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Social Media is Here. Brands Need to Adapt.
A
Lesson
in
the
Evolu/on
of
the
New
Media
and
its
Revolu/onary
Impacts
on
Business
Web
2.0
and
the
Long‐tail
Audience
What
is
Web
2.0?
It
is
a
living
term
describing
changing
trends
in
the
ways
soGware
developers
and
end‐users
use
the
Web
that
have
helped
shape
this
new
crea/vity,
informa/on
sharing,
collabora/on
and
func/onality
of
the
web.
Web
2.0
concepts
have
led
to
the
development
and
evolu/on
of
web‐based
communi/es
and
hosted
services,
such
as
social‐networking
sites,
video
sharing
sites,
wikis,
blogs,
and
folksonomies.
An
important
dis/nc/on
is
that
Web
2.0
has
huge
implica/ons
for
what
we
call
the
Long
Tail
i.e.
niche
communi/es.
Pareto’s
Principle
states
that
20%
of
the
popula/on
control
80%
of
the
wealth.
These
include
big
brands
like
Coke
and
Mcdonald’s.
What’s
more
important
is
the
immense
opportunity
for
the
remaining
80%
of
the
web
popula/on,
who
NOW
can
leverage
2.0
to
help
move
the
needle
to
their
own
advantage.
Par8cipa8on
is
the
New
Consump8on
Before
social
compu/ng,
the
web
was
sta/c,
centrally
managed
and
slow
to
change.
Top
down
informa/on
flow
was
the
standard
from
established
research
ins/tu/ons
to
corpora/ons
to
governments.
These
were
sources
we
didn’t
ques/on.
In
this
new
space
there
is
a
shiG:
1)
From
centraliza/on
to
decentraliza/on.
This
means
the
move
away
from
what
we
remember
as
the
“mainframe
computer”
to
the
emergence
of
peer
to
peer
networks.
2)
From
one‐way
informa/on
flow
to
mul/ple
conversa/on
exchanges.
The
audience
is
contribu/ng
to
conversa/on
and
informa/on
exchange
is
taking
place.
This
is
crea/ng
new
knowledge
streams
through
user
generated
content.
Simultaneously,
this
audience
is
not
readily
accep/ng
the
content
provided
by
mainstream
media
and
tradi/onal
sources
as
truth.
Peer
Influence
is
tantamount
to
the
tradi2onal
marke2ng
message.
Marketers
must
realize
their
marke/ng
messages
only
contribute
to
a
frac/on
of
consumer
conversion.
On
top
of
this,
social
compu/ng
has
made
it
easier
to
amplify
conversa/on
and
influence,
crea/ng
an
ability
to
spread
messages
farther
and
faster.
Old
Media
The
Digital
Evolu8on
Reach
Before media became digitized, we saw:
A few media with massive reach.
As consumers, we were easy to access.
We read the same papers, listened to the
same radio programs, and watched the same
television shows as everyone we knew.
Marketers had it easy…but it was rare for a
consumer to see an ad that was relevant to
him/her.
Mass
Media
Niche
Media
Niche
Media
Media
Prolifera8on
In
the
1960s
the
average
Access
Prolifera8on
This
trend
has
big
home
had
fewer
than
6
television
sta/ons
implica/ons
for
the
media
business:
from
which
to
choose.
Today
it’s
closer
to
What
does
this
mean
for
tradi/onal
Marke8ng
has
become
90,
on
average.
The
number
of
mass
media
adver/sing
principles
like
reach,
more
challenging
pla_orms
that
ruled
decades
ago
‐print,
frequency
or
even
prime/me?
radio,
TV‐
have
exploded
to
the
extent
that
Networks
are
inves/ng
in
mul/‐
Product
Prolifera8on
and
availability
means
more
choice
for
the
buyer.
It's
a
buyer’s
world
today.
For
any
good
or
service,
the
number
of
brands
and
the
number
of
sellers
mass
anymore.
Today,
media
is
fragmented
2
not
one
medium
can
really
be
considered
3
pla_orm
programming
like
NBC’s
Hulu;
Google
is
already
experimen/ng
with
measuring
audience
in
the
soon‐
to‐be
web/TV
integra/on;
and
TIVO
announced
the
user‘s
ability
to
•
13,500
radio
sta/ons
(4,400
in
1960)
program
TIVO
from
the
mobile
phone.
who
can
instantly
reach
the
buyers
anywhere
•
17,300
magazine
/tles
(8,400
in
1960)
Consumers
are
empowered
with
1
in
the
world
has
grown
drama/cally
over
the
•
82.4
TV
channels
per
home
(5.7
in
1960)
choice
and
are
now
squarely
in
past
decade.
In
addi/on
buyers
have
gained
And
the
Web:
control:
they’re
in
control
of
how,
access
to
an
enormous
amount
of
informa/on
when,
&
what
kind
of
media
they
•
Millions
of
sites
that
they
can
“pull”
whenever
they
want,
•
Billions
of
pages
consume.
while
ignoring
the
majority
of
the
marke/ng
and
adver/sing
that
are
“pushed”
at
them.
