Tag: twitter

  • Just Business?

    A few days back, LinkedIn added a feature that I’d asked for the last time I wrote about the service – the ability to add RSS feeds to groups. Depending on the functionality enabled by your group manager in any group, you could add a site/feed that fits the group profile and all the members could benefit. From the comments on the page, there seem to be a few implementation issues. Vijay, who manages the Digital Marketing India group on LinkedIn (the one I most actively participate in) has added a few feeds, but we’re yet to play with it much 🙂

    He also pointed me to this interview with Allen Blue, a LinkedIn co-founder. Allen mentions in the interview that ‘groups’ is the most exciting thing they’re working on now, though they seem to be doing things to limit the functionality of the groups. He also says that (among others) he’s impressed with Ning and Facebook. Will come back to that in a bit.

    I am wondering if this feeds functionality will also be made available to company webpages. For now the pages are pretty impressive, with a whole lot of data being provided. But there are possibilities – like allowing page managers to create an RSS feed of news about the company, which any user could subscribe to and be updated. (a Google alert approach). They could also allow multimedia uploads (haven’t seen any yet) and more interactivity. In short, become the second interface of the company, right after their corporate site – what brands are doing with Facebook fan pages, only on LinkedIn it will be more of a serious interaction.

    Ning has been making waves and I have been seeing a lot of people utilising it to make networks. As of Sep 08, it had 2955000 users and a YOY growth rate of 251% (LinkedIn was right behind at 193%) (via StartUp meme) But (at least) for now, I don’t see it operating in the same space as LinkedIn, since Ning is more on building groups around common interests, and that’s only one of the things LinkedIn does.

    The real action will happen when Xing, the European business network will start deriving some synergy from its recent acquisition – SocialMedian. Towards the second half of 2008, Xing had 7 million users as against LinkedIn’s 12 million, and was making profits. Though I’ve not come across a lot of Xing users in India, even LinkedIn is not an ancient phenomenon here. So there’s definitely time to catch up. Xing has most of the functionality that LinkedIn has, but more importantly has a brilliant resource in Social Median, and its implementation of Facebook Connect. During its acquisition, the then CEO had said that Social Median, with its news gathering (from 19000 sources) and custom filtering was a perfect fit for Xing. I couldn’t agree more. The value it could add to the individual and the groups he/she is part of is tremendous. This is an area that LinkedIn has not fully tapped.

    Meanwhile, the service that I thought might be a good buy for LinkedIn – Yammer, recently announced that Twitter updates can now be imported into Yammer. When I had written about Yammer first, I had mentioned a ‘bridge’ between Yammer and Twitter. This move has solved part of it, for me the more important part is the (filtered) Yammer updates going into Twitter, and come to think of it, LinkedIn. But of course, this is connected a lot with an organisation’s levels of transparency.

    And if all this wasn’t enough, we now have a new player – Blellow. TC called it a Yammer meets LinkedIn meets Twitter entity. Blellow describes itself as a productivity microblog, that  allows users to collaborate, find jobs and solve problems via a Twitter like interface with ‘followers’ and ‘following’, private messaging, @ replies, (the question here is ‘What are you working on?’) Where it differs from Twitter is that updates can go upto 300 characters, users are organised into groups, and there are threaded discussions. One can create a profile, form groups based on projects or interests, ask questions in groups and give ‘kudos’ for answers that help (a rating mechanism), post jobs (for a price), plan meetups..  From the looks of it, its a great niche package for freelancers and people looking for quick help in specific fields, maybe LinkedIn could acquire and scale up? 🙂

    With the personal-professional lines blurring, the Xing-SocialMedian-Facebook Connect association is something LinkedIn should be looking closely at. It either has to get an equally strong partner or develop features and data portability by itself, and perhaps acquire services that complement its own services.

    until next time, mind your business 😀

  • Conversations in social media

    The Facebook redesign and the possible redefining of brands’ interaction with users on the service would perhaps make organisations dwell a little more on their new media strategy. I say this, mostly considering the reach of Facebook, and the importance and influence that conversations there, are acquiring in people’s lives. The growing reach of Twitter cannot be ignored either. So it does seem a good time to reflect on creating a digital footprint, getting to know the platforms – be it Facebook (via Vijay Sankaran), Twitter, (links point to good ‘How to’ resources) or any other service, and how they could benefit the brand, looking at what has/hasn’t worked for other brands, thinking about a long term social media strategy,  and then figuring out the measurement criteria that could be adopted for the strategy that is adopted.

