
Starting a new business? Get 40% off our accountancy services for 3 months! đ
Over the past decade or so, technology and social media have become the be all and end all of our mere mortal existence. If you havenât been bang up to date with the latest hot topic gadgets or busy racking up thousands of followers on your online profiles, do you even really deserve to call yourself human? However, this could all be about to change as the modern consumer begins to seek refuge in old fashioned privacy and anonymity.
We have become a nation, no a species, ruled by modern technology and judged by our ability to deliver likeable, shareable and retweetable content via the digital versions of ourselves that inhabit the wonderful world of cyber space. It has been pretty much the same when it comes to business too. Facebook recognition, Twitter popularity and Instagram fame have all become increasingly influential in the success of many brands. This social media phenomenon has opened the door to a whole new world of digital endorsements and widespread exposure for brands and has quite literally revolutionised the way we do business.
âSocial media suicideâ
However, it seems that for the first time in more than a decade, the tides are beginning to change and those that have previously laid themselves out bare across social media (some only theoretically, others not) are now pursuing retreat. Lots of those once-loyal members of the digital generation seem to be deserting the social sphere in what some have already coined a âsocial media suicideâ.
This social media suicide appears to have come from a sudden concern about developing an unhealthy obsession with checking and updating social profiles, the widespread FOMO (fear of missing out) pandemic and dependence on all things digital. People are becoming increasingly effected by the highlight reel of enviable items others are sharing on their personal profiles, which has led to feelings of inferiority and jealousy that they are now looking to eliminate from their complicated lives.
This seems to have also leaked into a mistrust of brands and business profiles as social media users grow sick of the clickbait links and repetitive content that fills their feeds on a daily basis. Those committing this so-called âsocial media suicideâ are looking for an escape from the noise and are instead running towards the sanctuary of privacy and anonymity by deleting their own digital identities.
The new NoPhone ZERO
With this move away from overexposure to social media and a newfound desire to cut ties with the cyber world comes a direct drop in preoccupation with the devices that enable our access to the digital realm. In fact this week, something known as the NoPhone ZERO has been making headlines as âa technology-free alternative to constant hand-to-phone contact that allows you to stay connected with the real worldâ. This $10 chunk of material is âa plastic rectangle that replaces the need for smart rectangle device interactionâ by ironically emulating the infamous iPhone.
The product description explains that those who order a NoPhone get one of these plastic rectangles along with âmore of your attentionâ and âreal friendsâ. Part of what you donât get is âlocation trackingâ, âdata overagesâ and âtexting your exâ. People now want more authentic connections with real people in the real world but where does this leave those businesses who have come to rely so heavily on social media and technology to promote their products and services?
What does this mean for business?
Forget zombie apocalypses and spine-chilling atomic conspiracies, this could be the end of the world as we know it if Generation Z continues to turn its back on the digital world. Social media has become one of (if not the) most effective forms of marketing as they are (mostly) free to use and capture a colossal consumer base. There are countless articles and listicles flying around the World Wide Web championing the benefits of social media for business but maybe itâs time to start exploring what companies can do when their previous digital demographic jumps ship.
Subscribe to our newsletter to get accounting tips like this right to your inbox
Small Business Saturday started in the US in 2010, on the first Saturday following Thanksgiving. It aims to encourage shoppers to consider…
Read MoreArchitecture is a highly diverse sector when it comes to tax. Itâs partly down to the type of businesses that carry out…
Read MoreThis month we spoke to Adrian Manea, architect and director at Manea Kella, a London based RIBA Chartered architecture and interior design…
Read MoreThe number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?
Please contact our sales team if youâre unsure
It is unlikely you will need this service, unless you are voluntarily registered for VAT.
Are you sure this is correct?
Call us on 020 3355 4047 if youâre not sure.
You only need this service if you want us to complete the bookkeeping on your behalf.
Would you prefer to complete your own bookkeeping?
Call us on 020 3355 4047 if youâre not sure.