Social networking site Facebook co-sponsored a conference over the weekend called 'Authentic Communications -- Examining Social Media & The Online Conversation.' The keynote speaker was FaceBook's VP of Corporate Development and Chief Privacy Officer, Chris Kelly.
I don't know for sure what was said at the conference but I'm betting it was something along the lines of... Social networking sites present a marketing innovation that will revolutionize the advertising industry, change the way companies talk to their customers, blah, blah, blah...
Before you start wondering, "What exactly is a paradigm shift, anyway?" take a deep breath.
Social networking sites like Facebook and MySpace have been made popular largely by the exhibitionist tendencies of the young. These sites do indeed present an exciting, new way to talk to young people. But that hardly means EVERYBODY should start advertising on one of these sites.
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It's become a popular trend to give a brand its own MySpace profile. Which makes sense if your brand is one that young people care about, such as Rocky skateboards, retailer Abercrombie & Fitch or rapper Akon.
But brands like Girl Scout cookies and the Multiple Sclerosis Society now have their own MySpace profiles. Why? Who but a bunch of advertising/marketing geeks will actually go looking for these profiles? Because Facebook and MySpace are websites, my friend. One doesn't accidentally come across a MySpace profile the way one does a magazine ad.
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Remember the dot com crash? Actually, all that crashed were the dumbass ideas that rejected basic marketing principles. Don't forget that the next time someone tries to tell you that your company will be obsolete if you don't slap something up onto Facebook right now.
Addendum (posted 2 April 2007)
The conference, 'Authentic Communications -- Examining Social Media & The Online Conversation,' hasn't happened yet. It will be held on April 24th. Sorry for the misinformation and thanks to Steve for pointing it out!
Source: Wikipedia