
I recently had a discussion about social media and how it was changing. Apparently there was a report on CBC Radio citing that usage of social media is on a decline. Granted, this is second hand news, but it did get me thinking about the future of social media.
Right now there is a number of players in the market: Facebook, Twitter, Foursquare, Google Buzz, LinkedIn and many other niche iterations of social media technology. You may have already noticed the growing fragmentation of social media channels. Very similar to what happened to TV with a sheer bloating of specialty channels to choose from. There are now literally thousands of channels, making it both harder and easier for marketers, consumers and everyone else in between. Let me explain.
Easier because with proper targeting and profile development marketers can REALLY dial into their consumers, while possibly keeping costs lower then before. These properly targeted campaigns with customized content will yield higher return on investment. Harder, because marketers are no longer able to easily blanket a mass market as they could before.
This same thing is happening with social media channels right now, with a slight twist. There is a rising number of services all competing for our social media mind share, each with its own specialty or appeal. For example, Foursquare is a great location based service where Twitter is a fantastic micro-publishing platform to flog your thoughts and links in headline format. MySpace is dying a slow death but has carved out somewhat of a niche with a music focus.
What I see happening, and perhaps very soon, is a consolidation of services. Once place to rule them all. Live geo-tagging, chat, contact covergence, threaded conversations, status updates, one-to-many and many-to-one, a place to give and receive recommendations and feedback in real time and probably a few other things we don’t even know are possible at this time. And all this will be fully mobile, living in a cloud, syncing seamlessly with all your technology from your laptop to mobile to desktop.
As a society, we are swinging back into community mode, as spoken about in the 80 year cycle theory (google it). If you combine that notion with the current pace of technology development, it’s evident we will seek ways to be and stay connected with each other on a much deeper level. Social media allows us to do just that. Technology and names may change, which is what I see happening with this coming consolidation, but principles will remain the same.
Social Media is here to stay!
So how can you best prepare for this coming evolution? Don’t be stiff. Embrace the coming of a super-connected age and be willing to release control. Your customers are already defining your business through blog posts, reviews and geo tagging. Provide them with the tools and a story to tell about your brand, supported by careful and very subtle nudges. Embracing this evolution means being aware of what your customers are doing, how they are communicating and where.
Embrace and be willing to change. Because it’s coming.
- Ernest.
In May 2009, Google released a new browsing feature called Wonder Wheel. This feature allows users to change the way they search. It enhances the way we browse and interact with the search engine.
Entire businesses have folded over a hurtful forum thread, propelled by Google searches and pure number of curious eyes.



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