The Future Of [Social] Media

Graeme Wood
Graeme WoodNational Director, Strategy and Solutions at Starcom
The Future of Social Media
                Graeme Wood
       http://graewood.blogspot.com/
1
What I’m not going to talk about...




1
…or…




3
What I am going to talk about




4
What is a brand?




5
We are social animals




                            Michael Middleton – Flickr 2008




6
Industrial Marketing




7
The production line



    Awareness   Interest   Desire   Action   Consumption




8
And how did that work?




9
And did we?




              http://www.flickr.com/photos/menlo/936175848/11



10
Not this….




11
What has changed?

       Economics: The science which studies human
       behaviour as a relationship between ends and
       scarce means which have alternative uses
           Lionel Robbins
           The Nature and Significance of Economic Science (1932)




12
What will happen next?




13
Scarcity and Abundance




14
What will a brand be?




                             Source: UK Brand Tags




15
Recommendation and Reputation




16
Markets are conversations.
              Conversations among human beings
              sound human. They are conducted in a
              human voice.
              Markets consist of human beings, not
              demographic sectors.
                                 The Cluetrain Manifesto, 1999


     quot;We always overestimate the change that will occur in the next two years and
                                                                    two
     underestimate the change that will occur in the next ten.quot;
                                 Bill Gates, 2008




17
Intelligence Development




18         http://visualgadgets.blogspot.com/2008/06/graphs-and-networks.html
Information systems




19
Opportunities not to see




20
What is technology




21
What will media look like?




22
THE STAGE


                    Message broadcast
                       at audience




     Scale = audience = where the eyeballs have gone
23                                       David Cushman FasterFuture.blogspot.com
They aren’t looking
                             at The Stage.
                            They are looking
                              at each other




     Scale = lots of communities of purpose = where the eyeballs are focused


24                                                    David Cushman FasterFuture.blogspot.com
But what does all this mean?




25
Rampant Disintermediation




             http://uk.youtube.com/watch?v=7xAA71Ssids

26
The role of a brand in the age of industrial
      marketing no longer exists

     Attention is scarce and expensive.
       Media is not


     We already have tools to avoid advertising
       They will increase exponentially



27
What to do about it

          People haven’t changed
          We are a mass medium
          Markets are conversations
          Be part of the conversation
          Embrace failure
          JOIN IN



28
People haven’t changed


                   Tell me and I’ll forget
                   Show me and I’ll remember
                   Involve me and I’ll understand



29
We are all individuals




30
Light lots of fires




31
We don’t ignore advertising




32
Fail Little & Often

       quot;..our company's success rate runs between 50
       and 60 percent. About half of our new
       products succeed. That's as high as we want
       the success rate to be. If we try to make it
       any higher, we'll be tempted to err on the side
       of caution”
                A.G. Latley – CEO, Procter & Gamble



33
We are the eighth mass media




34
What about Content?




        Didn’t that used to be king?
35
Something to talk about
     Content isn't king.. If I sent you to a desert island and
     gave you the choice of taking your friends or your movies,
     you'd choose your friends -- if you chose the movies,
                                                king.
     we'd call you a sociopath. Conversation is king
     Content is just   something to talk about
           Cory Doctorow


36
This isn’t a new idea……




37
How to be talked about




38
Commitment not campaigning




39
Piracy is just another competitor




40
Why so serious?




          http://upload.wikimedia.org/wikipedia/commons/4/46/Colorful_Clown.jpg11




40
Communication = Dialogue




                                  LISTEN



                     http://www.flickr.com/photos/beebe_library/3042545758/



      Listen to the customers you don’t have – there are far more of them
                                                      Peter Drucker
41
Marketing is customer service




42
We are what we share




43
Experiences will always be scarce
           Abundant                   Scarce




                             ENABLE
          You
              r ad
                     her
                         e



44
So what should brands do?



       Be useful
               +
          Be interesting

45
Conversation not conversion




46
Join in




               You have to be part of the conversation
                   in order to advise clients on it




47
Learn from others
          Faris Yakob (McCann Erickson)    David Cushman (Brando Digital)
          Talent Imitates, Genius Steals   Faster Future


          Rohit Bhargava (Ogilvy 360)      Mark Earls
          Influential Marketing            Herd


          Kevin Kelly                      Paul Isakson (space150)
          The Technium                     Paulisakson.com


          Neil Perkin (IPC)                Alan Moore (SMLXL)
          Only Dead Fish                   Communities Dominate Brands


          Matt Mason                       Justin Billingsley (Orange)
          The Pirate’s Dilemma             The Feed


          Andy Hobsbawn (agency.com)       Noah Brier (Barbarian Group)
          Do the Green Thing               Noahbrier.com
48
Carry on the conversation….