    Amidst all the hoopla surrounding Facebook’s new design, and Twitter’s integrated search, Paul Worthington wrote a very interesting post on Mashable reminding brands not to lose their focus. From the post

    The initial challenge is not to better understand and respond to the customer. The challenge is to start with better understanding who you are, what you truly believe in, and what you can realistically offer to your customer.

    Because if all you focus on are what customers are telling you, you risk losing sight of who you are, what you believe in and what drives you forwards.

    A purpose that is first bought into by their employees, before being presented to the consumer in a way that brings a natural self-confidence to that conversation.

    While crowdsourcing has many advantages, and now has various platforms including Facebook, Twitter and more focused services like Get Satisfaction, and consumers also benefit from having big brands on these platforms, I completely agree with the thoughts shared above. This is what I’d consider as the middle path between adhering strictly to brand manuals only and plunging into social media without a clear objective/strategy and trying to please everyone in the crowd.

    So, perhaps what brands should do first is search themselves (yes, without Google), understand what’s the real value that they offer to their consumers – potential and current, figure out whether the entire organisation is in aligned on this, then consider how new media can play a part in sharing and collaborating with the users as well as communicating to them what the brand stands for and what value it can deliver, ensure that they continue providing this value, keep listening to users to find what more they expect from the brand, figure out the feasibility of these expectations, tweak it further by bringing in the internal factors, and continue this process. For many organisations, internal democracy as well as complete internal transparency would themselves be a significant steps. But these are a must before aiming to engage with consumers, because in social media brand custodians are not the only ‘broadcast’ source, every employee is a potential source.(a wonderful presentation on the micro sociology of networks)

    In essence, its not just a brand strategy shift, its an organisational culture transformation. As a brand, and as an organisation, it is important to be clear about the levels of transparency you can work with. The challenge then becomes that of creating and maintaining a harmonized balance between user needs and brand deliverables.

    until next time, drawing the line and walking it

    PS: A great story on how two fans made Coke the second most popular fanpage on Facebook, and Coke’s reaction.

  • Change is here, hard cash?

    The question I posed on the Digital Marketing India group in LinkedIn, on whether advertisers would consider Facebook a better place to spend than Twitter, post the FB redesign, yielded a good discussion. Inevitably, the discussion entered the territory of whether the redesign would alter the status of the differentiated audience that each provides, and therefore the monetisation opportunities that both could develop.

    My post last week dealt more with my usage patterns on both services. I think that usage patterns would drive the kind of conversations and the context, and therefore be a major factor in deciding revenue streams. While on Facebook, we start with known friends, and then add layers to the relationship, the opposite happens on Twitter – you discover people with common interests and then the conversations evolve. It makes me wonder what really is the magic of Twitter – real time interactions, the discovery of people, or the ability to have conversations without revealing a lot of one’s profile. While most of the Facebook redesign conversation is happening around real time, and upgraded fan pages, the upgraded privacy settings which allow ‘follow’ without friending could be the feature that  gives FB the most commonality with Twitter.

    Mark Zuck had this to say about real time  – “the pace of updates accelerates. This creates a continuous stream of information that delivers a deeper understanding for everyone participating in it. As this happens, people will no longer come to Facebook to consume a particular piece or type of content, but to consume and participate in the stream itself.” Facebook might be trying to equalise Twitter’s advantages, and as per Erick Schonfeld on TechCrunch. “Facebook doesn’t want Twitter to become the way large companies and public figures connect to fans.”. (via Adage)

    But I have a few concerns on this. Will the crowd be able to handle the deluge of items on their newsfeed, even with the filters being provided? In Twitter, the stream is everyone’s base (it differs based on the people one is following, but there is a public stream too) When conversations happen simultaneously in various ‘crowds’, they are connected by devices such as hashtags and RTs. In Facebook, the individual’s profile/home page is the base, so how does the connection of conversations happen? On the fan page, but there seem to be a few issues there? Groups could help in providing this base for a lot of conversations, but there are no updates as far as groups go. Lastly, as a user of both networks, I wonder if I can have the impromptu conversations that I have on Twitter, on Facebook. The third party clients that have been developed for Twitter have made sure that users have a wide array of options for their interface. Is that a major factor in boosting these conversations. Perhaps. (via Sampad)

    During the discussion, Sanjay pointed out that Facebook provides multiple engagement spots , and with the redesign, it could integrate the large user profile it already has with the real time stream to offer more accurate brands/ads placement. I’d like to add one more data component in this mix- Facebook Connect. According  to TechCrunch, work is already happening on the “Facebook ads + Facebook Connect = Social Ad Network” concept.

