You own nothing in social media

Posted by Christopher S Penn on Aug 24, 2010 in Blogging, Social media, Social networks, Technology | 9 comments

I’ve been saying this for years, so let’s be crystal clear:

You don’t own a thing in social media.

Not your Facebook Fan Page.
Not your Twitter profile.
Not your LinkedIn group.

You don’t own any of it, and your existence in social media is at the whim of the companies who provide those services. You can go from digital hero to zero in two clicks of a mouse. Your Klout score can vanish faster than you can say Delete My Account.

So what can you own?

Your blog, as long as you host it and pay for the hosting and domain name. It’s yours as long as your credit card remains functional and you back up your data.

Your mailing list, as long as you back it up.

Your database.

So how do you take back ownership of your database?

If you’re not in a position to have the backing of an email service provider like Blue Sky Factory, then the free option is Google Groups. Create an announcement-only group (which is effectively a mailing list) and slap a subscribe box on your web site or blog. Then start asking everyone and anyone who is a fan of yours to subscribe to your newsletter. Facebook fan page? Put an FBML tab up. Twitter profile? Stick it in your URL and tweet it every so often.

Every week or other regular interval, download your group data. Now you’ve got your database, and as long as you continue to provide value to your audience, you’ll continue to grow it.

Obviously, if you do have an ESP, use their subscription forms instead and features like Facebook Connect. I use cows to promote mine:

Whatever you do, own your database. When today’s Facebook becomes tomorrow’s MySpace, you’ll be glad you did.

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Advanced Social Media Course is Live!

Posted by Christopher S Penn on Nov 4, 2009 in Education, New media, Social networks | 25 comments

I’m proud to announce that after several months of very hard work and significant effort on the parts of the University of San Francisco and our instructors, the Advanced Social Media certificate course is now live and available to the world!

In this eight week course, you’ll get instruction from true social media experts and marketers like Jay Berkowitz, Jim Kukral, CC Chapman, and myself, plus expert legal advice from lawyers David Bates and Gaida Zirkelbach on managing the risks and best practices of social media from a legal perspective.

What’s so different about this course versus every other social media thing on the Web?

Since I designed the course, I have a fairly good idea of what went into it and who’s teaching, and I can say we’ve got some great content and a top-notch roster of experienced people who’ve generated real world results using social media.

When I put it together a few months ago, I wanted to create a course that approached different practice areas of social media – marketing, advertising, PR, small business, agency work – and cross-cut that with social media practices. For example, the lectures fall into 7 tracks:

Track 1: Basics, review, concepts
Track 2: Marketing perspective
Track 3: Public relations perspective
Track 4: Service perspective
Track 5: Monetization/commercialization perspective
Track 6: Executive/strategic perspective
Track 7: Tool Time

Then the course runs over 8 weeks, with these 8 topics:

Week 1: Introduction to Social Media
Week 2: Listening/Monitoring
Week 3: Creation
Week 4: Communcation
Week 5: Metrics and Science
Week 6: Legal and Ethical Considerations
Week 7: Adopting Social Media
Week 8: Case Studies

Overall, I think the course delivers an exceptionally solid, well-rounded perspective of social media. The one aspect of this course that makes it so very different from other social media courses is the lab track. Each week, I ask course participants to do some outside work in “labs” that should deliver to graduates of the course a working social media presence at the end of the 8 week course:

Lab 1: Set up accounts on major social media sites, plus a personal blog and affiliate account
Lab 2: Create a listening dashboard in Google Reader
Lab 3: Create content for your site and distribute on social media platforms
Lab 4: Participate in one open forum (e.g. #journchat)
Lab 5: Analyze 5 weeks’ of your data and derive conclusions about where your traffic is coming from and why
Lab 6: Assess potential risks and practices for your own niche
Lab 7: Make at least $1 in affiliate sales from your efforts thus far.
Lab 8: Draft your own case study and publish on your blog

If students fully participate in the course and do the coursework and the labs, by the time they graduate, they’ll have a serious social media presence and the skills and experience needed to make social media work for them and the businesses or organizations they work for. There’s no other course quite like this one out there, and so I’m really thrilled that it’s live and running. On top of that, the course is offered through an accredited university and has financial aid and other goodies available with it that many other courses don’t have.

