Are you an early adopter or easily distracted?

 

 

 

Are you a moth to the latest must-try social media flame? An early adopter always looking to push the envelope, try new things? Or actually easily distracted, trialling the latest new thing instead of focusing on the challenging things you need to do?

There have been a number of new, and not so new social media news stories in recent weeks (if you don’t believe me, sign up to Techcrunch), but the one that has filled my Twitter stream the most is Empire Avenue.

Empire Avenue is essentially on online game that works on the basis of trading stocks and shares in yourself or your brand, the value of which is based on your social media activity. Therefore, the more you do the more you are potentially worth. As people invest you, and you pass / unlock certain aspects, your stock rises as does your ability to invest. All in fictitious online currency though, not real world cash – yet.

B2B

As a b2b marketer, I’ve watched as location based services like Foursquare and Facebook Places, have slowly began to monetize their audiences with time-sensitive deals. Buying sites like Groupon have also contributed to the phenomenon of securing big savings on retail products and services. Retail and leisure b2c sectors are seeing benefits but an effect on my clients and their customers is still some way off.

Priorities

I’m watching people get utterly sucked into some of these emerging platforms and I’m left wondering if it is affecting their business. Do I think that someone who runs Facebook, Linkedin and Twitter accounts, creates blogs and other content to drive inquiry, uses Foursquare, and digests/shares and comments on lots of other content, has time to deliver in their role, letalone play online games like Empire Avenue? No.

Business impact

I accept that there is something for everyone. But will Empire Avenue get you hired? No. Will Empire Avenue differentiate your business from a competitor? Doubtful. Will you be engaging with the same people you bump into as you journey the web? Probably. Will Empire Avenue have a tangible effect on your business? Unlikely.

Save some tenuous value figure I might apply to my social media work, and an inordinate amount of additional email in my inbox, Empire Avenue isn’t helping me.

And doesn’t that defeat the object? If new digital platforms hinder and confuse rather than help, what function do they serve other than to distract?

Image: Empire Avenue masthead

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7 responses to “Are you an early adopter or easily distracted?

  1. Good article and my weakness has been more around playing with new Twitter clients than new channels but you make a good point.

    Doesn’t it all hook back to the whole social media ROI issue? If something doesn’t add the value that you’re seeking to drive then it isn’t worth playing with.. Easier said than done.

    However, sometimes breakthroughs can come from unlikely areas and I believe we should be open to new things. One way would be to treat a new channel as an experiment and think about what is the cheapest & quickest way to establish if there’s any potential for you in a new channel.

    • True, but most companies don’t have measurable success metrics in place for conventional marketing let alone internet marketing. The challenge with new channels is that being first means you don’t have many people to experiment it with..? It’s an interesting debate for sure.

  2. I got an invite for Empire Avenue and got suckered in for a few visits. I’m over it now. Exploring all the tools and they can be fun but I think most are a distraction. If i could keep only one it would be linked in. Thanks for prompting me to “focus”

  3. Thanks for the info we are think of trying some B2B marketing to promote are new products so i just wanted to read up on it

  4. Pingback: Links worth a click #8 | The Marketing Assassin

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