Now that we can all admit that Twitter has gone from a geek-exclusive curiosity to a fully entrenched component of mainstream culture, I grow “curiouser and curiouser” at what the shelf life for this microblogging phenomenon will be – or if there will even be one.
It’s a question that’s been explored in the press, with some screaming “fad!” and others already embracing it as a cultural mainstay. For business purposes the question carries added weight, as companies hem and haw over just how much of their already-taxed marketing resources to devote to something that may turn out to simply be the flavor of the month.
I’ll admit that I was hesitant about Twitter at first and I still occasionally have concerns about its implications for society as a whole. But its practical application as a business tool is huge, and I’ve come to recognize its value as another outlet for engaging with media, analysts, clients and colleagues. Most of the time either I or an associate have used it to pitch a reporter or capitalize on an industry trend, which translated into tangible benefits for a client. In this respect I’ll absolutely attest to its usefulness.
But that still doesn’t answer the question – how long does it have? I ask this not because of my initial reticence to see its value, but simply, objectively, because of the sheer speed of its rise to prominence. Many took notice of the recent MySpace news that the company is cutting its workforce by 30 percent, an obvious indication of its rapid overexpansion and inability to see beyond its own shelf life. Facebook, having gone through more identity crises than Lindsay Lohan, may face a similar fate. Yet neither of these networks seem to have penetrated the mainstream consciousness as quickly as Twitter. So does this mean its fall, if it comes at all, will be equally as rapid?
Maybe. Maybe not. MySpace has never been used as substantially as its counterparts for business purposes, but its example should still be seen as a cautionary tale. Regardless, companies need to think long and hard before putting all their strategic eggs in one social networking basket, be it Facebook, Twitter, LinkedIn, etc.
Social networking tools should be viewed as just that – tools. A means to an end. Companies should always be seeking new ways to communicate messages as broadly and effectively as possible to the right audiences, using the tools that will facilitate the growth of relationships meaningfully and genuinely. A comprehensive new-media strategy will incorporate any and all tools that will enable this, but will also allow the flexibility to pull back on the use of those that cease to provide value.
The nature and speed of today’s social networking environment is such that Twitter may be around for years to come – or it may be gone within a year. The best thing a company can do right now is to prepare for either scenario.
By Mark Van Hook