As
written earlier this week by the Chief Creative Officer at Wunderman
UK, in his great piece – on How
an Ice Bucket Broke the Laws of Marketing...
“The
latest figures show there have been over 2.4 million #icebucketchallenge videos
on Facebook, 3.7 million videos on Instagram, and 4.5 million mentions on
Twitter. More than 28 million people have engaged with the campaign on social
media (comments, likes and uploads).…In just August, the Amyotrophic Lateral Sclerosis (ALS)
Association has collected US$98.2 million in donations (over 36 times the
amount donated in the same month in the previous year).”
But apart from the money raised (which is surely the main
point) the phenomena is of interest to me from a theoretical POV because it
obeys The Hype Cycle (something I love)
Personally don’t believe it breaks marketing rules at all,
as Matt B from Wundermann believes, in fact argue there are 12 good reasons why
it works so well – many from a marketing POV. But…
Have
we been through the cycle?
However, I have noticed that we have been through the hype
cycle. Which has taken a LOT longer than many people think i.e. the ice bucket
challenge as a concept started in 2013, which was then adopted by ALS in July
2014 only to really take off with the trigger of tech CEO’s doing it and then
celebrity CEO’s and then celebrities. In some respect the whole thing has acted
like a perfect storm with lightning striking for the charity.
The concept also managed organically to use such
celebrities and techies to “cross the chasm” to go from visionaries (the people
who thought this up were sports people mainly – as they have a culture of
pranks) to early adopters and techies crossing the chasm with the power of
celebrities.
It is on interest to me as a reporter asked me the other
day….
“Did I
think the ice bucket challenge, as an idea, was over?”
My reply which wasn’t aired was I thought the concept was
over when my mother in law did a challenge last week. (August 26th).
But I may have been wrong – as in silver surfer terms they are very much early
adopters (my father in law has his own 3D printer already) so perhaps we are
not done yet with the #icebucketchallenge
Key
take aways:
- Everything goes through a hype cycle.
- It depends which group you are part of to how you see it.
- Marketing can be the technological trigger which causes the hype – but it is much more likely to be celebrity endorsement – on top of technology and social media.
- The trough of disillusionment creates new opportunities for 2nd generation idea creators
i.e. As Matt from Winderman reports:
“In the UK, the Motor Neurone Disease Association was
given £2.7 million in just one week (22-29 August) from ice bucket devotees,
compared to the average £200,000 donated in a normal week.
Macmillian Cancer Support in the UK
responded to social pressure and jumped on this icy bandwagon, raising £3
million.”
What I would like to know is.
Where
do you think we are now with it?
Position 1, 2,3, or 4 and why?
Has your company done it yet?
Has your grandma done it yet?
Are you bored of it already?
Is money still being made for ALS?
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