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Why I Am Returning To My WordPress Blog May 4, 2011

Posted by bernardlunn in B2B Media, Blogging, Journalism.
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I was late to blogging, around 2007, but had written a lot in other media. I started with WordPress, then wrote for Read Write Web, SemanticWeb and SmallBizTrends.

I have no intention of monetizing via advertising, so I don’t care about page views (that is only a vanity stat). Nor do I have any single business objective, so I don’t feel the need to be disciplined about writing every day. I really do write for fun, I enjoy writing. It is a way to organize my thoughts. But it is also, hopefully, a conversation. I want to engage in a dialogue with people who are “thinking along the same lines”, even if they tell me I have got it totally wrong (I love changing my point of view).

So, the question is not whether I should blog. It is whether I should blog here, or on some high traffic site. A few years ago, it was different. Then it was obvious that you should blog as a guest author on a high traffic site. Four things have changed my mind on this:

  1. Google is indexing my blog posts within less than a minute. Yep, this no-name blog is being indexed almost in real time! I tested this myself. I assume this is because WordPress adopted RSSCloud.
  2. I tested on a blog network that lets guest authors post freely (SeekingAlpha) and on this blog and the number of page views was almost the same.
  3. I asked some blogs that have a restricted guest author policy and found that I had to write in a way that fit within their editorial guidelines. If I wanted to be a professional writer, that would have been a useful exercise. But I am determined to remain amateur in my writing and want the freedom to write what I want, when I want.
  4. New style aggregators such as Hacker News and Techmeme have a way to submit posts, so you can alert a specialized audience on a post by post basis. Hacker News found me about a year ago when my post on “punk manufacturing” was discovered and yesterday I submitted something that got a great conversation going. Methinks Techmeme is more news-driven and that’s not my game, but lets see.

This tells me that it might be possible to get the blogging magic quadrant – freedom on one axis and engaged audience on the other.

The 103 SaaS Vendors In Our Survey January 15, 2010

Posted by bernardlunn in B2B Media, SAAS.
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The initial survey results have been published on ReadWriteWeb. Here are the vendors we included in our survey:


37 Signals
AceMetrix
Acquia
Adaptive Planning
Appointments-Plus
Approva
ArcSight
AriaSystems
Athena Health
Baynote
Bill.Com
Birst
Blackbaud
Blackboard Inc
BoardVantage
Book4Time
Clarizen
Cloud9 Analytics
CMFGX
Concerro
Concur Technologies, Inc.
Constant Contact, Inc.
Corefino
cornerstone
CrowdFactory
Cybersource
Damballa, Inc.
Daptiv
Datacraft Solutions
DealerTrak
DemandTec
Demandware
EchoSign
Elastra
Eloqua
Ensenda
EventBrite
Five9
Genius Inc.
GoodMailSystems
HireRight
HostAnalytics
InsideView
Intacct
Intuition
Jigsaw
jive Software
Kadient
Kenexa
Ketera
Lavante
LifeLock
Lithium Technologies
LogMein
Loopfuse
Marketo
MedeAnalytics
metricstream
mformation
NETSUITE INC
newvinelogistics
NTR Global
Oco-Inc
Perimeter eSecurity
PivotLink
ProfitKeeper
Quantum Whisper
Qube
Relenta
ResponseLogic
Retail Solutions
Right90
RightNow Technologies, Inc.
Salary
SALESFORCE.COM INC
SchoolDude
SCI Solutions
Select Minds
ServiceMax
SignalDemand
Skillsoft
SlideRocket
SmartTurn
SocialCast
SPS Commerce i
SuccessFactors, Inc.
Syncplicity
Taleo Corporation
TimeBridge
TimeTrade
Ultimate Software
Varolii
Veeva
VFA
VisageMobile
Vocus
Websense
Xero
YouSendIt
Zendesk
Zoho
Zuberance
Zuora

A great bit of business journalism December 14, 2007

Posted by bernardlunn in B2B Media, Journalism.
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Read this article from Forbes:

“Internet II: Rebooting America
Michael S. Malone, 09.10.01

Getting real and getting it right.

