
In today’s e-age, the Internet has given way to carry out many activities easily, which earlier consumed a lot of time. With the introduction of a variety of social networking websites, the world has seen yet another way to link, chat, discuss and share with utmost convenience. However, this is not all; for even the advertisers have jumped in the social networking bandwagon, and are all for applying the concept of B2B marketing with these social networking websites, such as Facebook, MySpace, Facebook, LinkedIn, OpenSocial, Gorooze and many others.
According to the recent report published by the eMarketer, in the year 2008, the B2B marketers will spend approximately $40 million on social network advertising. The report further says that by 2012, there will be a 500 percent increase in the business to business marketing through social networking sites, which is expected to grow to $210 million. This means raking in big bucks for the Social Networking industry at large, which has many strong contenders even today.
Social networking websites such as Facebook, LinkedIn, E.Factor and FohBohare are already seeing a steep rise in the B2B marketing scenario. The popularity of LinkedIn has already increased to double in the past year, which implies that it is bracing up to devour a sizeable amount of the market share in the B2B marketing spend. At the same time, Facebook has also witnessed the joining of more and more business peoplewhich also enhances its B2B marketing prospects.
However, the question which instantly comes up in many of our minds, is that will B2B marketing through these channels prove effective? Someone has rightly said that it will, provided it is used in an effective manner. However, it still lefts to be seen how well it would be accepted by one and all.



















