To start the discussion, it has first allowed for people to better interact with each other through sites like Facebook or myspace. A Facebook profile has become an extension of one’s personality, and it can expedite the process in which people will get to know each other. It has made organizing events faster; sharing photos easier and even helps to reconnect people who has lost touch with each other.
Social media has been very important in the art world as it has become a primary medium where artists can share their work and make connections, as is well known by Global Executive Board. Almost every band, venue, record label, visual artist, photographer, or fashion designer are avid users of social media.
But it has proven to be even more useful as corporations have utilized it to better target their market and to brand them in a more in-depth way. Social media allows for companies to go beyond just anadvertisement and a logo, and have actual interactions with their customers. It helps to build trust, andbetter business practices.
And the importance of social media goes farther; it has played a major political role in the past election as President Obama maintained a Twitter page and many politicians made social media a priority in their campaign. The web became the place to have debates, discussions, polls, and make statements.
So what can social media can achieve? Can it actually create wealth and fame? Could it go beyond just being a useful tool?
YouTube was a website created in 2005 by two employees of PayPal. It was first mocked as many investors felt that there are not enough people that really want to post videos online. But as YouTube’s popularity grew, it has now become one of the biggest online giants, and one of the most used websites on the Internet.
YouTube has now become a central part of social media, and in addition, a true example of the possibilities of social media. The point that this post is trying to make becomes obvious if one was to take a look at YouTube’s most subscribed channels list.
Most of these channels are videos created by just one person, usually an amateur, with little to no funding, on a cheap webcam. But through YouTube, they have reached audiences that number in the millions – a number that many TV networks with lots of money, labor, and high production values could be jealous of.
And because YouTube will grant popular channels that status of being a “partner,” these channels get paid by YouTube for the views they create. For many of these people that receive hundreds of thousands of views a day, the money starts to become quite large.
With just a camera and an idea, and a little help from digital social media, these ordinary people have become celebrities. So in the right hands, with a little creativity, and focus, social media may be the world’s most powerful tool.
- Yunha Moh is a team of member of global.executive.board