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At age five most kids can hop, skip and tie their shoes without help. Google Code turns five this week, and while we’re still working on the shoelaces thing, we’ve grown from a simple site for hosting a couple of APIs into a destination for developers to prototype their ideas in a Code Playground, host all kinds of open source projects and find out about our growing family of APIs and products like App Engine, Google Web Toolkit and Android.

To learn more about how code.google.com has come alive over the past five years, check out our post on the Google Code Blog.

The rest is here:
Google Code turns five

Whoa!

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Well, it finally happened. And with the incredible momentum of the last few months, I guess it should come as no surprise. As reported by CNN, Facebook has now edged out Google in total U.S. traffic for the week ending March 13th, as determined by Experian Hitwise.

The article makes a few assertions, but there is one which I really don’t agree with. The Director of Media Relations at Hitwise, Matt Tatham, is quoted as saying, “People want information from friends they trust, versus the the anonymity of a search engine”. Although this statement probably has some truth to it, I don’t think that is the reason that Google was beat out by Facebook for traffic.

I believe people will continue to use Google for search – meaning to FIND information. But I also believe they will continue to use Facebook for what they use Facebook for – and that’s not primarily for the accumulation of information. I believe the huge boost in its popularity has little to do with its ability to replace Google as an information source – and EVERYTHING to do with its ability to connect people.

I could be wrong, but I don’t think this portends bad times for Google. What I do think it shows is two things: 1. people are accepting of online connection/communication and 2. Facebook does a great job of delivering that.

As a veteran internet professional, I’m very excited about this.

See more here:
Whoa!

The new blue book guide to ad networks and exchanges from Revenue Performance is on its way, and they are looking for your help to compile the top 20 performance marketing networks. You can fill out a survey to let them know your top picks for the year. Results of the survey will be published in their upcoming Summer2010 (April-June) edition.

You can fill out the survey here and let them know your picks. Of course, we’d be delighted if you showed us your support by choosing Share Results. Also if you leave them your email address you can get a copy of the Summer 2010 Online Advertising Blue Book.

Related posts:

  1. Ways Merchants can Measure Affiliate Program Performance
  2. Choosing a Network for Your Affiliate Program
  3. Choosing an Affiliate Marketing Partner

Read the rest here:
Vote for the Top 20 Performance Marketing Networks

(Cross-posted from the Google Public Policy Blog)

Power. Clean water. The Interstate highway system. It’s easy to forget that the advantages of modern American life result from basic infrastructure investments made by earlier generations.

Tomorrow the FCC will release a national broadband strategy. The plan will set goals for expanding broadband to unserved and under-served areas, promote greater speeds, and drive consumer demand. It will harness this communications technology to urgent national priorities, such as jobs, education, health, energy, and security. In short, the plan will lay the groundwork for investing in America’s future.

Yes, the Internet was invented in the United States. Yes, we once led the world in broadband development. But now, networks in many countries, from Western Europe to East Asia, are faster and more advanced than our own. Long after we recover from this recession, this broadband gap will be a dead weight on American businesses and workers, unless we act now.

As with the space race in the 1960s, America needs a national effort by our scientists, engineers, companies, educational institutions and government agencies. Just like that great national adventure, we need near-term and long-term goals.

Broadband is an essential input to expanding business, education, and healthcare opportunities everywhere. As soon as possible, we need to bring Internet access to every community, from rural America to the inner cities.

But we also need even more ambitious objectives — or “stretch goals” — that test the limits of our ingenuity. When President John F. Kennedy summoned the nation to space exploration, the immediate goal was to send an astronaut in orbit around the earth. But JFK called for “putting a man on the moon” because he knew that dream would inspire Americans to literally reach for the stars.

The private sector has a big job to do, and needs to carry much of the investment. For our part, we plan to build and test an ultra-high-speed broadband network in at least one U.S. community. We are excited by the amount of support our proposed testbed has received from local communities and individuals.

But smart, tailored public policies are critical too. Let’s install broadband fiber as part of every federally-funded infrastructure project, from highways to mass transit. And let’s deploy broadband fiber to every library, school, community health center, and public housing facility in the U.S.

I support a national broadband strategy because ubiquitous broadband connectivity can catapult America into the next level of economic competitiveness, worker productivity, and educational opportunity. But as in the past, we will make this breakthrough by choice, not chance.