    Facebook has, as part of the new design also brought in location and language based targeting capabilities for advertisers. RWW also notes that, thanks to the Facebook Connect integration with Brightkite (a mobile social networking service), there are possibilities of hyperlocal targeting in the near future. The other market that would open up in the future could be based on the language versions. (Facebook is working on five Indian languages, for example) While Facebook has been making changes, basis features from Twitter and Friendfeed, it might also be to their benefit to look at an old adversary – MySpace. Though, at 236 million users, Facebook is rapidly leaving MySpace behind, the latter seems to have pipped Facebook as far as time spent on the site goes. It needs to be seen whether the new design will change that statistic too. Mashable has a post on the challenges and opportunities that the Facebook redesign throws up for brands. A consolidation, like streamlining the search function to aid easy tracking of conversations, might have to be done soon, to enable brands to utilise the service’s redesign better.

    In the discussion at LinkedIn, I had also brought up Stuart’s very interesting post on Twitter emerging as a personal advertising medium, which led me to wonder if large brands would gravitate towards Facebook, since they give a more structured way of interaction and small brands/individuals would use Twitter for promotions/advertising. But as Sanjay pointed out, Twitter would then, still have a revenue problem. 🙂

    Twitter is growing..and fast. Going forward, Twitter would need to watch Facebook carefully and choose a course that uses a different set of parameters for clustering users, and so deliver a differentiated audience, by usage or some other criterion, to create revenue streams. This could mean buying out a few services that complement the simple proposition that Twitter offers or helps measure brands’ activity on the service. Though I had mentioned that the big brands might want to look at Facebook because of the more structured approach,there are several brands already active on twitter. Like I said earlier, different user behaviour and contexts might mean that brands have different uses for Facebook and Twitter. While on the subject, check out Mashable’s cool sociable ads concept, and the debate about paying to be in the list of  suggested accounts to follow. (a list of 100 provided by Twitter to new users to start them off on the service)  It opens up a new line of thought. What if Twitter could find a way to serve real time contextual tweets on blogs, websites etc, perhaps as a (Twitter combination version of Google Search + Sponsored ads- if a brand wishes to be seen in a particular keyword context, for starters) widget. Let me think a bit more on that.

    Meanwhile, what brands should think about, is that in all this real time information overload on various services, they should not lose focus of what they are, and what their objectives are. Like I’ve said earlier, tools cannot replace strategy.

    until next time, some real time comments? 🙂

    PS. Must Read: A great Twitter FAQ list from Jeremiah

  • A rocky future ?

    The video that marked the end of Rocky Mountain News, a daily newspaper in Denver, would have a sobering effect on anyone who’s worked in the industry. The newspaper printed its final edition on Feb 27th, 55 days short of its 150th birthday. And there’s no succour when The Business Insider points out a list of 9 newspapers that are likely to fold. Newspapers in the US are still in shock at how an industry that was once really profitable seems to be on the path of extinction. Gawker is a good place to keep track. The reasons for decline are many – the rapid technological advances, changing consumption habits, newspapers not reacting early enough – to name a few. That’s a track we have walked several times, so I shall move on.

    What are newspapers doing to survive? A few examples. The Hearst Corporation, which publishes the Houston Chronicle, San Francisco Chronicle, Albany Times Union, and has interests in an additional 43 daily and 72 non-daily newspapers, is going to charge for some of its online content. The New York Times fights on, bringing out something new on a regular basis, the latest being the version 2 of their popular iPhone app, which offers extensive support for offline reading. (via RWW) It is also starting a neighbourhood blog project, which will have content from editors as well as citizen journalists, and they are planning to target local businesses for ads. (via TechCrunch) Across the pond, FT reports that the UK’s top regional newspaper groups have banded together to negotiate with the government as they seek urgent help to save further titles from closure.  Meanwhile, The Guardian has announced its Open Platform, which will allow developers to use its content (from 1999)  in myriad ways. The more interesting part is what it states  on the Partner Program page “You can display your own ads and keep your own revenue. We will require that you join our ad network in the future.”A very innovative approach!!

