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Tag: ASE10

The wisdom of the crowds

 

This post is based on the excellent session, “Crowdsource Your Success”, that was given in Affiliate Summit East 2010 though I expanded it and added my own perspective.

 
Crowdsourcing is becoming increasingly popular these days. According to Wikipedia, Crowdsourcing “is the act of outsourcing tasks, traditionally performed by an employee or contractor, to a large group of people or community (a crowd), through an open call“.

 

Using Crowdsourcing, you can submit a job description and get multiple bids each already satisfying the specifications you desire. Since you get multiple people trying to create what you want, the results are potentially diverse and can be surprisingly creative. Of course, this is usually more expensive than just using regular outsourcing sites such as oDesk or Elance – but the disadvantage of those is that no matter how good your contractor, you are ‘stuck’ with a single design.

 
Crowdsourcing works because of the ‘wisdom of the crowds’ principle: the idea that a crowd – a collection of individuals – is much more likely to get the right answer than a single individual.

 
A good example is the game show “Who wants to be a millionaire?”. Asking the audience for the answer is more likely to result in the right answer than asking your friend or Regis Philbin.

 
This principle has been adopted by computer science as well (and probably other fields). In my academic career I used to create multiple artificial neural – instead of a single one – networks that solved a problem. The right solution was determined by taking the solution that the largest number of networks ‘voted’ would work best.

 
Here are some suggestions given at the talk to get the maximum from crowdsourcing:

  1. You reap what you sow: define your project properly or you may get something very different from what you had in mind.
  2. Tight deadlines are very effective as people like discovering quickly whether they’ve won a bid.
  3. Don’t be a jerk: Designers thrive on feedback, give feedback and recognition.
  4. The project has to require your involvement: a crowdsourcing project is not ‘set and forget’.
  5. Keep it simple: be realistic in your expectations and ask for what is reasonable.
  6. Don’t be too cheap: most people aren’t going to be paid, so keep this in mind.
  7. Announce there will be multiple winners to boost designer participation (assuming that is the case!)

Until the talk in Affiliate Summit, I (naively) thought crowdsourcing is limited to graphic design/web design and 1-2 other types of applications. I was mainly familiar with 99design.

 
The following is a list of crowdsourcing resources given at the talk. I had no idea there were so many! When I’ve done a Google search I found even more though it’s hard to tell which are good. If you are familiar with anything that is not included and is a good resource, please let me know and I’ll add it.

 
Note that I’m still looking for a place to crowdsource copywriting (sadly, not my strength!) – so if you are familiar with a good site for that purpose, suggestions would be welcome.

 
Banner, landing page and graphic design
99designs: the most well known resource for Crowdsourcing.

 
Landing page optimization:
FiveSecondTest: allows you to get quick feedback on landing page designs.

  • Are your calls to action standing out? Get people clicking on hot spots
  • Can visitors understand what the site is about?
  • Give viewers a memory test: what can they remember about the landing page?

 
PPC management
Trada: Allows you to turn over PPC management to a group of AdWords qualified professionals.

 
Ad copy
BoostCTR: allows you to outsource your ad copy so that your CTR is boosted. Guaranteed improvement!

 
Videos
GeniusRocket: professional videos and animations.

 
Product development
Quirky: submit new ideas for products or influence products currently in production (and earn cash)

 
Feature Requests
UserVoice: a giant suggestion box. You get a lot of comments which are prioritized. Best ideas are voted to the top.

SuggestionBox

 
Software development
TopCoder: an excellent resource for software developers.

 
Find JV partners
Jigsaw: a massive crowsourced database of contact information

 
Content writing
Spudaroo: useful for web content as well as resumes, leases, etc.

 
Beta Testing
UserTesting: usability testing for your website.

CrowdFlower

 
Ideas/Names
Amazon Mturk: Although the Amazon Mechanical Turk is not exactly a crowdsourcing resource, by offering to pay a small amount for ideas, you can effectively crowdsource names. An example was given of a person who paid $27.50 to get name ideas for his iPhone app (the result was iReadFast). Note that there used to be a site (which I vaguely remember) that was used for this purpose but has been apparently closed.

