In a
press release from January 7th, Will Beresford, strategy director at beyond analysis, makes ten predictions on the future of social media and business in 2008. While we've all had our fill of forward-thinking projection pieces, Beresford provocatively asserts in supposition number 6 that "the interest in large social networking sites as the next best thing in advertising will fall away as quickly as it has arrived." The elephant in the room to which this contention is clearly pointed is Facebook, which came under intense scrutiny in 2007 for its Beacon feature which many consider an invasion of consumer privacy.
The reasons he cites for pulling away from social networking behemoths include cluttered advertising and a reluctance to "bare all" for everyone to see. The latter is easily avoidable with the right settings but the former truly presents a quandary. "Like a trendy bar or nightclub," Beresford states, consumers will abandon one site for another as their preferences and those of their friends continually fluctuate between what's hip and what's over. I agree with him on that point. If whichever website that hosts a brand appears to "sell out" to too many too quickly, once-loyal fans will go somewhere else until the same fate befalls that site.
Herein lays the beauty of creating your own branded social media site. For example, one of our customers, a popular potato chip maker, ran an online video contest last year to see how creative their consumers could be in thinking up a catchy ditty to describe their chip of choice. The results were amazing, a fountain of enthusiasm and wacky, fun, talent-filled submissions. Each consumer-created video helped reinforce the values of the chip brand, but looking around the site, so did everything else - the background, the color scheme, the logos. The campaign site was 100% dedicated to one and only one brand, our customer's brand. Your brand.
Beresford backtracks in point number 5, admitting that companies without a Web 2.0 presence will explore the space to "enrich their understanding of their customer base." Some would say that's what Facebook is doing with Beacon (fancy me a contradiction?) However, Beresford's still right. You learn a great deal about your customers by seeing what they can contribute to your online social community or contest. When consumers talk, other consumers listen. Why? Because it's a sneak preview into what they'll be experiencing if they commit to trying out the brand. No one likes to make a decision uninformed.
Thus, I urge you to read between the lines of what Will Beresford is saying and avoid the fate of so many social networks. Branding isn't about living in the moment; it's about embodying the past, present and future and planning how your products will impact consumers' lives for years to come. If you stay true to your customers, you can rest assured that they'll stay true to you too. It's your company's presence. Doesn't it deserve a room of its own?