Post #336

by drm on December 21, 2009

viralhousingfix first postOn January 4, I posted the first of more than 335 posts published in 2009 on this blog.

That first post was a Welcome and Introduction. I laid out my intention to  some of the best thinking about the economy, media and marketing that I encountered as I travelled around the country doing the things that I do for my job.

Intent and outcome frequently diverge in life. The 335 posts between that first one and this one became an exploration. I was trying to gain my bearings in relation to two large questions.

First, What will the economy look like in a recovery? A clear point of view on this question provides a framework for thinking about core business and personal issues: How to create value, where to allocate resources, how to approach debt, how to set expectations. As the year went on, it was clear that the economy was bottoming out and that a recovery was going to be long and slow, with sustained high unemployment and stresses on the political, business and personal fronts. (As regular readers know, my thinking closely mirrors the thinking of John Mauldin, who has written at length about the statistical recovery.)

Second, What is the new relationship between community, information and markets? My bias regarding this question has been towards understanding how large cohorts are consuming media and what techniques or services marketers and media providers can adopt in order to establish relationships with those consumers that translate into business results.

That bias steers me away from focusing on cutting edge technologies and towards trying to identify things that are working now, but that require a slight shift in approach or thinking in order to achieve penetration on a wide scale.

What drives my bias? Cash. In thinking about these issues, I’m anticipating the issues and needs of small to mid-sized businesses, both in terms of marketing budgets and media operations. For this group, things need to pay off in real terms. They don’t have the time or the money to experiment too widely. But when they find something that works, they will shift quickly.

A good number of the last 335 posts have been spent trying to puzzle through how to evaluate the benefits of new opportunities for small- to mid-sized marketers and media companies, and then trying to describe how to re-tool basic business processes in order to integrate new tools with minimal — if any — additional cost.

I feel like I’ve made a start, but there’s still a lot of work to do to make these ideas simple and easy.

That’s my seque to the next 350 posts. A little less focus on the economy, I think. A little more focus on examples of using social media and mobile to strengthen media brands and to create stronger internet marketing programs for small- to mid-sized businesses. And a continuing exploration of consumer trends in media consumption. Because you want to fish where the fish are.

I hope you stay along for the journey. And as always, encourage you to comment, suggest and direct.

Thanks.

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  • UrbaneWay
    Hey Dan, Happy Holidays to You and Your family.
    Congratulations on (335) posts, which is a point in of it self, think about the amount of time you, one person spent on building the start to your Long Tail. While your personal reasons for blogging may have no bearing on building your Long Tail, you are in fact doing that none the less.

    In the book Outliners, Gladwell repeatedly mentions the "10,000-Hour Rule", claiming that the key to success in any field is, to a large extent, a matter of practicing a specific task for a total of around 10,000 hours.

    While the merits of that may or may not apply, the point I am getting at, is that in fact to increase your Digital Footprint, either personally or for your business, it takes time, and while there are certain tactics which will help propel things, it is mostly built one post and one link at a time. Maybe that has always applied to advertising, it is just easier to see a digital footprint grow, and certainly easier to see what works and what doesn't.

    I think as folks continue to see and realize the digital shift that has and is occurring, some may well see themselves as Trailing Behind (Blog Post forthcoming) and figure out that the old ways of being able to Buy Position don't work so well anymore, and you simply cannot Buy a Block of Long Tail to catch up. I liken it to a slow drip in the winter that starts as just a drip, but develops into huge icicles one drip at a time.
  • This long tail is difficult to conceptualize for marketers, because it is very different than the way that they think about their marketing messages. I'm giving a presentation today to a group of Exit Realty agent. My focus is on how they need to claim their digital footprint everywhere that they possibly can, and that they should think about social media first as a way to extend their networking activity over time and space. Just those simple activities will create a significant benefit for them when consumers are searching on the web for anything associated with real estate. Trying to make this as simple and understandable as possible is a challenge, because the concepts are pretty abstract.

    You see it when you look at your web logs, or search yourself on Google, or begin to connect with unexpected people in unexpected ways -- just look at how we built our relationship.

    What's likely to happen is that businesses will try to take shortcuts. They'll start buying "content" that is one step removed from SEO language. Google doesn't do a great job filtering that content. They'll try to build a long tail without doing to the work to create digital relationships with their Community of Interest. And the impact won't be as strong as it should be.
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