Go here to read the rest:
A broadband catapult for America


It is commonly known within the
search engine optimization community that Google has been working on transcribing audio for some time. The question is just how long from now will audio matter in search engine rankings?

Judging by voicemail transcription compliments of Google Voice, they still have a long way to go before transcriptions become accurate. Anyone who uses Google Voice for voicemail knows that the transcriptions are not very accurate. But the fact that this is something Google is working on lets us know that eventually it will become a search ranking factor.

What should we do? In order to have lasting search results for videos, it is not too early to start optimizing content. Do your keyword research prior to video production and ensure the phrases you are targeting are clearly mentioned in the voice-over of the video. This way, once Google decides to start taking the audio into account for rankings, your videos will be optimized.

Excerpted from:
Optimizing Video Content

It is amazing to me that the very first .com is 25 years old today. Symbolics.com, was registered on March 15, 1985, and was the first dot-com web page. Today, there are more than 80 million dot com domain names, and today, owning a domain name is as easy as getting an email address. Following Symbolics.com, big companies like Apple, IBM, Intel and AMD bought their domain names. Today, the internet is more a necessity than ever before, and it’s definitely here to stay. I wonder how much traffic Symbolics.com will be getting today…

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The First .com Turns 25 Today

CBS has turned one of the premier multi-day sports events into a destination purchase for Internet advertisers.

The NCAA men’s basketball tournament, which tips off later this week, has brought in millions in online ad sales. Ad Age reports that CBS has sold out its online inventory for $37 million, a number 20 percent higher than last year.

The appeal for advertisers is March Madness On Demand, the web service which allows users to watch the NCAA Tournament games of their choice livestreamed on CBSSports.com. Last year, 7.5 million viewers watched online up 7 percent year over year and CBS expects that number to continue to grow. Key to increasing views is the decision to allow the content to be distributed via multiple channels including Yahoo Sports and Facebook.

CBS_MarchMadnessAll 64 games of the tournament can be watched free online, a gamble which has paid off for CBS. Removing the paywalls and other restrictions to online viewing while maximizing distribution has paid off big. CBS has seen online ad revenues grow from $4 million in 2006 to this year’s $37 million total.

CBS is almost synonymous with the Tourney having held exclusive rights since 1982 and is currently in the middle of a 11-year rights deal with the NCAA for the Tourney, with 3 years remaining. According to WPP-owned Kantar Media, CBS’s online March Madness revenue totaled 5 percent of the overall $600 million plus ad revenue pie last year, up from 3.5 percent the year before and expected to edge even higher this year.

“This is extraordinarily similar to selling TV and that’s a good thing,” Rich Calacci, Senior VP-Advertising Sales CBSSports.com told Ad Age.

In collaboration with AT&T, CBS has another revenue stream coming from mobile this year, charging $9.99 for its March Madness iPhone app which will allow viewing on phones. But, according the Apple’s rankings, that isn’t turning off buyers. March Madness is the No. 2 paid iPhone sports app.

The sponsors CBS is picking up are quality sponsorships too, including Coke, Kraft Foods, AT&T and newcomer Capitol One.

According to Ad Age, CBS CEO Leslie Moonves called March Madness On Demand “a great new source of revenue” for his network.


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Dropping March Madness Paywall Pays Off Big for CBS

Jay Berkowitz, CEO of www.TenGoldenRules.com and Author of The Ten Golden Rules of Online Marketing will present, “10 Strategies to Make Social Media Make Money.”

Facebook has 400 million members! YouTube is the #3 site on the Internet! Twitter grew 1043%! This presentation will share 10 strategies to capitalize on the traffic you can generate from top social media websites.

* Learn the single best opportunity in social
* The first eCommerce strategies for Facebook
* Secrets to build your friends and followers
* Make social media money without facing FTC fines
* The 3 E’s of social media
* Amazing apps

This free webinar will take place on Wednesday, March 17, 2010 12:30pmEST – 1:30pmEST. To register and for more information please visit: 10 Strategies to Make Social Media Make Money

Read more here:
InternetMarketingClub.org Presents 10 Strategies to Make Social Media Make Money

It’s been two years since we completed our acquisition of DoubleClick, a leading provider of display advertising technology. This is the first in a series of posts over the next few weeks about our vision for online display advertising in the years ahead. Today, Susan Wojcicki previews the series and looks back at how we’ve brought Google and DoubleClick technologies together over the past two years. -ed.