 

 

The third and last day of Affiliate Summit East 2010 started with a great keynote speech by Jim Kukral, who also gave his recently published book: Attention! This Book Will Make You Money: How to Use Attention-Getting Online Marketing to Increase Your Revenue to the first 300 attendees.

 
Jim’s talk focused on providing guidance to businesses and individuals who are unsuccessful so that they can become successful. Here’s his five step plan:

  1. Say what you do: be specific.
  2. What you do should solve a problem or entertain: All problems in the world can fall into either category. (Someone tweeted afterwards that this is incorrect and stated that looking for information is a third category. I disagree – looking for information solves a problem: getting information you lack).
  3. Know your customer: Ask them why they use your services so you could further hone your message.
  4. Be the alternative: If you have a tough competition, find an alternative way. The example given was of the 5 hour energy drink – the alternative to coffee, which many drink for the energy boost.
  5. Make it easy: Easy as in simple, instant, quick, hassle-free. One suggestion Jim gave to businesses is to avoid the Paypal button as most ‘normal’ people simply aren’t familiar with it. Real world businesses and individuals pay with credit cards – so give them that option.

An interesting anecdote: one of Jim’s tips was that if you come up with an idea and get a reaction – even a very bad one – it means you’re on the right track. After saying that, he shared the story of a company who came up with a bizarrely disgusting line of juices. Someone in the audience blurted “Ewww” and Jim responded – see, that’s exactly what we’re looking for. This company was very successful.

 

 

The Info Product Co-Creation Formula
Later I went to the breakout sessions. This one session in particular was very good. Despite the fact these sessions were 20 minutes each, it lasted more than 30 minutes and there was so much information given it could’ve easily filled an entire hour (I add this picture simply because I liked the speaker’s official title..).

 
In this session a ‘formula’ for creating info-products was given which is said to be so effective that it can be used to sell products even before they are actually made. This was compared to a tennis match, where you, the product creator, ask questions and get feedback from your prospective buyers multiple times.

 
Although the speaker gave a precise list of steps, there was so much information I wasn’t able to type them exactly as specified. Here’s my amended version (I probably split certain steps).

  1. Start with a survey
  2. Get responses
  3. Identify core needs of the people in your list
  4. Verify this is what they want: they confirm or deny.
  5. Give them a free report based on their responses.
  6. They read the report and respond
  7. Pre-sell the full (nonexistent) product. If you do it right you can sell more before the product exists to justify your costs. Be fully transparent about this, that you haven’t created the product and want to make it if it’ll appeal to enough people.
  8. Create the full product.
  9. You already have enough buyers to return your time investment, and can get many more now.

 

 

Affiliate Platforming: How to Attract & Retain Audiences
I went to Scott Stratten’s (@UnMarketing’s) talk. I spoke to Scott during lunch just before – since both of us are very active Twitter users, we exchanged amusing anecdotes (well, mainly horror stories..).

 
Scott’s talk was excellent, not to mention, absolutely hilarious. He advocated using social media as a platform to engage people and build an audience both for individuals and for businesses. This session would’ve fit perfectly with Social Media 201, the conference I helped organize (and gave a talk) back in April.

 
Here are guidelines towards attracting an audience (this is relevant for blogging, tweeting, any relevant medium).

  1. Traction: “nothing works at first”. This is the hardest phase. You blog and/or tweet and it seems no one is listening.
  2. Momentum: starts taking care of itself. People are coming to you. The ratio change.
  3. Expansion: you built so much traction and momentum you can expand it.

 
A few more general guidelines.

  • Don’t use Twitter as a one way communication stream and expect success. Scott suggested the key to success is 75% replies.
  • To those who just use scheduled tweets – you can’t automate authenticity, people know this and react.
  • Social Media investment is much more than dollars (.. and this relates to my own blog post, Twitter: Beyond Immediate ROI)
  • Be ready for negative comments. The 1% happiest and the 1% unhappiest are the most vocal.

