This year, 46% of retail sales will be influenced by the web – but more than 90% of total retail transactions will occur in-store, from small neighborhood boutiques to national chains *. No matter where our users are shopping, we want to help them find your products.
OMG this is amazing. I’m now competing with Google!
Just when I was killing myself with how to market AnotherSocialEconomy, I find this beta service from Google. Do you know what that means? Yes, Google already has all the eyeballs in the universe and yes, they could blow me out of the water at will.
But what that also means is that I no longer have to worry about finding my target audience. You see AnotherSocialEconomy brings retailers’ available supply to consumers’ demand. Pretty vague, eh? Try finding a good mix of AdWords keywords for a local buying network like that. It’s nuts. More importantly, it’s hugely expensive. Most importantly, customer cost of acquisition is astronomical.
With Google out there now, all I have to do is set my Google Alerts and other social media listening tools to “Google Local Shopping” and “Google Product Search”. I could follow their Buzz in the wake of their Wave & target my pitches.
It does seem like a small amount of work to get listed; however, anything you can do to make your products more available and searchable is a good thing.
AnotherSocialEconomy’s barrier for adoption is an email account and optionally, a modern browser with an Internet connection. That’s it! No multiple Merchant Accounts. As a matter of fact, registered Retail Sales Associates could also use their Twitter account / text messaging (SMS), Jabber Instant Messaging (IM) – like Google Talk, as well as, an Androida app. Basically, anyone with a smartphone is literally in business. There’s no XML data feeds to set up. No inventories to maintain.
Just details? Maybe, but the feedback I’ve gotten so far is that small/medium businesses (SMB) are living on smaller and smaller margins. So the fewer details, the less investment in the service, the greater the return on investment. And vice versa.
AnotherSocialEconomy is not free
Consumers pay a token fee for requesting goods/services – Demand. And Retailers pay a token fee, as well, for proposing their Supply. Why? Well for starters, we hope to reduce the signal-to-noise ratio. Less noise going to the Retailers, means higher quality sales leads. Higher quality sales leads means higher quality Proposals going back to the Consumers. Higher quality Proposals, results in greater probability of closing sales.
But wait there’s more…
Ok, so AnotherSocialEconomy isn’t free. But it is another social economy. That means that it shares with its community members through its the Influencer, Reseller and Referrer programs.
Be sure to come back & visit as I ride in the wake of Google’s Local Shopping wave trying my best to compare our competing services. Please feel free to share your own experiences, opinions and comparative thoughts.
“Young people are engaging in constant communication,” she said. “Whether it’s highly literate or not is another question. But there’s all kinds of Web activity that is enhancing literacy.”
— Montreal Gazette: Literacy no longer either/or
Nice article on Literacy! Since there’s no where to add Comments, I’ll just have to post my $0.02 CDN here 🙂
In my opinion (IMO), there’s a direct correlation between the rise in literacy with the adoption of social software. From the netted-out 140 character tweets, to the 500 – 1000 word blogs, to the endless stream of live documents on wikis. But of course that’s IMO. There are other opinions out there which carry more weight than mine, such as, Seth Godin & Tom Peters on blogging, STRATEGY_Story’s_More_Powerful.
But wait, there’s more…
How about leading by example and authoring a digital article embedded with all the social media elements & then having a simple 140 character one-liner, or, single paragraph printed in various sections of the Montreal Gazette with a link to the full digital version? You could use a QR Code for the link, so the more hip SmartPhone users can simply scan it & have it open in their browsers. How about trying a page, or, small section featuring a collection of these with their respective QR Codes, so people like myself can quickly determine what’s of interest to me, scan the link & bookmark, it, or, ReadItLaterList it.
Offer to help
Does anyone (at The Montreal Gazette) want help doing an article on how social media can improve not just one’s literacy level, but one’s effectiveness as a communicator through various multimedia like those presentations on SlideShare, videos on YouTube and podcast on iTunes? Feel free to peruse my blog for more info and please, please, please check out http://edu.cyn.infor a living experiment with elementary & high school students embracing social software.
Just a thought
Anyone else have any thoughts of social media, literacy and how to spread the words?
On one of the last days before school broke for the holidays, I was left with only ten minutes of demo time. So I decided to quickly peruse the site structure which has a Space for the elementary school and sub-Spaces for the Students and another for the teachers and parents. I explained to the students that parents & teachers can view, but not write, in their Student Space, so they need to be sure that whatever they post is appropriate. Furthermore, they can’t even view what’s in the teachers’ & parents’ Spaces. However, everyone can post (read/write) in the Home and their school Space. Basically, the students are allowed to write whatever their conscience allows for.