The biggest economic boom in history is bearing down on us. “

Big deal, you might think. But check out the date (what happened the next day?). In late 2001 this was really far-sighted, clear thinking.

Now look at his concluding remarks:

“But with this announcement also comes a warning: We are not prepared for this impending boom. We have no way to support it, to nourish it, even to reap its benefits. What will happen to Internet II, the fulfillment of the technological revolution, when our order sits on a runway behind 60 other planes awaiting takeoff, or on a stalled interstate? And how many batteries will we need to surf the Grid in the dark?

Internet II is coming, but we aren’t ready. If we aren’t ready soon, we may have to wait until 2015 or 2020, and perhaps visit Frankfurt or Shanghai to see what we missed. “

Blogs, shmogs, great journalism still lives and makes a difference.

B2B Media strategy for the people formerly known as audience September 20, 2007

Posted by bernardlunn in B2B Media, Online Advertising, social networks.
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Let’s call this the Prince strategy (“artist formerly known as Prince”, sorry!) We have called them readers, subscribers, eyeballs, circulation, audience, listeners, friends and community. Coming up with another term would almost certainly get it wrong and needlessly cause people to change their business cards yet again (Circulation Manager to Audience Manager to Community Manager?) So Prince it is. At least it sounds respectful ☺

Paul Conley has a good comment on yesterday’s NYT articles on the future of media and the implications for B2B Media. The message, B2B Media is missing the boat. This is not a minor issue for B2B Media CEOs. It looks like we may be heading for another recession and it is not clear that the boats are in good shape for a storm that may be a lot fiercer than the last one.

I have to make two warnings about this post. First it is rather long. Sorry, as Oscar Wilde said, I did not have time to write a shorter letter. Second it is not a feel-good post, more like a wake-up call, so please read it when you are feeling robust! However please do persevere as I will propose a strategic direction, not just ask a bunch of awkward questions.

Advertising gets cut in a recession because, as Sam Wanamaker famously said, “50% of my advertising is wasted I just don’t know which 50%”. So the marketing manager defending her ad budget (in a grueling meeting to discuss “what do we cut to hit the CEO’s 10% cut mandate”) has a hard time coming up with the numbers to justify holding the line for your titles. That’s when your ad sales executive gets the dreaded call.

In the past, traditional advertising has always bounced back after the recession. It’s probably going to be different in this cycle, because there is an alternative that is measurable. Advertising will always bounce back, but some types may not. A cyclical trend (from growth to recession) amplifies a secular trend (to measurable advertising). Whether it is behavioral targeting or search engine targeting based on a the “database of intentions” or any of the other myriad schemes dreamed up by Web 2.0 techies flush with VC cash, it is all about measurable, accountable ROI.

That marketing manager can now say “OK we will cut total ad spending by 10%, cut traditional media by 80% and allocate what’s left to the measurable alternatives we have been piloting and see if that moves the revenue needle”. She at least keeps her job.

This is not about print versus online. All those statistics about the tipping point where B2B online revenues exceed print revenue are beside the point. Online CPM advertising is no more measurable than print display advertising. Attempts to measure CPM effectiveness through clicks are extremely counterproductive. The click-through cost will look incredibly weak compared to SEM and you will end up rather defensively saying “no, actually, it is all about brand impact and you cannot measure that”.

Nor is the answer a knee-jerk response that we can “deliver more leads”. That will help short term and may need to be done, but at best it will be playing catch-up with Google; you cannot beat them on lead volume. There has to be a strategy that leverages the genuine sources of competitive advantage within B2B Media and that “moves to where the puck is headed” (as the ice hockey loving CEO of Sun liked to say). Or as my cricket-loving friends in India and England like to say, “get off the back foot”.

A forward-looking strategy has to face up to an ugly word – “deportalization” – and the harsh reality that it represents. This word signals the decline of destination sites, caused by the ability of search engines to find whatever you want reasonably easily. As a quick reality check, look at your own online habits. This affects first generation online sites as well as traditional media. Why go to multiple job sites such as Monster and HotJobs when a vertical search engine like Indeed or Simply Hired can do the job for you?

