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Are you a UK Social Media Power Player?

(This article first appeared on Marcom Professional)

Can online influence be determined algorithmically?

That’s the serious question behind the bit of fun I had last week creating the PR Week UK Social Media Power Player league table.

Using PeerIndex to determine an overall influence score (and based on PR Week’s original Power Player selection), I’ve so far listed around 283 people (if you feel you should be on the list, then sent me a Tweet – @andismit).

As I explained in my original Storify piece, I was simply testing out the new group creation feature of PeerIndex. However, little did I realise the Pandora’s box I was opening.  If I’ve learnt anything this last week, it’s that PR folk love a league table and are hugely competitive. The clamour to be included on the list was astonishing (as of this morning, the list has been viewed nearly 7,500 times). And clearly some people have begun obsessing about their rankings.

Inevitably, some have questioned what meaning – if any – a PeerIndex score has (or a Klout score for that matter).  I’d have to agree that an absolute rating like the overall PeerIndex tally probably doesn’t really provide much insight – other than being a modest diversion for PR people. However, PeerIndex clearly has plans to provide a rating relative to specific topics. That to my mind is far more interesting. Being able to have insights into which people may have more or less influence in relation to specific subjects is far more worthwhile for PR and marketing people.

Of course, that begs the question as to how PeerIndex arrives at its scores.  Like Google, they aren’t revealing the details of their People Rank algorithm. Some might argue that it is impossible to determine influence algorithmically. And I’d agree that PeerIndex isn’t perfect. At the same time, I applaud the effort to try and do it. Given the choice between attempting something and doing nothing I’ll always plump for the former.

So the debate about PeerIndex and its ilk will no doubt rumble on. But I can’t help but feel that this kind of algorithmic approach to determining online influence will play an ever increasing role in  21st century PR and marketing.

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Are you suffering from the endowment effect? (Marcom Pro)

Stop sniggering at the back there.

The title of this week’s Marcom Pro Round-Up has nothing to do with Viagra-related spam e-mails.

The endowment effect was an expression coined by American economist Richard Thaler to describe our tendency to set a higher selling price on what we own (are endowed with) than what we would pay for the identical item if we did not own it. In Peter Bernstein’s excellent book Against the Gods: The Remarkable Story Risk, there are numerous insightful examples of this effect in action (not to mention a host of other intriguing principles such as Prospect Theory and backwardation).

As Bernstein points out, the endowment effect arising from the nationality of the issuing company is a powerful influence on share valuations. Even though international diversification of investment portfolios has increased in recent years, Americans still hold mostly shares of American companies and Japanese investors hold mostly shares of Japanese companies, And yet, the US stock market is equal to only 35pc and the Japanese to only 30pc of the world market.

In a similar way, is marketing suffering from its own endowment effect? Are we still so heavily invested in the sunk costs of our traditional skills and tactics that we are failing to match our marketing investment with the reality of the world today?

According to Mary Meeker, the answer is yes.

If you look at only slide presentation online today, make it this one.

And in particular, look at slide 25. Look at the disparity between print media consumption and marketing spend. Proof positive of marketing’s endowment effect?

(This post first appeared here).

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Digital marketing digital pr General PR marketing online pr tech pr Technology PR

Why fungibility is the PR industry’s biggest problem (Marcom Pro)

As the head of WPP, Martin Sorrell’s pronouncements on any aspect of marketing are always worth paying attention to.

Back in December, he suggested that the PR sector’s biggest issue was the lack of talent – at least by comparison with other industries such as investment banking and management consultancy. According to Sorrell: “professional consultancy firms such as McKinsey and Goldman Sachs continuously hire the best people. Our malaise as an industry is that we don’t – we just nick them.”

On a related theme, Speed Communications joint Managing Director Steve Earl had a great post this week talking about how recession is the overriding factor dominating how PR businesses are run, how they’re developed, what their aspirations are and how PR is bought at the moment. Says Earl: “What I’m getting at is whether agency management teams are responding wisely, transparently and fairly to helping their personnel through a recession. Many of the job applicants Speed has seen through its doors in recent months talk about how many agency staffers are being asked to do jobs a level above their pay grade.”

Sorrell’s views are related to Earl’s observations. But these issues are nothing new. Professional services consultant David Maister identified the symptoms (and cures) for this malaise over 20 years – his books on Managing The Professional Service Firm and Strategy and the Fat Smoker should be required reading for senior PR management.

