Monday musings: social network economics, free and legal news pics, the future of marketing, etc.

Decided to take the day off to decompress from a couple of stressful weeks (while campus is quiet for spring break). And also, to try to get some writing done, because it seems I get more writing done at home than at the office. But guess what? Not a bit of writing yet. Too busy trying to keep the RSS feeds pruned, and straightening up the blogroll. (Thanks, debunkd., for the motivation.) Now, if I could just get motivated to finish off my story for the summer issue of Missouri S&T Magazine.

Anyway, on to the musings. And these may have to keep you for a while, as I’m going afk from Wednesday afternoon until the weekend. So, if you don’t hear from me until next week, that’s why.

  • Social networks: a business model? Not so much. Lots of bloggers are talking about this Economist article about the business value of social networks. (Hat tip to Buzz Canuck, who breaks down the main points of the Economist article — namely, that the social network is a bad business model.) Conversation Agent also offers commentary, and a clip from Jerry Maguire.

    The Economist argues that “it is entirely conceivable that social networking, like web-mail, will never make oodles of money,” but says social networking’s true value because may lie in “its enormous utility.”

    Social networking has made explicit the connections between people, so that a thriving ecosystem of small programs can exploit this “social graph” to enable friends to interact via games, greetings, video clips and so on.

    If only the myriad networks would tear down their “walled gardens” and open up to the rest of the interconnected world.

    The problem with today’s social networks is that they are often closed to the outside web. … [T]hey are reluctant to become equally open towards their users, because the networks’ lofty valuations depend on maximising their page views—so they maintain a tight grip on their users’ information, to ensure that they keep coming back. As a result, avid internet users often maintain separate accounts on several social networks, instant-messaging services, photo-sharing and blogging sites, and usually cannot even send simple messages from one to the other. They must invite the same friends to each service separately. It is a drag.

    Surely some enterprising entrepreneur will find a solution. SocialThing, perhaps?

  • Free and legal news photos for bloggers. GigaOM reports that San Francisco-based PicApp is making copyright news photos available free of charge to bloggers.

    The photos are displayed in a flash media file and can be embedded on any web page, just like YouTube. PicApp makes money off contextual advertising it embeds in the photos, and in turn shares it with the photo agencies. The new service is a sign of how tough things are in the stock photography business, where new and low cost competitors are emerging thick and fast, and challenging the old dogs like Getty Images.

  • The United States of Google. BuzzMachine’s Jeff Jarvis examines how an open-source mindset, a philosophy of transparency, and a better understanding of empowerment and interconnectedness could improve government. For example:

    Government officials and agencies should blog. This ethic of openness should go beyond official documents and files. Openness should be part of the work habit of government officials and conversation with constituents should be an ethic of government. The open blog is merely a tool and a symbol for this — and a more efficient tool, I’ll add, than individual letters and phone calls.

  • The future of marketing and advertising — a good (and funny) slide presentation by Paul Isakson, via the Marketing and Strategy Innovation Blog.
  • Simplicity. Via Eliacin Rosario-Cruz via Twitter.
  • Moving toward two-way marketing. This piece in The Buzz Bin talks about how listening, customer feedback, etc., have become more important in traditional marketing.
  • State of the news media: gloomy. Still. PRWeek summarizes the Project for Excellence in Journalism‘s 2008 report on the news business.
  • Be like the Internet (Slideshare). Slides from a SXSW presentation by Lane Becker and Thor Muller of Get Satisfaction, all about business success in the Internet age. Via Communication Nation.
  • Three Internet careers that soon won’t exist. Interesting thought piece from Steve Rubel.
  • Of course, now it’s only 29 years and 50 weeks before the Internet ends. Because I’m two weeks late in posting this.

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Now playing: Michael Franti & Spearhead (Yell Fire!) – I Know I’m Not Alone
via FoxyTunes

Validated by Seth Godin

sethgodinhead.gifIt’s always encouraging to find out that people I admire share some of my tastes in music, books, movies, etc. Especially when they’re famous people whose names I can drop in this blog.

So I was especially happy to read a recent blog post by Seth Godin, in which he quotes a passage from Rock On, a book I’ve mentioned here (scroll to item 2) and on Twitter.

The book, by Dan Kennedy (who also contributes to McSweeneys), chronicles Kennedy’s time working in marketing for a major record label at a time when the record business is struggling to maintain its power position in an era of peer-to-peer file sharing. It’s about how Kennedy was finally going to realize his childhood dream of being a part of the big rock’n’roll machine, how he was going to be in the heart of it all, and the ultimate disillusion of the dream that occurs after an Iggy Pop concert. But I’ve probably told you too much. You should purchase this book and read it, not only for entertainment, but for the cautionary tales it offers all of us in marketing, management and leadership.

rockon-cover.jpgI agree with Seth’s view (may I call you Seth, Seth?) that Rock On is a very funny book. It isn’t laugh-out-loud Chuck Klosterman funny, but it’s funny enough, tinged with the kind of hipster irony and aloofness that anyone who’s ever droned their days away in a cubicle wondering what it all means can appreciate. But beyond the humor, Seth and I both appreciate the cautionary tale the book brings to marketers. Go read Seth’s entry about it and you’ll see what I mean. But then come back here and leave me a comment so I’ll feel even more validated about my blogging existence.

While I’m here, I should also say that I’ve been a pretty big Seth Godin fan since Purple Cow came out. In fact, we used the concept of the purple cow with our student design teams, and that helped to build our name recognition among engineering-oriented universities. (Of course, that was before we changed our name from UMR to Missouri S&T. Now we’ve got to do some different things. But our design teams are still our purple cow.) The dude is prolific, insightful, knows how to market, and even when he stumbles (with a book or idea that doesn’t quite wow us like Purple Cow did, knows how to get back up, get out in front of us again and stay there.

I hope Seth feels validated now, too.

P.S. – No Friday Five this week. Unless I decide to do one later. But it’s St. Pat’s Week here on campus, and we’re busy blogging about it and having all sorts of mischievous Irish-inspired fun. Play the Dropkick Murphys link below for some Irish-inspired punk.

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Now playing: Dropkick Murphys – Your Spirit’s Alive
via FoxyTunes