Take a look at your favourite brand's Facebook page. It's pretty mature, isn't it? It's well managed, it's active, those guys really know what they're doing. And it's not just Facebook - look at the way businesses use Twitter, Google Plus, Pinterest and a million other tools. Social has definitely come of age.
And then step back and put all this into context. It might seem like we've reached an end-point, like we've gone as far as we possibly can but, in truth, we've only just begun to scratch the surface of social's potential. How do we know that? Because it's happened before - with the birth of e-commerce.
Tesco is using social to get their audiences shopping. They and other innovative companies are using social very efficiently to engage with their customers, attract news ones and generate long-term loyalty. They have turned social into a transactional channel - and their buyers into marketers.
We are really excited to announce that we have been shortlisted for the Oracle Retail Week Awards with our client Tesco for their Co-buys powered by Buyapowa.
Oracle Retail Week Awards,
wine by the case,
Oh, ye of little truth. The co-founder of the private sales site vente-privee, Ilan Benhaim, recently told a crowded conference hall that his site added 10k users per day last year yet, rather surprisingly, doesn't pay for traffic. Apparently, it's all word of mouth in the private sales world. It's all buzz and peer-to-peer and social. Except, clearly, it isn't.
The digital age hasn't been kind to the financial services industry. On the one hand, online banking and self-serve product applications have facilitated enormous growth and resource streamlining. On the other hand, there's no such thing as loyalty anymore. A quick scan for 'credit cards' on Google gives a top search result for a price comparison site. And the second result? Another price comparison site. That's before Wikipedia's even defined what a credit card is.
Bank of America,
Local Offer Network,