So what would Maister’s advice be to Sorrell and Earl?

According to Maister, Goldman Sachs and McKinsey are both “one firm firms”.  The emphasis is not so much on hiring the best talent as developing it from the ground up. Maister contrasts this with what he describes as “warlord firms”, where the productive senior members operate as chieftans presiding over their own territories, “occasionally collaborating but generally acting without a long-run commitment to the institution or each other. The past and the future are not often items high on the agenda.”

Consequently, over time, the performance of extreme warlord firms often swings through peaks and valleys. Much management energy is expended in modulating the politically charged environment.

As Maister presciently observed some years ago: “many warlord firms have reduced or eliminated entry-level recruiting, purportedly because of the short term cost of hiring and training such people. They prefer to hire laterally from other firms, to avoid the costs of investing in junior people.”  Or in Sorrell’s vernacular, nick them.  As far as Maister is concerned, “such firms are sending two uncongenial messages: the people we hire are fungible and there is nothing special about us. As a result, they fail to develop the loyalty and cohesiveness needed during periods of both prosperity and stress.”

And recession and stress go hand in hand. As Sorrell said in December of the PR sector: “we are supposed to be in the differentiation business”. In which case, the apparent “fungibility” of its most prevalent commodity may well be the most urgent issue that needs addressing.

(This post originally appeared here).

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Books Digital marketing digital pr General PR marketing online pr tech pr Technology PR

If PR was no fun in 1985, what is it now?

David Maister’s 1993 book “Managing The Professional Service Firm” is still the gold standard by which all other management books aimed at the legal, accounting, PR, marketing and consulting sectors should be judged.

A round up of material he’d been writing since the early 1980s, re-reading it again reminded me how much truth is still contained within its pages. There is very little that has dated.

Every chapter still contains golden nuggets of wisdom – not just for those in senior management positions in PR firms, but for those who are starting out on their careers.

For example, if you think the “motivation crisis” among the younger generation in PR is a new phenomenon, think again:

“PR is just not any fun any more. Today’s clients are demanding, cynical about the value they receive, and treat you less as a professional and more like an ordinary vendor. The pace, intensity and workload are greater than ever, and the firm atmosphere is competitive rather than supportive, and certainly less collegial. With all this concern about profitability, it seems like we’re being asked to work even harder for less money.”

And that was in 1985!

However, if the issue hasn’t gone away, then the solution offered 25 years ago is broadly similar. In other words, the problem isn’t one of too much work, but too much meaningless work. The role of management is to explain why work is important rather than just telling people what needs to be done. In addition, it is a function of the knowledge and skills that the firm has to offer that will give it the best chance of long term success. As Maister says, knowledge and skills are assets that left untended will depreciate in value. And quickly. And perhaps even more so in this day and age.

The PR sector as a whole clearly needs to invest in developing new knowledge and skills.

The future is bleak for those who continue milking yesterday’s assets.

 

 

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Automated sentiment analysis? Yes, it is possible. And it’s here: Glide Intelligence

Glide Intelligence

The concept of automated sentiment analysis has pretty poor reputation. Not least because expectations have been raised in the past by vendors only to be dashed on the hard rocks of failed promises.

Glide Intelligence – launched this morning to group of 50+ senior comms professionals at the CIPR HQ in Russell Square – thus enters the market with a hefty hurdle of cynicism to overcome.

However, having been involved in the beta testing of the product over the last 12 months – and having sampled many rival attempts at sentiment analysis in the past – I’m very optimistic that Glide Intelligence really does take a major step towards the holy grail of genuine, real time automated sentiment analysis.

So what sets Glide Intelligence apart from rival sentiment analysis systems?

