Notes on Charlene Li's Future of Social Networks SF AMA talk

Last night I went to an interesting talk by Charlene Li at the SF American Marketing Association -here are my twittered notes. See also, Charlene's slides.

says @charleneli: Theme is "social networks will be like air" - her better phrasing of my "Social Cloud" idea
says @charleneli: in future we'll say "wasn't it quaint that we had to go someplace to be with our friends"
says @charleneli: "I want Amazon to have a 'friend's reviews button on there - or anywhere else they could be"
says @charleneli: we'll have a feed of the presedential debates with our friends tweets on - like I did in 2004: http://bit.ly/IRCdebate
says @charleneli: universal login with OpenID lets you tie your IDs together, and sites can import friends from your networks
says @charleneli: I had to friend my co-author Josh 35 different times on different sites - Portable Contacts should save us from this pain
says @charleneli: Profiles where they are useful - eg LinkedIn profiles showing up in Lotus Notes via email
says @charleneli: your friends activities in context with GetGlue.com's plugin - Iron Man wikipedia page and IMDB page shows friends reviews
says @charleneli: 2 sets of standards exist Facebook's own protocols and the OpenStack backed by Google, MySpace, Plaxo, Yahoo and more
says @charleneli: advertising has evolved - content targetting for demographics; Search marketing for intent; behavioural targetting
says @charleneli: how many of you have gone to a social network site and remember seeing an Ad? or clicked on one?
says @charleneli: Who wants to be a fan of FiberOne on Facebook?
says @charleneli: people want to tell each other about things they care about - need new ads for this
says @charleneli: examples of new Ad types - branded virtual gifts, shown to you as your friends gave or received them
says @charleneli: SocialVibe has profile sponsorships that donate to your favourite charity eg colgate ad to leukemia
says @charleneli: the Tipping Point argued that there are influencers that can make a product go viral [I disagree see http://bit.ly/watts ]
says @charleneli: social graphs and interests, culture of sharing and online and email behaviour can create context for ads
says @charleneli: vendors who identify influencers include 33across, lotame, media6 degrees, unbound technologies
says @charleneli: network neighbourhood modelling in interesting - homophily is a good predictor for clusters - you are like your friends
says @charleneli: Google tracks who I email most - very useful to me: "In Google I Trust" http://bit.ly/BtvV
says @charleneli: Media6 identifies you by profiles you view on SNSs - shows ads to your friends based on your purchases
says @charleneli: Media6 gets 3-7x increase in response rates on banner ads through this homophilic targetting - no PII involved
says @charleneli: Influencer strategies are a misnomer, btu clustering works
says @charleneli: People will demand greater contol over when, where, how profiles + friends are used. Detailed permissions - a UX nightmare
says @charleneli: remember when people didn't trust callerID? Now if you turn it off, people won't take your call
says @charleneli: setting up lists of who can see your pictures is a pain - have to categorize people - reclassifying is hard
says @charleneli: there's a need to better articulate and detect sub-groups of friends so this is less of a chore
I pointed out the power of asymmetric friending eg http://bit.ly/publics and @charleneli and audience agreed that it reduces awkwardness
says @charleneli: people will pay real money for virtual gifts
[ChrisSaad @kevinmarks asymmetic is good, the term friending is not great. I prefer follow or subscribe ]
@ChrisSaad agreed "following" is a better term for this
Audience: when will people profit from us using their profiles? @charleneli says we all have our own CPMs
[clynetic @kevinmarks What is CPM?]
@clynetic CPM is marketingspeak for 'cost per thousand' - I suppose CPA ( cost per action) is better
says @charleneli: don't give up your social capital for short term gain me: don't be the Amway guy at the party
says @charleneli: behavioural targetting is often faulty, as behaviours change
says @charleneli: social media advertising experiments are waiting for turnaround
says @charleneli: GYM (Hotmail for M) will test social media integration with webmail
says @charleneli: Facebook Connect and Open Stack gaining traction with media co's
says @charleneli: Social shopping experiments start - we want our friends recommendations
says @charleneli: identify where social network data and content shoudl be integrated in your sites
says @charleneli: leverage existing identity and social graphs where your audience is
says @charleneli: get your privacy and permission policies aligned with an open strategy
says @charleneli: find your trust agents - in google I trust? do you trust facebook?
says @charleneli: the media buyers are still trying to buy demographics or content, not better targetting