Social Media “frenzies” are over-analyzed as they are happening but are then inadequately remembered after they pass, making their true impact hard to understand.  For example, I would really like to know what was the true impact of the so-called “Motrin Moms” incident?  Did it affect sales, reputation, favorability?

The Skittles experiment in March was hugely effective in generating buzz and traffic but what effect did that truly have and was it sustainable? In these cases it really is just conjecture.  Sales and other brand metrics are not readily available as they are just products within larger organizations, and after initial interest wanes these “social media frenzies” are somewhat forgotten and do not get re-examined.  As this practice area develops, I do believe that Social Media professionals should develop a habit of re-examining these examples as case studies in order to better understand their impact.

One recent example that is interesting to re-examine with having the benefit of time is the Domino’s social media scandal from March 2009 (initially discussed here).  The fact that it is a public company and the top level brand at the company makes it easier to go back and understand the impact of that crisis.  This was actually a frequent discussion point on the company earning’s conference call for that quarter (transcript at Seeking Alpha).  Apparently, the company will not suffer long-term losses, but did suffer sales 1%-2% in that quarter (WSJ article).  So it seems that the damage was pretty heavy, yet limited since that truly was the worst case scenario of a social media crisis.  Domino’s will obviously survive this.

I am not questioning the importance of social media to today’s business. I’m simply suggesting that we should remember to re-examine these events long after they take place as that will give us a clearer understanding about their the long-term significance.