So your online site, the hopes and dreams of the company and recipient of all the forward-looking investment dollars, may not be the source of competitive advantage that you need.

The sources of competitive advantage for B2B Media are simply not what they have been in the past:

  • Content? Not any more. We are awash in content and software is getting better every day at automatically searching it, aggregating it and displaying it in meaningful ways.
  • Brand? People don’t search for information by brand.
  • Bundled deals? The online only guys don’t have print and events so we can put together a compelling package deal? If this does not hit the measurable ROI objective, bundling is simply cross-subsidization that leads to internal conflicts and lower returns on the components of the package.
  • Advertiser relationships? Unless you can show measurable ROI, the relationships will fade.

I believe that B2B Media has one critical, fundamental source of sustainable competitive advantage and it is summed up in word – trust. The old joke about the Internet – nobody knows you are dog – is still true. Authenticity, rigor and ethics matter when somebody needs to make a quick judgment call on “can I trust this source to help me make an important decision?” This is not about translating the print brand online. This trust is earned every day, on every page.

Trust leads to attention, which is the new coin of the realm. The attention economy is a simple take on the never-to-be-repealed law of supply and demand. When the supply of content explodes and demand remains constant, attention is what matters. Note that attention is not simply eyeballs. Trust is the difference. In the B2B world the ideal of trust is 30 minutes of a CIO with a $100 million discretionary budget reading an article/white paper/blog with rapt attention as if his company depended on it.

Unfortunately the critical, strategic need to protect this trust bangs right up against the urgent, equally critical need to show a measurable ROI now and boost revenues now by delivering more leads.

This short-term imperative leads B2B Media firms abuse their audience by:

  • bunching telemarketing calls around audit cycles so everybody is pestered at the same time,
  • giving the email list to anybody who wants it internally,
  • renting the list with email and phone numbers to anybody who will send a check,
  • contacting people multiple times by email, phone and post without even being able to answer the question how many times we have contacted that person,
  • contacting them again in different ways for print, online and events,
  • contacting them again on behalf of a webinar, survey or whatever else we have just sold to the “people formerly known as advertisers”.

This is a long way from the world that publishers grew up in and that has fundamentally been the same for about 100 years before the Internet. In that world, I read a magazine and nobody has the faintest idea what I am thinking about, unless I write and post a letter to the Editor and only rather eccentric people did that. As readers we liked that. As advertisers we had learned to live with it. As publishers we felt no conflict of interest and knew that as long as we created interesting content the business was fine.

Strangely enough for a self-confessed technophile who is pushing to the future, I believe that B2B Media needs to return to this old-fashioned anonymity. The reason is trust. If we lose that we have nothing. So I agree with the editorial purists represented by Paul Conley.

We are about to witness the loud noise and mess that happens when an irresistible force meets an immovable object.

The irresistible force is personalization. This is the key to online research productivity. Personalization technology cuts through the clutter and saves time. The firm that delivers personalized content sits at the top of attention economy food chain; all other content is “drive-by commodity”.

The immovable force is privacy. The privacy backlash is building. Today it is only techies who are aware of the issue and where it is headed, but when mainstream users get spooked by a few more high profile or highly personal cases, we will see consumer backlash and then, with politicians on the bandwagon, more regulation.

The fact is, as niche content producers, B2B Media cannot win the personalization game on the current rules. Behavioral advertising networks (in future all advertising networks will work this way) have access to Prince’s behavior across hundreds of high volume sites and Google sees every search that Prince does. You cannot compete with that.