    Even content reccomendation services, like Loomia, used on sites such as WSJ, are looking to get revenues for their publishers. Meanwhile, advice is pouring in, from all quarters. Social Media Explorer has an excellent post on how journalists can leverage social media. This Mashable post shows “10 ways newspapers are using social media to save the industry”. This not only includes suggestions, but also tools that are available for free. I know at least a couple of journalists here who also use Twitter for story ideas, opinions etc.

    Debates still rage on the role that newspapers play in the community, and whether its loss is something much beyond that of just a source of news. One view is that society is losing a watchdog, and that stories are reported because of full time journalists, and that in a world, where all content is free, no news gathering will happen, because there is a price to it. But there are those who think otherwise. This is a good read, on that counter view. Some recent studies would support the latter. In fact, it raises a good point about revenue, which we’ll come to in a while. But both agree that to survive, newspapers have to quickly figure out how to factor the net into their business model, whether it is too late, only time can tell.

    As this article points out, the two revenue sources of newspapers – circulation and advertising, are linked. When content becomes free (the net has forced that) people are no longer interested in paying for it offline, which essentially means that advertisers don’t get the reach that they used to, from newspapers. And projections suggest that its not just offline ad revenues that are in a free fall, online newspaper ad revenues will continue to decline in 2009. Whether the state of the online component is a function of recession, is debatable. After all, when it comes to advertising on the net, even the biggest of newspapers have a formidable foe – Google. Google, which is now putting ads in Google  News, when you search for a particular topic. Remember that Google news is only an aggregator, and as of now, there are no updates of revenue sharing arrangement with the news sources.

    Newspapers are still producing content that people want. Only, there are other sources too now.  More than the assets required to generate the content (editorial staff and related infrastructure expenses), it is the delivery platform (press, newsprint, and even the distribution) that is costing the newspaper. Now consider this, with rapid technological advances, it is becoming easier for newspapers to generate the same content, and perhaps at a lesser cost (fewer reporters combined with crowd sourcing, for example) There is still some cost involved in this, and so, it is debatable whether all the content generated should be given free online. If some thought can be applied to utilising other delivery platforms which are cheaper, a revenue model scalable with costs incurred could be achieved. In any case, newspapers never made money out of content directly. They built audiences around the content they provided, and then leveraged that audience to create a revenue model in which advertisers paid to reach that audience. Maybe it is time to rekindle that relationship with the customers and give him more options than the ‘one size fits all’ newspaper.

    The time is ripe for Indian newspapers (especially the English dailies) to do some experimenting.  I wonder if its a good idea to treat the newspaper’s web presence as a separate business unit. Rather than blindly putting all the news available in the physical paper online for free,  start from scratch on the web, have a separate news gathering process (or attribute a part of the overall cost to this unit), start figuring out the requirements of consumers, allow some customisation,  (the net allows a lot already, but its still worth a shot in India) play around with local/sub local content, (they’ve to work fast on this one, since Twitter is also working on local news updates)  work on the digital delivery platforms, deliver more targeted consumers to advertisers with customised solutions rather than broadcast style ads, and maybe a fate similar to the US counterparts can be averted.

    until next time, newspaper

  • Its complicated

    ..and a bit long 🙂

    What do you do when you can’t buy a service? If you have the capability, you build it yourself. That seems to be what Facebook is up to, triggering of what would perhaps be only the first of the battles for real time supremacy. When you log in to Facebook, you can see the message right at the top “Changes to the Home Page are coming soon”, and the link gives you a preview of what to expect on Wednesday. Keeping in mind Facebook’s history of design changes, its not going to be a democratic process like the TOS incident. Change will happen, whether we need it or not.

    So, what are these changes? RWW has a good post that captures the main features. The publishing bar is extremely similar to Friendfeed – Facebook’s favourite idea shop (the newsfeed, comments on the newsfeed, the like feature are all from there), and users can now publish photos, links, videos from here without going to the application. The homepage will now have the newsfeed in the centre (with better filtering features basis their relationship with friends, groups and even applications) When I wrote about Twitter saying no to the Facebook deal, I’d asked for a twitter like ‘Follow’ feature in Facebook, and now thats happening. Thanks to the updated privacy settings, you can follow a person’s updates without being his/her friend. The cap of 5000 friends is also going to be removed. Most importantly, the newsfeed is going to be real-time. Fan pages are changing too, and can brands/personalities (or whatever you’re a fan of) will now be normal profiles and can update their status, and if you permit, your newsfeed will be updated too. So yes, Britney will tell you, on your newsfeed, that she’s having a concert wherever!! I wonder if these changes will make a difference to the existing not-so-great engagement statistics between fans and their objects of fandom. Lastly, I read on TechCrunch that apps on Facebook will now be able to use the live chat functionality, giving them the chance to make an app go viral faster.