  1. The product hasn’t been knocked together in five minutes. As Glide CEO Sam Phillips said this morning, the project started nearly 5 years ago and has seen a 7 figure investment in its development.
  2. One of the key brains behind the project is Keith Woods-Holder, who, if anyone, is entitled to the moniker of godfather of automated sentiment analysis. He began his career 25 years ago creating advanced mathematical models for the UK Government’s Advanced Planning Unit, followed by 3 years as Research Director at Saatchis. He was then recruited by IBM to set up KWHR, on of the first ever firms to build a commercial sentiment analysis model which was subsequently adopted by brands such as Kodak, Dell, Sony and NASDAQ (Keith does a good line in Michael Dell anecdotes). The man has form.
  3. The technology is based on 4th generation advanced NLP sentiment analysis. It is also context-based, rather than keyword or dictionary based. This means it gets over one of the major traditional objections, namely, that automated sentiment analysis can’t handle irony, sarcasm or slang.
  4. The breadth of sources. Glide Intelligence will monitor broadcast, print, online and social media all at once – and in real time.  For example, you could have a real time, minute by minute, monitor of brand sentiment – and be able to spot where comms issues are developing in real time (just think what Peter Morgan at Rolls Royce could have done with this). An example was given this morning about how the tool could be used to monitor reaction to tube strikes – and where the sentiment is developing and how that is translating across media platforms. And what comms action could be taken – in real time.
  5. It can also be used to trace how a story developed eg if a particular article generates reaction across Twitter, broadcast, etc – and which could provide a blueprint for dealing with a similar issue in the future.
  6. Glide Intelligence provides multiple perspectives – in other words, not only can you view sentiment for your own organisation, but you can see how the world looks through your competitors eyes. The implications of this kind of analysis for comms professionals is obvious.
  7. Full transparency – you can pretty much drill down as far as you want to an original Tweet or article.
  8. The reporting capabilities are immense. More charts and tables than you can shake a stick at.

As you can guess, I’m very impressed with what I’ve seen so far. If Glide can deliver what’s on the tin, then perhaps the long awaited promise of automated sentiment analysis may finally have arrived.

Form an orderly queue for your demo now.

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Digital marketing digital pr General PR online pr tech pr Technology PR Web/Tech

Guest post: The Myth Of Press Release Syndication: Kelvin Newman, SiteVisibility

FX: Fanfare

This the very first Guest Post on In Front Of Your Nose. And I’m delighted to welcome Kelvin Newman from SiteVisibility for this auspicious debut with his take on The Myth Of Press Release Syndication. His views on the subject are highly pertinent – not least because he knows what he is talking about when it comes to SEO – and the PR world on the whole has a very distorted view of what they can, could or should do with regard to press releases and search.

Kelvin is Creative Director at SiteVisibility (without question, one of the top SEO firms in the UK), as well as editor and presenter of  iTunes most popular marketing podcast (again, along with a sub to Econsultancy, people could save themselves a lot of pain and heartache by simply listening to this every week).

Anyway. I’ll shut up. Kelvin, take it away….
Guest post: The Myth Of Press Release Syndication: Kelvin Newman, SiteVisibility

“We all understand that Google’s algorithm is trying to mimic the real world. Google’s reliance on links to determine authority is based on what happens offline. If a trusted person or media outlet recommends a product, the more I trust the recommendation. And the more likely I am to believe them. Makes sense, doesn’t it? So why do so many people believe that Press Release Syndication services (who will shill for anyone who hands over the cash) are going to be good for your rankings?

In my opinion, rather than just being a benign distraction for the naive, I’m genuinely concerned that huge swathes of the PR industry think that in order to ‘get’ SEO they just have to start adding a few keywords into their press releases, bung them on a wire. And their clients will  automatically shoot up the rankings.

The links that have the most impact are those that are hardest to achieve; genuine editorial mentions on relevant pages of sites with huge trust. Press release syndication will never enable you to do that. All it does is get you a link from a website which no real person ever visits. There are no real editorial standards being used. So the chances are even higher that really low quality spammy sites are being linked from and tainting your clients by association.

Some people occasionally justify this process on the basis it might help a website get at least some links and coverage from journalists who subscribe to the release wire service concerned. Personally, I can’t see it. When I used to work on Zoo and Arena,  journalists were swamped with releases by email. I doubt they’re going to go out of their way to sign up to get more.

Some services even charge you more to get some shiny social media buttons on your release. What a complete waste of money. I can count on one hand the number of times a press release has been shared in my social networks. And in those cases, it was only because what was contained in the release was hugely news worthy. The latest “me too” product launch or made up survey is never going to get shared socially.

And do you think Google, with their sweat shops of PHDs, haven’t twigged that these websites will link to anyone who pays? It’s not a huge leap to assume that they might have tuned out any minor value that these websites might have had years ago.

So why do people still think it works? Well, it’s easier than actually wrapping your head around how link building really works. It’s a small nod to SEO without actually having to drastically change approach.

However, I can’t be completely against the technique.  It can be a great way to open up communication between whoever is responsible for PR and SEO. It shows that on both sides of the table, we’re starting to understanding that we’ll get better results if we work together.