You can compete based on trust. Personalization is based on data provided by Prince. There are different types of data and they have different values (skip this if you already know it):

  • Volunteered data. This is the most valuable, because it is freely given in exchange for something of value. A controlled circulation magazine works this way; the qualification form is a form of “contract” between reader and publisher, mediated by BPA. Unfortunately the value of a print magazine is declining (the same content is available online without registration) so it is increasingly hard to get people to fill in those horribly long qualification forms that seem like they are from another era (they are). Also publishers are breaking the relationship of trust (although not the letter of the contract) by too much contact. However there maybe ways to get Prince to volunteer data based on a different contract – more on that later.
  • Observed behavior data. This is what behavioral targeting networks do. They observe your online behavior – through cookies – and infer interest that they sell to advertisers. It is very powerful stuff and kind of spooky when done right. I watched the Tacoda founder present by asking a quiz to see what would be the best predictors of propensity to rent a car from Alamo and it was weird things like the person had visited sites about funerals (a relative has died and I need to visit the family and that involves renting a car); as I recall, other predictors included renting a romantic movie and visiting NFL sites. The point is that a) this is an imprecise and evolving science b) it can be very, very wrong in hilarious ways and c) it can be bang on target in such a way that it spooks the user.
  • Derived data. This has been a staple of consumer marketing for decades. This simply derives Lifestyle/Lifestage assumptions from known data such as zip code, age and occupation. This does not infringe privacy. Nor does it enable personalization. It simply allows basic segmentation such as Baby Boomers want content about travel, health and investments.

The key to getting more volunteered data is a new contract with Prince that will encourage him/her to volunteer more data. A contract, whether verbal, legal, online or just implicit, is something representing trust. B2B Media needs a new contact that goes beyond the controlled circulation print model. Online there is no contract at all. We just serve up content and then serve up banner ads to whoever turns up. This “no contract” model was based on the desperate desire to get online visitors and the fear that asking for anything would turn them away. Online the move is to make it even easier with initiatives such as Open ID and Data Portability.

However that online “no contract” model does not enable a new contact with “the people formerly known as advertisers, list renters, webinar sponsors, exhibitors and so on”. To avoid confusion with the other Prince, I will simply call them Marketers. That new contract needs to put B2B Media back in the central position in their budgets and plans that was enjoyed in the halcyon days before the Internet.

That is not easy but it is possible.The lives of publishers have become more complex. The lives of marketers have become even more so. I have spent more years as a marketer than a publisher, so I remember when the choice of marketing tools was much less, but also when the “noise” that one had to compete with to get one’s message across was way, way less. Marketing in an ADD (Attention Deficit Disorder) world is hard.

Publishers can help, by rigorously enforcing their contract with Prince and then delivering Prince to the marketer in a way that is win/win for Prince and marketer.Lets get back to those precious leads that every marketer wants. Targeted lead generation enabled a B2B Media firm focused on technology to raise $100 million in the midst of the technology nuclear winter in 2002 and to “exit” with a successful IPO in 2007.

So all we need to do is crank up white paper registration and business reply cards and other lead gen techniques?

Not really, because these “pulled” leads are random for the marketer. We don’t know how many we can get at what time intervals and what the lead quality will be. So the sales team doesn’t bank on them to make their numbers. So leads trickle in and fall on the floor; 80% of leads are wasted, with no follows up. For a lead to get followed-up, it must be the right lead (relevant interest, right decision-maker, in the right market segment), with the right information about the lead and it needs to get to the right sales person in the right division and region and all of that has to happen today so the sales guy can call while the lead is still hot.

Now look at what happens to the leads that do actually get followed-up. The sales guy makes a call or sends a mail or does both at different times. In the best case, Prince really is a lead; he has a budget and an immediate need for a product sold by that sales guy. In that best case, it takes multiple rounds of tag to set up an online demo, presentation or telephone call. In the worst case, the lead is not really a lead (another vendor, early stage curiosity or just plain mistake).

The cost to follow up on bad quality leads is high; it is better to have no leads than bad leads. Most sales guys complain that marketers deliver bad quality leads. If publishers can deliver good quality leads they will win the undying love of marketers and sales people – and that’s worth big money.