    So that’s what Facebook’s been upto. Sometime back, I read an article which compared Twitter to Palm. To summarise, Palm, which used to be a consumer darling for a long time, lost out when it refused to overcomplicate its products, while competitors solved the issues that had made them unsatisfactory. Twitter, thankfully hasn’t been idle. It has been working on its integrated search for sometime, and is now rolling it out (on a few profiles) with a search bar and a trends button. Meanwhile, there has been some speculation about Google buying Twitter. Google should definitely be interested considering Twitter’s prowess in real time search. As this Adage article says, its way beyond the contextual search that Google offers.

    In the future, searches won’t only query what’s being said at the moment, but will go out to the Twitter audience in the form of a question, like a faster and less-filtered Yahoo Answers or Wiki Answers. Users would be able to tap the collective knowledge of the 6 million or so members of the Twitterverse.

    (In that context, check out TwitterThoughts, its a work of art!! And if you’re the kind who misses the real time style of Twitter on google search, you will love this greasemonkey script. Amazing!!)

    While Twitter has been growing exponentially – a whopping 752% in 2008, Facebook has too – though at a relatively more normal 86%. I remember reading sometime back that Facebook was about 15 times larger than Twitter, and that if Facebook were to stop growing today, and Twitter were to add users at the best rate its shown so far, it would still take Twitter 36 years to catch up.

    Very subjectively, and from a user’s perspective, Facebook and Twitter are not competitors. My involvement with my Facebook friends is quite different from that with my Twitter friends, and I don’t have a lot of overlap. But I know a lot of users who have a huge overlap. I actually share a lot more stuff on Twitter and get a lot more stuff from there too. But I am only one user and perhaps represent a minority of typical Facebook usage patterns. For example, The Inquisitr had a good story on how tweets got more responses on Facebook than Twitter itself.

    I am always on Twitter thanks to the browser plug in, irrespective of whether i actively take part or not, I login to Facebook a few times every day. I have to wonder if real time on Facebook can change that. In Facebook, profiles/groups/chat are the bases of conversations – quite well defined spaces. In Twitter, the stream is the base, you start from anywhere. There are different clients that can be used to log into Twitter, Facebook (with a couple of exceptions) has to be accessed from its own homepage.

    Also, from a new user point of view, Facebook provides more ways to interact than the one size fits all approach of Twitter’s ‘What are you doing’?  When you log on to FB, you most likely already have friends who’re there, and you find more friends (who you know in real life), therefore the context and common interests already exist.  You have a base from where to start. Twitter perhaps works in reverse, since you have to make friends (common interests and therefore conversations) on Twitter. Maybe all this contributes to why you have to explain Twitter to people, and they still say ‘Yeah, but what do you DO there?’, and people automatically take to Facebook. Even if thats not the case, relatively, ‘learning the ropes’ is easier on Facebook than Twitter. Thats generalisation and debatable too.

    Facebook’s redesign and policy changes have sparked off user outrage in the past, Twitter (except for the whale) is smoother, perhaps it hasn’t deviated from the original approach much – even the new set of changes doesn’t affect the user much, only adds value to his usage. Is it a difference of intent – Facebook being pure social networking, and Twitter being on a meta plane – higher? Or are the differences merely a function of time in the market and user base? Interestingly, in a recent research with 200 social media leaders on which service they were willing to pay for, Facebook came first with 31.2%, Twitter was third with 21.8%, behind LinkedIn. (via TechCrunch)

    Users are one side of the story, the other side is made up of advertisers. In the survey I mentioned above, when the same social media leaders were asked which service they would reccommend businesses to pay for, Twitter topped with 39.6%, Facebook was third at 15.3%, LinkedIn separated the two again. Every week, developers bring out a new tool that augments/complements Twitter usage and helps the service cater better to users, and perhaps brands too. Meanwhile, Facebook is working on a combination of Facebook Connect and Facebook Ads, to create a social ad network. It seems quite possible that just like users, brands also will differ in their usage of the two services. Some might adopt the same practices, some might vary, and use each to complement the other. It could also be that they would cater to different kinds of advertisers altogether, just like my friends list. More on that next week.

    until next time, never the twain shall meet?