You can now find me at:
www.midnightexcess.com
What’s the Point Of LinkedIn Answers?
December 7, 2007Are you a member of LinkedIn? I am, and I have to confess that I find the ‘Answers’ section strangely addictive. If you haven’t seen it, it’s basically a Q&A area for members to ask a question on pretty much any subject and hope for the wisdom of the crowd to provide an answer. There are a number of factors though that make me wonder ‘what’s the point?’.
To help explain: the questions can largely be broken down into the following groups.
- Real, useful, interesting and thought provoking questions or requests for contacts
(about 5% of the total)
- those that can be answered in two minutes via a Google search
(‘what is the longest river in Uzbekistan?’ *)
- questions that make no sense or are unable to be answered in this context, or are so ambiguous there’s no hope of a sensible answer
(‘Tips for creating my own website?’)
- Self-promotion cunningly (or not so cunningly in most cases) disguised as a question
(‘what do you think of eatmyshortsatxmas.com?’)
- Bizarre zen-Buddhism style questions
(‘You are a cupcake. What flavor are you?’)
- Questions about LinkedIn
(‘How do I merge two accounts?’ – about 90% of the total!)
- Repeats
(the same question posted in five different categories, one after the other)
- Completely off the wall questions. I call these the ‘airplane’ questions, if you remember the scene at the information desk.
(‘Should I fake my orgasms?’ .. ‘What’s the best price of wooden limbs in the Ukraine?’ .. ‘Why does my new dishwasher make a high pitched sound?’)
So why do people bother? And why do I keep coming back? My theory is that it’s a combination of genuinely wanting to help and our inherent competitive, self-promotional traits coming to the fore. LinkedIn allow you to give someone the equivalent of a gold-star for a good or great answer. Who wouldn’t like that kind of ‘getting-back-to-school-and-impressing-the-teacher’ recognition
I’ve noticed that there’s only a relatively small group of people answering pretty much every question (and, without sounding rude, that most of the really crappy or bizarre questions seem to come from India).
I’d love to know though, whether those people who asked a question feel that they’ve received value for money.
Perhaps I’ll raise the question on LinkedIn
* Amu Darya
DejaVu All Over Again?
November 28, 2007Come with me back to the mid to late 90s. Remember those years?
Remember trying to find office space in and around the Bay area? First Tuesday meetings with three thousand green badged ‘entrepreneurs’ chasing three red-badged ‘VCs’ around the room? Remember pets.com, WebVan, boo.com and the million other startups hoping to make it into this brave new online world? The mass of money pouring into crazy no-hope projects for the slim chance of picking the right one? The multitude of companies who added an ‘e’ or an ‘i’ to the front of their names? Or a ‘.com’ at the end?
Remember all those companies whose sole method of ever making money was via advertising …?
Fast forward back to today and you may wonder whether anything has changed. Are we going through the same cycle again, you might ask?
I’d suggest the answer is probably ‘yes’ … and ‘no’.
Let’s look at the similarities to last time: there are certainly far too many ‘me too’ products, most of which will fail or be picked up in a fire sale. How many social networks or video sharing sites do we really need? Especially when there’s little to no differentiation between them. There are plenty of social news sites, but no’ones quite struck the right formula just yet (Digg may be close, but has its own issues to deal with). And we’ve got widget, wiki, blogging and portal offerings coming out of our ears. There’s a lot of investment money still to be had, even with the current squeeze on the US market, and a lot of online businesses offer free services in the hope of ad revenue.
There are some major differences though. Firstly the penetration of broadband, which lack of helped to kill companies like Boo (along with totally incompetent founders – more on that later) is now such that the user experience can be far richer. Video, immersive technologies such as Second Life, real-time communications, fancier Flash and Javascript effects, integrated voice and the like help with that greater level of interactivity.
Secondly, whilst there are still plenty of ‘green-horns’ running web businesses, a lot of the companies this time around are run by those people who went through the first-round: for better or for worse. It doesn’t yet mean they necessarily know how to run a successful company, but you have to believe it helps.
I also think that in terms of advertising as a business model, whilst not perfect and whilst still very risky for most ventures, it is more viable than before. Platforms such as Google adsense and ad-words, Facebooks flyers and Beacon, the work that News Limited are doing on the MySpace and syndicated advertising platform mean there’s a lot more serious and targeted effort being put in now than the simple sale of banner-ads or annoying pop-ups. Acquisitions by the big players of companies like eQuantive and the like ensure major investment in this field. That coupled with the drop-off in traditional advertising means that there’s a potential gap to fill (although, for now, the drop off in offlline advertising isn’t being reflected 1:1 online – by a long way).
There will still be large challenges to this model, not least of which a number of privacy issues yet to be fully resolved, but you have to believe that whilst the gold rush dreams should well and truly be put-aside, there’s still some pretty decent money to be made in them thar hills!
If there’s a common thread, it’s that whilst plenty of silly businesses have and will perish in both rounds, the basic tenets of business online have survived and there are plenty doing it well (see the acquisition of Homestead recently as a prime example of survival!)
Predictors of another bubble burst and predictors of nothing but flowers and glory will, in my humble opinion, both be wrong!
