In a free-wheeling conversation, ibibo’s spearhead talks about the growing dominance of social networks in the ad world…
How has social networking evolved over the past few years?
In context to India, we see that social networking is being
embraced aggressively by the young population from tier-II and small cities. These young people have a very big need to reach out – to express themselves. They want to build new social graphs and new connections. The other trend is the emergence of niche social marketing
But still, we don’t see youth-oriented ads on social networks?
It’s an evolving phenomenon. We are seeing growth coming from younger audience in non-metro areas. But brands need to be educated on Internet media and social media. Social media platform cannot be used in the way you advertise on a portal or search engine. Social media marketing can only be done by engaging the audience. This is only possible by developing products and applications that can track the audience. Since it’s a new trend therefore marketers needs to be educated in an effective way. We see this as a positive trend, as companies are realising the potential and have started embracing social media. ibibo has just launched a very impressive social media campaign along with Kwality Walls.
ibibo is doing two campaigns with MTV. Who, at the end of the day will be benefited more out of it?
When we associated with MTV, our objective was to build a reach for our product. The core philosophy of our product is to enable the talent and expression of young users.
Where do you plan to focus more?
Our long term growth will come from the 15-24 year age group from smaller and tier-II cities. That will be the main thrust of our business. We already have seven million registered users.
How do you plan to capitalise on growing advertisers’ interest?
We are providing advertisers a platform where they can develop applications and get engaged with the youth.
Do you focus more on the number of users of ibibo, or on the time spent by existing users on ibibo?
Our focus is on active users and time spent on the platform. We don’t want users who register, but are not active.
A lot of companies like MTV are using the social networking sites to increase their popularity. Will this trend continue in future as well?
Brands and companies have started seeing the value that this medium brings to their marketing solution. But a lot still needs to be done to make brands realise the humungous value of social networking as a marketing tool.
The popularity of professional networking sites is also on the rise. What’s your take on that?
Professional networking is an important niche, though it is not as broad as social networking. ibibo as a company is not going to get into professional networking. We will continue to be based on talent and entertainment social networking.
Is there a scope for more niches in the social networking arena?
Oh yes, there is a lot of scope for development of niches. But ibibo will continue focusing on entertainment and talent based social marketing. Our strong focus right now is to develop a family based social networking site called Onefamily.com.
What are the main sources of your revenue?
Presently advertising is the main source of our revenue. But in the long run we aim to generate revenue through other value added services.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
How has social networking evolved over the past few years?
In context to India, we see that social networking is being
embraced aggressively by the young population from tier-II and small cities. These young people have a very big need to reach out – to express themselves. They want to build new social graphs and new connections. The other trend is the emergence of niche social marketingBut still, we don’t see youth-oriented ads on social networks?
It’s an evolving phenomenon. We are seeing growth coming from younger audience in non-metro areas. But brands need to be educated on Internet media and social media. Social media platform cannot be used in the way you advertise on a portal or search engine. Social media marketing can only be done by engaging the audience. This is only possible by developing products and applications that can track the audience. Since it’s a new trend therefore marketers needs to be educated in an effective way. We see this as a positive trend, as companies are realising the potential and have started embracing social media. ibibo has just launched a very impressive social media campaign along with Kwality Walls.
ibibo is doing two campaigns with MTV. Who, at the end of the day will be benefited more out of it?
When we associated with MTV, our objective was to build a reach for our product. The core philosophy of our product is to enable the talent and expression of young users.
Where do you plan to focus more?
Our long term growth will come from the 15-24 year age group from smaller and tier-II cities. That will be the main thrust of our business. We already have seven million registered users.
How do you plan to capitalise on growing advertisers’ interest?
We are providing advertisers a platform where they can develop applications and get engaged with the youth.
Do you focus more on the number of users of ibibo, or on the time spent by existing users on ibibo?
Our focus is on active users and time spent on the platform. We don’t want users who register, but are not active.
A lot of companies like MTV are using the social networking sites to increase their popularity. Will this trend continue in future as well?
Brands and companies have started seeing the value that this medium brings to their marketing solution. But a lot still needs to be done to make brands realise the humungous value of social networking as a marketing tool.
The popularity of professional networking sites is also on the rise. What’s your take on that?
Professional networking is an important niche, though it is not as broad as social networking. ibibo as a company is not going to get into professional networking. We will continue to be based on talent and entertainment social networking.
Is there a scope for more niches in the social networking arena?
Oh yes, there is a lot of scope for development of niches. But ibibo will continue focusing on entertainment and talent based social marketing. Our strong focus right now is to develop a family based social networking site called Onefamily.com.
What are the main sources of your revenue?
Presently advertising is the main source of our revenue. But in the long run we aim to generate revenue through other value added services.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
IIPM ranked ahead of IIMs
rst! Those who believe that the Indian marketer may not be as excited as his global counterpart over the potential that social networking brings to his table, needs to take a cold shower. Internet penetration may be absymal, but popularity of social networking portals among the youth is prompting companies to log in and gain not just crucial consumer insights, but also understand what their employees are either cribbing or going ga-ga about and even to track competition. The numbers are also promising. India Online Report tags the Internet population in the nation at over 49 million, with nearly 77% of them in the 15-34 age group. From aviation czar Jet Airways to desi food giant Nirula’s to youth channel MTV to even FMCG giants like HUL, marketers across the board are climbing the online bus, buzzing with the social marketing fever...
could now spare some time contemplating as to what name is best suited for the entity formed by their merger. The duo earned a breather when the proposed merger, worth a sterling $28.1 billion, which was until now held back by Department of Justice (DoJ) and the Federal Communications Commission (FCC), finally got a total clearance on November 4. The deal was struggling to get past the regulatory nod since June 2008 (when Verizon made its first attempt to acquire Alltel). But was the wait worth it?
friend? Confused?! Certainly the fight has always been on (and will continue forever) when it comes to choose between the two. However, there are some that seems to have come upon a decision – of course that’s not girls – and have finally placed their bet on one! Well, those weary souls happen to be none other than stock market investors, to be precise the retail investors.
the whole concept of hijab, without knowing its true meaning. I was born in a modern Muslim family, which fasted in the month of Ramadan and prayed three times a day instead of five. Being brought up in this environment and going to a Catholic school and college, my understanding of Islam and its beliefs was very poor. I was practicing more of a Catholic way of life rather than Islamic.
he gets completely absorbed into the classroom discussion that revolves around the subject of Wazu (ablution) that is performed before Namaz. The topic of discussion: in case a dog fell into a well and died, how many buckets of water are to be drawn to make it pure and worthy of ablution. Then there is the debate about the dispute among the great imams of various schools of thought on the number of the buckets of water to be drawn from the well to make it pure and the debate on the subject goes on for weeks. This scene is by no means exclusive to Ahmad’s Madrasa. In fact, this is the norm. Correctly defined, Madrasas are centres of higher Islamic learning for a large number of Muslims in India. Along with these Madrasas, there are a large number of Maktabs or primary schools attached to the mosques or run separately. In the 11th century, famous Persian Islamic philosopher Ibn Sina (known as Avicenna in the west) laid down the guidelines on what Maktabs should do in a chapter titled "Role of the teacher in training and upbringing of children”. Since then, this has acted as guide and philosopher to teachers working at Maktabs.