The first online display advertisement — a simple, clickable image — appeared online over 16 years ago. Fast forward to 2010. You’re likely to see display ads — image, text, video and rich-media formats — on most of the websites that you visit. These ads are crucial to the Internet. They provide information about thousands of products, services and businesses. They help to fund the web content and services that we all use. And they enable large and small advertisers to reach new customers, increase sales and grow their businesses.

I’ve watched display advertising evolve from a series of simple, static images, to the incredible creative units that we see today. The best display ads today are often like mini-websites with complex animations, stunning graphics or videos, interactive and social elements. As technology enables better ways of matching ads, they’re becoming more relevant to the audience that views them and the website that hosts them. In addition, they’re bought and sold across the web more seamlessly than ever before.

Our belief in the potential of display advertising has spurred our investments in this area. We started investing seriously nearly six years ago, by offering display ad formats on our AdSense partner sites in the Google Content Network (which now comprises over a million online publishers). About three years ago, we acquired YouTube and began to offer various display advertising options.

And two years ago, we acquired DoubleClick, a leading provider of display advertising technology. Since then, we’ve been busy integrating the DoubleClick and Google technologies, and unveiling new features to improve display advertising for users, advertisers and online publishers alike. I thought this was a good opportunity to look back on what we’ve done over the past two years by bringing Google and DoubleClick together.

Helping our advertisers get better results

By combining Google and DoubleClick technologies, we’ve made significant enhancements to advertising on the Google Content Network. For example, we’ve offered support for third party vendors, enabled ads to be frequency capped so that users don’t see the same ad over and over, introduced view-through conversion reporting and opened a beta of interest-based advertising. Through these enhancements, we believe we can deliver more relevant, measurable ads that create more value for everyone — users get more useful ads, and these ads generate better results for advertisers and higher returns for publishers.

We’re also working to provide an integrated solution that enables advertisers and agencies to plan, buy, create, serve and measure display ads across the web, in a single interface. For the longest time, getting a display ad campaign up and running has been inefficient and cumbersome. We’ve made significant upgrades to DoubleClick’s ad serving technology, DoubleClick for Advertisers, adding new measurement and planning technologies, including Ad Planner and Google Analytics. These improvements streamline advertisers’ and agencies’ online advertising campaigns.

New ways of buying display ads: the Ad Exchange

In September 2009, we launched the new DoubleClick Ad Exchange. The Ad Exchange is a real-time marketplace that helps large online publishers, ad networks and agency networks buy and sell display advertising space. The new Ad Exchange is a major step towards creating a more open display advertising ecosystem for everyone. The technologies in the new Ad Exchange — principally “real-time bidding” and “dynamic allocation” — are already delivering great results for participants. AdWords advertisers can run ads on sites in the Ad Exchange, using their existing AdWords interface. This gives AdWords advertisers more high quality sites to run display ads on. Similarly, our AdSense publishers are benefiting from more high-quality display advertisers coming through the Ad Exchange.

Maximizing revenue for online publishers

A few weeks ago, we launched the upgraded DoubleClick for Publishers, to help publishers get the most value out of their online content and improve the process of selecting the ads to appear on their websites. In making this upgrade, we’ve been focused on combining the best of Google’s technology and infrastructure with the best of DoubleClick’s ad serving expertise to help generate more advertising revenue for major online publishers. For these publishers, managing, delivering and measuring the performance of ads on their websites can be a hugely complicated process that can have a significant impact on how much money they make from their online content. Ad serving is the core technology that underpins this process.

Unleashing creativity in advertising

There’s no shortage of creative marketers with brilliant ideas to engage and reach consumers — from remarkable rollerblading baby videos, to customizable ads featuring interactive Twitter feeds. We launched DoubleClick Studio, a rich media tool that makes it easier for agencies and advertisers to design interactive rich media ads. We’ve also continued to invest in DoubleClick Rich Media, which enables complex and creative ads to be easily trafficked and served. Ads created with these DoubleClick products are engaging users every day, and frequently appear on the homepage of YouTube, on sites in the Google Content Network and all across the web. To further help marketers run engaging ads across the web, we recently acquired a company called Teracent that developed technology that can tailor literally thousands of creative elements of a display ad, in real-time.

To date, we’ve put hundreds of thousands of engineering hours into building our display solutions and have partnered closely with advertisers, agencies and online publishers to help them get the best results; and to help users see more engaging and relevant ads. We’ve also developed controls like the Ads Preferences Manager and a specially-engineered opt-out plugin, so that users have transparency, choice and control over the ads they see.