And
that
doesn’t
even
account
for
the
new
pla_orms:
iPhones,
MP3s,
satellite
radio,
video
on
demand,
PVRs,
and
peer‐to‐peer
gaming.
Now
add
in
the
millions
of
websites,
and
the
billions
of
web
pages
and
you
begin
to
see
the
erosion
of
reaching
an
en/re
market
with
one
simple
media
buy.
Genera8on
C:
The
Consumer
is
in
control
The
web
has
given
birth
to
a
new
genera/on.
It
is
the
genera/on
C.
CONTENT
by
the
Crea/ve
Class
using
the
web
as
a
CHANNEL
to
Communicate…
…Turning
Conversation into
Community. Today media is
controlled, by co-creators….
Consumers
are
not
listening
anymore…Interrup8ve
Marke8ng
has
seen
Cluetrain
Manifesto
its
day.
The
Cluetrain
Manifesto
recently
celebrated
its
10th
Anniversary.
Defined
(source
Wikipedia),
Cluetrain
“
is
a
set
of
95
theses
organized
and
put
forward
as
a
manifesto[…]for
all
businesses
opera/ng
within
what
is
suggested
to
be
a
newly‐connected
marketplace.
The
authors
assert
that
the
Internet
is
unlike
the
ordinary
media
used
in
mass
marke2ng
as
it
The
Audience
is
Crea8ng…The
Audience
is
Selec8ng….
The
enables
people
to
have
"human
to
Audience
is
Changing…and
as
a
result
the
audience
is
telling
human"
conversa2ons,
which
have
brands……
the
poten2al
to
transform
tradi2onal
business
prac2ces
radically.
The
ideas
“We are immune to advertising. Just forget it. ”
put
forward
within
the
manifesto
aim
to
examine
the
impact
of
the
internet
on
both
markets
(consumers)
and
“You want us to pay? We want you to pay attention. ”
organiza/ons.
In
addi/on,
…
the
manifesto
suggests
that
changes
will
be
required
from
organiza/ons
as
they
“ The Internet has become a place where people could talk to
respond
to
the
new
marketplace
other people without constraint. Without filters or censorship or
environment.”
official sanction — and perhaps most significantly, without
advertising ”
“Don't talk to us as if you've forgotten how to speak.
Don't make us feel small. Remind us to be larger. Get a
little of that human touch. ”
• There
are
brands
finding
out
about
this
NEW
conversa/on.
And
When
Inter‐networked
they
are
taking
ac/on
and
joining
the
conversa/on.
Markets
MEET
Intra‐ • eMarketer,
October
2008
recognized
the
prevalence
of
the
new
media
and
announced
its
benefits
spanning
engagement,
direct
networked
Workers
customer
rela/ons
plus
sales,
brand
reputa/on,
PR
and
even
The
connectedness
of
the
Web
is
impacts
to
product
development,
and
opera/ons.
transforming
what’s
inside
and
outside
your
business
–
your
market
and
your
employees.
• Through
the
Internet,
the
people
in
your
markets
are
discovering
and
inves/ng
new
ways
to
converse.
They’re
talking
about
your
business.
They’re
telling
one
another
the
truth
in
very
human
voices.
• Intranets
are
enabling
your
employees
to
hyperlink
themselves
together,
out
the
side
the
org
chart.
They’re
incredibly
produc/ve
and
innova/ve.
They’re
telling
one
another
the
truth
in
very
human
voice.
• There’s
a
new
conversa8on
between
and
among
your
market
and
your
workers.
It’s
making
them
smarter
and
enabling
them
to
discover
their
human
voices.
You,
as
an
organiza2on
have
two
choices:
You
can
con2nue
to
lock
yourself
behind
the
facile
corporate
words
and
happy‐talk
brochures.
Or
you
can
join
the
conversa2on.”
Clutrain
1999
In
Canada….
• 84%
of
Canadians
are
ac/ve
on
Social
Networks
spending
an
average
of
6
hours
per
month
People
are
Using
Social
• In
2007
social
network
usage
grew
16%
and
a
whopping
70%
of
users
in
Media
the
55+
demographic
visited
a
social
network
• Facebook:
1
in
6
Canadians
are
on
Facebook
Social
media
sites
are
the
fastest‐growing
• Toronto
represents
the
7th
largest
Twiter
Popula/on
category
on
the
web,
doubling
their
traffic
• 89%
of
Canadians
each
watched
114.5
videos
totalling
385mins
…in
over
the
last
year.
Wave
3
Study
from
comparison
to
just
77%
of
U.S.
residents
who
watched
72
videos
each.
Universal
McCann
highlighted
these
stats:
• YouTube
was
the
des/na/on
of
choice
for
57%
of
Canadians
who
watched
68
videos
totaling
180
mins
per
month.