There are three keys to delivering that lead quality on a consistent basis:

1. Allow the marketer to define lead quality – what companies and job titles they want and what product categories and how they want to make contact. From this define an economic value for a lead that meets the criteria. This economic value can be way, way higher than we think as publishers. A highly relevant lead for a $1m sale is worth how much?

2. Allow Prince to do all the research he needs on your sitewith total privacy. (using your content and content from other sites aggregated through your tools). Do the hard work to make their research easier. Go beyond Search to (Re)Search. Research is what Prince is really doing online. Don’t sell enhanced listings and any other type of paid listings type that distorts the value of the information. Allow Prince do all this totally anonymously and to determine when and how he wants to make contact with a vendor and how he wants to make contact and what sort of person that he wants to speak to at the vendor (e.g CTO not sales guy, which the vendor will do if Prince is a CIO with a big budget). Let Prince state a specific need; that has real value to the marketer. Never, ever give out any data about Prince without their express and specific agreement to do so for that vendor and that situation. Build that trust. This has been called “Vendor Relationship Management” and it was – sort of – what the analyst firms like Gartner used to do, except that they got paid by both parties and lost their credibility. The Internet puts power into the hands of the user/buyer/Prince. Work for the one with the power and get their trust. This does work for the marketer as they get a genuinely interested lead and don’t waste time on unqualified prospects.

3. Arrange the first meeting. That simple last step cuts out all that wasted lead problem and the lead follow-up telephone/email tag cycle. That pushes the lead way deeper into the marketing funnel and thus significantly raises the value. Arrange the right contact at the vendor based on the level of seniority and position of Prince. The first meeting will be online. It can be a publisher-mediated webinar where Prince could still elect to be anonymous (we can determine the value of that Prince but we don’t identify the name), or it can be a one on one webinar for that Prince only or a marketer mediated webinar that has multiple prospects attending that could enable some interesting dialogue between the prospects.

Those three steps are not easy. They are particularly tough for a traditional media firm with all kinds of legacy interests and relationships to protect. This reminds me of the old joke about the driver who stops in the country to ask a farmer for directions to Dublin and the farmer replies “Bejesus if you be wanting to get to Dublin I would not want to start from here“. This would be easier for a start-up. Which may indicate that this should be given to a skunk works team. If not you have to get everybody – print, online, events, editorial, sales, IT, finance – all pulling in the same direction while at the same time hitting all those immediate targets. It does not often happen that way.There is a lot of database building, cleaning and restructuring to do and that cuts across current organizational boundaries. There is lots of process reengineering to be done. There is lots of technology to be licensed, developed or partnered. However this is all easy if the organization is really aligned to meet this strategic goal.

Global audience development August 9, 2007

Posted by bernardlunn in B2B Media, Globalization, India, Online Advertising.
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American Business Media firms have a big opportunity to globalize. There is no other country that has a large enough market to support most of the niches that make up the 1,000 titles in the B2B Media world. So American B2B Media firms are the only ones with the scale and brand to go global in most of these niches. The question is how to take this opportunity.

The traditional answer has been licensing. That was the right answer for a print-centric world. You needed a local partner that understood the local nuances of content, circulation, production and advertising.

However the print economics in some of these markets are challenging. Take India as an example. That 300 million middle class is an enticing market and the opportunity in consumer publishing is growing fast; this is is country where new Newspapers are starting up! However B2B makes up only 1% of the media market and 50% of that is within IT. Advertising rates are far lower than in the US and with print costs pretty similar it is hard to see the economics working out.

However online it is a different story. With an almost zero cost per additonal online subscriber, the gross margins look good. Many Publishers tell me that they get a lot of traffic internationally and they know a lot of smaller vendors who want access to their US audience. This is not just classic English-speaking markets (UK, Canada, India, Australia, New Zealand) as the “business class” globally tends to speak English and seek out content from US based sites.

With User Generated Content (UGC) techniques it should be relatively easy to localize content; but even without this there is a big market as markets globalize.

Currently many Publishers are in reactive mode. They know from the weblogs that international visitors are coming but they don’t know enough to really sell that audience to advertisers. This requires a more proactive global audience development strategy.