However, our work in recent years is really only the beginning of what’s possible in this area. Across the board, we’re building and seeing vast improvements in display advertising technology. These technology improvements will make it far easier to buy ads across the web at scale, create engaging ad formats, measure the impact of ad campaigns in innovative and insightful ways, deliver relevant ads to precisely the right audiences in real-time and maximize the value of publishers’ online content. With these advances, we think that display advertising, as a category, can grow dramatically.

Over the next few weeks, we’re looking forward to exploring these themes on this blog, and explaining some of the ways that new technologies are helping to move display advertising forward for everyone.

Read the rest here:
The future of display advertising

This is part of a regular series of posts on search experience updates that runs weekly. Look for the label This week in search and subscribe to the series. – Ed.

This week’s enhancements include:

Locking SafeSearch now in 39 languages
Last November, we announced the option to password protect your SafeSearch setting and filter out sexually explicit web sites and images from your search results. While no filter is 100% accurate, SafeSearch Lock helps you avoid content you may prefer not to see or would rather your children did not stumble across. We’re pleased to roll this out globally in 39 more languages. It’s easy to set your preference, and once you do, you’ll see a visible change to your search page. Even from across the room, you’ll be able to see bright colored balls on the top of the screen. Check out this video to learn more.

Microdata support for Rich Snippets
HTML (hypertext markup language) is the core language of the web. And since it was created, HTML5 has become the fifth major revision of HTML. What’s different about HTML5? The specification includes a description of microdata, a new markup standard for specifying structured information within web pages. Paritcularly of interest to webmasters, this week we were excited to announce support for microdata for use in rich snippets in addition to our existing support for microformats and RDFa.

By using microdata markup when web pages are created, you can specify reviews, people profiles, or events information on your web pages that Google may use to improve their presentation in Google search results.

To learn more about rich snippets and microdata support, here are some links:

Stay tuned for next week’s post on launches, more enhancements and news about search.

Read the original post:
This week in search 3/15/10

There are few online to offline success stories. Often they are limited to large brands who are either part of the technology industry or whose consumer base are early adopters to technology trends. Which is why when Media Trust, ranked as the 9th fastest growing company by Inc Magazine, joined forces with a little known driver outside of NASCAR circles named Joe Nemechek no one expected quick success. The results surprised everyone. I sat down with Peter Bordes, CEO of MediaTrust, to discuss that success.

How did the deal come together with Global Media Minds, Joe Nemechek, and NASCAR?

The whole thing happened very rapidly. In NASCAR there has been a contraction in the amount of sponsorship money available for drivers due to the economy. GMM approached us literally weeks before the racing season started with the idea. We decided to take on the challenge as a case study with the goal of creating a different way of packaging various elements of online marketing within the world of NASCAR racing. GMM had all these parts for Joe in place that weren’t really being leveraged:  a late 90’s style website, a Twitter account that was sort of being used, and a Facebook account that was only partially up to date. Nothing was really integrated together. So we ripped it apart and put it together in the short timeframe we had. What you see now is just version one of our concept, there are two or three more evolutions yet to come.

How has the response been?

I have to say the attention we’ve gotten so far with this project is phenomenal.  We built the Media Trust brand leveraging social media but I don’t think you really understand the concept of engagement until you get behind the wheel of a social campaign with someone that is a celebrity. We first looked at Joe Nemechek’s personal site and his official site NEMCO Motorsports but decided that we should start from scratch with FrontRowJoe.com.

So we started with the fundamentals putting all the pieces together, setting up tracking to measure sign-ups and clicks, integrating Twitter and Facebook, getting Joe to personally buy into using the social platforms more methodically. Joe began posting regularly and the following grew quickly from about a thousand to just under five thousand users in Facebook and took the Twitter from in the hundreds to just under three thousand.

It’s groundbreaking because none of the other NASCAR drivers, to my knowledge, are remotely leveraging social media the way we did. Our efforts actually brought in two sponsors.  One of these is England’s Stove Works, which is not necessarily a typical sponsor. We were able to drive a half a million dollars in sponsorship revenue. For having put everything together in three weeks we’ve been enormously successful.

It’s kind of allowing Joe to be real spokesperson. Instead of the drivers just wearing the logos he can actually talk to the audience and react.

