I recently had a chance to talk to Chris Winfield, CEO of Blueglass -- a new integrated marketing company combining social, search, and other online capabilities -- about current and emerging
trends in social media. Our conversation touched on an issue that has been on my mind, and in the news, more and more over the last year: how advertisers can limit their dependence on social networks
and other third-party social media players by fostering more direct relationships with their target audiences.
"Advertisers are going to want to bring their audience with them and
hopefully control that audience within their own sites. One thing we'll see more and more of, is bringing all those conversations on Facebook and Twitter into your own properties" Winfield
predicted, in part by "marketers making Web brand sites more engaging."
Of course "control" is something of a misnomer, Winfield noted, as the consumer is in control every
step of the way; "audience share" or "access" might be better terms, or "relationship bandwidth" if you want to get jargon-y (my suggestions, not his). "And
that's not to say that you're going to abandon the big sites," he went on. "Clearly they're still really important tools for online marketing." But there are some very
convincing reasons "you should make sure you don't put all your eggs in one basket."
First of all, "things change so quickly now," Winfield observed: "MySpace two
years ago was the hottest thing out there, now it's almost fallen off the radar," and marketers who concentrated all their resources on MySpace are now scrambling to catch up with their
audience on Facebook.
This goes back to a dynamic I touched on in a previous column: the rapid
rise and fall of social networks, apparently due to simple novelty, with little to actually anchor audiences on any one site. According to separate figures from comScore and Quantcast, MySpace's
total U.S. audience has declined from about 74 million in May 2007 to 46.5 million in May of this year, while Facebook has soared from 35.7 million to 130 million over the same period. Or just think
about Bebo, a promising new social network purchased by AOL for $850 million in 2008, recently offloaded for an embarrassing $10 million. This volatility in audiences and valuation is amplified by
redundancy, resulting from the proliferation of new networks which do similar if not identical things (for example, the recent wave of location-based services).
And there are other
reasons to hedge your bets. As Facebook has demonstrated with its ongoing makeover, marketers can't always count on social networks to stick to their promises. This was best explained by Jeremiah
Owyang, a partner specializing in customer strategy with the Altimeter Group who took Facebook to task for its new community pages in a recent post on his blog, noting that the new pages (which use
the same logos) duplicate and compete with the official pages created by the brands themselves. Owyang pointed out that brand advertisers don't have any direct control over the community pages,
and also can't respond to inaccurate or hostile content.
So how should marketers go about hedging their bets? Winfield offered some general advice: "Keep it simple at first. If you
notice that people are talking about your brand online, create a forum on your site, and also engage with them in those other forums, and start to get some of those people over on to your site."
Some of the best targets are "people who are asking or answering questions about your product or service online. People like being experts, and there are cool, simple tools to add Q&A
functionality to your site." Winfield added: "The great thing about that is that not only are you allowing people to talk and interact on your site, but you're also able to do cool
things like find out where those users are from, demographics, other really useful data."