How is the Internet impacting face to face Events? August 9, 2007

Posted by bernardlunn in B2B Media, social networks.
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According to the numbers from ABM, face to face events are booming, overtaking print as the single largest source of revenue for B2B Media. The ability to connect online, using email, webcasts and social networking seems to drive more need for face time rather than less. This makes sense. In the Attention Economy, face to face attention is where the real scarcity value lies.

The Events business is often described as “trade shows and conferences”. It is possible that these two parts – trade shows and conferences – are impacted differently and one maybe more healthy than the other. Conferences, seminars and other events where the attendee pays to receive high quality content from expert speakers and the opportunity to mingle with their peers are one proposition that is doing very well. The fact that much of the same content is available online does not detract from the networking value of being there.

These conferences are often linked with trade shows. I wonder how the trade shows part of the business is doing. I have noticed the following as both an Attendee and and Exhibitor. As an Attendee:

1. I can very easily get the same or even better data online. With Blogs I can read what the CEO of the vendor is thinking, rather than getting a rehearsed sales spiel.
2. It is quite simple to set up an online demo, teleconference and even video conference when I want more information.
3. The networking advantage comes from the Conference, not the trade show.

As an Exhibitor, I have noticed that the trade show is often slotted in for the lunch and coffee breaks and that the Attendee traffic is getting weaker. This maybe a reflection of what I am seeing as an Attendee.

What can be done to make the trade show part of Events more relevant in the age of Internet and social networking? I can see a few interesting possibilities:

1. Scheduled meetings with senior people and/or specialists from the vendor. This works well for both Attendee and Exhibitor. It does require a more sophisticated registration process that is linked to a more segmented audience database.
2. Using social networking techniques to find who else is attending that I would like to meet at the Event and a mechanism to make connections at the event itself. This can use a mix of wireless technology as well as coordination by the Event organizer.

Online “Social Networking” for grown-ups? August 1, 2007

Posted by bernardlunn in B2B Media, Online Advertising, social networks.
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Unless you have been meditating in a cave in the Himalayas, the hype about Facebook has probably come to your attention. A 23 year old turning down a $1 billion offer has a certain ring to it.

What about those of us who are paying for the kids who are using MySpace or Facebook? Is it possible for traditional B2B Media firms to make money from creating community sites?

I have heard the complaint that “it is easy enough to build the sandbox and people do come and play, but how do I make money from their play?” This is a tough question. In a real operational business, any project has to meet stringent hurdles for Return On Capital. There is not the luxury that some start ups have of just building traffic and then later figuring out how to make money. However the investment required is not great and, if there is money to be made, it is almost certain that some start-up will be looking at doing it in your market; so ignoring the question is not a serious option.

I see two big positives and two big issues (that may be negatives or maybe resolvable). First the two positives:

  • Positive # 1. The cost of entry is low. Setting up a site is inexpensive and traffic does build virally if you build good features.
  • Positive # 2. Users who contribute, share, comment, communicate are more loyal (aka “sticky” or “engaged”) than people who only read.

The two big issues:

  • Issue # 1. These are not environments for grown-ups doing business. Do you want your readers hanging out in a place that looks like this? (Actually this is my brother in law and he is a really good wholesome guy, but you get the point). This is pretty easy to fix, it is really just a style/design issue.
  • Issue # 2. CPM rates and click-throughs are low. This is OK if you have 30 million users (Facebook) but not if you have a controlled circulation audience around 50,000. You need every one of your community to count. They are important, influential people and not college kids with budgets for books and beer, so the potential is there but the $ per person must be way higher.

Google makes tons of money because they create a “database of intentions“. When you search for something you reveal your interest. This is not true in social networks. You don’t even have context to help target the advertising. This is like selling advertising on email systems. You are too consumed with writing or reading email to look at ads and if the provider serves ads that are based on what you are writing your privacy is invaded.

