Last week I attended The Future of Social Media conference at the London Bridge Hilton - what an awesome day and a fantastic array of speakers. For anyone that didn’t attend I’m sure you will agree that the way the consumer – us ‘the consumer’ utilise and leverage social media is mind blowing. For instance, take the recent example of a well known coffee shop chain which changed it’s company policy on the use of water based on the feedback and input from the consumer through opinion, feedback and blogging – what an amazing influential power Web 2.0 has placed in the hands of the consumer…
Another example presented last Tuesday was that of ‘Who’s opinion’s do you trust?’ – Obviously, amongst the answers were Friends, that of a professional etc but also on the list was Amazon’s review system & eBay’s seller scoring mechanism…………yet, we dont even know these people but their word, their opinion and responses to personal experiences all relate back to us as a source of trust and confidence when preparing to make purchase and we feel we can rely upon these. Another excellent example is Trip Advisor.com – who.. reading this ever makes a decision on travel, hotel stays without consulting this amazing resource of opinion and experience? I know I don’t; and the way in which the social media conundrum is growing and changing, we will discover even more examples, even more ways in which organisations change their policies based upon opinion and alter their marketing strategies based upon the direction and growth of Web 2.0. It’s an ever changing, new and exciting business to be in as I’m sure you will agree and as correctly pointed out at Tuesday’s conference…..no one still quite really knows the one answer on how best to embrace, manage and monetise this opportunity but already there are some amazing case studies and examples so I’m sure it is only a matter of time..
Thanks for reading, Dan











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