It is hard to imagine that social media is roughly 25 years old. It has become such an everyday aspect of our lives that it is hard to believe that there was a time before social media, meaning there was a time before the Internet. The Internet came to a lot of our lives in the early 1990s, but it took some time before it hit the fingertips of users in homes. This is the same with social media. From 1997 to now, social media has changed drastically. From simple reasons to everyone having smartphones with social media networks right there, to businesses utilizing the networks to make money, social media has changed the way we communicate, live our lives and do work. Let’s take a look at how social media started and look at how it has changed over time.
A Time Before Mark Zuckerberg
If you ask the average person what the first social media network was, we can bet most would say Facebook. Some would say MySpace, and a couple would say Friendster. Take it a step back even further and you’ll find a website called Six Degrees. This was the first social media network that, you guessed it, aimed to connect people from six degrees of separation. A cool concept, but it didn’t last very long. After a short four years, the website was shut down (although still accessible when we checked it out!).
This concept proved to be something users enjoyed and wanted more of. A couple months after Six Degrees “shut down”, Friendster and LinkedIn appeared on the scene. And not long after those came MySpace – the network that really upped the social media game.
MySpace had everything a social network user desired – a way to share photos, videos, flies and connect with friends. Who remembers Tom? Everyone was friends with Tom! Timing was also perfect for MySpace since their target audience was either just entering high school or college, thus creating a niche for finding new friends, dating and networking.
However, here comes Mark Zuckerberg and Facebook in 2004 and it really blew every other social network out of the water. It started as something only for Harvard students, but quickly expanded to other colleges and universities. And then, something that was only for young adults with a college email address, opened its virtual doors to anyone 13+. And now we all know how the story of Facebook went. But why did it succeed when others didn’t?
Advertising and Monetization
Besides being desired by everyone who didn’t have a .edu email address, Facebook’s success can be linked to its ability to profit from users. They really did think out a solid business model when it came to advertising and monetization of Facebook. By giving businesses a way to directly market to their target audience, Facebook started to really rake in the money. Other networks then started to copy.
Big players in the social media game like Twitter, Instagram, Snapchat and YouTube followed with similar advertising and monetization success stories. It seemed like everyone would be a winner from the business to the social network to the user. But is the market too saturated now?
Being Different in Social Media
From a business perspective, it is important to look closely at your target audience, their likes, dislikes, desires, wants, needs, etc., and find out which social media networks they use on the reg. Even though new social media networks still tend to pop up, they don’t ever really seem to catch on like Facebook did because they are just duplicating the efforts and not doing anything extraordinarily new.
This is how a business should also approach social media when using it. Social media is all about breaking the mold and doing something outside the box. Social media can be a place where something new is tested on a market, where users connect and grow with a brand and where business comes full circle with stories from A to Z of how it has helped someone.
Social Media is Here to Stay
Love it or hate it, social media will be here to stay for the long haul. From just the United States to now the whole world, people can connect with each other and see, hear and literally do things together on the Internet, though miles apart. Of course social media will change and veer off onto different paths as all businesses do, but for the most part, the concepts will remain unchanged.
As a digital marketing agency, we highly recommend checking out all of the social media channels available to you and decide which one or two you’d like to focus on the most. We can also talk about advertising budgets and which options might work best for you and your target audience. Connect with us on Facebook, Instagram and LinkedIn, plus find us on Google My Business, and let’s talk social!