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Month: May 2007

Social Network Marketing to Reach $2.5 Billion in 2011

Posted on May 10, 2007

EmarketerMARKET WIRE — May 9 — eMarketer has increased its estimate of US ad spending on social networks to $900 million in 2007 due to increased revenue projections for Facebook and additional spending on niche and marketer-sponsored social networks. Between 2007 and 2011, US ad spending on social networks will grow 180% to $2.5 billion. MySpace is estimated to generate $525 million in the US this year. Facebook is expected to generate $125 million. The two account for 72% of US social network ad spending in 2007 and 75% in 2008. FULL ARTICLE @ MARKET WIRE

This post also appears on SocialNeworkingWatch

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Muslim Cyber-Love

Posted on May 10, 2007

Arab_coupleJERUSALEM POST — May 9 — Qiran.com, arablounge.com, onlinearabia.net, misyar.com. A decade ago, dating sites were unheard of in conservative Arab and Muslim societies, where most marriages were arranged by parents. While gathering material on the Web for this article, I was approached on Skype by Ali, who was equipped with a Web-cam. "As a matter of fact, I prefer marrying someone outside of the kingdom, since then both the dowry demands and the wedding would be less expensive," he explained. The religious establishment sees these Web sites as another attempt to corrupt Muslim society. Numerous fatwas (religious edicts) were published against matchmaking Web sites, chatting with the opposite sex and any on-line interaction whatsoever for dating. In Egypt a man could be arrested and in Saudi Arabia even killed if accused of homosexual tendencies. In Saudi Arabia, polygamy is legal, weddings are expensive and the divorce rate is 30- 35%.

The full article was originally published at JPost, but is no longer available.

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Lavalife Moves to Connect Older Singles

Posted on May 10, 2007

Lavalife_logoOTTAWA CITIZEN — May 9 – Lavalife (1.2 million users) is testing (May23rd launch) lavalifeprime.com as a place for those 45+. "It's meant more for social networking (than dating), so if you want to meet someone in the same city who shares your interest in flower arranging or whatever, you can," said Lally Rementilla, VP of planning. "They may not necessarily be of the opposite gender. They may just be someone you can do things together with."

The full article was originally published at Ottawa Citizen, but is no longer available.

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Love at First Site

Posted on May 9, 2007

Lovescience_openSUN JOURNAL — May 6 — "Imagine if we could lower the divorce rate by 1 percent, all the lives that would be impacted by that," said Galen Buckwalter, a former professor of psychology who is eHarmony's VP R&D. It may take a generation to figure out whether any of the Web sites will succeed, but in the meantime they are collectively engaging in a social experiment of gargantuan size. Ultimately, they may prove whether or not science has a role in the most unscientific realm of all – love. Anthropologist Helen Fisher, scientific adviser to Chemistry.com, said psychologists have understood for years which relationships work and which ones don't. People who share culture, economic status, education and religion fare much better than people who are different. Fisher, a professor at Rutgers, thinks it's genetics. Genes for dopamine are associated with motivation and curiosity, genes for serotonin are linked to stability. Testosterone is related to drive and spatial abilities. She theorized that people have different levels of those body chemicals that put them into four broad personality types. The profile on Chemistry.com is designed to assign people to one of those four. PerfectMatch relies on a combination of similar and complementary traits to predict long-term compatibility, but not instant attraction. The Duet Compatibility Profiler focuses on eight personality characteristics, including romantic impulsivity, energy and outlook. Compatible couples should match on four of them. eHarmony based its matching system on what 5,000 happily married couples had to say about why their relationships withstood the test of time. eHarmony's system does not identify what he called "the click," the spark that leads to romance instead of friendship. They're working on it.

The full article was originally published at Sun Journal, but is no longer available.

Mark Brooks: A top 10 dating site will be launching a personality profiling system to rival Chemistry, PerfectMatch and eHarmony shortly. Email me at mark@onlinepersonalswatch.com for first notification. The announcement is on embargo.

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Hot or Not Tears Itself Apart, Reinvents

Posted on May 9, 2007

HotornotTECH CRUNCH — May 8 — Until last month, HotorNot was free until that last crucial stage when two people wanted to meet each other. At that point, one of the members (usually the man, Hong tells me) must have been a paid subscriber, which costs $6/month. Founder James Hong says their conversion rate was extremely high – 15% of active users eventually upgraded to premium accounts. The premium revenue, plus advertising and fees for virtual flowers topped $600,000 per month. Nearly all of that was profit for the two founders, who reportedly pocketed $20 million or so between them over the years. The company has never raised outside funding. Competitors have popped up (see yesnomayb) and free dating sites started to eat away at traffic. Hong and Young decided to remove the requirement for members to have premium accounts to talk to each other. A month ago, the requirement was turned off, and about $500k/month in revenue disappeared overnight. HotorNot is running on reserve cash of a few million dollars. Traffic jumped 60% – 10 million people visited the site in the last month, up from 6 million the month before. Advertising and virtual gift revenue spiked, and the site is now break even. FULL ARTICLE @ TECH CRUNCH

Mark Brooks: I think the founders are gunning for PlentyofFish.

