Although US social network spending will slide 3% this year, non-US social network advertising spending is forecast to grow 27% in 2009. That is 9% growth in worldwide spending in 2009, to $2.2 billion.
Strong social networks outside the US include mixi in Japan, Cyworld in South Korea, VKontakte in Russia and QQ in China.
Worldwide ad spending on MySpace is expected to fall 14% in 2009, to $520 million. Facebook spending is projected to rise 20% worldwide, to $300 million.
Nobody could neglect the power of social networking. Big companies are investing millions of dollars on ads spending on those social networking sites.
If you have a tight budget on advertising, why not have a FREE advertising marketing plan ready. Do you know you can advertise your business throughout those hot social networking sites: twitter, FaceBook, LinkedIn, etc. for free!
You can set up free accounts in those social networking sites, build your business profile online and connect with your potential customers.Â Because people like to do business with people. Especially for small or medium business, you are the business.
Of course there are ways and skills to better network with your potential customers. If you have time, there are lots of courses to learn about i.e. how to build millions of followers in a few week. Or you could hire local online marketer to do them for you.