Of course, it is beautifully ironic that in the area where you most frequently see collaboration between PR and SEO currently, the outcomes hardly justify the effort. The real value of PR and SEO working in unison is in creating stories and content that appeal to the people who have the power to link to – and influence – a site’s reputation in a positive way.  This is where PRs and SEOs should be concentrating their efforts.

In summary, my attitude is if the news release has already been written, it’s mad not to try to eek out a bit of SEO value by publishing it on a wire. It’s not going to do any harm. But anyone who thinks press release syndication is an important link building strategy needs their head testing.”

What do you think?

Comment below like your life depends upon it.

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Digital marketing digital pr General PR online pr tech pr Technology PR Web/Tech

Monitoring Social Media event – Boston: 5th October 2010. 20pc discount on all tickets.

Update: 16/10/2010 Discount now 20pc. Post amended to reflect this.

The folk at Influence People have a got a number of good events coming up in the US over the next few months. If the quality is anything like the Social Media Marketing event I attended in London in June, then US attendees are in for a treat.  One of our clients (Glide Technologies) will be participating in the Monitoring Social Media event in Boston on the 5th of October (more details below).  A 20% discount on any ticket price is available to anyone using the promo code ‘GLIDE’.

Enjoy.

Monitoring Social Media (Boston) will bring together leading brands, PR and marketing experts to discuss the latest ideas, trends and techniques in social media monitoring and measurement.  Though a series of presentations, panels and expert-led discussions, we will explore the critical issues that marketers and PR professionals are facing in their efforts to monitor their social media interactions.”

Tuesday 5th October

John Hancock Hotel & Conference Centre

40 Trinity Place at Stuart Street

Boston, MA 02116

 


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Exclusive! 4 step process for PRs to gain backlink building expertise in 30 mins. Guaranteed!

Kelvin Newman of Brighton-based SEO firm Site Visibility posted a great piece on EConsultancy recently in which he claimed that PRs can be better link builders than SEOs.

Of course, the important word in the title to his blog post is “can”. The implication being that PRs currently aren’t better link builders.

On the back of this, I have spent a lot of effort over the last few weeks to come up with the following foolproof process for PRs who feel they are lacking in their backlink building skills and want to get one up on the competition:

Step One: Click this link
Step Two: Spend 30 mins to one hour reading the articles here.
Step Three: Go back and read them again
Step Four: Remember what you’ve read before embarking on any kind of link building exercise.

Seriously though. Eric Ward talks a lot of sense.  He’s been banging the “great backlink building is synonymous with good PR” drum for longer than anybody.

Pick any one of his articles, and you’ll usually find a pearl of wisdom eg:

It is not the link itself that the engines trust. It is the person behind the link.

The ultimate credibility of the content will be determined, from a linking standpoint, by the credibility of those giving out the links.

Web marketers should not ignore the significant role this human algorithm will play in their link building future.

There seems to be a growing consensus that relationship building and content are the keys to successful backlink building (and by definition, successful PR and SEO). If so, then the door remains firmly ajar for the PR sector. However, it needs to make the effort to grasp the opportunity.

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Digital marketing digital pr online pr tech pr Technology PR

Why poor backlink requests are like bad PR Pitches

The SEO vs PR debate continues to rumble on. However, on a very tactical level, it occurred to me that certain SEO practitioners are starting to emulate some of PR’s worst habits – specifically, the bad pitch. Or at least it’s SEO equivalent – the poor Backlink Request.

The key qualities they share are irrelevance and lack of personalisation.

Journalists hate getting mass-mailed irrelevant junk. And in a similar way, if you run a website or a blog (and let’s face it, that’s a lot of us these days), it is just as annoying to get spammy link requests.

I’ve yet to receive a carefully crafted and personalised request for a backlink that shows the person making the request understands what my blog or sites are all about. Or what real benefit might accrue.

It was thus interesting to see Stefan Hull from top SEO firm PropellerNet at the Social Media Marketing event back in June present a case study on the work they’d done to support the Westfield shopping centre in Shepherd’s Bush. A key part of the project was getting quality backlinks. And how did they go about this? By properly researching appropriate backlink properties and then making personalised approaches to try and get the link.

In other words, the kind of work that PRs have been doing for decades with journalists. Substitute editorial coverage for backlink and you get the idea.