To demonstrate these points, he gave both good examples and bad ones, i.e. a coffee shop that criticized at length a customer for tweeting a complaint.

 
Blogger room
Since I was running back and forth between sessions and the exhibition hall, I barely spent any time in the blogger room. To be honest, I didn’t really need to, after all, we had wireless access. But I went there to spend some time with friends.

 
The blogger room was run by the amazing BlogMistress, Heather Smith. Heather told me about Missy Ward’s competition and I am very sad to say I did not win, though I was runner-up with @loxly. Next year I vow to win.

 

Missy Ward's competition


Heather Smith at the blogger room and the prize I almost won

 

To summarize: I had a fantastic time at the summit. I think the fact I spent much more time in sessions than in parties really gave me a different affiliate summit experience. Despite not going to parties, I did a good share of networking – I talked to a lot of people at the exhibition hall/meet market, during lunch breaks and in between sessions. Personally I feel this is more effective than exchanging business cards while shouting during a loud party (though I can’t argue with a friend of mine who said “people spill their secrets when they’re drunk”. True.)

 
Looking forward to the Affiliate Summit West 2011!

 
p.s. Still have two sessions I intend to summarize as independent posts.

 

 

The second day of Affiliate Summit East 2010 started with a great keynote speech by Frank Luntz, a well known political consultant (according to Wikipedia it’s actually Dr. Frank Luntz). Frank’s specialty is “testing language and finding words that help his clients sell their product or turn public opinion on an issue or a candidate”

 
Frank wrote a book called Words That Work: It’s Not What You Say, It’s What People Hear (yes, this is an affiliate link :)) and his talk was very much about the same topic. Specifically, how people say one thing, but the words they use harm, even completely sabotage their goal. He suggested using certain words that in this day and age evoke responses. Put simply, by merely rephrasing what you say you can make a world of difference! Frank showed many videos that demonstrated how people become more attentive or tune off when certain words are used.

 

 

I thought Frank’s talk was very insightful and some of the tips he gave can be immediately applied (or perhaps I should say “fiercely insightful” – he said that “very” no longer means anything because it’s been so overused, and gave ‘fiercely’ as an example used by one political candidate to replace ‘very’).

 
Using Social Media For SEO
After the keynote speech I went to this talk. I was particularly interested in this considering much of what I do is social media. The focus of this talk was on leveraging social media platforms and users to get backlinks (the building blocks of SEO).

 

Several useful tips:

  1. Build links to your site using Twitter, Facebook, etc (I share a list of the platforms he gave below).
  2. Incentivize people to tweet your link (for example, give them a special discount)
  3. When using forums, people an opportunity to tweet about the post with a link to your website.

The speaker said that there is evidence that in the near future Google will determine how important/authoritative a profile is (for example, using follower/following ratio) and assign a greater weight to links tweeted from that account. Note that as far as I know, to a very limited degree this is already happening.

 
Surprisingly, a few things which I experienced firsthand and expected to be in this talk were not mentioned. Huh. Maybe I should suggest a talk about these for Affiliate Summit West?

 
Social Media link building opportunities

  1. Youtube: one way DoFollow
  2. Google profile: one way DoFollow
  3. Yahoo answers: NoFollow links. (though these could still bring traffic).
  4. Facebook profile: one way DoFollow as long as the profile is public (this was the only thing that surprised me – need to check).
  5. Urbanspoon, Yelp, etc – most are followed

 
Afterwards I went to a talk titled “Android Affiliate Mobile Marketing” which was so good I intend to dedicate a separate post to it. This session focused on using Google Android phones for advertising/promoting CPA offers, etc. More soon.

 
Similarly, the next talk I went to “Crowdsource Your Success” is worthy of a separate post. I didn’t expect to learn anything new (isn’t Crowdsourcing only 99designs?) but was very fiercely surprised.

