How many times have you read something on Twitter, on Facebook, or even under the reviews for products on sites like Amazon and thought it sounded a lot like they were trying to sell you on something. Well, those days are over.
Starting December 1, 2009 bloggers are required to clearly state any connection to an advertiser. This meaning that anyone making a post anywhere in the social media world must disclose payments for an endorsement. Furthermore, they can be held accountable if the statements made about the product are false.
No longer can celebrities get paid for commenting about products and influencing our decisions without explicitly stating that they are getting paid to do so. It’s the first time that rules are being placed in the blogosphere about what can be said. Previous to Twitter and Facebook endorsements were made through the actually ad firms in forms of testimonials or television ads, but it has become increasingly popular to pay individuals to post their “personal experiences” in hopes of creating buzz.
Izea is a social media marketing company that specializes in sponsored tweets and sponsored conversations in blogs. Their purpose is to create buzz and drive traffic. Some might say this is the end of Twitter. What if every post made on twitter was for advertising? That would take away the purpose of spreading ideas and engaging in conversation that twitter holds, and turn it into an advertising frenzy.
But now with these New Guidelines bloggers must disclose that they are getting paid to make the statement. FTC regulations might have just saved twitter!