Skip to main content

Big gap in social networking site audience

Much has been made about the seeming difficulty of monetizing many of the social networking sites like MySpace and Facebook.

I just came across an article that sheds some light on the subject at eMarketer. The article, titled Baby Boomers and Social Networking, describes the results of a study by ExactTarget. The study reveals that the baby boomers are not particularly fond of social networking sites. For example, only 13% of 55 to 64 year-olds used social networking sites.

Why is this important? A bank robber was once asked why he robbed banks. He replied "because that's where the money is." Well, it's the baby boomers who are most affluent compared to the younger cohorts of social networking site users. This is especially true with respect to the youngest users in middle school, high school and college. It is only reasonable to assume that monetization will lag if the segment of the online audience with the most money to spend stays away.

This gap in the audience for social networking sites may not be so easy to fill. Generational differences in preferences may mean that the typical social networking by definition has little appeal to baby boomers. The sites may do better by focusing on more precise targeting of ads in order to separate users from what little money they do have.

Comments

Anonymous said…
True, and an interesting statistic. However, I would imagine quite a bit of money flows to the young users from their non-tech parents...

Maybe a social networking site for senior citizens is the next great money making idea..

Popular posts from this blog

Trade Radar gets another update

Some of our data sources changed again and it impacted our ability to load fundamental/financial data. In response, we are rolling out a new version of the software: 7.1.24 The data sourcing issues are fixed and some dead links in the Chart menu were removed. So whether you are a registered user or someone engaged in the free trial, head over to our update page and download the latest version. The update page is here:   https://tradingstockalerts.com/software/downloadpatch Contact us if you have questions or identify any new issues.

Unlock Stock Market Profits - Key #4

This is the fourth article in a series of posts describing 10 tools to help you identify and evaluate good investing ideas. It is based on a post that provides a summary of the ten keys that individual investors should use to identify profitable stock trades. ( Click here to read the original post ) With this fourth post, we will continue another step along the path of finding stocks that seem to have some potential. The first post in the series discussed how to use unusual activity to identify investing ideas. The second post described how to use stock screeners. The third post described how to use lists of new highs and new lows. This post will focus on identifying social or business trends in order to find investing ideas. Information on new trends might turn up anywhere. In conversation with friends or business associates, in newspapers or magazines, on TV or though your work. The key is to be aware of trends and how they start, stop or change. We'll start by describing what...

Business Intelligence consolidation - who's next?

We have seen a consolidation wave begin in the Business Intelligence space. IBM just bought Cognos and Oracle recently bought Hyperion. SAP just announced they are buying Business Objects after barely having time to digest their recent acquisition of Pilot Software. There are three major database vendors at this time: IBM with their DB2 product, Oracle with their flagship Oracle database and Microsoft with their SQL Server database. IBM and Oracle now have premier, industrial-strength data analysis and reporting products in their product portfolios that complement their core database products. Microsoft has what, Excel? Actually, Microsoft, like IBM and Oracle, has a suite of proprietary tools that do happen to integrate very well with Excel and SQL Server. Still, IT departments are not deploying the Microsoft tools for heavy-duty corporate use. Microsoft is unique among the big three by their lack of a premier reporting product. It seems safe to assume that Microsoft will be the next...