Friday, October 10, 2008

OnlineSpin: Attention Is The Currency Of Crowdsourcing


Last week Max wrote "Brand Building Relies On Careful Orchestration, While A Vocal Minority Drives Accountability."

Natalie Carter wrote in response, "I found this to be a very thought-provoking post.

It's an old adage that actions speak louder than words; but my predicament is that I have a new technology and a new brand trying to stand out in a very traditional and established industry.

It's challenging to face the naysayers (even though we do) and replace doubt with confidence. (We manufacture and sell a premium spark plug replacement that increases fuel economy and performance).

And we are struggling with how best to brand and sell on a small budget.

I really wonder, will a good, solid product backed by some targeted marketing (mostly print) be enough to carry us through?"

Friday, October 10, 2008
Attention Is The Currency Of Crowdsourcing
By Max Kalehoff

We used to live in a world where few people produced content and most people consumed it. Thanks to the Web, nearly every digitally connected person creates some sort of content, and nobody can consume it all. This has enabled a new phenomenon of content contribution that's changing the world: crowdsourcing.

According to Wikipedia -- a prime example, itself -- " crowdsourcing is a task traditionally performed by an employee or contractor, and outsourcing it to an undefined, generally large group of people, in the form of an open call." It's all about user contributions, and it's proliferated with the explosion of easy-to-use social and Web technologies.

It's now impossible to avoid crowdsourcing buzz. I heard crowdsourcing chatter nonstop during several recent Advertising Week events -- "let the customers do the work for you." I frequently hear it at work and amidst peers throughout the interactive industry. Scott Cook, co-founder of Intuit, even penned a (very good) Harvard Business Review cover story this month on how companies should leverage crowdsourcing, or "user contribution systems." An entire cottage industry of services, technologies and online communities is emerging to join this gold rush - typically regarded as untapped value, free for the taking.

To be sure, there are many reasons people participate online, such as instant rewards, need for self-expression, belonging or altruism. Most people contribute passively, for example, by doing nothing more than visiting a Web site. That passive visitation data can be mined in aggregate to elicit important insights and trends.

Conversely, it is a minority of people that actively and consciously contribute, by creating valuable content that is typically new, original and labor-intensive. We see such examples in sites like Flickr, YouTube, Wikipedia and Amazon reviews, where only a few create content for the majority. But in these high-involvement contributions, it's certainly not money or formal payment that motivates contributors. So what is it?

In a report released last month, titled "Crowdsourcing, Attention and Productivity," scientists at Hewlett-Packard's Social Computing Lab concluded that motivation to contribute stems not from self-expression or altruism, but attention.

According to the study, which factored 9,896,816 YouTube videos submitted by 579,471 contributors: "[T]he productivity exhibited in crowdsourcing exhibits a strong positive dependence on attention, measured by the number of downloads. Conversely, a lack of attention leads to a decrease in the number of videos uploaded and the consequent drop in productivity, which in many cases asymptotes to no uploads whatsoever. Moreover, uploaders compare themselves to others when having low productivity and to themselves when exceeding a threshold."

What's the lesson in this? Attention is the ultimate currency of crowdsourcing, or, really, any active user contribution. Attention is scarce, and the few active, most valuable contributors in your immediate or extended community are hardwired to seek it out. Marketers should factor this not only when creating incentives for contribution, but in driving overall engagement. Because to grant attention is to acknowledge; and acknowledgment is the basis of all relationships.

Max Kalehoff is vice president of marketing for Clickable, a search-marketing solution for small and mid-size businesses. He also writes AttentionMax.com



Online Spin for Friday, October 10, 2008:
http://blogs.mediapost.com/spin/?p=1405



You are receiving this newsletter at brian.bobo@gmail.com as part of your free membership with MediaPost. If this issue was forwarded to you and you would like to begin receiving a copy of your own, please visit our site - www.mediapost.com - and click on [subscribe] in the e-newsletter box.
For advertising opportunities see our online media kit.


If you'd rather not receive this newsletter in the future click here.
email powered by eROIWe welcome and appreciate forwarding of our newsletters in their entirety or in part with proper attribution.
(c) 2008 MediaPost Communications, 1140 Broadway, 4th Floor, New York, NY 10001



No comments:

Blog Archive