Couldn’t let this one go without some sort of comment.
Yesterday I was forwarded an email invitation to attend the breathlessly-billed ‘first ever Marketing (magazine) live webcast on monetising social media’. The only good thing about it is that it’s free – but, working on the principle that there is no such thing as a free lunch, I would imagine that sales messages are going to be sloshing over its gunwales and that the ‘highest rated speakers in this space’ are going to be ‘social media strategists’ one and all, representing the very finest in social media marketing service provision. But I’m just cynical about these things.
Anyway, it’s a free world, so if you’re interested, clickety-dickety here.
However, the bit that I couldn’t let pass without comment was this:
“Sites like YouTube, Twitter and FaceBook have been real cash cows for some marketers, but what are the secrets of their success?”
Sorry? Who, exactly, are these marketers for whom social media has been such a cash cow? I’m aware of a number of brands/companies/organisations that have pumped a lot of money IN to social media marketing – but I really don’t know of any who’ve found social media to be a ‘cash cow’. (And don’t get me wrong – I’d be very interested by, and grateful for, any good examples.)
Or are the marketers that have found social media to be a cash cow those who carped the diem and reinvented themselves as social media marketers – and are now rolling in fees chucked at them by brands/companies and organisations desperate not to miss out on what they’ve been told is the ‘next big thing’?