Lets shift our budget to social media…
Posted by amy
Digital sometimes feels like one big circle. From shifting all money onto banners, to websites, to emails, to search and now to social one thing is clear – brands are still focusing on one part of the channel rather than a diverse channel that has many components.
I’m not disagreeing with the fact that social media is inevitably worthy of a brands attention – it is. But what I would be wary of is brands seeing it as a replacement of their website. Somewhere that they can now house content instead of a brand site.
To name one example Brand republic said yesterday…
according to comScore, Bacardi’s unique visitor numbers fell 77% between 2009 and 2010 – it is understood that the company will be shifting up to 90% of its digital spend to its presence on Facebook in the next one to two years.
Does Bacardi really need to shift this high proportion to Facebook? What happens IF the platform as a whole sees a decline? What’s the context of this quote? Is it shifting it’s spend (and it’s content) to facebook OR shifting it’s advertising focus to Facebook? (with it’s content being enabled to live across an array of platforms). With a decline in brand site visitors it makes sense to house content where the consumers already are but what brands do need to be mindful of is that simply having a presence is still not enough.
Facebook (and the majority of social networks) work on a real-time basis. Brands who simply post a status update and “expect” consumers to see it will gradually see a decline in engagement as consumers feeds get more and more crowded, and like the email mechanic that came before it, begin to simply ignore or unsubscribe from messages that are too frequent or irrelevant (which I’ve ranted about before!). Brands will simply end up in the same scenario but a different platform – people will ignore them on Facebook rather than ignore their brand sites.
For me it’s not a channel challenge, it’s still a creative challenge. If it’s a good idea, that you advertise and tell people about, that people then talk about and that people then engage with its irrelevent where it sits. It’s the content, not the final platform delivering that content, that is still king.