Vaynerchuk also happens to be working on a brand new agency concerned with representing Vine celebrities and despite his excitement about Instagram video, is arguing that they can both exist and be successful.
Despite my utmost respect for Gary, I’m going to plant my flag firmly in the camp of disagreement.
Gary, I think you’re wrong and here’s why:
Instagram is currently home to 130 million users. Vine had 13 million a month ago, just prior to its Android release. Perhaps if Vine had reached Instagram’s usership, I’d be open to considering Vine to be a long-term threat. We saw what happened to Pheed last season. It didn’t have the usership to weather the Vine “storm”. Instagram has remained firmly anchored over the past, potentially tumultuous last few months and remains in a position to re-motivate their users with video.
On top of Vine’s inferior usership, of those 13 million Vine users, how many had actually abandoned Instagram? I, for one, still wasn’t impressed with the slow load time and the finicky navigation of Vine. To me, Instagram was far and away the more sleek of the two and still continues to do pretty well with the addition of video.
Many Vine advocates are arguing that the 6 second time limit will work in its favour and people (with increasingly short attention spans) will be annoyed by a full 15 second video. Luckily, people get better at posting (perhaps shorter) videos as they learn what their friends like and don’t like by seeing a presence or absence of likes. If you’re annoyed with a 13 second video, you can always hit the unfollow button. The other feature that Vine enthusiasts advocate is the looping nature of Vine videos. If this, in fact, is enough of a reason to stick with Vine then I’m sure Instagram will be aware of this and adjust accordingly. Talk about a flimsy and easily duplicated competitive advantage.
This one comes down to Instagram’s far superior user base and user-friendly nature. Those professing loyalty to Vine and vocalizing a displeasure in Instagram’s copycat ways must realize that a large majority of “art” is stolen. And, as I mentioned in the post immediately preceding this one, harbouring your product’s strengths and relying on them for a competitive advantage won’t get you anywhere. The only way to win is to learn faster than everyone else.
My money’s on Instagram. But hey, let the games begin.