Exactly!  When we began working on the campaign we spoke with other companies who had sponsored NASCAR drivers and they all said, “We love NASCAR but we just could never figure out what our return was from it.” I talked to the CEO of Liberty Medical and he’s like “I love what you guys are doing!” And he even sent me a picture of his car and was like, “We love NASCAR, we’d love to sponsor it, I just couldn’t figure out how to make sense of it.”  Because what is my logo on the car worth?

But if you can have the driver talking about Liberty Medical its like  now he’s off and running. When the driver is talking about the brand you need the mechanisms in place to be able to really connect with the fan base. Not just through some static website but through interactive mediums like Facebook and Twitter. It’s amazing how quickly you’ll see people coming to that brand and transacting.

That’s how it was with England Stove Works. We drove half a million dollars worth of transactions initiated by our efforts with FrontRowJoe! In a way Joe became a super affiliate. That success with this experiment can certainly be replicated.

Quite an experiment; it seems to have out reached its goals. What were Joe’s team and GMM initially hoping for from this?

We really had no idea. This was a complete and total shot in the dark but it was better than nothing. Joe’s agency had been working with us on other projects and knew that we were able to look at the broad online universe and take a holistic new approach to the channel. It was either that or nothing so what have we got to loose in trying something new?  Let’s leverage Joe’s passion for the fans and history  as a driver and see if we can possibly generate revenue online. Let’s experiment and find out, we have nothing to lose, we have a willing driver, we have a great agency and a group of people to work plus if this model works it can be replicated within the NASCAR industry.

I’d say this has gone metric wise way past anything we could possibly imagine.  What’s great is that the season’s not even over yet and we’re definitely going to have a phenomenal case study.

How did you track the affiliate and social media ROI?

frjrectEverything was built in a dynamic environment so we could look at the results daily and start tweaking the campaign as we went. First there was the car itself which had no sponsors, so we thought “Let’s make Joe his own sponsor and put FrontRowJoe.com all over the car.” That would drive fans to a website designed purely with marketing in mind. We started to track metrics to optimize: how many people were coming in, from where were they engaging, what were they signing up for, the newsletter, what products were they clicking on.

Using Google Analytics we measured which channel, Twitter or Facebook, was stronger giving us a very clear picture of our efforts right down to the Tweet. We could see which Tweets and posts in Facebook worked, what type of call actions we used  in the posts did not. It’s been a very effective mechanism for allowing us to adjust as we go.

For the affiliate side, to track offers, we used our own proprietary affiliate tracking technology.  It’s really very interesting, prior to working with Joe, I didn’t realize how many affiliates are NASCAR fans. It’s huge!

For the New England Stove sponsorship we set up a tracking mechanism on their website. When a user came from NASCAR  a special discount or offer would trigger so we could see what the effect of the traffic that we were sending out was.

How are the offers on Front Row Joe picked?

At first it was fairly blind. We just looked at the demographics, the geographics, the “demo-geos”,  and where the races were held. We guessed the categories that would be popular, like DirectTV and offers from Force Factor because that was primarily more the “demo-geo” of Middle America. As the clicks came in we started to find out there were more females interacting with Joe and with NASCAR drivers than there were males which was something that none of us would have expected.  So what we are now doing is looking at the data of who is signing up into the database and which offers are getting interacted with.  Currently all the optimization is being done by hand but we’ll start applying technology to it.

So now that you’ve had this success what do you hope to replicate from the lessons you’ve learned?

What we want to do is really turn Front Row Joe into an actual brand. Not only for Joe, himself, but for NASCAR. The website will be completely rebuilt to focus on providing unique content from each race for the fans with content from the pits, from the front row with the drivers and will also provide visitors a much deeper integration with social media sharing features.  There have actually been other drivers that are interested in taking part after having seen this. Everyone is pretty astounded by the success, especially considering Joe has crashed and burned in every race but yet you’re still getting this incredible traction with the sponsors and the fans.

Once someone has gained some affinity with the fans it doesn’t necessarily matter if they’ve placed in the winner’s circle because they’ve built up this relationship over the years.

Exactly!  You know Angel, I’ve got a pretty big following within online marketing industry but I’ve never been able to generate the kind of response with my personal Tweets as I’ve seen Joe generate with NASCAR fans. The speed and responsiveness from those fans is just phenomenal! People are coming up to Joe in the pits and saying, “I saw your Tweet, “it’s faster than a tweeting bullet” that was great!”

