Project Identification - I Facebook Facebook is an exciting...

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I. Facebook Facebook is an exciting social networking site that was launched in 2004 (Eldon, 2009). While it has some tough competition with similar sites, it is arguably the most popular. Users may create a personal profile, add other users as friends and exchange  messages, including automatic notifications when they update their profile. Additionally,  users may join common interest user groups, organized by workplace, school, or  college, or other characteristics. This site is so useful because it is so wide spread and  helps people connect from all over the world.  A. Marketing Opportunity One This site makes an excellent marketing opportunity to market to students on a local campus; this would be so feasible because Facebook is so popular. We already know that Facebook is used by many if not most of these students, so I would suggest that they branch out and try to exploit this use. 1. Categorization of Opportunity Home run 2. Risk Associated with Opportunity The problem with this opportunity may be in that it is such a well known company. Furthermore, some of the students may feel that working within Facebook may be too cliché or even within the establishment because it is so popular now a days. In addition, many of their parents are now using this site as well, and this may definitely tarnish its usefulness as a marketing site. B . Marketing Opportunity Two This organization may also wish to use this site to promote branded clothing. This may be helpful to continue to popularize the site as well as advertise it with people of a similar age group. 1. Categorization of Opportunity Single 2. Risk Associated with Opportunity I characterize this opportunity as less palatable because it may be too closely associated with similar opportunities taking place currently. C. Marketing Opportunity Three Facebook may wish to sell personalized ad space on its site.
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1. Categorization of Opportunity The real issue with this possibility is that it is sort of being done, but at a lesser degree. My idea is to provide personalized ad space on the site whereas now the site offers some advertising for specific companies. I realize this is a
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Project Identification - I Facebook Facebook is an exciting...

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