The Advertising Standards Authority (ASA) has revealed plans next spring to extend its regulatory arm to encompass online marketing and online advertising.

From 1 March 2010, the ASA will have what chairman Chris Smith has described as “the most comprehensive approach to the regulation of advertising in website space anywhere in the world.”

Over the past few years, the ASA has received some 4,500 complaints concerning online marketing, yet has been unable to take little or no action.

However, from March next year it will be able to intervene to maintain online advertising’s self-regulatory system – particularly when it comes to protecting the safety of children on social networking sites such as Twitter and Facebook.

The ASA website will feature a “rogues’ gallery” of online marketing offenders against its code of practice and warnings will appear in the results of Google and other search engines. There will also be a list of products and brands that defy the code.

The Committee of Advertising Practice (CAP), which wrote and maintains the code of practice decided to extend the ASA’s remit after a formal recommendation from a wide cross-section of British industry.

The advertising and marketing industry has itself agreed to apply a standard 0.1 per cent levy on all paid-for advertising on internet search engines, extending the existing funding mechanism across other media that pays for the ASA. Google is providing the initial seed capital.

Website owners and online advertising agencies are urged to sign up to CAP Services to receive guidance and training so their sites will comply with the new rules before they come into effect.

CAP chairman Andrew Brown said, “Our aim has been to extend further in the online world the principles that are already well established in our system, namely those of effective consumer protection and fair competition.”

Video-hosting site YouTube recently unveiled a set of new features aimed at helping online marketing campaigns better target their potential customers.

The website – owned by search engine giant Google – has implemented new video and channel exclusion options, which YouTube senior product manager Baljeet Singh said would be of great use to online advertising creatives and marketing managers, giving them far more control over where their adverts will show up. Before the new options, online marketing depended on using YouTube’s own marketing services to select which clips should be targeted with a company’s adverts.

Now, however, the new features allow individual companies or brands to decide if particular videos – or even entire channels – should be excluded from the campaign. By doing this, online marketing experts will be able to prevent adverts from appearing next to videos that are at odds with their customer demographic.

Two examples that Mr Singh gave were that of a vegan battery being able to exclude FootNetworkTV videos about meat dishes and beer companies giving the swerve to videos aimed at those too young to enjoy a tipple.

“Alternatively, if your ads are appearing on a video that perhaps isn’t performing in terms of clickthrough rate or conversions, you can optimise your campaign by using this new feature to exclude it,” Mr Singh went on to suggest on the YouTube blog.

He added: “Google has also been investing significantly in ensuring brand safety, transparency and control for advertisers across the Google Display Network. We’re hoping that these added layers of control will make your campaign targeting even more precise.”

Despite being described as “the best tool to aid stalking since Facebook,” location-based social media platform Foursquare will prove a massive boon to online marketing companies, one expert has suggested.

Judith Lewis, head of search at media consultancy Beyond, told readers of Marketing Week that in fact Foursquare is the “king of social media marketing.”

After downloading the application, iPhone or other smartphone users can to be located using the phone’s own GPS system. Foursquare then gives them local locations of possible interest and the option to “check in”. Security concerns have been raised because this can be broadcast on other social media platforms such as Twitter and Facebook, which could give stalkers and other criminals valuable personal information as to a burglary or stalking victim’s whereabouts. However, Foursquare does make available the option to prevent this, so it is up to the user to stay secure while using the app.

Many businesses have already seen its vast potential as an online marketing tool, Ms Lewis pointed out. Famous brands such as Starbucks, Domino’s Pizza, Pho, Hummos Bros, The Breakfast Club, Evans Cycles and many others have added their businesses to the network in order to ensure that their nearest branch is always pointed out to Foursquare users.

But they also use it to do more than that. Ms Evans stressed that such companies have“realised that the future of interaction in “real life” is becoming firmly based within the digital world.”

“For these and other businesses, Foursquare has become a valuable way of interacting with, and rewarding, regulars,” she pointed out.

“While one of the most difficult things to measure is how much online marketing drives purchasers to offline shops, Foursquare is one tool a marketer can use to help measure, as well as engage with, this customer.”

With its seamless integration of online and offline behaviour and the growing popularity of smartphones, Ms Lewis concluded that Foursquare “is set to be the new dominant force.”

A new report from eMarketer has revealed that the USA is leading the way when it comes to the ascendancy of online marketing across a variety of different platforms.

The organisation said that some 6.7 per cent of all online advertising budgets this year will be earmarked for social networks such as Facebook and Twitter, thanks to the slow but steady economic recovery in the US and the focus among marketers of reaching the millions of users of social media.

Researchers estimated that this year will see over $1.68 billion spent by US advertisers on Twitter and other social networking sites in 2010, which represents an increase of more than 20 per cent compared to last year. By 2011 this figure will have rocketed to over $2 billion, they added.

In December last year, eMarketer said that there would be some $1.3 billion spent on online advertising across social networks during 2010, but online marketing across these platforms has been so successful – particularly on Facebook – that analysts have been forced to drastically revise their forecasts upward.

The eMarketer report said that around half of all advertising spending on social networks will go to Facebook, due to the continuing eclipsing of MySpace by the site. Twitter has become part of the eMarketer calculations for the first time, after launching its advertising arm earlier this year.

The group said that while 2010 will see relatively little spent on Twitter by online marketing campaigns, its potential to grow over the next few years is massive.

Just over a year ago, the Tweetmeme company decided to add another dimension to social networking – and opportunities for online marketing – by providing a single place for retweets.

This gifted content providers with a whole new stream of traffic and soon soared in popularity, leading to this week’s announcement by Twitter that it will officially be taking over operation of the retweet button, known properly as wp-tweet-button.

Tweetmeme’s retweet button currently receives more than 750 million hits a day, and its runaway success has unsurprisingly led to its transferral to an in-house feature on the Twitter site.

The new wp-tweet-button function is little changed from the Tweetmeme original, apart from a new design and colour scheme. Nevertheless, the are some new functions which will help content providers and online marketing experts promote their own brands, sites and services on Twitter.

Once the button is used to retweet, the user will see a list of suggested Twitter accounts to follow, which can be taken up by the website itself for its own promotional purposes, helping to make a retweet the next viral sensation.

Twitter has got a lot of interest going already about the new button, with the likes of YouTube and news outlets such as CNN, USA Today and the Huffington Post all ready to add it to their own sites.

On the company’s blog, Tweetmeme chief executive Nick Halstead revealed that his firm would be assisting Twitter with the switch.

“This will manifest itself in the launch of a number of new products and the first of these is being unveiled today,” he said.

One of these is EDataSift, which will allow website developers to create “streams of data” from the millions of tweets held on Twitter’s database.