Having explained the Big Brother philosophy and with precious little time remaining, I gave them a quick tour on how to navigate the site & then showed them Cynapse’s Status Logs. This is almost the equivalent of Twitter except:
there is no Following, so there’s no need to Follow whoever is in fashion
the messages are threaded, which allows members to Comment on a specific Status message, as well as, Reply to those comments.
Out of the 34 signed-up members, 50% (17) are parents – none of whom, aside from myself, have contributed any content yet. Of the remaining 17 students, nine (9) have contributed. So with an introduction of less than a total of 60 minutes spread over two weeks, the student-MFC numbers (over 26%) better those in the above study of 10%. And that’s over the holiday break!
What does this mean?
My guess, and hope, is that once school starts up again this week, and I start my usually Monday Lunch & Learn sessions the following week, that even more of the students will be contributing content. Once I layout the The Project Plan and dates, I’ll have the students present their own Lunch & Learns about their adopted Features. As their knowledge increases, my guess is their adoption will increase with it. As the student adoption rate increases, my guesss is that the parents and teachers will follow shortly after.
What kind of social software adoption rates have you experienced? Are they better/worse/in line with the MFC study?
Social Values 2.0
Its more about the folks in your social network than the technology that enables your social network. Its the value they can spontaneously and casually generate with a simple click of a button.
The rumors were true. There are layoffs & I’m among them. I have until 6 Feb 2009 to find a new job within IBM, or, yada yada yada. This is the first of two posts I’d like to share with you about my experience inside Big Blue. It’s all good. Here is a cleansed version of my 19 Sep 2008 internal blog. (All internal links have been removed.)
I hear the train a comin’
About mid-September 2008, I was informed my current role as Lead Business Analyst (aka Product Manager) in Rational Portfolio Manager (RPM) has been discontinued. I have until the end of October 2008 to find a new job inside Big Blue, or else, yada, yada, yada. Now the truth is, this wasn’t a big surprise to me. RPM sales to new customers was halted back in Q1 2008 and for now, there will be no further releases – just iFixes. So managing requirements & providing demos is just not something the business needs.
So on the advice of my manager Robert St-Laurent, I looked into “Blue Opportunities” (a way to temporarily join another team to gain new experiences) to see if there was anyone out there looking for this kind of help. I couldn’t find what I was looking for so, I simply created my own custom made opportunity. All I had to do was shop it around and see if I could get any takers. But where? These development practices seemed so foreign from where I was coming from. So I took a shot and sent an email to Carl Kessler, John Sweitzer & Scott Ambler asking if they knew of any teams already well experienced in outside-in agile software development & if they would be OK with me shadowing the process and more specifically the product manager/owner.
Now this was a sort of Hail Mary for me but, you never know if you don’t ask. Less than two hours later, Carl Kessler answers me & within days I’m hooked up with the Search and Discovery, ECM team from Information Management shadowing Jake Levirne & Rishi Patel. In the end, I had a better understanding of their environment and provided them with a proof-of-concept where I mapped their current tools & process into that of the Rational Team Concert (beta 3 at the time).
Trying to leverage my experience, I used my new found connections to go after a few new product manager/owner opportunities with the IM group. I thought it went well but nothing materialized & heard recently that they were not able to hire outside of IM. Get it? The group practising outside-in development couldn’t hire from outside. 🙂 Nonetheless, it was a phenomenal experience & to this day I get great mileage out of the whole story.
If you’re interested, I blogged (internally) the entire Blue Opportunity, presented a Lunch & Learn back in the RPM lab and just a few days ago, was given the opportunity to repeat (no pun intended) the Lunch & Learn at the Disciplined Agile Development Work
Look beyond what you see
Are you trying to convince your friends, or, colleauges that they need to get into Twitter, Facebook, LinkedIn, blogs, wikis, instant messaging, etc. Worse yet, have you convinced your boss that these tools of social software are not developed and promoted by the Axis of Evil for the purposes of killing our productivity?
Don’t get me wrong. Look at what I blog about. Look at my photo. Do I look like a member of the Axis Of Evil Social Software Society? Look back at my Starting My Own, Thanks to â€¦ post & you’ll see that at one time, I too didn’t see the business value of this stuff. However, since then I can honestly say, that I don’t recall ever learning so much from some many different people – absolute strangers yet, in such a short period of time. Oh yah, did I mention that it was all for free? All thanks to social software, social networking, social media and most importantly the folks that provide the intellectual property – the content. Now that’s just my experience. And it may be just yours too. But it may not be your colleagues’, or, boss’. So the big question is; “What did your organization gain?” Where’s the business value for social software?