                      Graeme Wood
             http://graewood.blogspot.com/
49
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The Future Of [Social] Media

  • 1. The Future of Social Media Graeme Wood http://graewood.blogspot.com/ 1
  • 2. What I’m not going to talk about... 1
  • 4. What I am going to talk about 4
  • 5. What is a brand? 5
  • 6. We are social animals Michael Middleton – Flickr 2008 6
  • 8. The production line Awareness Interest Desire Action Consumption 8
  • 9. And how did that work? 9
  • 10. And did we? http://www.flickr.com/photos/menlo/936175848/11 10
  • 12. What has changed? Economics: The science which studies human behaviour as a relationship between ends and scarce means which have alternative uses Lionel Robbins The Nature and Significance of Economic Science (1932) 12
  • 13. What will happen next? 13
  • 15. What will a brand be? Source: UK Brand Tags 15
  • 17. Markets are conversations. Conversations among human beings sound human. They are conducted in a human voice. Markets consist of human beings, not demographic sectors. The Cluetrain Manifesto, 1999 quot;We always overestimate the change that will occur in the next two years and two underestimate the change that will occur in the next ten.quot; Bill Gates, 2008 17
  • 18. Intelligence Development 18 http://visualgadgets.blogspot.com/2008/06/graphs-and-networks.html
  • 22. What will media look like? 22
  • 23. THE STAGE Message broadcast at audience Scale = audience = where the eyeballs have gone 23 David Cushman FasterFuture.blogspot.com
  • 24. They aren’t looking at The Stage. They are looking at each other Scale = lots of communities of purpose = where the eyeballs are focused 24 David Cushman FasterFuture.blogspot.com
  • 25. But what does all this mean? 25
  • 26. Rampant Disintermediation http://uk.youtube.com/watch?v=7xAA71Ssids 26
  • 27. The role of a brand in the age of industrial marketing no longer exists Attention is scarce and expensive. Media is not We already have tools to avoid advertising They will increase exponentially 27
  • 28. What to do about it People haven’t changed We are a mass medium Markets are conversations Be part of the conversation Embrace failure JOIN IN 28
  • 29. People haven’t changed Tell me and I’ll forget Show me and I’ll remember Involve me and I’ll understand 29
  • 30. We are all individuals 30
  • 31. Light lots of fires 31
  • 32. We don’t ignore advertising 32
  • 33. Fail Little & Often quot;..our company's success rate runs between 50 and 60 percent. About half of our new products succeed. That's as high as we want the success rate to be. If we try to make it any higher, we'll be tempted to err on the side of caution” A.G. Latley – CEO, Procter & Gamble 33
  • 34. We are the eighth mass media 34
  • 35. What about Content? Didn’t that used to be king? 35
  • 36. Something to talk about Content isn't king.. If I sent you to a desert island and gave you the choice of taking your friends or your movies, you'd choose your friends -- if you chose the movies, king. we'd call you a sociopath. Conversation is king Content is just something to talk about Cory Doctorow 36
  • 37. This isn’t a new idea…… 37
  • 38. How to be talked about 38
  • 40. Piracy is just another competitor 40
  • 41. Why so serious? http://upload.wikimedia.org/wikipedia/commons/4/46/Colorful_Clown.jpg11 40
  • 42. Communication = Dialogue LISTEN http://www.flickr.com/photos/beebe_library/3042545758/ Listen to the customers you don’t have – there are far more of them Peter Drucker 41
  • 43. Marketing is customer service 42
  • 44. We are what we share 43
  • 45. Experiences will always be scarce Abundant Scarce ENABLE You r ad her e 44
  • 46. So what should brands do? Be useful + Be interesting 45
  • 48. Join in You have to be part of the conversation in order to advise clients on it 47
  • 49. Learn from others Faris Yakob (McCann Erickson) David Cushman (Brando Digital) Talent Imitates, Genius Steals Faster Future Rohit Bhargava (Ogilvy 360) Mark Earls Influential Marketing Herd Kevin Kelly Paul Isakson (space150) The Technium Paulisakson.com Neil Perkin (IPC) Alan Moore (SMLXL) Only Dead Fish Communities Dominate Brands Matt Mason Justin Billingsley (Orange) The Pirate’s Dilemma The Feed Andy Hobsbawn (agency.com) Noah Brier (Barbarian Group) Do the Green Thing Noahbrier.com 48
  • 50. Carry on the conversation…. Graeme Wood http://graewood.blogspot.com/ 49