Infoserve Group

Whilst Twitter is taking the world by storm, and is the hottest topic on most people’s lips at the moment, whether - and how - we can ever “successfully monetise” social networking sites is the million dollar question. Literally.

I think this is one of the best explanations I’ve read recently about how powerful Twitter could be:

“Over the last couple months we have heard many different ideas on how Twitter can successfully monetise their surge in popularity, growing user base, and overall traffic. The ideas range from charging for an account, charging for premium accounts, simply adding Adsense, and the list goes on. What we haven’t heard is how Twitter could add local search into their business model, monetise it successfully, and create more user generated content.” [local search news]

What do you think? It seems wherever I turn at the moment, it’s Twitter this and Facebook that, but how can businesses ever judge the real effectiveness of an online presence?

Increased sales? Maybe. The usual indicator of a successful online campaign - measurable results from advertising - seems to fall a long way short on social network sites.

I’ve posted before about how effective social networking can be for businesses and I still not convinced how far it can go. After all, we aren’t there to search for something but be sociable, aren’t we? Will we ever find a way to engage with businesses and measure success via Twitter and Facebook the way we do through search engine advertising?

Yet again Hitwise has come up trumps with some excellent stats demonstrating the power of search engine optimisation and advertising.

The new evidence shows that search engines drive almost half of all traffic to websites. It found search traffic rose from 37.1% of total traffic in January 2008 to 40.5% in January 2009.

For businesses, this is worth its weight in gold for anyone contemplating either the first, or the next, step of their online marketing campaign. It’s simple - reap the rewards by making sure you can be found easily on search engine results.

It’s also interesting to read this evaluation here, which begins to make the comparison with the social media phenomenon. There’s still a long way to go before social networks dominate the way we look for services and information, so despite the flurry of expectation, one thing remains clear: search engines continue to reign supreme.