If there is anything we can count on in the digital world, it’s that it changes quickly. As the speed at which information is exchanged improves, consumer response to that information becomes faster and businesses want to be the first to know, and react in kind, to the consumer response.
Analytics are and will remain important for businesses. Twitter, Facebook, and Pinterest all have rolled out analyzation tools for their users. The new information will allow businesses to pinpoint which aspects of social media are drawing interest, and which are falling flat. In order to use this information effectively, businesses will have to be flexible, willing to discard strategies that aren’t working and acquire new ones, sometimes implementing strategies that are novel and creative.
Businesses have to be aware, and not just aware, but engaged with the public profiles of their employees. As businesses learned from this past year, a business, and the public profiles of its employees, don’t have a private life on social media. Everyone markets. On a public profile, employees of a company are representatives held up to consumer expectations. Consumers have the expectation that the companies they buy from reflect their own values. Which means employees have to be careful what they post on their public profiles and how they represent the brand.
Consumers are also wanting authenticity because it’s more relatable. As video and visuals become more common, there will be an upswing in the number of promotional videos that “sell” via real customer reviews, or through telling a great story. Consumers give greater points to a company that is doing more for the community than just making money off them. They will want to see the human, personal side of a company because it gives the impression that it’s local and approachable, versus an immense and untouchable thing that happens to employee people. Companies will find their videos going viral if they can make the consumer’s heart melt, by promoting caring rather than persuading them to buy.
But attention spans among adults are starting to change. Studies have shown that we actually read differently after a constant exposure to social media. Businesses concerned about consumers losing their ability to “read deeply” might focus on having quality posts of a longer length. But businesses who want to tap into the consumer trend of focusing on the most pertinent information in the shortest number of words, will use focus on implementing shorter posts and more of them. Microblogging, especially, will be useful for businesses interested in shorter, more frequent, posts.
Bigger companies will rely on an approach that incorporates both the digital tech and creative aspects of marketing. This means knowing a modicum of html speak will be of huge benefit to the social media marketing job-seeker. At the same time, smaller companies will discover that social media and blogging companies are catering to the DIYers by making their interfaces more user friendly.
Regardless, some argue that the age of the blog is starting to wane as companies discover other avenues of social interaction that work better for their business, and microblogging via tumblr and twitter take over. New social media outlets that are specific to certain subsets of people will begin to become more common. Purchase of ads tailored to these subsets of people will increase as consumers begin to make use of the hobby/interest-specific social media.
Hence, business owners will have social media managers who are given specific parameters of interaction – as much to ensure that there aren’t any social media faux pas which escalate into media debacles, as to ensure that the interactions are appropriate to the audience.
Immediacy continues to be an important aspect of digital commerce and, as such, will continue to force the direction of digital technology. As social media outlets attempt to shorten the distance between idea and action by experimenting with platforms that allow direct purchase of products, we’ll see the beginning of the end of third party distributors. Consumers will no longer have to go to a different website to purchase the product, but can purchase it right from their media outlet of choice.
This in turn will lead to a rise in ad sales on social media, as well as opportunities for individual bloggers to make more through affiliate links and acting as distributors of products endorsed on the blog. Because of this, authenticity will be even more important to the consumer who may not trust a blogger whose sole purpose in owning a blog is to make money off followers.
Overall, in 2015 we can expect to see a more tailored approach to the individual consumer. With every generation that passes the exchange of information has steadily grown swifter. The speed of that exchange has made a huge impact on the marketplace, both digital and otherwise. It will continue to do so and businesses will need to be prepared to take advantage of improved social media changes. Technology stops for no man.