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I think the Pepsi example really doesn't work for two reasons: First, the decline in sales in the sugary soft drink industry is only remotely connected to their social media advertising. It is a widely reported phenomena that is usually attributed to a more health-conscious society and a widening array of beverage choices. Second, Pepsi's intention in offering contributions to non-profits based on social media recommendations was probably seen as a way to boost corporate image in a domain far beyond potential soda drinkers. It probably was meant to influence investors, journalists, regulators, and people like Mayor Bloomberg in New York who would portray soft drink vendors as an evil in our society. When you are a big as Pepsi, directly influencing buyers is only part of your advertising outreach. Still, I agree with the article's overall conclusion. Social media advertising is typically not a very efficient way to convert advertising dollars to revenue. But it can be. With any advertising method, you have to devise a way to measure the results of a campaign, whatever your goals are. Otherwise, you are just throwing money in the air, hoping it lands somewhere useful. |
Big companies and brands often lose sight of what social media is really about: namely, sharing things with friends. Grouping with people based on shared affinity for certain topics, things, events, etc. People are there for the friends first; all other considerations -- including content consumption -- are secondary.
It's incredibly hard to convince people to hang out on a soft drink's social page. What's the benefit? Where is the natural, social use case? If I want a Pepsi, I'll go buy one. When I don't, why the heck would I spend time reading about Pepsi, or talking with friends about Pepsi? Who actually does that? I submit that anyone who does is highly abnormal. Maybe even crazy. Regardless, they're the kind of person whose social feed I'll ignore.
As for the Pepsi Refresh campaign, they put the cart before the horse. People care about the cause first and the money second. If I want to raise money to fight breast cancer, for instance, I'll start with the people who care about breast cancer, building out from that passionate early adopter base. I don't just wave a giant paycheck around in front of a highly heterogeneous set of people, asking them to tell me where to spend it. It's a statistically irrational approach to marketing. But more important, there's no heart or soul in that. There's no grassroots need inherent to that. People don't want to vote on a cause. People have causes. Pepsi should have started with a specific cause, and then made waves by offering to match (or even triple) a crowdsourced fundraising campaign.
An example: for all its flaws, that infamous "Kony 2012" video went uberviral. The video didn't start by asking the question, "Hey, who's the most despicable African warlord we should try to depose? Vote here!" It started by informing people about a specific evildoer, educating them about him, and then asking them to do something about it.
Pepsi could have generated a lot more authentic goodwill by offering to match or exceed an existing campaign, hashtagging into it. They could have spared themselves the millions of dollars creating a page for their campaign, branding it, and acquiring fans for it.