My background is in mass media. Mass media and mass marketing is changing forever to “me media” and “me marketing” and I think this is a great demonstration of that.  And relationship is the point because consumers are getting so smart they can tell if someone has an  authentic social presence or not. We have tons of people coming on the site and saying, “Joe, is this really Joe?”

Which is why it’s important to have Joe excited and fully involved for this to work. You have to have the authenticity of the voice of these guys and this is what we’ve done with just one of them. The success certainly can be replicated.

Still, you have to be a little careful not to bastardize this because there is a lot of responsibility that comes along with engaging fans.  Social media is unregulated and if marketing agencies get a hold of a medium for the wrong reasons it can totally ruin this channel  just as quickly as it ruined other channels. I think there’s a big responsibility that comes along with this as we start seeing power of harnessing social media. Done right it can create a lot of value for the fans.


Here is the original:
MediaTrust Sets the Pace with NASCAR Success

I teach an Internet Marketing Course for the University of San Francisco. Several of the students have asked me how to put their knowledge to work and get a job in Internet marketing. Despite the tough economy, one sector that is still looking for good people is the internet.

My best thoughts on finding jobs in this economy are on our website and an internet marketing podcast I recorded with 10 job hunting tips.

The 2 best suggestions I could share with you are 1. the vast majority of jobs come from relationships and 2. the best thing you can do to get a job in internet marketing is to do work in internet marketing (freelance and volunteer work count). Let me explain:

1. Relationships. The first thing most managers do when hiring is ask staff and friends ‘Do you know anyone who is great at X?’ The last thing we do is spend money on recruitment advertising. I love hiring people that I have worked with through volunteer committees or people I know form industry events. Get busy connecting with old friends and make sure people know what you’re good at and what you’re looking for. Also, find an excuse to stay top-of-mind each month. I love to help people out, but I am busy – you need to remind busy people that you’re still looking.

2. I prefer to hire people with relevant experience and a great positive team-based attitude. We hired our Social Media Guru because she had a great can-do personality and a personal fitness blog that had higher ratings than our company blog. Companies were sending her free fitness products to sample hoping she’d blog about them. So how do you get real, relevant experience? Pick a cause that you are passionate about such as a local charity or non-profit and ask them how you could help. For example, the calls is doing some volunteer work for Rescue Rehab Home, a charity that rescues abandoned dogs. Volunteer for your local American Marketing Association or Interactive Marketing Association. Doing real interactive marketing work such as blogging, search engine optimization or social media (Facebook Fan Pages, YouTube videos, Twitter) is a great way to build your resume and show off your skills. Many hiring managers are likely in senior positions on the Board of Directors for these organizations. Or, do some freelance work to put on your resume. Websites such as www.Guru.com or www.eLance.com offer you the opportunity to make money doing real projects for real companies. Lastly – make yourself interactive! Create a great personal blog, make sure your Facebook and LinkedIn profiles are top notch. Google yourself to make sure there is lots of good news hitting the first page – if not get busy creating Social Media profiles to hit the first page of a search.

If you are looking, good luck for your job search and please let me know if there are other ways I can help. If you know someone who is looking for an internet marketing job, please share these tips and a link to our podcast with them. http://podcast.tengoldenrules.com/10goldenrules-podcast-episode32.html

Photo Credit Pieter Baert Flickr

See the original post here:
How to get a job in Internet Marketing

While there’s a ton of hype about micropayments and their role in virtual goods, many economic trends don’t really sink in until there’s a high-profile success story that people can dream about. It doesn’t matter that less than 10% make any serious money, since it’s easier to buy the dream of riches than to face the reality of the statistics.

The real money in virtual goods isn’t found in the iPhone App Store, it’s in social network games and virtual worlds. While I’ve personally seen 20,000 limited edition items sell out on Mafia Wars in one day, that’s just a tiny spec in the new digital economy of digital goods.

Want an idea of what that tiny spec was worth?  The math goes like this: 20,000 items at 42 points/credits each. 42 rewards points costs $10 (source in game marketplace), so 20,000 x 10 = $200,000 retail value in one day. While that item may have been special and not everyone pays cash or PayPal directly for the points; it’s a very suggestive revenue statement – virtual goods are serious business.

But before the bandwagon starts cheering that virtual goods gold rush, I respectfully submit that this is the same trend expanding from virtual worlds to games and has been building momentum for a decade.