The originator of the phrase “Enterprise 2.0”, Professor Andrew McAfee defines it as
the use of emergent social software platforms within companies, or between companies and their partners or customersâ€.
Oddly enough, he specifically states that
Wikipedia, YouTube, Flickr, MySpace, etc. These are for individuals on the Web, not companies. Some companies use sites like YouTube for viral and stealth marketing, but let’s explicitly put these activities outside our definition of Enterprise 2.0.
Whether Enterprise 2.0 brings real bang for the buck by making the daily work of organizations measurably more productive, efficient, and innovative.
Is it just me, or, don’t you find that a little bit funny? In my opinion, I think these examples of social software actually feed and drive Enterprise 2.0. I think its more about content than tools. But it’s Andrew’s phrase so I guess I’ll have to come up with my own. How about “ Social Content 2.0“?
Hint #2: What starts with someone requesting something & ends with someone else delivering it? (And it’s not pizza.)
Step 1: Find a cause
Now, if we could see beyond all those tools, beyond what is and what is not Enterprise 2.0, and simply concentrate on the content, then I think we’re well on our way to becoming that hero. So find a cause. Find something you need to deliver. Something that you can’t do on your own. Something that cries out for collaboration, sharing, communicating. Use the tools to help you achieve your goal. Sound a little too abstract?
How about a project?
Projects start with someone asking for something and end with someone else delivering it. Projects are very social. So we’ve got our cause now. Now let’s look at our tools. We already have enough examples of social software, so now let’s consider our tradtional project management software.
… “No plan survives contact with the enemy,” says Colonel Tom Kolditz, the head of the behavioral sciences division at West Point. “You may start off trying to fight your plan, but the enemy gets a vote. Unpredictable things happen – the weather changes, a key asset is destroyed, the enemy responds in a way you don’t expect. Many armies fail because they put all their emphasis into creating a plan that becomes useless ten minutes into the battle.”
Now replace some of the key words – like “enemy” for “customer”, “armies” for “software labs” and “battle” for “development”. Sounds like the Colonel and I have been on a few software development projects together. And I doubt we’d be alone in that analogy.
… project management is about people making commitments to other people to work with still other people to get something done or built for perhaps some other people. Project management is about people. If that’s not social then I don’t know what is!
Collaboration in software development isn’t a luxuryâ€”it’s a necessity that software teams have to figure out how to do better. With the right tools such as IBM’s Rational Team Concert built on the Jazz technology, any size software development team can stay in sync in real-time, regardless of location.
Step 4: Get viral
Take a look at Business Week’s Social Media Will Change Your Business By Stephen Baker and Heather Green. You don’t have to read it. Just look at the number of comments it solicited. At the time of this post, it was at 3110! Now that’s social. That’s viral! That’s Social Content 2.0. And apparently, it doesn’t even matter how accurate, or, truthfull some of those comments are. According to Rubicon Consulting & Online Communities and Their Impact on Business: Ignore at Your Peril, 10% of the community members contribute 80% of the content. These Most Frequent Contributors (MFCs) are second to word of mouth when it comes to influencing others. So while having Web 2.0 technology features in your project management tool may make it more social, it’ll never make your deliverable more viral.
1. Tight budgets will drive the adoption of low-cost Web 2.0 and cloud/SaaS solutions. This seems like an obvious prediction but how it plays out will be very interesting. This could end up actually helping the smaller Enterprise Web 2.0 players as companies look to get away from the big-ticket, enterprise-class offerings from major vendors like IBM, Oracle, and others. But in reality, once enterprises make the decision to move to platforms for wikis, enterprise mashups, cloud services, SaaS enterprise apps, and so on, they may find the one-stop shop of pre-integrated solutions from entrenched software providers more than they can resist. Make no mistake, however, IT shops and businesses alike will be looking to cut costs and I expect a lot of IT and business downsizing to happen in a surge of “Economics 2.0â€³.
Did you catch that? The “pre-integrated solutions” part? To me, that’s the sweet spot. Whoever can, not only integrate Web 2.0 technologies into their project management tools, but integrate that viral Most Frequent Contributor Social Content 2.0 into the products developed by those tools will rule.
Do you have any experience with any of the products in this space? If so, I’d love to see your comments. If not, are you a traditional project management type? Do you think this is just one of those phases & in the end folks will return to the classics?
In the spirit of openess, I’m going to reach out to some of those mentioned above. In addition, I’ll ping someone at Basecamp and Cynapse who I know do great things in collaboration software but am uncertain about the extent of their project management features.
Your opinion along with any constructive feedback is much appreciated.