Obsessed with social media? Me, too.

Is it just me or is the social media bubble expanding faster than Kirstie Allie’s waistline?

Between the buzz around Facebook’s recent $15 billion valuation, the hype about their much-anticipated advertising platform, and the steady stream of “one-of-a-kind” social media companies popping up daily, it does feel a bit like we’re all drinking the Kool-Aid.

Heck, even Oprah and Martha Stewart have hopped on the bandwagon.

With every Tom, Dick and Harry Venture Capitalist throwing their money at the next-best social media monolith, it’s easy to lose site of the fact that we’re not just in the thick of an investment-frenzy; we’re part of a revolution.

Social Media = Democracy
The internet is—in a very real way—becoming democratized (at last!). Not only can you reach virtually anyone, anywhere or get information about anything online these days… but you can actually participate! Have a voice! Share all of your [boring, ridiculous, unnecessary… or in my case, totally brilliant] opinions about everything from the HDTV you just purchased to the color of the lint you just found in your bellybutton.

It’s democracy in it’s purest form: everyone truly has a voice. No longer can we blame “the media” for drowning us in propaganda or tricking us into poor choices. (Instead, we can blame our friends, colleagues, and the self-proclaimed experts and “bonafide geniuses” whose blogs we foolishly read.) Where once you had to be famous, infamous, or very well connected to get in the public eye… now, you just need a live internet connection and a desire to express yourself.

Wrote a book? Self-publish it!

Took a picture? Post it on Flickr!

Aspiring filmmaker, actress, or musician? Whip up a sample video and pop it on You Tube!

Pissed off about the crap PC you bought and the even crappier Vista operating system that came with it? Post your raving mad feedback on Microsoft’s website!

Sure, everyone has a voice. But is anyone listening?
As the social media phenomenon gains momentum, so do the possibilities. The question is… beyond our own vanity and relentless desire to be entertained, is there any real purpose to all this “interaction”? Does anybody really care to watch, read, and listen to all this User Generated Noise?

Yes, yes, and undeniably YES!

Side note: I would assume that our sick fascination with reality TV is also responsible for fueling our fascination with social media (guilty!). If I were a geneticist, I’d place my bets on a single gene being responsible for both of these guilty pleasures—and probably for all the neck-craning that happens when we drive by car wrecks, too. But I digress…

Our appetite for new venues in which to assert our brilliance, our uniqueness, and our popularity is virtually boundless:

  • 50 million Facebook users
  • 3500 photos added to Flickr per minute
  • 55 million YouTube users (11.6 million of these are over the age of 55)
  • 713,00 daily active users of the iLike application on Facebook, which allows users to share, rate, and recommend music. Another 15 million registered users on iLike.com

Apparently, we have a lot of opinions and we’re not shy about sharing them. How very American.

Social media will save the world… Now what?
Even if I’m wrong about what drives our interest in both contributing to and consuming the social media bubble (though being a genius, I am very rarely wrong), this much is indisputable: it’s not going away.

If you’re a smart marketer (and let’s face it—most of you aren’t), you’ll get on the ball lickety split and formulate a solid strategy for leveraging this growing phenomena… bearing in mind, of course, that the rules ain’t the same old rules that have made you the fat, lazy dinosaur that you are.

For starters, forget about “positioning” or “packaging” or any of the other P’s you learned about in Marketing School. Social media scoffs at these! The power of User Generated Content embraces a more democratic set of values: like sharing, engagement, authenticity and community.

I’d love to tell you more, but I haven’t updated my Facebook status in at least an hour and my Photobucket upload is almost done…

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