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First Chinese “Dating Street”

Posted on May 9, 2007

Chinese_streetCHINA NEWS — May 8 — According to a report by Wuhan Morning Post, Wuhan has set up the first dating street in China. The service from shops on the street will be free of charge. Information of candidates will be put on bulletin boards along the street (300 candidates at a time). Those interested can fill in an interest card. 150 people have handed in their applications, most being in their 30s, including college teachers, scientists and public servants. Interestingly, there are more women candidates than men. Wuhan is planning to set up another 4 to 9 dating streets like this one in the next 12 months.
FULL ARTICLE @ CHINA DAILY

Mark Brooks: The Asian Internet Dating Conference is coming up on May 17th-18th.

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Online Newspapers: Hot Or Not?

Posted on May 9, 2007

NaaSEARCH VIEWS — May 8 — The Newspaper Association of America has just released a report boasting that online news sites are growing at twice the rate of the normal web. 12% of all visitors to a newspaper web site make over $150k, compared with 9.3% of the overall internet audience. 73% of newspaper website visitors go online every day, vs. only 57% of the internet population. Nielsen also reported this year that the online dating space grew about 16%, more than the newspaper category's 5.3%.

The full article was originally published at Search Views, but is no longer available.

Mark Brooks: Newspapers are scrambling for higher ground on the web. Some will thrive, some will die, slowly and painfully. Newspapers need to squeeze out every ounce of profitability from their websites, and seek out partnerships with the top internet dating outfits and/or white label/cobrand services. I'm conducting a review of white label services. Watch this space. Email me at mark@onlinepersonalswatch.com if you'd like an early copy.

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Bharatmatrimony Group Bags PC World Web Award

Posted on May 8, 2007

BharatlogoPC WORLD — May 8 — BharatMatrimony ranked as the best website for its overall performance in the Matrimony space. PC World recently conducted a research on 126 online Indian companies from various categories. The awards were based on the sites design, usability, technology usage, navigation, framework of the site, interface, user experience, error handling and security. “BharatMatrimony uses lot of visual aids and perfect eye friendly color combinations which makes the layout of the site attractive. The other award winning websites include Yahoo! Games, FutureBazaar for Shopping, Gmail for E-mails, Yahoo for Portals, MonsterIndia for Jobs, and Orkut for social networking. See PC World.

The full article was originally published at PC World, but is no longer available.

Mark Brooks: BharatMatrimony competes with Shaadi in India. They are the leading matrimonials sites.

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Fotolog to Go Live with AOL’s Userplane

Posted on May 7, 2007

UserplaneBUSINESS WIRE — May 7 — Fotolog photo-blogging community, and AOL's Userplane, a Web communications pioneer, announced that Fotolog will integrate the full set of Userplane's Web communications (chat, instant messaging and video messaging) and advertising tool. The two companies will share advertising revenues generated by the use of these products, monetizing Fotolog's member base of seven million. More than 150,000 online communities, from MySpace to the tiniest niche sites, deploy Userplane's Web-based communication tools; free, private-label chat, IM, interactive games and voice/video streaming. Userplane serves 1 billion ads per month and is planning to roll out an advertising revenue-sharing program later this quarter. 

The full article was originally published at Broadcast Newsroom, but is no longer available.

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IAC Reports 10% Revenue Boost in Q1

Posted on May 7, 2007

Asklogo13518BIZ REPORT — May 7 — Online hubs Ask.com, CitySearch and Match.com helped boost IAC's Q1 revenue 10%. Revenue reached $1.6 billion in Q1 as the company launched a huge campaign to promote the Ask.com hub. FULL ARTICLE @ BIZ REPORT

Mark Brooks: Match revenue is up 12% to $82.4 million for Q1 due to US price increases and a 1% worldwide rise in membership. Most of the growth came from abroad. Marketing costs are up, but other costs are down. International growth was 13%. Operating income is up 306% to $8.2 million. Match has tightened its belt, pushed a higher % of its budget to marketing spends, and is being more aggressive and edgy with its messaging. i.e. Chemistry.com ads, Match ads on MySpace. So far its working.

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