Monthly Archive for August, 2007

A Prime Example Of Competitive Intelligence

In my many years in the field of competitive intelligence,

I often try to find practical examples to demonstrate simple activities that companies can implement to gather information that can be used strategically. One glaring example is retail price monitoring. With simple web monitoring applications, retailers can know what their competitors are doing in terms of their respective pricing strategies.

A recent survey based out of the United Kingdom states that “87% of companies use competitors’ websites in the battle for leadership. Eighty percent of the respondents handle the process in an adhoc way, by manually searching websites on just key product lines.”

Some may think that the 87% is rather high however; I disagree. With the great amount of price information portals online, more retailers should not restrict themselves in using the web as a sales tool but they should take advantage of the information that competitors are offering for free.

Top 5 sources to measure the success of your corporate blog

The question arises inevitably sooner or later: How do you measure the success of your corporate blog activity?

Now that you have a corporate blog up and running and your head of department is regularly dropping by asking “And, ? Are those reader numbers going up already?” - what are the tools that you have at your disposal to help you measure the success of your blogging, podcasting and videocasting activities that compose your “Online Media Center”?

In answer to this question, I have drafted here some of the most effective tools that will help you in measuring the success of your online media activities:

1. GOOGLE Analytics

There seems to be no way to avoid the might of search engine giant GOOGLE. Among the various diversifications, we find in the GOOGLE shopping basket, its website analytics tool certainly is a heaven-sent gift for any Internet marketer - and blog-and podcast editor! Here are some of the metrics that GOOGLE Analytics provides you with:

  • Visitors stats (Visits, Unique Visits, Pageviews, Time on site, New Visits, Page Views, Bounce Rates, Average Visitor and Browser Profiles)
  • Traffic Sources (Direct Traffic, Referring Sites, Search Engines)
  • Content stats (Page Views of Top Content)
  • Goals (Measuring business objectives after specific actions such as a purchase, a download or a registration)

The map overlay in the visitors section for example allows you to access a graphical representation of the origin of your readership:

Google Map Overlay

2. RSS Analytics tools

There is a great array of RSS feeds analytics tools that you may use to measure the success of your corporate blog activities. I invite you to type “RSS analytics” or “RSS metrics” (quotation marks included please!) into your preferred search engine to find the one you are most comfortable with. For reasons of simplicity, I will present Feedburner - one of the market leaders which does a good job for me.

Feedburner stats

Feedburner (www.feedburner.com) provides a great service that allows you to track the number of people that have subscribed to your feeds. Any blog installation comes with a feed address - usually an ‘Entries feeds’ address (your blog entries) and a ‘Comments feeds’ address (comments left to your articles). Have at look at the right menu bar of this blog, and you will see these, together with their orange RSS logos. By opening a (free) account with Feedburner, you will gain access toi nformation in regards to the readership of your blog. Feedburner also offers a variety of paid services that increase the pertinence of your tracking efforts.

3. Podcast and video download numbers

The success of your media platform can also be measured by the number of downloads you achieve per month. Although this ratio does not provide you with detailed information such as return visits, new visits and time spent viewing or listening to your podcast or videocast , the overall volume of files downloaded provides you nevertheless with some valuable information about the interest your blog is generating. Be aware though that this number does not provide you with any information in regards to how ‘high’ the quality of your podcast or videocast really is - increased download rates are affected by a variety of factors such as improved search engine ranking - especially in the initial phases of your new online media platform installation.

Top25 URL’s of Beautiful OCeans
This screenshot comes out of a “Webtrends” web statistics page of www.blogs.beautifuloceans.com - one of my clients - and shows the top 25 links and the respective access numbers to individual media files. As you can see, some mp3 (podcast) files of the Beautiful Oceans blog & podcast media center are right on top of weekly access - and growing numbers form one week to the other are an indicator of success of a particularly successful article and media file (podcast, videocast). For example, the podcast with the title, “Great White Sharks - Top Predators” has been accessed 64 times during the time interval for which the table above has been generated.

4. Links pointing to your corporate blog

If someone links back to your corporate blog there is fair chance that your work has caught the attention of someone - otherwise, why would he want to share your entry with his readership? There is a straightforward way to know not only how many websites link to your corporate blog but also who exactly that is! Go to GOOGLE and enter the following operator for your search:

link:mycorporateblog.com

The result being a list of all websites containing a link to your corporate blog. Isn’t this convenient?..:-)

5. Number of comments on your postings

The number of visitors, the number of downloads of your media files and traffic numbers are all metrics that allow you to track the success of your blogging and podcasting activities - but it does not necessarily provide you with a clear picture whether your entries are as much appreciated by your readers as you would like to believe. Numerous factors enter the ‘quality metrics’ of your blog & podcast activities, to name just a few: finding a catchy title for your blog (but don’t make the mistake to mislead your public for the sake of getting hits!), the fit between your topic and your readership, your writing style, the way you entice readers to take part in a discussion (to leave comments) and many more. Knowing some writing strategies is tentamount and you are best off to know where you are going before you start - although you will be able to adapt the way you write and to learn more blogging techniques while being on your way. The best metric in terms of the quality of your blog and podcasts are feedbacks left in the form of comments. Controversial or ‘hot’ topics are more likely to generate feedbacks just as much as well thought through and professionally written blogs.

I am sure that I left some good sources out here - so please feel free to add any source I may have forgotten.

