Of course,
this isn’t the first time that a social company has shaken things up. When
Twitter shut down Vine in early 2017, it was devastating for brands and
influencers that relied heavily on the video app to reach their thousands (and
sometimes millions) of viewers. By delivering content on a channel they neither
owned nor operated, they had given up the right to own their audiences as well,
and had to dramatically shift to new channels to stay afloat.
So what does
this mean?
It means that
brands taking a long term perspective by building directly-owned audiences will
ultimately be better off than those renting theirs from social platforms. Smart
companies need to be asking themselves: how do we build audiences that are safe
from external forces?
A brand
should own its audience and means of content delivery - and now more than ever,
the tools to do so are readily available. The elements needed for owned and
operated channels are simple:
Something
of interest that will drive people to your site.
This can
truly be anything, as long as it’s of value to your audience. Thought-provoking
and relevant content is a big one, like new blog posts, high quality video
assets, product stories, case studies, etc. Having a major sale is another
surefire way to draw people in. By driving consumers to your site, rather than
engaging with them on social, you are increasing the chance that they might
stay, look around, and become a repeat customer.
A
quality CRM and marketing system.
The marketing
value that comes from social platforms is their ability to gather, store and
distribute information about individuals. Understanding consumer behavior is
critical, which is why brands are drawn to using those channels. But with a
proper CRM, you have the ability to create your own system of collecting data
around your user behavior. Even on a small scale, mimicking how sites like
Facebook track user data will add value to your company and get you set up to
best market your products.
A
sense of community.
It’s
called social media
for a reason - people are simply drawn to other people. Creating a sense of
community on your own channel, where like-minded consumers can interact with
each other as well as with your brand, is definitely going to set you apart.
To put it
simply, companies don’t have to rely solely on Facebook and YouTube to
communicate with their followers, and every day we’re seeing more and more
moving in the direction of owning and operating their own channels. By driving
people to their own websites and delivering content to them directly, they are
ensuring their own future success and eliminating external risks altogether. So
the next time there is a shake-up in the social arena - which is a ‘when’, not
an ‘if’ - make sure you are not on the short end of that stick.
Still interested? Stay tuned for information on upcoming conferences and summits by following us on Facebook @ Akolade Aust
Written by: Fritz
Brumder
CEO & Co-Founder, Brandlive