(oh, the story about Boo. Nothing too exciting, but I saw Ernst Malmsten and Kajsa Leander presenting at a First Tuesday event in London in the late 90s, and I have to say that if you can predict a companies future by the terrible performance of its leaders – especially Ernst – you would have been pulling your money out as fast as you could!)
PS: looks like boo.com is now a travel company of sorts
Gaming the System?
November 26, 2007The pre-cursor to getting people to stick around on your site is obviously to get them there in the first place. As we all know, most of us are a mere blip in a giant universe of electronic noise. I note with interest, therefore, a bit of a ding-dong happening at Techcrunch over a post by Dan Ackerman Greenberg following his outlining of the methods his marketing company takes to ‘help’ a video become viral.
What I find interesting about this is that, apart from the fact you never normally hear such honesty, the techniques he describes for garnering interest are nothing new. Sure, we’d all like to think that the ‘net was somehow much more pure back in the day, but the reality is is that offline marketing techniques have simply switched online and have done so for a long time. Ever seen a print advertorial? How about news items that are clearly just press releases? Ever received a free-sample of something or trial products to use at your club or society? Remember the ‘Gabbo’ advertising from the Simpsons (which a number of books and films had used in real-life). Or let’s go back further still: ever think that the first audience member at a sale or market isn’t just the brother of the seller? Ever been to a nightclub and wondered why there were three or four people always first out on the floor (paid by the club to seed the dancefloor).
Personally I’d love more of a ‘fair-go’ for those of us with limited resources and budget. A happy chance of random encounters with whatever media we choose to produce. Fact is there probably isn’t a lot of interaction you can have with any product on or offline without your actions having been ‘influenced’ to a degree. The classic and best examples would be supermarkets and big-box retailers.
The noise over at TC will fade away, and the cynic in me thinks that Mr Greenberg may have pulled off one of the best promotional coups of his career. For the rest of us, we have to deal with living in the self-promotion society we find ourselves and deal with it accordingly.
So, enjoy your Soulja Boys and your Teen-15s over at YouTube, but remember .. there’s a pretty good chance you will have been helped along the way to find them!
‘Fun’ With Statistics | Getting TechCrunched
November 23, 2007Blimey .. it’s been something of a crazy 24 hours. I had a few spare moments yesterday and so decided to pull together some numbers from the Facebook advertising platform (which I’ve subsequently had to correct – that’s what happens when you spend about 5 minutes on an exercise!).
Knowing that they love all things Facebook I emailed Michael Arrington of TechCrunch with the data, and after a blur of emails the story made it to the TechCrunch homepage!
Here’s what that did to my blog stats (click the picture to see it full-size):
As you can see, just a small jump from my normal traffic!
I don’t include those stats here to brag, but rather to illustrate the amazing effect of word-of-internet when a story gets to one of the popular sites like TechCrunch, Digg, Reddit and so on. As it turned out, my data was somewhat erroneous (although there are still more females than males on Facebook according to the updated figures .. just perhaps not in such a large ratio), but that hasn’t stopped the story spreading through all the various sites that syndicate, borrow or steal TechCrunch content. There’s an amazing ‘halo’ effect of other sites – particularly blogs of course – mirroring popular stories in a hope that traffic will gravitate via topical searching and linkbacks.
This isn’t new, and the network effect of word-of-mouth or guerilla marketing has been around forever, but it is interesting to see it play out around your own site. You can see why so much effort is put into gaming stories onto Digg for example.
Anyway, I’m sure this will calm down as quickly as it came up. Shame I can’t carry Google adsense on WordPress – I could have made at least 50c out of this
[update: speaking of viral marketing, there's an interesting article on - surprise - Techcrunch today about marketing on YouTube]
Facebook Member Stats – An Update
November 23, 2007A number of people have pointed out to me that it is actually possible to not select your gender on Facebook (something I was unaware of I must admit). So, I re-ran the numbers and checked specifically for ‘male’ and ‘female’ (not just the difference between male and the total, which I’d wrongly assumed were female!).
The stats are in the picture below. Click to enlarge it. Still a great percentage of females, but a lot of unspecified genders. I wonder if these represent inactive or unused profiles? I mean, if you were a regular user, with Facebook friends, there’s a pretty good chance you’d specify your gender. Anyway, here’s the upate:
Exercise for the Reader: Facebook Member Stats
November 22, 2007[Update: before you get too far into these numbers, you might like to check out this updated post, which gives a more accurate breakdown of genders - the country totals remain the same]
Out of interest I went through the Facebook ad platform to pull together some stats on relative numbers of members from each country. Not surprisingly, the US represents over 40% of the total membership at just over 18 million. Some surprises though (at least to me), with Turkey in 5th place.
There’s quite a heavy bias to the ladies too, with female members making up just over 63% of the total population.
I’m not able to see what criteria FB uses to present these numbers, so these may be members with just a basic profile, or those who have also filled in some additional personal details too.
Full picture is below. Click on the image to open up so that you can see all the data.
[update - see my comment in the comments too
]
Posted by thursdayclub 