If you’d like to know more about this course, please visit this page on Edvisors.com and request your free information packet.

Full disclosure: Edvisors.com has an affiliate relationship with USF and earns a very nominal fee for referring prospective students to USF. I in turn work for Edvisors.com and a very small part of that very nominal fee ends up in my pocket as part of my salary.

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How to calculate your social media influencer value

Posted by Christopher S Penn on Sep 23, 2009 in Metrics, Money, New media, Social networks | 16 comments

“I would do this for free, but I make you pay so that you understand the value of what you are getting.” – Mike Lipkin via Mitch Joel

C.C. Chapman had a great podcast the other day about valuing yourself and your time as an influencer, particularly in social media. I wanted to build off his conversation by giving you a benchmark for how to calculate your value.

The monetary value of your social media influence starts with your current pay. After all, it’s the fairest price estimate of what the market is willing to pay for you. Here’s how to calculate that on an hourly basis. If you’re salaried, take the total sum of salary and benefits and divide by 2080. (52 weeks x 40 hours per week) This gives you your hourly rate. If you’re an independent contractor, self employed, or hourly worker, calculate the same way – use your 2008 taxes and expenses to judge the total cost of your self-provided health insurance, income, etc.

Once you know your hourly rate, whatever it is, you understand your current market value. If a company sends you a product for review on your blog and it takes you an hour to review it, its value had better exceed your hourly rate or you’re losing value. You’re giving away more value than you’re receiving, because theoretically, you could be working for your current employer at the same rate.

When a corporation approaches you about helping them with their campaign, you must know your hourly rate as a baseline to judge whether or not something is worth doing. As C.C. said in his show, sometimes you’ll work for no monetary compensation in lieu of exposure, reputation, or other non-monetary currencies. That’s fine. You don’t have to charge your friends, but you must know the value of what you are giving them, especially if they’re representing a company in their request. For example, if Scott Monty asked me to put up a blog post about an automobile, he may know me as a friend, but he’s asking on behalf of a commercial account, and whatever comes with the request had better be valued at my hourly rate or I’m losing value.

Think about what value your personal web site provides. Check out similar sites with similar PageRanks, traffic, and reputation, especially commercial sites, and determine what an ad costs to place on those sites. If a commercial entity comes to you and asks you to display a badge on your blog, know what they’d pay on other similar sites (use Google Ad Planner and Compete.com, for example) and judge whether you’re getting that value from the company in exchange for your efforts.

The reason we have so much trouble with social media ROI begins with not having any idea what our value is. Use some of the points in this post to start assessing your own value, and you’ll have the beginnings of understanding what the ROI of your social media influence is.

How much money are you leaving behind?

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The Esoteric Secrets of Pomegranate, Kisses, and Social Media

Posted by Christopher S Penn on Aug 4, 2009 in New media, Rant | 13 comments

There are two basic kinds of secrets – secrets of information and secrets of experience.

Secrets of information are data points. The ingredients in Coca Cola. The Colonel’s 11 herbs and spices. These secrets are valuable until the information becomes commonplace or available enough that competitors can use them to their advantage and your disadvantage. In classical religious studies these are exoteric secrets, or surface secrets.

Secrets of experience are something else entirely. The taste of a pomegranate. Your true love’s kiss. Getting your black belt. These secrets aren’t informational but experiential, which means that everyone can know the data points about the secret but still have no idea what it is or how it works. In classical religious studies these are esoteric secrets, or deep secrets.