Let’s consider some virtual goods economies where there are indeed several high profile success stories to dream about. Forbes discusses the topic, but I’ll point out some highlights with my thoughts. The first goes back to 2004 and is all about an ROI of nearly 400% and a cash outlay of $26,500, but keep dreaming as there huge sums of money to be made in virtual goods:

  • Do you seek rare virtual animals or cater to those who do? Then Amethera Treasure Island should peak your interest. This business in virtual world Entropia costs $26,500, but returns ~$100,000 per year.
  • Do you want the own the latest hotspot asteroid? Then Club Neverdie in Entropia is your type of business. Purchased for $100,000 in real money in 2005, the nightclub, shopping mall, and sport stadium based on an asteroid is estimated to be worth $1 million.
  • If asteroids are too low class for you and you’d rather cater to the luxury minded types? Keep your eye on Crystal Palace Space Station in Entropia which Forbes reports was sold for $330,000 in hopes of charging the wealthy crowd fees to visit and experience the latest in space station luxury.

While the previous examples showcase the money made in virtual real estate and experiences, others are putting the sweat and blood into other ways to earn money:

  • Skilled artist or just a collector? Consider dropping north of $11,000 on an Anatomically Correct Virtual Skeleton available only in virtual world Second Life. I’ve met virtual clothing designers who reported that they earned smaller, but respectable monthly incomes selling clothes in Second Life as well.
  • White collar criminal or just a hacker? A hacker in Second Life stole the real equivalent of $10,000 when he hacked into Second Life’s stock exchange.

Back in 1999 I remember users of The Palace creating and selling props on eBay. These props could be used by in-world avatars to dress up and show your personal style. Many people made and exchanged virtual goods for free, but even then, people bought, sold, and even stole the virtual good props.

Virtual goods not only are hot, they’ve been hot since 1999, been breaking bank accounts since 2004, and are now becoming a significant factor in reshaping the way we think about making money online. More is happening in this space, so stay tuned.


More here:

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This is part of a regular series of Google Apps updates that we post every couple of weeks. Look for the label “Google Apps highlights” and subscribe to the series. – Ed.

Today’s update includes a handful of experimental features, a bunch from third-party developers and one that lets you build new features yourself. Enjoy!

Fast new windows in Gmail
Working with email in a single window can slow you down, so throughout Gmail there are places where you can launch what you’re doing into a new window and accomplish two things at once. For example, you can search your inbox and compose a new message at the same time. While this has been part of Gmail for a while now, we’ve just made it better by dramatically speeding up how quickly new windows open. No more waiting for the new window “Loading…” bar to finish — now you can do what you do in Gmail faster!


Google Apps Script is a flexible system that lets you add custom menus, buttons and functions to spreadsheets, as well as make the components of Google Apps work together in new ways. For example, you can trigger a set of automated Gmail messages and add appointments to your calendar based on changes in a spreadsheet. On Wednesday, we made Google Apps Script available to everyone — not just businesses, schools and organizations — and we
launched the Apps Script Gallery to share script examples and help you get started scripting.

Who’s gone Google?
We’re pleased to welcome another crop of new businesses and schools to Google Apps. More than 11,000 crew members at
KLM Royal Dutch Airlines took flight with Google Apps, and the Sports Basement switched teams from Microsoft Exchange. National Geographic is exploring the world of real-time collaboration, and Hamilton College is learning a few new tricks with Google Apps, too.

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Jack Dorsey, one of Twitter’s co-founders, sent the first tweet on March 21, 2006. Twitter hit a 10 billionth milestone late Thursday March 4, 2010 when someone clicked the update button. I could think of a hundred cool tweets number 10,000,000,000 could have been but unfortunately it appears the ground-breaking tweet was posted by someone who had set their feed to be private by default.
I’m the type of person that needs to know what the tweet said. I’m not asking for much Jack just a 140 character answer. We all know what the 5 billionth tweet said, “Oh Lord,” written by Robin Sloan. Anybody want to take a guess at what the 10 billionth tweet said? I’m thinking it could have been “If she admits the dinner she made tastes bad, do NOT agree. It’s a trick…”
I’m hoping the next milestone, 20 billionth tweet, is going to be a little more interesting. We only have to wait 188 more days to find out. I can see you’re impressed with my math skills – don’t be – I checked GigaTweet

Credit:
Twitter’s 10 Billionth Tweet