To many, the Big Four ‘channels’ in general social marketing are Facebook, LinkedIn, Twitter and MySpace.
Most of us working in social media agree that MySpace has already gone (long, so long, ago…like, 8 months ago!) the way of the dinosaur, just as with Second Life (which has seen a slight resurgence, but, really people, let’s focus on reality) and before that, Friendster, among many others. And that focus is what the new numbers support – MySpace’s percentage of social networking site traffic dropped 55%, from 66.8 to 30.3%, in the last year.
MySpace, smartly, has decided to restructure its focus from social networking to gaming. Social media is all about targeting niche markets and MySpace’s decision reflects that on a broad scale.
Facebook’s traffic, on the other hand, is multiplying like bunnies, from 19.9 to to 58.6% of all social media site traffic in the last year. Add to that the fact that one in four web site views are driven by Facebook, and you have yourself a monster of an opportunity to target niche markets and create great WOM grassroots communications.
Twitter is showing a lull in growth, leveling off at about 20 million users per month. Likely because people and businesses are still struggling with finding the time to tweet and the time to figure out what the return on their Twitter efforts is – and what they want it to be. It’s hard to reach your goal if you don’t have one, and for some, Twitter might be the wrong tool period.
LinkedIn has snuck up to 50 million users, with the ranks of the unemployed flocking to the service to take advantage of their networks. Businesses are also taking advantage of their LinkedIn connections to find suppliers, partners, and employees, as well as take advantage of the mountains of information helpful group members and experts are willing to share.
But all this info on numbers and growth and usage rates and traffic can only lead one to wonder – what’s next? Will services like Facebook, Twitter and LinkedIn continue to grow and evolve – and how? Where’s the big new idea that will take social media to the next level? Will it come from Facebook or will a stealth competitor emerge from the electronic ether?
It remains to be seen, but I can’t wait to see it!