Blogging4business
Tomorrow I am on the blogging4business panel in London and talking on the topic of “what blogs are saying about your business”.
So what are blogs saying about your business? In the US, where blogging has become a widespread phenomenon, blogger Eric Mattson has just demonstrated in an anecdotal survey that top US companies are much discussed. [Hat tip to John Cass of Backbone media for the link]
The UK situation is different. Athough the last few months has witnessed a huge growth in the use of community sites like mySpace, the majority of bloggers are either hard-core early adopters, or younger people. That still leaves blogs as a smaller scale phenomenon in the UK than in the US as far as most brands are concerned. Pick a UK-focussed brand like John Menzies and the comment count on Technorati is pretty anaemic. 79 comments in the database, and most cut and pasted from online news sources like Reuters and the Scotsman.
The truth is that for most UK industries the bulk of commentary happens in message boards or in other traditional sites. This kind of commentary is technically harder to get at than blog commentary (Technorati won’t be much help) but it’s also less susceptible to infestation by keyword spammers.
Market Sentinel has a number of automotive industry customers and our automotive database is comparatively light on blogs. The majority of these sources are sites which allow customers to review cars, or simply message boards. For the automotive sector at least, blogs are a rather small part of the story thus far.
This is not to say that the automotive industry shouldn’t itself use blogs to communicate with its consumer base - of course it should. And the most enterprising of the online brands are either doing this already or have plans to do so in the near future. But as far as listening is concerned, brands need to spread their nets a little wider than the blogosphere.
[Update] My colleague at our partner Onalytica Flemming Madsen draws attention to a phenomenon which can be made use of in the blogosphere today, and that is something he calls “statistically improbable links” and which we deliver in a branded form as “Stakeholder Spotlight”. That is to say - what urls are disproportionately linked to by the stakeholders in a particular topic? We have found this to be a fascinating predictor of trends and an early indication of problems. Flemming has identified that the Vodafone stakeholders are highlighting a blogger who has a complaint about data charges. For other Market Sentinel customers we have found that this functionality throws up interesting links to companies that might be considered acquisition targets, with the stakeholder group serving almost as a focus group of what might be considered cool and interesting on the web.
April 8th, 2006 at 11:39 am
Mark,
I’m the guy who wrote the Open Letter To Vodafone
I was surprised you mention “Vodafone stakeholders” in your post mentioning the article of your partner Flemming Madsen:
I could not read or do not know about any “Vodafone stakeholders” knowing about my letter or highlighting it, neither did they contacted me. Is there something I’m missing?
April 10th, 2006 at 4:11 am
Hi Rudy - When we at Market Sentinel mention the “stakeholders” of Vodafone in this context, we are talking about the group of people who regularly comment on Vodafone, and who are viewed by their peers as having authority on the topic. Your post is a topic of conversation with them, and you are cited, sometimes without being directly linked to, even though none of the stakeholders have commented to you directly. This is a hard phenomenon to track, which is why we offer our “stakeholder” commentary monitoring commercially
All the best, Mark Rogers
April 13th, 2006 at 12:32 pm
Mark, thanks for the mention. Did you see my follow up article? http://blogsurvey.backbonemedia.com/archives/2006/03/fortune500tak_1.html
I think the US is still in early days. 4.6% of the fortune 500 are blogging, while I estimate 0.73% of all companies in the US are blogging. Hey it would be great if someone in the UK built a similar wiki to the fortune 500 wiki for the US.