 

Beyond the obvious, Google compiled both video and written stories in commemoration of their 10th Anniversary -- reading through the comments you do get a feel for how integrated Google and "googling" has become in people's lives.   A business utilizing google for advertising would do well to read through some of the first hand accounts to gather insights on their potential market/s and how they use Google in their daily lives. 


Did you know?

Users can restrict their searches for content in 35 non-English languages, including Chinese, Greek, Icelandic, Hebrew, Hungarian and Estonian. To date, no requests have been received from beyond the earth's orbit, but Google has a Klingon interface just in case. Google has more interesting factoids in their page called fun facts


How does it work?

Here it is according to google:

The software behind our search technology conducts a series of simultaneous calculations requiring only a fraction of a second. Traditional search engines rely heavily on how often a word appears on a web page. We use more than 200 signals, including our patented PageRankā„¢ algorithm, to examine the entire link structure of the web and determine which pages are most important. We then conduct hypertext-matching analysis to determine which pages are relevant to the specific search being conducted. By combining overall importance and query-specific relevance, we're able to put the most relevant and reliable results first.


Google's Next Steps

Not to bore you with too many details-- BBC can do it for me with their pretty in-depth analysis of "Google at 10"  Tim Weber talks about Google's expansion as well as future plans that are in the works--

The company's next steps are already mapped. This week it launched its very own internet browser, called Chrome. Today's browsers were built to show web pages, says Google, not to be platforms for complex applications. Chrome promises to bring stability to our online experience - and the more computing happens on the internet, the more information Google can gather.

Coming shortly is an even more important piece of software called Android, Google's (Linux-based) operating system for internet-enabled telephones.

Google makes the same business case as for Chrome: today's smart phones were not designed for the mobile internet, so Google steps into the breach.


One thing is certain, Google after 10 years is now indelibly a part of our internet economic and social landscape - but time will tell, given the turbulence and unpredictability of the web-world, if they will be able to continue their evolution as they balance corporate growth and technological relevance. 

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About this Archive

This page is a archive of recent entries written by Meme Moy in October 2008.

Meme Moy: March 2008 is the previous archive.

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