An enhanced interest in social media amongst marketers, organizations, media has meant… the frequency at which mainstream PR agencies etc. are approaching us for alliances & tie-ups is on an overdrive; Digital Ad Agencies too are coming up with respective social media offerings; enthusiastic entrepreneurs are diving in to capitalize on the opportunity – even techies are turning marketing & communication experts and ditto for the reverse – setting up Social Media Agencies. Gaurav had created a list sometime ago.
Every once-in-a-while I get a call from a friend, peer mentioning a new player’s entry. There is no cause for concern – the game has merely begun, there is an opportunity for many players to exist and even collaborate. Look at the number of advertising agencies, public relations advisories, even management firms, research companies etc. – each category has many dozen participants, each of who has work and many have achieved significant scale. India has also emerged as a hub for ‘creative outsourcing’ work.
Clearly:
- Different kind of client needs would be met by different kinds of agencies – tactical versus strategic; rigorous versus surface and so on.
- Different levels of specialization would be needed by different clients – expect vertical focus to emerge; emerge specializations like research to come to the fore, distinct from say a blogger engagement specialist.
- Social Media Outsourcing to India, which has existed quietly for the last couple of years is likely to gain volume
More players is merely an indicator that the opportunity is maturing, but the game’s just begun.