Most of the really good stuff in life, most of the really powerful, life changing secrets are the latter, the experiential, the esoteric. There is no way, no matter how much you try, to describe to someone who’s never had one, with great accuracy the taste of a pomegranate such that when they put it in their mouth, the experience is not new. There is no way, no matter how graphic you get, that you can ever relate that first kiss to someone you love with any level of precision.

Esoteric experiences are just that – experiences. Master teachers – true master teachers – don’t teach you these secrets. They can’t. What they can do is create conditions favorable for you to teach yourself the secrets.

So what does this have to do with social media?

Take your pick of folks selling you social media secrets. This eBook, that blog, this book tour, that DVD, this limited opportunity, that guide. The sad news is, about 99% of it is bullshit. Complete, utter, and total bullshit perpetrated by people looking to make a fast buck on the inexperienced.

Social media is inherently about relationships between humans. Yes, there’s a decent amount of technology involved. Yes, it scales to levels that are beyond what humans can naturally maintain. Yes, a lot of those relationships are frighteningly superficial.

At the end of the day, though, because humans are at the core of social media, the power and value you get out of it, the power and value you deliver to it – all of it is rooted in experience. How to ask someone for help promoting your charity on Twitter. How to offer help to someone who sounds like they’re in sincere need in your Facebook stream. How to enjoy the serendipity of communicating the same things – life – in new ways to lots of new friends, and even a few new enemies. No book, no guide, no guru can teach you these things. You can only learn them through experience.

If you want to learn social media, to become proficient at it, to be a veteran practitioner, seek out experiences. Instead of talking about the shape, size, weight, and best vendors of pomegranate, rating whose reviews of pomegranate are best or whether a certain celebrity eats pomegranate, get off your ass and go eat one. Instead of spinning endless circles about the right or wrong way to use Twitter, Facebook, Ning, or every other social channel, go accomplish something with it. Find a charity that needs some promotional help. Join a local meetup group and practice using the tools to bring in new members.

Do. Accomplish. Kiss the girl/guy/etc., eat the pomegranate, and have the experience. At the end of the day, while others are talking about their social media expertise, which sounds stirringly reminiscent of prepubescent boys in a locker room bragging about exploits they’ve never had, you’ll have the experience, the real deal, and the satisfaction of knowing the esoteric secrets of social media.

No surprise, the photo is of a pomegranate.

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Nothing in life is free

Posted by Christopher S Penn on Jul 11, 2009 in New media, Rant | 9 comments

There is no such thing as free unless the thing in question is without value.

When you write a blog post you give away to the world on your blog, it is not free. You spent time, energy, effort, and knowledge writing it, time that could have been spent doing something else.

When you share a video of your session from a conference, it is not free. You are directly harming your ability to be hired as a speaker at future conferences because why should prospective attendees pay if they know the video will be available for free later?

When you interview someone for your podcast, it is not free. Both of you are giving up time and knowledge that might be better spent elsewhere.

The only time something is truly free is when it has no value, when the person who creates something believes it to be of no inherent value that it’s only worth throwing away. Your excrement is free. In fact, you pay people to take it away. Same for your garbage and your recycling.

Mitch Joel quotes Mike Lipkin often: “I would do this for free but I make you pay so that you understand the value of what you are getting.”

As a new media/social media creator of content – blogger, podcaster, Tweep, etc. – I want you to understand that what you make available without a financial transaction taking place is not free. You may indeed be rewarded in other non-financial benefits for what you give to others, in reputation, social currency, popularity, fame, etc., but don’t call it free unless it is of no value.

I appreciate what you create on a daily basis when I read your blog, listen to your podcast, watch your video, and I acknowledge gratefully that it is not free, that it has inherent value and worth. You spent hours of your time on what you’ve made, time you could have spent with your family or playing with other hobbies, and for that I thank you.

I will not demean your work by calling it “free” – valueless – and assuming that because you don’t charge me money for it that I am entitled to it with nothing ever given back.

Thank you for giving of yourself on your blog, on your podcast, in your Twitter stream, and beyond. I appreciate you all the more for it.

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