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Karl Long
Karl Long   BIO
07.13.06

Why Social Media Is Dangerously Disruptive

The most dangerous thing about social media for “big business” is that its influence is barely noticeable on traditional measurement systems….


Market share, mind share, recognition, recall… all measure the mass market.
Would any big company recognize .5% of their market-share disappearing? Should they really give a fuck about that paltry number, is it going to hit their share price? Their volume?
What if I said that was the best, most passionate, most creative, most talented, most vocal, most evangelical .5% of their customers leaving, to go and create something amazing with another company? A company so small you’ve never heard of it, and won’t until it’s big enough to eat your lunch.
Not only that, these companies that engage that amazing, magical, .5% of the customer base are not going to spend a dime on advertising, and are going to grow organically through word of mouth. Oh, and their viral campaigns will work better than yours as well because they have that tiny percentage of influencers.
How are you going to keep that .5%? Hmmm, not only that, how are you going to gainfully employ their passion and creativity?
Related:
The co-creative business show – episode 2 – why co-creation is disruptive
Attract and motivate through customer experience
Creating passionate users
church of the customer

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One Response to “Why Social Media Is Dangerously Disruptive”

  1. Elie Ashery says:

    Karl,
    Interesting philosophy! 0.5% is HUGE if those customers are your shinning stars extolling every outreach and service you provide. However, how do you identify and purge the 0.5% of customers who are unprofitable, annoying and won’t balk a second to tear your company a new one?
    The thought of keeping those customers would keep me up at night. It’s just as bad to keep the bottom 0.5% of customers as it is to lose the top 0.5%.
    Elie Ashery
    President & CEO
    Gold Lasso, LLC
    http://www.goldlasso.com

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