Shelly Palmer provoked me to think about whether I am "too into technology to understand real business." Yikes!
I'm sympathetic to the idea that many "social media" people live in a reality-exclusion zone where they only buy products from brands they can @message on Twitter. On the other hand, the “real business” folks can probably wait it out, but more and more of them are starting to wonder.
I talked to a small outdoor advertising business owner who might not be ready…but he’s intrigued. He gets online marketing and does aggressive SEM advertising. But social?
The shift to social marketing certainly made a splash but isn’t sustainable, really. In the early days of Twitter, most of the buzz about the promise of the service to transform marketing was being made by marketing people on Twitter. Is the future of one-to-one, fragmented media a self-fulfilling prophecy? Perhaps.
That being said, we’re starting to see the ways in which pure awareness advertising shifts into engaging digital and offline experiences that aggregate attention rather than interrupting a piece of content.
Advertising remains real and necessary, but it will increasingly be built around producing perceived value in and of itself. Pepsi’s PepsiCo10 strategy to take Refresh one step further and start funding new tech entrepreneurs is an bold example, and even if it’s on the wrong side of Wannamaker’s 50%, at least some millennials may get jobs.