Brian Elliott, founder and chief executive officer, Amsterdam Worldwide
Brian Elliott, brandrepublic.com, Wednesday, 21 November 2012, 8:30am,
Brian Elliott, founder and chief executive officer, Amsterdam Worldwide
Recent, and increasingly desperate, efforts by some players in the social media space to monetise their audiences and convince investors that they have a sustainable business model, has many of these players looking distinctly old world.
Package it any clever way you want, it is the provision of an audience to a brand in exchange for money, which is advertising. Advertising - apparently not dead yet.
The media part (ie, the way we make money from this stuff) is now overwhelming even the most social of social media brands. The problem is the nature of the beast lies not in the media part but the social.
Imagine a dinner table filled with friends and family. Laughter, smiles, maybe a good argument or two.
Now imagine one person holding up a sign offering cheap deals on hotels, while another holds a sign telling you about the song they just bought on iTunes. All the while the conversation continues.
Someone else holds up his bottle of beer and asks you to 'like' it. And three days later that brand is still popping up begging for your likes. Creepy? No kidding. Yet that is what is happening in a lot of social media spaces today. "This dinner brought to you by Alka Selzer". Yuk.
We don’t mind advertising when we get something in return. All those Olympic sponsors ensuring we get to watch our favourite sports for free or that terrific series which would not be possible without ad support.
But there is a time and place. Our intimate conversations, such as we now hold them in social media, are not that place. Even if you technically can insert yourself into that conversation, don’t.
So how should brands behave?
We believe that the purpose of the virtual for a brand is to get you closer to a real experience. Most brands survive by selling real products to real people in real physical settings. Even the virtual brands are rather fond of real money.
Brands need to be useful and take action in this fast paced social environment and in order to stand out from the crowd, the agencies that support them should strive to create platforms and content that are both worthwhile and worth talking about.
For what it’s worth, here are my thoughts on the matter:
Ultimately, nobody knows anything, as two-time Academy Award winning screenwriter William Goldman once said about trying to pick movie hits.
We don't really know exactly how, and sometimes if, any of this social business is going to work.
Don’t let that deter you though. You need to constantly think of improvements you can make.
Branding today needs to think more like software. It is a continual work in progress. So get started. But spend more time thinking about what it really means to be social first.
This article was first published on brandrepublic.com