 

Unlike previous affiliate summits I attended, this time I had to skip all after hours activities – I was moving to a new apartment two days after ASE ended and had to pack (… and if you’re interested in hearing how that went, check out this post. Spoiler: there’s criminals, police and ransom. For real.)

 
I figured: since I’m doing less networking, I might as well focus more on the sessions. And so, I attended more sessions and have taken more notes than any other affiliate summit – and probably any other conference I’ve been to in the last several years. Perhaps because of this the summit, to me, felt completely different than any of the others (more educational?). Consequently, in this coverage of the event I’ll focus much more on sessions summaries than I did last year. I’ll also probably dedicate individual posts to some particularly interesting sessions.

 
Affiliate summit East 2010 started with the Meet Market. The Meet Market is a great place to meet vendors, networks, other affiliates and old friends. Not to mention getting some free stuff. It’s always a fantastic way to start the conference since the dynamic atmosphere gets everyone in the mood for networking.

 

 

Interestingly, two sessions I attended during the first day had a common theme – trying to look into the future of affiliate marketing and see how we can prepare for it (regardless of the sessions’ titles).

 

 
Innovate! New Exciting Applications of Affiliate Marketing
This was a pretty interesting session. It started with the history of affiliate marketing. Did you know that the first affiliate offer originated in the adult industry back in 1994? Specifically, by a company called CyberErotica? I guess this shouldn’t come as a surprise. Amazon came next in 1996.

 
The session focused on trends and the future of affiliate marketing, something which every one of us who intends to be in the business a few years from now should find valuable. Some interesting projections:

 
In 2008 the affiliate “Ubiquity era” started and is expected to last until 2013. During this time we can expect

  • Recognizable affiliate consumer brands (already happened).
  • Major brands have affiliate programs – 20,000 affiliate programs in 2010! (already happened).
  • Crowdsourcing becoming increasingly hot (happening now).
  • New ways to ‘mashup’ datafeeds with apps to create user value.
  • New automatic storefronts (i.e. PopShops).
  • New automatic ways to link affiliate offers to content. SkimLinks links keywords to affiliate offers and is geo-targeted, too. Pixazza associates products right with the image source – this means that if a user views an image, he sees relevant affiliate offers (i.e. if the image is of a person wearing sunglasses, links to the sunglasses, other items shown, even the camera type, would appear).

 
After 2013, the “Affilination Era” will begin and will be characterized by

  • Social media dominance: the activity stream will be affiliated (i.e. Foursquare links to physical products).
  • Microaffiliates: everyone can be an affiliate and get tiny commissions (the example given was that of people referring other people to Domino’s Pizza and getting commissions).
  • Micropayments become increasingly common (as a side note, I attended a talk about a year ago by a company that intends to offer ways to do micropayments which would be integrated with Twitter. A lot of potential there).
  • Microtrends: we could find hot product sales by the hour or day.
  • Pre-purchase click data: we’ll have data about the products that are viewed before they are purchased. Which are the most popular?

 
New Lead Generation Models: Social-Mobile-Viral
This session provided a good followup to the previous one by suggesting that the future of marketing won’t be characterized by selling pain (trying to sell by appealing to emotions such as fear or pain – scaring the target audience) but rather by selling pleasure.

 
Several examples were given such as Facebook games: people stay on the site because they enjoy it, and we would have better success by satisfying this need. Another example given was LibraryThing – a social network of people who like talking about books: people stay on this site because they enjoy it, and it brought significant revenue to the creators by affiliating the site with Amazon.

 
The speaker suggested that that the best way of ‘going viral’ would be to stop doing hype and treat people as people: “People aren’t eyeballs – they’re friends”.

 
An additional observation was – unsurprisingly – that the world is currently shifting from desktops to mobile phones. Since everything in mobile is smaller and people are on the move, we have to take that into consideration when marketing using this channel. Smaller banners, shorter ads, shorter emails. Basically reformat everything so that it may fit with an audience that isn’t necessarily at home next to a personal computer.