Evolving the Social Media Marketing Ecosystem
In January this year I put forward my thoughts on the social media marketing ecosystem in which we operate in 2010. It looked like this:
While this relatively complex model is great to help shape the thinking of organizations wrestling with a plethora of products, it’s also a little complex for organizations without those massive resources. These organizations, which comprise the majority of the market, just don’t have the staff, resources or time to deal with such a complex set of properties.
So, I went back to the drawing board – not to re-think the model, but to boil it down to one simple enough for the majority of people to digest. The result: a simplified model of the social media marketing ecosystem:
All of the complex dynamics within the original system are still accounted for within this simplified diagram, but the framework as a whole is much easier to digest.
In addition to earned, paid and owned media (summarized as “company website” and properties on other sites), this model has an additional sphere on top of Sean Corcoran’s framework, on top of which the original ecosystem model was developed – social networks. This raises the question – should Corcoran’s model have an additional row? What might it look like? (thanks to Joe Thornley for prompting this line of thinking)
It’s a tough call. For one thing, the “social media” row might look a lot like the other rows in many ways; borrowing aspects from owned and earned media in particular. For another, any definition of the role of social media is surely going to be controversial.
I’m a glutton for punishment though, so I put together a starting point – Corcoran’s model, revised with a new row for social media.:
Does social media deserve its own row here, or does its rapid evolution over the past few years simply mean it is intertwined among the other media types in today’s communications environment?
What do you think?