Mobile social networks (or at least the clever ones) are mapping out business models that allow them to transition from being meeting places for communities to being marketplaces for commerce.
It’s early days and there are no easy answers – all the more reason to attend Mobile Advertising & the Rise of Social Networking: What does it mean for Brands, Agencies and Service Providers?, a Knowledge & Networking Seminar organized by AIME, (The Association for Interactive Media and Entertainment), this Thursday in London. The seminar provides the perfect opportunity to explore key learnings with industry pioneers and network over drinks. (The event begins at 6:30 p.m. and wraps up around 11 p.m. More details on the program and venue here.)
One company I look forward to hearing is Flirtomatic, a pioneer mobile flirting service that has had great success monetizing mobile users through conversation with added fun and great content such as virtual flowers and kisses. The company recently extended its reach to enable members to give the objects of their affection real gifts including chocolate and sexy underwear. As Matt Dicks, Commercial Director for Flirtomatic, put it in an interview with AIME’s Andrew Darling: The approach to mobile advertising is about marketing entertainment and content services as part of its mobile social network. “It’s about integrating ads and brands into the fabric of a social networking service – enabling premium gifting between users and using advertising to support content.”
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