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Blogs, social networks used by the wealthy

BizReport : Research : April 13, 2007
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Blogs, social networks used by the wealthy
Marketers wanting to make inroads to wealthy clientele should target blogs and social networks. That, according to a new study which indicates that the wealthy in America are interacting on social networking sites and reading blogs more than the general public.


According to a recent survey from the Luxury Institute, a full 76% of wealthy Americans are reading blogs. That is up from 57% in the 2005 study. Also interesting is that wealthier Americans are blogging themselves (24%), up from 18% in 2005.

Compare that with the median income Americans and it is clear that those with more money appear to be more interested in technological advances. According to the report, only 25% of the general American population read blogs and only 9% maintain their own blogs.

Instant messaging is also a mode of communication that more wealthy Americans are using (55%) than the general public (39%). Also, 31% of wealthy Americans are active on a social networking site compared with only 16% of the general public.

For the study, the Luxury Institute polled 1,000 web users making $150,000 or more each year.



This is a clear indication that marketers with high-end merchandise need to accommodate the wealthy in their online advertising campaigns. Rather than simply purchases display ads on supposed-high-end websites, marketers may get a better response from advertising within the social mediums - advertising within high-traffic blogs or on social networks.

by Kristina Knight

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Free-Advertising-Blog.com site allows anyone to post there ads on our Blogs. We are the only site that actaully not only allows you to post ads on our Blog... We encourage it. We expect over 50,000 members in less than just one year so your posts will be see by a huge audience. It is free to post your Ads on our Blog and you can post often. In some cases up to once per day.

Tags: affiliates, blog, blogs, click, forums, free, networks, pay, per, social

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Social networks, such as this one, are extremely popular and a great way to advertise your business to increase sales. However, some disallow it and one can get banned from advertising on them.

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I like this and will check it out. Up till now my blog has been more of a cache where I try to keep my sites organized and it is a little disorganized but has some useful information on it.
Thanks,
Gary

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