Social Networking Boosts Local Businesses
The social networking site MySpace.com has joined forces with online guidebook Citysearch.com to launch what’s called MySpace Local. This will be an online directory that allows users to rate, review and share information on small businesses in local areas.
The site, which recently launched for select MySpace users, includes content from CitySearch’s database of stores, restaurants, bars and area hotspots. The site enables users to search for information on a specific business or browse by category and neighborhood. This is huge for people with mobile capabilities, Blackberry’s etc.
Here’s How it Works…
Businesses each have profile pages that include basic information such as the business address, map, hours, products / specials offered, menus, etc as well as user ratings and reviews. MySpace/Citysearch plan to eventually allow businesses to add personalized videos to their profile pages as well.
Visitors to the site will also be able to view and share the ratings and reviews of others. Profile pages will let users keep track of their own activity on the site, while an activity feed will display the newest reviews, ratings or picks from either their friends or the MySpace community at large.
“MySpace is about the discovery of content and culture through the lens of your friends,” says MySpace chief executive Chris DeWolfe, in a statement. The new site, he said, is in line with the company’s larger content strategy with bigger and better things on the horizon.
The site allows small businesses to advertise in the networking site’s MyAds platform. It allows advertisers to allocate how much to spend, from $25 to $10k, on advertising targeted by geography, demographics, and interests.
The alliance comes amid a growing effort by small businesses to jump on the social networking bandwagon. Nearly one-third of companies plan to increase their social media marketing budgets this year, according to a March report by the Aberdeen Group, and eMarketer estimates socal networking advertising will increase 17 percent in 2009, to $2.4 BILLION dollars.
- Thx to CoverMag for this article outline