•
184
million
bloggers
worldwide,
42
• Blogs
“grew”
7%
in
2007,
against
an
index
of
4%
for
Internet
growth.
million
in
China.
• 16mm,
or
64%,
of
Canadians
now
visit
blogs
•
73%
of
ac/ve
online
users
have
read
a
blog
•
45%
have
started
their
own
blog
•
39%
subscribe
to
an
RSS
feed
•
57%
have
joined
a
social
network
•
55%
have
uploaded
photos
•
83%
have
watched
video
clips
Despite
the
media
fragmenta/on,
social
networking
sites
are
experiencing
high
adop/on
rates
50%
or
greater
among
18‐34
year
olds.
Among
the
35‐44
demos,
30‐39%
are
adop/ng
this
medium.
Social
Media:
Global
Stats
While
most
social‐net
ac/vi/es
have
witnessed
some
growth,
the
emergence
of
Twiter
has
contributed
to
the
plateauing
effect
of
blogging.
Micro‐blogging
has
made
social
media
more
efficient
and
allows
opinion‐leaders
to
collaborate
and
share
at
a
faster
rate.
Mass
Social
Social
Media
is
Prac8cal
Marke8ng
Marke8ng
Unlike
Mass
Marke<ng,
Social
Media
has
the
unique
benefit
of
targe<ng
consumers
already
talk
about
your
brand.
The
immediate
relevance
has
the
ability
to
spread
through
word
of
mouth
recommenda<ons.
“Top 10 Gadgets for Social Media Addicts”
Evolve
“Transparency Triumph. Reviewing is the new
As
social
media
evolves,
so
do
the
advertising.”
responses,
expecta/ons
and
prac/ces
behind
it.
“How to Stalk your Kids on Facebook and Twitter”
Everyone
is
trying
to
figure
it
out.
Companies
are
trying
to
understand
“Newspapers are dying”
the
immediate
impacts
to
their
“IBM's social media guidelines were first of the kind!”
businesses.
Customers
are
becoming
recep/ve
to
big
brands
willing
to
“10 tips for building brand communities”
engage
with
them.
“Corporate Employee Twitter guidelines being
The
ques/on
whether
Social
Media
is
written around the world”
here
to
stay
is
one
that
is
answered
readily
through
the
con/nuous
development
of
technologies
that
“Zynga Is Twice As Big As Twitter -- And Actually Profitable!”
create
more
seamless
peer
to
peer
interac/ons;
the
allowance
of
“Movie Rentals Might Be Coming to YouTube”
individual
IDs
connec/ng
across
“5 Ways to Attract and Empower Your Crowd”
mul/ple
pla_orms;
the
dominance
of
share
technologies
through
open
“Socia media wars - mommy bloggers vs PR Econsultancy”
source;
and
the
strong
adop/on
of
leading
brands
willing
to
jump
into
the
“Google makes a grab for Hollywood Dollars with contextual ads for Movie
fray
and
test
social’s
strength.
Trailers”
“Hulu Has More Viewers Than 2nd Largest US Cable Company, Time Warner”
“RIM tops the 100 Fastest-Growing Companies 2009 ...defying the downturn”
Isobar:
Our
Strength
in
Social
Media
We
are
bloggers
and
social
networkers
by
nature.
We
love
technology.
We
understand
social
media
and
its
inherent
rules
of
engagement.
We
build
rela/onships
in
this
space
and
stay
connected
personally
and
professionally.
We
are
passionate
about
We
help
clients
navigate
through
complexi/es
of
this
s/mula/ng
enduring
medium
and
help
them
understand
the
strategic
implica/ons
to
their
brand,
their
category,
their
products
brand
conversa/ons.
and
their
opera/ons.
Through
our
proprietary
technologies,
we
iden/fy
people
We
go
beyond
the
“buzz”
who
are
talking
about
brands;
where
they’re
talking;
what
they’re
saying.
We
can
tell
whether
there
is
a
gap
between
to
create
rela/onships
how
companies
want
their
brands
perceived
and
the
actual
with
the
right
influencers
consumer
percep/on.
and
consumers
that
result
We
help
clients
listen.
We
iden/fy
the
most
recent
in
long
term
loyalty
and
conversa/ons
and
counsel
clients
how
to
respond.
Through
constant
monitoring
and
engaging
we
will
iden/fy
authen/c
advocacy
for
influencers
and
influencing
conversa/ons
that
ignite
into
strong
advocates
for
client
brands.
your
brand.
We
will
help
clients
develop
a
new
mindset
about
social
media
and
leverage
deep
insights
to
help
inform
marke/ng
and
opera/onal
strategies
as
they
apply.
Contact
us:
Hessie
Jones
Office:
416‐682‐3783
VP,
Social
Media
&
Word
Cell:
416‐417‐1708
of
Mouth
Marke/ng
Hessie.jones@isobar.net
htp://twiter.com/hessiej
Isobar
North
America