Wednesday, August 08, 2007

Facebook: Where socializing and monetizing collide

Marketplace.org aired a piece yesterday on how Facebook and Buy.com banded together to provide a new service called Garage Sale - a service that allows people to buy and sell their stuff from their Facebook profile pages. The move is yet another example of a growing trend where the online worlds of socializing and consumerism are merging together. I think these developments will change people's expectations about having product and service providers in online networks since now members are becoming the marketers. The Buy.com Chief Executive states,

"We see tremendous growth opportunities in providing the millions of users on business and social networks with an alternative to eBay, and the ability to transform their personal profile pages beyond information-sharing."
Perhaps the changes will also make reluctant librarians more comfortable promoting their services through social networking sites. Whatever the case, if Facebook is part of your library marketing strategy, these changes are good to know.

[Also see an article from WebProNews about Garage Sale.]

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