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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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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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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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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If you can attend 95% of the conference virtually and not pay, or attend 100% of the conference in person and pay, which will most people rationally choose? Which would you choose?

Right now, social media, for all its glamour and buzz, is still a relatively small space compared to the world of business as a whole. As it grows, how long will it be before conference organizers have to clamp down on usage to avoid completely devaluing their conferences?

Will social media, in other words, burn conferences to the ground? Yes – and it should.

My answer as co-founder of PodCamp and co-organizer of PodCamp Boston 4 is one we’ve been researching and looking at for years. Whether live or recorded, the talking head portion of the conference is something that is part of the old conference model.

While I love speaking publicly, I also recognize that it’s not terribly valuable in and of itself. I could convey the exact same information with a video camera and a YouTube account, and in fact I’ve done this to a degree. 60+ people saw my PAB 2009 presentation live. Over 300 have seen it virtually. Did the attendees of PAB 2009 get more out of the public speaking experience than the people at their desks? No, not really.

What we’ve been exploring with PodCamp year after year is how to take the other parts of conferences and amplify them, the parts you cannot get out of a talking head presentation. Side conversations in hallways. One to one interactions. Spontaneous group discussions. These are all things that you can’t bottle, and honestly, you can’t tweet, stream, or liveblog either. There’s simply no way for you, as a new media journalist, to be at 300 mini-sessions, or 3,000 micro-presentations, and if the conversations are valuable, you’ll be too busy participating to be archiving and broadcasting – and that’s as it should be.

What I think the conference model will evolve to, and where PodCamp is leading along with the other *Camp events, is the truly interactive community brainshare. Would I pay $500 to see Seth Godin speak? Sure. Would I pay more to sit down over beer with Seth and a few other folks at a roundtable and have him look at my marketing campaign, maybe sketch out some ideas on a napkin? Heck yeah. Multiply that times many tables over many hours and I’d walk away with a literal goldmine of useful information that’s tailored to me and my business. That’s what we want to bring more of to PodCamp – fewer talking heads and more sharing brainspaces.

When you walk away from a PodCamp, I don’t want you to say “that was a great conference!”. I want you to say, “I met and learned from some awesome people at PodCamp!” because in the end, your community is your strength. The conference is just a convenient place for the community to meet.

What do you think the future of conferences will be? Leave your thoughts in the comments.

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There’s an impressive amount of photography on Flickr. There are some amazing photos on there from amateur and professional photographers. Here’s a blogging exercise I’d like you to try this coming week. Find a beautiful photo licensed for Creative Commons use, a moving photo, a stunning, stirring photo each day this week. Tag it #wwav – Week With A View – and post it on your blog with a short description of why the photo is beautiful, then share the heck out of it so that we can all see some of the best, most beautiful photography available online.

General Guidelines & Suggestions

• Yes, absolutely they can be your own photos as long as they’re Creative Commons licensed.
• Post a photo a day from June 29, 2009 – July 4, 2009.
• Link and give full credit to the photographer!
• Ideally, they should be Creative Commons commercially licensed so that you can post them on a corporate blog, too.
• Search for keywords of things that YOU personally find beautiful. Everyone always seems to search for sunsets. What do YOU like?
• TAG YOUR BLOG POSTS! TAG YOUR TWEETS! The whole point is to see what OTHER people find beautiful.

Here’s a set of screenshots from Flickr’s Advanced Search.

Ready? Show the world.

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There is no such way to intermediate time. There is no coinage for time, no way to purchase time back that you have spent. If time were actually money, you could buy back that missed softball game or child’s first play. You can’t.

In fact, when you think about it, time isn’t money, but money is time. Money represents a store of value in classical economics terms, and value is time and energy spent on something.

Look at all of the things that function as money or precursors of money. The Pequot tribe had a certain kind of seashell called wampum. Multiple civilizations used gold and other metals as coinage. Why? Because these items were rare. Finding them, prospecting them, and refining them took time and effort.

Consider money as a store of time and energy, then. How long does it take for you to mine up a nugget of gold? Let’s say as a skilled miner that takes you two hours. How long does it take to harvest an ear of corn? For a skilled farmer, probably a few minutes at most. Thus, that nugget of gold is a time equivalent of two hours for a skilled tradesman. If you can harvest 80 ears of corn in two hours as a skilled farmer, then your corn is worth two hours of your efforts – or a nugget of gold, or whatever other store of value you choose. More important, as trades specialized over millennia of human history, it would take far longer for the miner to skill up his corn harvesting than it would for him to simply pay for the corn itself.

Time + energy + skill = value.

This is the basis of money, the raw foundation of money. Money stores value, and value is time, energy, and skill combined.

Consider what this means for social media and new media.

What things are you investing your time in, building skill, so that you’re creating value?

When someone starts to talk about monetization, exactly what value are they placing on your time, effort, and skill? More important, what value do you place on yourself?

