Lecture Notes: Future of Social Media and Marketing Trends
Predicting Social Media Trends
- The speaker is known for successfully predicting trends in social media, notably TikTok in 2018/2019.
- Encouragement to use TikTok Shop and Whatnot for live selling.
- Emphasis on the "QVC vacation" of social media in the West, a trend already prominent in China.
Organic Content and Relevance
- Acceleration of organic content is crucial.
- Importance of non-overexposure and creating varied content for different consumers.
- Example given: Diversifying content to reach different audiences (e.g., featuring both Gary Vee and a female entrepreneur in her 80s).
- Strategy involves relevance at scale across various platforms (e.g., Facebook).
Facebook Strategy
- Importance of posting multiple times daily on Facebook to explode podcast reach.
- Focus should be on organic reach.
- Variety in content: 4-12 minute clips, full-length podcasts, and shorts.
Challenges with Facebook
- Issues with demonetization and reused content claims on Facebook.
- Suggested solution: Start a new page, potentially with a separate email.
- Followers are becoming less relevant in the current media landscape.
Transition from Social Media to Interest Media
- Shift from traditional social media to interest-based media.
- Proposal for platforms to have two distinct feeds:
- One with guaranteed views from followers.
- Another based entirely on user interests.
Rise of Virtual Influencers
- Prediction of significant growth in virtual influencers over the next 5 years.
- Suggestion for businesses to create virtual personas for promotion.
- Comparison to how Disney monetizes characters like Mickey Mouse.
- Example: AI-generated characters making substantial profits on platforms like Instagram.
Intellectual Property in Social Media
- Every individual is moving towards being in the intellectual property business.
- Idea that millions will own and monetize virtual personas, similar to large media companies.
AI and Content Creation
- AI-generated content already influencing social media.
- Improved realism in AI personas, indistinguishable from real humans in the future.
- Example: Profitable AI characters and their role in brand deals and OnlyFans.
Key Takeaways
- Embrace live shopping features on social media platforms.
- Diversify content across multiple platforms to maximize reach.
- Adapt to the shift towards interest-based media.
- Explore and invest in virtual influencers as a growing trend.
- Recognize the increasing role of AI in content creation and marketing.
These notes provide a comprehensive overview of emerging trends in social media and marketing strategies, highlighting both current opportunities and future predictions.