Liz Scherer, a long term friend of mine, agreed to model and here is the result (or one of them).
The Mounting Challenges of an Established Social Content Market
Image by Randy Pertiet
When blogging was new, anyone with vertical subject matter expertise could create their own site and become a success. These voices were integral role players within communities that shared the same interest. Today, the corporatization of social media by content farms, the use of algorithmic content sourcing, and an established tier of “A-List bloggers” has drastically reduced the chances of success for the individual voice. Increasingly, the desired outcomes of blogging seem like a myth of the past, just like the romantic cowboy of the Wild West.
It’s not impossible, but the dream remains big while the real opportunity has become significantly more challenging. Great content is not enough.
The pioneering era prompted the rise of books like Naked Conversations with story after story of content marketing success, and folks like Sarah Lacy who espoused the theory that anyone could create their own successes online. And there was a time when these things were true.
Years later — whether it’s traditional print, video content, imagery or applications — individual voices find it difficult to break through, unless there’s a sudden new “green field” such as the iPad application marketplace one year ago. The social content market evolved and embraced power dynamics, mostly in the pursuit of monetization. Established power structures weigh down on newcomers, forcing them to navigate a much more complicated field of competitors.
Content Farming
Last week’s AOL acquisition of the Huffington Post thrust content farming back into the spotlight as a viable means of generating ad revenue. Whether it’s an actual content farm or editorial driven sites that harness collective paid content and free “guest” columns, these corporate sites dominate the top tier of content producing social sites. Many of them are really vertical specific digital publications running on a blog platform.
Publishing on these mega-content sites is often the only way for new writers to garner tens of thousands of eyeballs in lieu of an established following. But it’s a serious trade off, sacrificing all copyright, search engine optimization (SEO), and the ability to create calls to action on one’s own site. Many writers use content farms to market their own blogs, or simply because they would rather have the eyeballs instead of launching a unique site.
Algorithm Sourced Social Content
Popularity driven algorithm sourced content exists on almost every social networking site with a significant user base, from Facebook and Twitter to Delicious and YouTube. Thanks to Facebook’s Open Graph protocol (Like feature), algorithm sourced content is now featured on many traditional 1.0 sites, too. These algorithms serve stories that have the highest probability of provoking engagement. Depending on the site, they even incorporate personal semantic data preferences to further encourage interaction.
The challenge for the new voice remains getting sourced by algorithms as a popular voice for content. This requires intense network development, interaction and hot content… Much more so than the open era of blogging’s initial days or even the first couple years of Twitter and Facebook’s market availability. In the maturing market of 2011, new voices have significant organic network development hurdles to overcome. Either that, or they need the runaway hit to break them into the idea market.
Competing with the A List
It’s hard to find any social content marketplace that doesn’t have entrenched voices already. While none will admit to holding newcomers back, all will fight to maintain position. Further, these voices often have years of community building behind them. Tactics include ignoring new voices, blackballing and punishing dissenting voices, and stealing content ideas and positions without attribution or cross-links. The rare winners highlight other voices, and welcome them.
If new voices are lucky, the existing blogging and content producing corps within their vertical lack strength in conversation. This allows for obvious differentiation. Otherwise, expect a thinly veiled dog fight.
Search Algorithms
Using social media to drive search has been a long standing tactic for bloggers. The rise of personalized and semantic data-based search changes the picture. Like the algorithms driving popular content, these algorithms not only reward linking behavior, but also personal behaviors, social context (including tonality), and popularity.
This creates tremendous issues for new voices who have not built their networks yet. Stellar content needs to perform well to drive the linking behavior necessary to be sourced. Breaking through without a strong peer network to help out requires stellar content backed by great SEO practices, such as keyword usage and titling.
Immediate Social Network Referrals
Referred content continues to be a great source of readership. Many people trust their social networks to bring them the news they need to hear. While the 2011 Edelman Trust barometer shows that we trust our peers less than we used to, this is still a crucial component of marketing content. In fact, as evidenced by the placement of algorithms, these referrals drive several tenants of the current content marketplace.
It’s not enough to write, produce and/or create anymore. Community centric content that drives two-way participation has become a must in 2011.
Conclusion
This assessment means to provide an accurate market picture of the competitive forces facing a new content effort. The 2011 social content marketplace requires a much stronger marketing effort behind it than past years. Instead of the conditions of the pioneering days, new content creators find a rapidly maturing media marketplace with strong power structures.
Start-ups have faced big companies and smaller entrenched competitors as long as there has been free market economies. In that sense, the content farms and A-Listers represent the traditional challenges of an established market. The technology charged online media environment of 2011 lends additional hurdles for content creators such as algorithms and social network referrals, all of which point to the need for savvy community marketing practices.
From traditional blogging practices and SEO to high powered social networking and visibility in top tier social content farms, new voices need to deploy a wide range of marketing tools to rise to the top. This becomes easier if the voice has traditional marketing strengths to leverage such as a house file of email contacts, and a functioning PR and events program. Integrating traditional marketing into social outreach creates greater opportunities for success.
How would you approach the modern social content marketplace?
10 Wishes for the Baby New Year
With the Baby New Year about to be born, it’s time to reflect on resolutions and wishes for the next 365 days. Here are 10 wishes for the online communications space in 2011:
1) Instead of running to lynch Julian Assange, the market needs a deeper analysis of Wikileaks and its role in the 21st century media environment, good and bad. The implications will be far reaching for all Fifth Estate participants, bloggers, pseudo journalists and social network voices, alike.
2) Ethics, what are those? It’s time for the Wild West known as the blogosphere to look deeply at practices like affiliate marketing, Perks and other interesting forms of compensation.
3) That the market starts treating high school conversations purporting greatness and righteousness as the distractions that they are. There are so many better ways to invest our time.
4) May the mercenaries at Apple cave and let nonprofits receive commission-free donations on iPhone Apps.
5) Vigorous civil discourse ensues about what happens next now that social media adoption is coming to a close, and the primary focus is learning best practices.
6) Better self policing in the communications blogosphere. When a communications blogger takes a plane ticket — disclosed or not — to attend a party, then blatantly defends the party organizer and the questionable influence algorithm financing the effort, conversations about ethics need to happen. Enjoy the Pop Chips.
7) That Causes, Crowdrise, Jumo, or another platform becomes a killer valuable middleware solution that really makes a great difference for the nonprofit social web.
8) A great book launch for Welcome to the Fifth Estate that centers on the actual ideas in the text. Isn’t that what books are supposed to be about, ideas?
9) President Obama announces that he won’t run for re-election in 2012. Well, it’s just a wish!
10) Last, but certainly not least, that Soleil and every reader’s children stay healthy and safe in 2011.
Do you have a wish you’d like to add?
Special thanks to Anna Barcelos, Diane Court, Susan Murphy, Amy Hordes Erbe, Meg Fowler, Danny Brown, Isaac Pigott, Liz Scherer, Devin Mathias and Stacey Hood for their wishes, too! Trackbacks on this post are turned off. This post does not seek to generate in-bound links, instead it will hopefully inspire people to consider the ideas discussed in the context of their own efforts.