There is a possible direction for this that does make sense for B2B Media which tackles both big issues. First, lets drop the term “Social Networking”. Your readers (to use a terribly old-fashioned term) are not interested in dating (at least they don’t equate your brands with dating). They use your sites for “research”. Which is rather more than Search. (Re)Search is what we do after Search.

The best Research data comes from your community. If you build a “Research Network” (as opposed to a “Social Network”) that enables this to happen you will deliver value to your community and you may be able to create a “database of intentions” that can be monetized.

There is an excellent book called Wikinomics, How Mass Collaboration Changes Everything that I am currently half way through. I recommend it to anybody who thinks this is a passing fad for teenagers. There are complex issues to think through related to editorial control and the authentication of posters. In niche B2B markets, the totally open model of Wikipedia is unlikely to be ideal. A more balanced approach, between total editorial control and total open model will need to evolve.

Blogger types and what this means for B2B Media July 11, 2007

Posted by bernardlunn in B2B Media, Blogging, social networks, start-ups.
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Traditional media is still figuring out how to work with Bloggers. Some in the Web 2.0 world are claiming Blogging is old and tired and declaring that Social Networks and Twitter will replace Blogging (by the time a new technology gets used by the masses i.e. crosses the chasm i.e. becomes economically interesting, the ‘”new, new thing crowd” has moved on).

So I thought it might be useful to think about a taxonomy of Bloggers and which ones are core Bloggers, which will move into a re-vamped media role and which will move more into Twittering and hooking-up.

  1. Unchained Journalists. I first started reading Blogs from Journalists that I had originally enjoyed in print. They became unchained by choice or were pushed into it when their magazine folded. Byte Magazine’s demise liberated a lot of great journalists as they came from (IMHO) the best technology magazine ever. This trend is likely to continue as more print magazines close down when most of their audience has migrated online.
  2. New Media Magnate. TechCrunch and ReadWriteWeb come to mind. Given low barriers to entry there is very little to stop an Unchained Journalist from becoming a New Media Magnate. While VC will look sceptically because “Content Businesses Don’t Scale Anymore” there is a good “lifestyle business” in many niches.
  3. Corporate Blogger. This is now so common in the technology and new media worlds that it is just another part of About Us. It serves a useful purpose that falls between the cracks of Press Releases and White Papers (i.e. we have something interesting to a small part of our market (sorry, lets be Web 2.0 correct and call it “community” rather than market) but not important enough to get picked up by traditional media.
  4. Hello World Look at Me. This is what will move to Social Networks and Twitter. If you are a very good friend I maybe interested in your latest thoughts about your cat, but….
  5. Niche Passion. These are the people who really don’t care if anybody reads their Blog, they are just writing about what they love. If you love the same thing, this is the best thing since sliced bread. This is classic long tail blogging.
  6. Already a Famous Hub. This is a way for highly connected and influential people – the people that everybody else wants to talk to – to get their thoughts out there. VCs and Angels in the technology world are the most common examples and Fred Wilson and Marc Andreessen are the two masters of the art. This serves two purposes. First it helps filter the people who come to them because they know what will interest them. Second it makes them look like reasonable human beings.
  7. Consultant/Service Provider Attention-Seekers. This is where Blogging and White Papers intersect. It is a form of open source. Create some useful analysis/insight so that your market sees that you could be useful and make contact.
  8. Journalist Manque. Journalism, of the Woodwood/Bernstein type, has some glamor and many people have harbored ambition along those lines and now they have a chance…
  9. Attention Seeker for a cause. Can be a marvelous way to rally people to a good cause or a horrible way to rant your prejuduce and both will continue to thrive.
  10. Attention Seeker for a company. PR Hack in another guise unless done very well. Blogging does rather dis-intermediate the PR role.

That is where we are today. Peering into that murky crystal ball (will somebody please wipe that muck off the glass):

  • The biggest number of Blogs (all those statistics about x gazillion blogs created in the last 15 minutes) will be Hello World Look at Me and that is the domain of “few to few” media like Social Networks, Twitter. This will take some of the hype out of Blogging as a mass medium. This is co-existence and complementary. Some social networking twitterers may move back into Blogging to meet some other need and Bloggers will also Twitter about their cat.
  • Niche Passion and Attention Seekers (for cause or commercial) will be the core Blogging long tail world.
  • Media firms (new and old will merge) and Corporates seeking attention will merge Blogging, Social Networking and other content forms as dictated by their market.

