Is social media for everyone?

July 2nd, 2009

Matt Hamm

Matt Hamm

cc. Matt Hamm

There have been lots of events, seminars and conferences over the past few months and I have attended or participated in a few of them. There is huge interest from businesses and marketeers, to explore if they can get an edge by using some of these new tools.

At one of these, Futureproof, we had Loren Feldman (1938media) taking the keynote slot to rant about social media, challenging many of the speakers from earlier in the day that the tools and technology of social media are bullshit. As to be expected, a few other profanities were thrown in to make his take interesting and entertaining, if not informing. But it is good to hear the challenge that it’s all bullshit - but what he was really saying was that connecting with your customers is an attitude and the tools are irrelevant. I agree with that, and he used an nice analogy of his grandfather who built up his “gas” station business by looking after his customers.

This got me thinking a little, as so often the questions being asked are about technologies - should I use twitter, facebook etc? Having now delivered lots of presentations and overviews about social media, I agree with much of the sentiment of Feldman’s talk - with the exception that Internet monitoring tools are for absolutely every business. Using twitter, blogs, facebook (and IGOpeople) etc. will definitely be suited to some types of business and marketeer more than others. Some will never need to create a twitter account or a blog. But all businesses should be listening to what is being said - about their brand, products and services and competitors. Why would you not want to know what people are saying? What are their needs, what is their attitude towards your product, your customer service, your pricing, your competitors. And the good news is it’s all so easy, to set up some keyword monitoring and notification.

So I think social media is for everyone - if only to listen.

I’ll blog a little more about which businesses can benefit from social media. There is research which shows the degree to which users engage in the Internet (Forrester, sociotechnographics) and I think the same model applies to businesses - some will be publishers and get involved in conversations - others will just listen.

The Buzz from Bizcamp Belfast

May 17th, 2009

Here’s my presentation (or rambling thoughts) from Bizcamp Belfast. Just some thoughts but it got a nice discussion going.

The day was great, with some excellent, honest talks by Keith Bohanna (dbTwang), Calean King (Revahealth), Barry Lynch (NiftyNosh) and Kev Traynor (Sonic Academy). Starting a business is no walk in the park, so it’s great to see all the different approaches and share some of the challenges we all face. I hope this was as much use to all those attending as it was for me.

Well done to Andy McMillan for organising yet another great event - he has a bit of recipe going.

I’ll put some links up to the other presentations when I find them.

Newspapers - down and out

May 3rd, 2009

I’ve talked about the decline of newspapers a few times before, however a couple of articles, including to one in today’s Sunday Times, that show that for some, the time has come to stop printing. A very significant number of US papers have stopped the presses and are now completely online. The rate of decline has been very significant for some, with the Sunday Time’s piece recording a 10% drop in readership in nine years, with online readership growing at 10% per annum.

Gordon Crovitz gives his opinion that one opportunity for newspapers is to charge for viewing on mobile devices, such as the iphone or Kindle ebook reader. I’m not convinced - content has become available for free on the web, and can be accessed by many mobile devices today, through browsers or RSS readers. I can’t see people pay a premium, and certainly no where near the price of a daily newspaper, to get a packaged version of the paper on their mobile device. So what is the answer for newspapers? In my opinion, cut costs and if necessary, move to an online only version - just like some of those in the US are doing.

Boxer walk away from DTT

April 20th, 2009

The announcement came today that Boxer (and Communicorp) have decided not to progress with their DTT license, awarded by the BCI last summer. Reports today claim that “economic circumstances and challanges in hammering out a contract with RTÉ Networks” where the reasons for not progressing. Oh!

So with a false start to DTT in 2002, and now Boxer deciding to walk away from the opportunity, what are the chances of DTT happening anytime soon? The BCI seem to be taking the best option of engaging with OneVision (disclosure - I helped with the OneVision bid). That’s fine, but what if the same economic conditions have impacted OneVision’s appetite to invest in DTT? The worst outcome must surely be that another competition is needed, which would delay any service, potentially by years.

So in the meantime, Ireland’s high adoption of satellitte and cable services will continue to grow, squeezing the opportunity to support a viable DTT service. This would also limit the options for free to air services across the country in the longer term. Analogue TV has to be switched-off, or our UK neighbours won’t be too happy. This could leave many households with no free to air option for television.

The economic circumstances that Boxer talk about are real, but this must be Ireland’s last real chance of getting a viable digital terrestrial television service to become a reality. Let’s hope the BCI can navigate their way to a good outcome - before satellitte, cable and internet become the only ways to receive our telly.

Seismic changes afoot for media

April 2nd, 2009

I came across an interesting summary of the state of the media market in Ireland, by Ivan Yates in The Irish Times.

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Some dramatic figures are quoted - RTÉ advertising revenue down €68m this year! Estimates of total advertising spend in Ireland down 30%. The economic challenges facing most markets have contributed to this hugely - Ivan pointing out that the value of property advertising or motor supplements have disappeared, almost over night.

Internet has held up a little better, with recent IAB figures showing a 10% growth in the US during 2008. Ivan points out that young people are spending their time online - but this modest and slowing growth in Internet advertising is not stealing the huge advertising spend that was placed on traditional media until now.

His estimated 30% reduction in advertising spend is dramatic for any industry. There are few signs of the declines reversing quickly and so 30% may even be conservative. So will the outcomes he talks about come to fruition? Consolidation and media conglomorates? It seems to be starting, so keep and eye on out for the Irish Murdoch and then we can judge if the media are talking us into recession.