This seems to me an eminently transferable skill – and at least for once this is something where PR can bring something new to the SEO party rather than the other way round. I realise some people might think getting a backlink doesn’t have same appeal as getting editorial coverage – but given that SEO firms seem to be better at making money than PR agencies, perhaps one can’t be too sniffy these days.

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Reach versus engagement: the new online battleground for PR and media

For decades, PR has been seen by many marketeers as “cheap reach via editorial” – in other words, the goal of PR was to gain editorial coverage that provided the greatest number of opportunities to see – at a significantly lower cost than advertising.

Because the means of providing a verifiable link between editorial coverage and business impact was either prohibitively expensive or just not possible, there has been a largely accepted assumption that positive press coverage is valuable – period.

In the past, the notion of measuring engagement with editorial content was largely theoretical.  Circulation and readership figures were treated as proxies for engagement (if a newspaper has a readership of 2 million, then we assume that a large proportion must be in some way engaged with some or all of the content – we just aren’t sure which content and to what degree. Or whether this engagement results in a meaningful business outcome).

However, you could argue that Google data now provides for a much deeper understanding of editorial engagement. At least online.

For example, by using the Google search “site” command, you can easily see how many pages of a site the search giant has indexed (ie are likely to be found).  And with Google’s Doubleclick Ad Planner tool, you can get a fix on a specific engagement metric – namely, time spent on page. The more time someone spends reading content, the more likely they are to be engaged with – and influenced by – that content (of course, it could mean that people are having difficulty understanding the content – but if that extended to all of a site’s content, you would presume its readership figures would tail off rapidly).

In conjunction with Adam Parker, Chief Executive of RealWire, the online press release distribution service, we took it upon ourselves to analyse a selection of 50 online, newspapers and magazines, examining three core areas:  readership, engagement and UK relevance of content. Adam provides an excellent analysis of the results on his blog, Show Me Numbers.

So what kind of engagement do people have with leading online news sources? (*Full detail and slide presentation of  joint Realwire/Escherman analysis here).

For example, the average UK visitor to The Economist site spends around 122 seconds per page. While the average UK visitor to the Reuters site spends around 214 seconds per page.

So what does a difference of 92 seconds per page mean? If you accept that a typical reader can consume around 200 words of content per minute then in principle, a Reuters UK visitor is going to consume around 713 words vs 406 words for The Economist – in other words, a Reuters visitor is going to consume nearly 75pc more content than the typical Economist reader.

If you look at the average number of pages consumed per visit, there are some interesting things to be drawn out. Across the whole sample, the average number of pages consumed per visit – either globally or in the UK – is around 4.  And if the average number of visits per month per visitor to a site is around 3, then the total number of pages consumed per month by a typical visitor is around 12 pages of content. Clearly, some site’s visitors will come back more often than others. But the likelihood that the majority of news site visitors will consume more than 20 pages of content in a month is low.

However, before Avanash Kaushik beats me up, I’ll be the first to say that all averages lie – and this analysis rests upon averages. Having said that, it doesn’t mean that this is a useless exercise. If the average engagement time per page is 60 seconds, that almost certainly means that some people spend longer reading a page, while others spend less time. By definition, the number of people spending longer reading a page is going to be less than those spending a shorter time than average. Which means that the vast majority of people visiting an online news site are engaging less with the content than the average. The same applies for average views per URL. Some URLs are going to get more views than the average (clearly a big story is going to get significantly more than the average). This means that the majority of URLs are going to be viewed less than than average. Which means an 80/20 principle applies – namely, a minority of a news site’s content, is going to get the majority of the engagement.

The implications for PR are clear. Getting positive client messages into the first few hundred words of a piece is going to be nigh on essential for sites with lower average page visit times – otherwise, the likelihood is that your message just won’t be seen by many of a news site’s readers – all in spite of the effort you put in to get a journalist to write about your client in the first place. Having said that, as a general rule, specialist titles seem to have lower numbers of visitors and page views, but tend to have far higher engagement with content. And what of offline media? In spite of dwindling circulations, a case could be made for the fact that engagement time with a print newspaper may well be much longer than that of an equivalent site visit – and thus the chance to be exposed to more content is higher (then again, the average shelf life of a daily national newspaper is a few hours. At least web content is in theory available continuously – assuming of course that Google indexes it).

Looked at another way, if you are really interested in maximising engagement with a client’s message (as opposed to maximising its theoretical reach), then this kind of analysis may well help you clearly delineate where the ability to genuinely create a causal impact may lie.

Engagement or reach – what will you be advising your clients to focus on?