Our purpose is to create heroes, grow businesses, and change lives.
IMPACT teaches business leaders how to build high-performing teams that achieve extraordinary digital sales and marketing results through coaching, online training, and in-person experiences. We look forward to joining you on your journey to becoming a hero for your own company.
While the platform was simple, it was groundbreaking. Before the inception of Vine YouTube and Vimeo were the norm for video. These videos tended to be produced and edited, but Vine introduced a real-time, microscopic video that hadn’t been done before.
At this point, marketers started to take notice of the unique opportunities the platform provided, and also the unique challenges that this new form of entertainment presented.
There are lots of theories about why Vine has decreased in popularity while Snapchat and Instagram have only increased, and while there are many factors that contributed to Vine’s demise, the biggest factor that sticks out to me is simply this - Vine just couldn’t keep up.
They innovated, but as they say, they rested on their laurels.
Which leads us to the big lesson we can learn from the rise and fall of Vine:
Adapt, Adapt, Adapt
From business practices to app development, there are more than likely a lot of lessons we could learn from Vine’s downfall, but let’s focus on the lesson it can teach us marketers.
Throughout its existence, Vine never had a major update, except for adding a view count and music looping. While its competitors (with larger, more established audiences) were gunning for their space in the market, there were no major features added to Vine in its over 4 years of app life.
It seems like the creators were sticking to the “if-it-ain’t-broke-don’t-fix-it” mentality.
The app grew in popularity partly because it was so simple. There weren’t a lot of features to mess with, however, apps like Instagram and Snapchat have constantly released new features as they’ve grown in popularity.
They’ve adapted to the changing landscape of what people find entertaining and engaging and gave people what they wanted.
Vine plateaued and slowly, what people found appealing in it, they began to find in other platforms.
Change With Your Audience
As marketers, we need to learn how to keep our ear to the ground when it comes to our industries and customers and be ready to grow and pivot.
Whatever industry or market you’re in, trends and buyer personas can change rapidly, but when you’re expecting change, you can adapt to it much easier.
Learn to monitor your industry and be ready to adapt your strategies to be at the forefront, instead of playing catch-up all the time.
Great marketers are always trying to figure out what the next big thing is, and what will be the be-all-end-all of marketing strategies. The problem is, when we find them, we often think that this is it and become complacent.
We as marketers need to be agile in our approach to marketing trends. We need to realize that what’s effective one day may be completely ineffective the next, and that’s okay.
Don’t get trapped thinking you’ve figured it all out because you’ve had some success, and forget that success comes through a steady stream of testing, learning, and implementing.
Here’s an example of what I mean:
Some of my favorite Vines were created by two brothers - Logan and Jake Paul. These brothers utilized the platform to create hilarious videos with their friends, and quickly rose to being one of the top 10 influencers on Vine with over 3 million followers.
Here are some of my favorites:
One of the things I respect about them the most is that they have adapted so well to the changing social media landscape .
As Vine’s popularity started to wane and other platforms gained popularity, they shifted their efforts to Snapchat, Instagram, and YouTube.
They didn’t change much about what they were doing, but they adapted to their audience’s changing interests and met them where they were “hanging out.”
Today, they both have separate social media careers and are flourishing. In fact, in a recent segment, 60-minutes reported that Logan made $200,000 in one day doing a product placement for Dunkin Donuts.
If he had stuck to Vine, his career would be dying with the app, but he pivoted.
What do you think was Vine’s greatest downfall? Or what lessons do you think we marketers should learn from it’s demise? Comment below and let us know!
Want to learn more about digital sales and marketing?
Master digital sales and marketing when you join IMPACT+ for FREE. Gain instant access to exclusive courses and keynotes taught by Marcus Sheridan, Brian Halligan, Liz Moorehead, Ann Handley, David Cancel, Carina Duffy, Zach Basner, and more.