This, by the way, is why so many folks in social media object to monetization – not because money is bad, but because any new field inevitably has two extremes: those folks willing to value themselves for a pittance (thus devaluing everyone else) or those folks who pimp and sell at obscenely high prices far above the value they create, thus undermining the entire community’s reputation and devaluing everyone else. After a field matures and the low bidders & snake oil salesmen are washed out, a balanced perspective on value is usually achieved.

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For example, in a particular martial arts kata (routine or exercise) I remember stumbling over one movement time and again, and my teacher helped me to get past that because he’d made those exact mistakes when he went through the exercise. Now, as an apprentice instructor at the Boston Martial Arts Center, I see my juniors going through that exercise… and making those same mistakes, which I then help them to get past, relying on my teacher’s advice to me.

What does any of this have to do with social media? Here’s what: unlike martial arts, where you have to rely on slightly fuzzy (or very fuzzy, depending on how many times you’ve been hit in the head) memories of what someone has gone through, in social media you have a gigantic written record in our blog histories. Justin Levy made this point at SMJ Boston, and it can’t be underscored enough.

Want to know how folks like Chris Brogan or CC Chapman got to where they are today? Want to achieve things similar to what they’ve done? Look back in their blog histories. Look what they did to get things rolling – like Chris Brogan’s Grasshopper New Media (does anyone remember that?) or CC’s Random Foo productions. Look back at the original PodCamp from 3 years ago (seems longer than that, doesn’t it?) and see how that got started.

(Food for thought: if you live on Twitter, this historical record is much, much harder to come by. Keep your blog alive too.)

The end goal of a sensei in the martial arts is for a student to surpass their teacher so that they can explore, learn, and grow together as colleagues rather than in a rigid hierarchy of student and teacher forever. Once you get to a certain level of expertise, each begins to learn new insights and share them with the other so that both can flourish. Each has something to teach the other and to learn from the other.

As you develop your social media skills, as you look back at the written record of where we’ve all been and where things are going, remember to catalog your own insights so that when your juniors are coming up through the social media ranks, you can share with them all you’ve learned as well.

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Bring the player, not the class.

In Warcraft, there are different classes of players – mages, paladins, shamans, etc. Each of the classes has different traits suited to different kinds of players and playing styles. One of the most common sources of arguments, debate, and complaints is X class is better than Y class, to no one’s surprise.

Blizzard Entertainment, the company behind World of Warcraft, has said that it designs the game to be as balanced as possible, so that no one class is better or worse. The expression they use is bring the player, not the class, especially with regard to difficult challenges in the game.

Their belief is that a skilled player will make the most of the classes that suit their personal style of play best, and that a class in the hands of one player may be outstanding, while a different class may be a disaster. I know from personal experience that playing a frost mage suits my temperament and style best, and being a Death Knight tank, not so much.

Bring the player, not the class is the advice Blizzard gives to its guilds and groups in the game – find the best players you can, and class will sort itself out. Bring the best players you can, and you’ll defeat the enemies you’re to face.

So what does this have to do with social media?

Bring the producer, not the medium.

Which is better, Twitter or Friendfeed? Which is better, video or audio, blogging or podcasting, YouTube or Qik…

You get where I’m going. Your content will dictate which forms of social media you participate in (some content is better in one format than another), but what will govern your success is YOU, the producer. How skilled you are and what you’re most comfortable with will do more to contribute to your success than any given platform by itself.

Just as a Warcraft player’s spec (Blood vs. Unholy vs. Frost vs….) doesn’t make that player any better or worse, neither should your choice of medium make you any better or worse a media producer. Find the forms of media that best suit your style, content, and what you want to communicate. Try as many as you practically can to see what’s available, but recognize that some will feel better to you. Do those. Even if they’re currently unfashionable (podcasting was so 2005? Tell that to the listeners of the Financial Aid Podcast or Marketing Over Coffee) if they fit you best, you’ll create and produce media best in them.

More important, invest time in making yourself a better producer! Forget about being a social media expert. They’re a dime a dozen, if that (hey, it’s the Great Recession, everything’s on sale). Be an expert in a subject or field and use the best form of media available to communicate it, old or new, social or broadcast.

One of the best pieces of advice ever given to me was from my Edvisors CEO, Joe Cronin, who years ago said, don’t be a podcasting expert, be a financial aid expert who has a podcast. In terms of doing the most good and helping the most people, that advice has paid off handsomely. I know plenty of social media experts, gurus, wizards, whatever, and none of them have helped a family put their kid through college.

Bring the player, not the class is sage advice to guilds and raids in World of Warcraft.

Bring the producer, not the medium is the pathway to long-term success in media, social or otherwise.

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How many people know their physical neighbors well?

You should.

If you don’t, make friends, and soon. Why? Simple.

The economy is spawning more crime. The numbers estimated by the University of Arizona suggest that a 1% increase in unemployment correlates to a 1% increase in crime rates. Crimes begin casually, with opportunity crimes, and worsen from there if unchecked.

