2009 Social Media Predictions

Peter Kim today has produced a report with commentary from many people in the social media space about where they think social media will go in 2009. Here are some of the interesting points from it:

• “Although it is now cheaper to launch an initiative leveraging Web 2.0 technology – it requires qualified and passionate people to make them successful.” – David Armano
• “You may not always start the year as a leader, but you can certainly finish it that way.” – Rohit Bhargava
• “Doors are going to close all over the social web. Why? Because the money didn’t come the way people thought it would.” – Chris Brogan
• “The tipping point has not only *not* been reached, but could still tilt *away* from Social Media.” – Todd Defren
• “There’s a lot of fixing that needs to be done.” – Jason Falls
• “We’re going to develop a set of better metrics to help guide, direct and validate ‘commitment’.” – Joseph Jaffe
• “These will be cumulative events and interactions that will build brand loyalty for the companies that pay attention to them.” – Scott Monty
• “The recession will force revenue results out of social technologies.” – Jeremiah Owyang
• “Companies that focus on earning love will thrive during hard times, and kick ass when good times return.” – Andy Sernovitz
• “Suddenly, being Facebook friends with your mom will seem less ridiculous than following 4,000 strangers on Twitter.” – Greg Verdino

Personally I think it will be an interesting time. The rush we saw in 2008 for companies to be on a social networking site as a ‘me too’ factor will diminish, along with their willingness to spend lots of money without thinking about what they really want to achieve first. I also think it will get more personal with brands realising that it’s not about blogging as a corporation/business but using executives and staff to act as ‘faces’, blending personality with PR.

You can  download a pdf of the report here, or read the article in full at Peter Kim’s blog here.