In my PublishAsia presentation in Macau I walked through a general business case for social networking as an integrated feature of a news website.
The argument goes like this: We have an audience problem. We can fix our sales incentives, train our people, tune our pricing and our packaging, and replace leadership as necessary. But at the end of the day we're going to hit a very hard wall. That wall is available advertising inventory that meets the advertisers' needs.
That inventory comes from audience, from reach (unique users) multiplied by frequency (pageviews per user).
And while the reach numbers may look good, the frequency numbers suck.
It's even worse than the raw pageview-driven ad inventory would suggest. An effective advertising campaign requires repetition of the message until you really, really understand that Geico is so easy even a caveman can do it. There's an old ad-biz rule of thumb that a message has to be repeated seven times to be understood. If your average user visits your site twice a month, how can you possibly deliver effective ad campaigns?
We know that the tools of social networking -- connections, activities, notifications -- are powerful tools for driving frequency. But they're effective only among the minority of users who use them.
That's not enough.
There is no single solution to this problem. So we need to be looking for a broader toolkit of partial solutions, social networking being just one part of that toolkit.
What else works -- measurably?
Some obvious possibilities:
I'm looking for success stories here -- even partial success stories. But failure stories would be useful, too.
While working on a presentation today I was looking for some dates and stumbled across Wikipedia's Online Newspapers entry, which may be the worst page in the entire collection. What little information it has is riddled with inaccuracy. This probably is an illustration of the Cobbler's Children principle. Perhaps some J-prof could armtwist an undergrad into fixing it.
Fortunately we have Dave Carlson's Online Timeline, which is thorough and accurate.
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