Will We See a Backlash Against Social Media, & a Renaissance of Old Media?
Posted on February 16th, 2010 by John SostakDon’t bet on it. Arcade Digital is firmly planted on the side of new media, and social media marketing. Micro blogging and niche communities offer a perfect fit to advertisers trying to target a demographic for clients with ever shrinking advertising budgets.
I am responding to a very interesting blogpost by Greg Satell. His take on social media marketing. It is called 5 Social Media Myths, and I think he could not be more off on his theory. His belief that there will be a backlash against social media, and a renaissance for old media is a 180 from my beliefs, and it is trending toward my beliefs.
I replied below. Hope you enjoy. Please let me know your thoughts.
You’re way off on this blogpost Tonto. I, and millions like me use social media each day for buying. Not to mention this is what is working for our businesses and our clients businesses. Amazon has never advertised anywhere but online, and they are the Wal Mart of the web, because of their community.
Yelp is more important to a business then all 4 major networks…put together. That may seem a bold statement. I will stand behind it in 5 years if you throw it in my face because they close shop, and their is a 5th major network.
Brand is becoming less important everyday, which is why every retailer has a private label option (not generic). I buy the Kirkland brand at Costco, and we haven’t seen them advertise. 7-11 is a client of my companies, and they have rolled out a private label, and it works! A private label selling well in a c-store!
TV is providing pay per inquiry airtime, because they and their agencies cannot fill all the open slots.
I think the social media promotional strategy is the only innovative advertising strategy for a big brand. See a post I did on Tempur-Pedic and their Twitter approach, http://arcadedigital.com/johnsblog/archives/369 It features a CNBC interview with their CEO Mark Savary.
I believe the backlash will be the opposite of what you predict. I believe unsolicited advertising will become a brand killer. As we become busier and busier, our time becomes more valuable. Brands that interrupt our lives, will be blacklisted. The big brands that build great social media buzz, will be viewed positively, and will be embraced.
Good post, but you are missing the bullseye…unless you are trying to build online buzzzzzzz…
Tags: social media









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