Full disclosure, I categorize myself as Consultant/Service Provider Attention-Seekers on behalf of my company as well as some element of Journalist Manquee.

Mahalo and other human-assisted search challengers to Google. June 25, 2007

Posted by bernardlunn in B2B Media, start-ups.
1 comment so far

The New York Times article yesterday about Maholo and other search engines challenging Google by adding humans must have got a chuckle or at least a wry smile from “traditional” publishers. They have been doing “human-assisted search” for 100 years or so.

Yahoo is the best example of how to mix automation with human editors. Of course, given their current turmoil, the human-assisted search proponents are unlikely to hold them up as a poster boy. There are also plenty of very good examples of this within B2B Media, but these sound very unglamorous with names such as directories.

This really is old wine in new bottles. I also believe that the head-on assault on Google is fueled by a me-too approach by investors that will yield very low results.

When Google went public I, like many others, thought the switching costs were too low. I think we all underestimated the power of habit. I use Firefox and have a bunch of search engines in my toolbar, so it is totally simple to try alternatives. I do use alternatives to Google occasionally, mostly because I am interested in the subject. From this small sample, I think Ask may have a shot at being an alternative, but even when I use Ask I still use Google as well to make sure I have not missed anything.

The Google ascendancy is likely to be shorter than Microsoft’s, which was shorter than IBM’s. Shorter ascendancy seems to be one more consequence of Moore’s Law. That maybe interesting academically. However, from a business planning point of view, the way to make money in the next few years will be within the Google ecosystem. Thousands of companies did very well within the Microsoft ecosystem and I suspect that when the history is written there will be many times more from the Google ecosystem.

Research is still one of two killer apps of the Web (communication i.e. email to social networks) is the other. Search is not Research. It is only the start of (Re)search. Every $ earned by Microsoft leveraged many, many more $$$$$ for their ecosystem. Yes their $ at the head of the ecosystem was fantastically profitable and so is Google’s $ at the head of the new ecosystem, but once you get over that fact and learn to live with it there are tons of good opportunities.

Playing within the ecosystem in a niche market has its challenges. One has to be agile and constantly find new ways to add value. When Microsoft/Google says “we want to partner with you and we have no ambition to directly enter your market” you always have to add “at least not yet” at the end. This has been called “picking up peanuts in front of a steamroller” but in the early days of the ecosystem those peanuts are pretty big and the steamroller is still miles away and you can gauge the speed reasonable accurately.

There were very many Microsoft challengers that came and went and many had big funding, determined management and had lots of publicity. The David vs Goliath story is always popular because we all know that usually Goliath wins even while the romantic in us roots for David. A few high profile blow-outs then leave investors with the “don’t invest in a Microsoft/Google killer”.

Those who resented IBM’s dominance welcomed Microsoft in the same way we now welcome Google as they give Microsoft a run for their money. Some day we will do the same when we see a genuine alternative to Google, but I suspect that is many years away when the current crop of challengers will be long gone.

Will Blogs replace White Papers? June 20, 2007

Posted by bernardlunn in B2B Media.
1 comment so far

Most Blogs are seeking attention, a modern form of PR and marketing communication. In this sense they are similar to White Papers and better in many ways:

  1.  The length of a blog is a lot more flexible, anything from a quick comment on a news item to a lengthy analysis based on in-depth research.
  2. Blogs invite response, which is the whole point of marketing communication.
  3. Readers can be anonymous until they want to respond (as opposed to White Papers which usually require a registration, which brings on the obligatory follow-up emails and phone calls).

The latter point is important for B2B Media as publishers look for White Paper registration to act as a lead generation source. It is not yet clear how Blogs will replace this. I suspect it is part of the larger issue on how to monetize communities.

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