So as an organization looking forward, where will this social media ride take you?
While there is no glass ball that can tell us what the future of social media will look like, examining the current state of social media can help identify natural developments that could shape the future social media world.
Here are a few theories about what developments may appear in the years to come:
- Investing: Many businesses will increase their investing in social media and decrease in advertising.
- Separating uses: More social networking sites will be created that allow users to keep their personal and professional lives separate.
- Content filtering: Better filtering of content on social networking sites so users can customize what they want to see.
- Interactive features: More interactive social networking options that allow business people to communicate and debate in real time, and make message board/chat room-style communications possible, resulting in more dynamic business interactions.
- Transparency: More organizations will show an “unvarnished sense” of who they are and what they believe in, which will help gain customer trust.
YouTube – Almost 70 per cent of marketers plan to increase their use of YouTube, the second largest search site. Increasing your organization’s YouTube presence can improve your search engine strategy.
Facebook – Ninety-two per cent of marketers currently use Facebook and 66 per cent of marketers plan to increase their use of Facebook. As the only social media site in certain areas of the world, Facebook has a large reach that can be leveraged by your organization.
Blogs – Sixty-six per cent of marketers plan to increase their use of blogs and 71 per cent of business-to-business marketers are more likely to increase blogging activities. “Blogs provide an owned content platform”, giving increased value to the organizations that own them.
LinkedIn – Almost 80 per cent of business-to-business marketers and 65 per cent of marketers plan to increase their use of Linkedin. As a tool created for relationship building with prospects, customers, influencers, experts, suppliers and distributors, it offers organizations and individuals a great opportunity to connect and benefit from one another.
Twitter – Sixty-four per cent of marketers plan to increase their use of Twitter.
Now that you have some ideas as to how social media may change, remember that it’s important to re-examine your social media strategy on a regular basis and determine where you see the most value for your organization.
- While YouTube is also a search engine, don’t discount it as a valuable social media tool.
- Businesses see the value of social media networks and plan to increase their use accordingly.
- Revisit your social media strategy every year and incorporate new social media functions where appropriate.
Submitted by: Candace Berner-Rubie – SMBP Student, University of Waterloo.
If you have concerns as to the accuracy of anything posted on this site, please send your concerns to Peter Carr, Program Director, Social Media for Business Performance.