Friday, 25 July 2014

The irresistible decentralized and monetized world of Social Media




Among the internet based communication mediums, email has always been for many years the most dependable way of communication. Only of late, the majority of communication is happening through more active and user friendly web interfaces which lets one achieve much more than just by sending electronic mails. The social networking companies have brought out a whole new cosmos of possibilities much beyond than just sharing information. This component of Social media has immediately become a breading platform to conceptualize, develop and sell ideas. With its open advantage of bare minimum operating cost – it’s more lucrative than ever earlier. For the users, hosting a profile on these social networking sites is actually an extended self or ‘virtual avatar'. It’s easy to exhibit likes & dislikes, select friends, telling them what’s going on with life, where did we go for vacation this summer and even occasionally expressing individual opinion on social matters. No doubt, the more information one puts around oneself in social media, to that extent the person will be like an open book to others. It may cause an adverse impact too on privacy, but one thing is for sure, if one can manage it, that person is already a celeb or at least in the making in one’s own individualized way.

Celebrity’ ism decentralized

So I say, Celebrity’ ism decentralized. Anybody and everybody are heading for fame. This is the holistic shift which social media vouched for in recent times. The strength of the individual profile in a social media site lies on the number of connections it has and how often it is updated with details of the events happening in individual’s life. This makes profiling more interesting and interactive with the masses. How? The influence of the profile starts growing each time a connection is added. One may start adding up friends initially, but soon crosses the boundary of friends and start adding those whom one doesn’t even know. And whenever there is an update in the profile, it is visible to all the connection equally. Some may appreciate and even at times negatively react. If one actually notices, every active profile has a fortune to utilize this and carefully craft a status of its own. With regard to traditional media, now a day, promotional campaigns of film, sports & political personalities definitely take a back seat in capturing mind share, if social media are not utilized. Social media makes anybody and everybody a celebrity because every person is heard, seen & so gets a due share of noticeable fame. For instance, pick up a social cause and you see people instantly liking your points and start following you. It offers equal opportunity for you to observe others and like their point of views too. All this cumulatively defines yours and others status, and I call it a personalized celebrity status even if you don’t have the intention to do so. No one else other than you are the brand promoter of your own uniqueness. This has been main driving factor for the masses to embrace social media.

Business ….decentralized

Today’s business is more socially conscious than ever. It seeks an easy reach and impact through social media. Mobility and Cloud, the driving engines for social media are enabling an environment for decentralized business to take place. Now, it’s easy to give wings to the ideas and open a startup. Mobility helps business to link with consumers who can reach desired products or services through mobile apps at the tip of fingers and cloud supports this architecture from almost anywhere. This, coupled with social media networking sites for marketing, one cannot conceive of a better business scenario than this. That is why, any existing business or a startup you name is either already or at least aspiring to have its social media presence at the earliest. This commercial enterprise model is so lucrative that one need not limit opening a business alone, one can be an investor too. Hundreds of startups today seeking for capital and equal scores of small and large investors are there to invest. What more simplified yet very aggressive business scenario, one can ever expect. Tremendous dynamisms to the business world all thanks to latest technologies coupled with Social media. Give few more years when the flavor of Robotics adds to it- will render all of us spellbound

 The core… reorganized

At the core of the social media are the social networking companies. These companies, in early phases of the social media rise were focusing on metrics around user growth and involvement. Only nowadays are trying to figure out other ways of generating revenue stream specifically through ingrained advertising or non-standard ad units that are explicit to the platform and are organically integrated into the content experience. The Mobility based business concepts like Instagram, Vine and SnapChat are all success stories, which represent a progression in social media by converging on the single essential utility of catching and distributing interesting content captured through mobile phone cameras. This is only an example to show how latest technology is reorganizing the core of social media by ever increasing its reach to the masses and speed with which people can interact with each other increasing the chances of monetizing it further.
 
Certainly, the world is getting monetized at a remarkable pace and social media is adding to it further. Every step one takes and moves one makes, there is a business opportunity to be reaped. Welcome to the irresistible decentralized and the monetized world of social media.