I am not alone. The end of a year compels many people to reflect on the passage of time and consider or even predict what will happen in the coming 12 months. It goes without saying, but I’ll say it anyway: 2009 presented a number of challenges for our industry as it did elsewhere.
Not only did we face the worst economic crisis in recent history, but journalism — the very profession upon which so much of what we do depends — continued its downward spiral. According to a story earlier this week in the Los Angeles Times, the presses stopped at nearly 150 newspapers this year alone. But, as the cliché goes, challenges are opportunities in disguise. We believe the field of public relations is well positioned in this new era of anyone-can-influence, authentic, two-way, direct-to-customer communication. Those principles have guided those in our profession since its inception.
To that end, we have lots of ideas about what’s coming in 2010. Our three top PR predictions for 2010:
1) Testing, testing: Media executives will stop talking about the downside of making most Web content free and analyzing the few paid subscription models that work (WSJ.com, ConsumerReports.org, et al.), and start testing new business models to see if and how much they can charge. Consumers will begin to face the reality that they either have to pay for content or consume the advertising that supports it. Publishers and advertisers will get smarter about how to reach consumers in a way the target audience won’t immediately reject. When real solutions are explored and not just discussed, we can get to the task of preserving quality journalism.
2) Taming the social media beast: The Wild, Wild West will become less wild as social media sites, professional organizations and corporations create rules and ethical guidelines. Facebook has already developed new, relatively restrictive rules about fan page promotions. The Word of Mouth Marketing Association (WOMMA) plans to publish a new Guide to Social Media Disclosurein early 2010. It reflects new regulations created by the Federal Trade Commission that require any online influencer to reveal if they received sponsorship money or free products from companies about which they write. (Disclosure: We’re card-carrying members of WOMMA.) Expect several more social media blunders (ala Domino’s and Motrin) as all this gets sorted out.
3) Keeping it real: American consumers will continue to live a more grounded existence as a result of the recession. This coupled with the green movement creates the perfect storm for consumer change. Reusing is not only good for the bottom line; it’s better for the environment. Handmade gifts, home-cooked meals and swap meets will remain popular. And brands will work hard to stay relevant in this context while also attempting to preserve their margins. At the beginning of the decade, the casual dining concept took off because people wanted the convenience of eating out without the guilt of fast food. Just this week, Kraft announced it’s introducing a line of restaurant-inspired foods because people now want to create the dining-out experience at home. Stay tuned for more product introductions and marketing campaigns like Kraft’s.
We’d love to hear your predictions. Best wishes for a joyous, prosperous 2010!