Cheers, Stephan

Colour Codes For Wikipedia Entries

For those who are frequent visitors to Wikipedia, you should be aware that there will be a slight addition to the web 2.0 based encyclopedia.

To deal with the credibility issue of submissions, a colour coding scheme will be introduced to “estimate the trustworthiness of each page” on Wikipedia. For more information on how the scheme will work, please here.

I wonder why it took so long for someone to create a system that will help users to identify sound and reliable information versus entries that may appear questionable.

Getting Your Competitive Intelligence Unit Noticed By Senior Management

I just read a press release from Best Practices, LLC that is known for it benchmark reports regarding the practice of competitive intelligence. In the release, I found the following statement interesting:

To be effective, a CI group needs an environment that includes proximity to key customers and/or executives, opportunities for frequent interaction with stakeholders, direct management by an executive champion, functional independence and a seat at the decision table.

I think that every CI group seeks to be in the position as described above however; the cynic in me thinks that individuals will more concerned with “brown-nosing” with top management.

The only thing that will get your competitive intelligence noticed is the value added and meaningful intelligence on an ad hoc basis. Based on my years in the field, it is very important to be aware of the need information from within in order to be an effective provider of strategic intelligence.

Video Intelligence - An untapped source

Thanks to the various sharing platforms and inexpensive cameras, posting videos has become fairly easy to some individuals. Just by connecting a wire and a few clicks of a mouse, videos can appear instantly similar to text on blogs.

At times, video can capture things that you would not have imagine placed on the internet. Here is an example in the context of competitive intelligence research.

I happen to stumbled onto a site dealing with entrepreneurship and web 2.0 based projects. As I was browsing the video archives of interviews, I was able to access a clip of interview with an individual that has started yet another social networking website.

Two questions that I was shocked to see the person answer on video were:

a) How are you funding your venture?
b) What is your business model?

Seeing that the ideas behind some social networking sites are somewhat easy to duplicate, the replies to the questions are valuable to competitors, especially when it is coming from the horse’s mouth on VIDEO!!!. If competitors are informed about how the venture is being financed and how the site is planning to generate revenues, then changes to their respective strategic plans can be adapted to outperform other sites.

My point behind tell you this story is that internet intelligence research should not be limited to the general web. Contributors to the web 2.0 is making it easier to find content within seconds thanks to various tools and data in the form of text is no longer the only source for strategic significant information.

Integrating A Link In Your blog Is Like Introducing A Friend To Your Reader.

While browsing through my daily RSS feeds about blogging strategies, tips and tricks from fellow bloggers, a blog entry on ‘Lorelle on WordPress’ caught my attention this morning: “Why A Link Post Should Be Like Mingling at a Party” seemed like a catchy title to me and so I opened it.

Lesson #1: Write catchy titles if you want to be read, but not just ‘any catchy title’ - more about that in a future blog post.

Jan, a guest blogger on Lorelle’s blog eloquently writes about the necessity to consider any link you might want to include on your own blog as a new friend you are introducing to other friends (your readers). Here is - in essence, Jan’s advice to blog entries containing links:

” When you write a link post let people know what you are linking to, why you link to it and what’s in it for them. Make clear that it is relevant and why. Qualify what you link to and you will find that people appreciate that they are better able to pick what interests them. That they are not clicking away unprepared. That they enjoy exploring what you present and don’t find themselves wasting their time. The right introduction may just be the difference between a good experience and erratic clicking to find the suggested great reads. They may be great in their own right, but if they aren’t what I like or seek I probably won’t even care.”

Lesson #2: Consider links you add to your blog as ‘a new friend’ you will be introducing to your readers.

You may access Jan’s original article here - it sure makes for a good read for those inviting a lot of ‘new friends’ to their blog readers and striving for improving their writing skills… ;-)

What do you think about this? Certainly, there are ‘links’ and ‘links’ - should they all be treated the same? Do you treat a link like a ‘new friend’ or does this seem a little far fetched to you?

Profiles of Web 2.0 Participants

According to Hitwise, there is a significant gap between individuals who consult web 2.0 based site and individuals who are willing to contribute to it. Only 1% to 5% of web 2.0 users are generating content on the platform whereas 80% to 90% of users are just visiting various sites to access content.

This is kind of a surprising fact to realize since the web 2.0 was suppose to be the ultimate sharing platform. Although sites such as YouTube and Wikipedia has received tremendous attention, they have not reached their potential in terms of allowing people to make content available in various formats.

Interesting Factoid Regarding Search Engines

According to Jupiter Research, men prefer using Google, while women prefer Yahoo when it comes to search the web. Very interesting….

Foodnote

Here is gadget for those who have an interest in world history.

Footnote is a source to find millions of images of original source documents. In addition, it is collaborative platform for those who wish to share with others.

After plugging in keywords into the search box, Footnote will provide relevant images from its database. The screenshot below presents an example of the results given for the keywords, “New York Yankees”:

footnote.gif

Footnote is available at http://www.footnote.com/

Big Brother Google

Pretty scaring stuff this Google Street View is. As apart of the Google Maps, the application is originally suppose to provide a virtual tour of cities streets has come under criticism.

The application is controversial because it makes available random pictures from difference locations that may uncover the whereabouts of unsuspecting individuals. See a recent example in San Diego.

Should this be a cause for concern? When does the right to access public information trump the privacy of citizens?