Kicking it up a notch

A basic neighborhood watch is effective, but now add in the capabilities of social media, of new media to the mix. If you have several social media aware folks in your neighborhood (or you can train them easily), when you meet with your police department’s crime prevention officer (CPO, the officer assigned to instruct Neighborhood Watch programs), introduce him or her to Twitter. Get your neighbors who are Twitter-savvy to create a hashtag for your neighborhood like #54&Pine or #7Gables and have members report mildly suspicious activity there (“scruffy kid, about 5’6″ with black backpack walking around block 5th time this hour”). Show your CPO how to use Twitter Search so that real-time updates can be casually viewed at the station.

Got a camera on your data-enabled mobile phone? You have an awesome crime deterrence tool. Use services like TwitPic to take instant shots of suspicious activity and upload them immediately to your neighborhood watch Twitterstream.

Own a digital camera with a decent lens and low light ability? Take photos and load them up to sites like Flickr so that your neighbors and CPO can inspect in detail things that you find suspicious.

Know someone talented at using Google Docs and Google Maps? Help your local police department geographically map crimes in your area and look for trends using freely available Google tools.

What other new media/social media tools can you think of to empower ordinary citizens to help local law enforcement prevent crime?

Note: in no way do I advocate unnecessarily putting yourself in harm’s way or taking the law into your own hands. As with all community-based initiatives, the idea is to work WITH your local police, not compete with them.

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Get rich quick! Quit your day job! Money while you sleep! All claims made of social media and virtually every other new technology, idea, or movement since mankind first created money itself. Can you make money in social media? Should you make it an aim?

To answer this question, we have to dig into the history and concept of money itself.

What is money?

Ask any child and most adults, and no one will have a coherent answer to this question. People know money by what it can do, but not what it is. The classical definition of money is a medium of exchange, a measure of account, and store of value. For the purposes of this discussion, we’re going to focus on a medium of exchange and a store of value.

A Medium of Exchange

Before money, we had barter. Let’s say I raised chickens and you raised cows. If I wanted some beef and you wanted some chicken, we’d get together and trade. We’d negotiate how many chickens equaled a cow, and vice versa. If all went well, I went home with some beef for my family and you went home with some chicken.

But… what if you didn’t want chicken? You had beef, and I wanted beef, but you didn’t want chicken? Suddenly, I have a problem. We couldn’t trade. No amount of chicken I had would be helpful to me if you didn’t want chicken. I’d have to find someone who wanted chicken and see what they had to trade. Maybe they had seashells, and you wanted seashells, so I’d have to trade chicken for seashells first, then find you and trade seashells for beef.

This got really inefficient around Greek and Roman times, which is when currency got invented. Suddenly, we have a neutral intermediary. I think chicken is worth 5 copper coins, and you think cow is worth 250 copper coins. Now, if I have chicken and you have beef, but you still don’t want chicken, that’s fine. I’ll find someone who wants chicken and trade with them for copper coins. Then I’ll come back to you and buy as much cow as I can with the same copper coins.

This is one of the core roles of money – instead of having to barter everything, you can trade in a generally accepted medium of exchange.

A Store of Value

Here’s another problem with barter. Let’s say instead of chicken, I have wheat. You have cows. During harvest season, we can trade. I’ll trade you a few bales of wheat in exchange for a cow. Everyone’s happy.

What about in the winter, though? I have no wheat. All my wheat either got milled into flour, sold, consumed, or… spoiled. Wheat is transitory. Wheat spoils, rots, molds, etc. if you don’t use it within a certain period of time. In fact, most consumables eventually spoil.

Here’s where money comes in again. I go to the market and trade my wheat to someone who wants it. I get copper coins. Unlike wheat, these don’t spoil, decay, or rot. (yes, they do oxidize, but that’s a different conversation) If I sell enough wheat, I amass a large pile of coins and throughout the non-harvest season, I have copper coins to buy things with.

This is money’s role as a store of value. It takes the fruits of my labors – wheat – and stores it in a form that’s less subject to spoilage. Also, it’s a lot easier to carry around a pile of coins than a bale of wheat.

What does any of this have to do with new media and social media?

If you are a social media practitioner interested in earning money for your skills, you have to deeply understand money first.

First, money is a medium of exchange for other goods and services. Money doesn’t solve the value equation – that is, what you do must have value to someone. Money only makes trading value easier. If what you do is of no value to anyone, then like the farmer facing no demand for chicken, no matter how skilled you are, no one will trade with you. As a social media practitioner, your work has to have value.

The most successful social media practitioners recognize that social media in and of itself is of relatively little value. It’s a communications channel. What is of value is what you deliver to your audience. I deliver, for example, financial aid information on my Financial Aid Podcast. The fact that it’s a podcast has no inherent value; what has value is the quality of the information.

If you’re considering offering up your services to someone else as a social media practitioner, make sure that they have something of value to offer their customers, or both you and your client will fail to generate any business. Your own track record must demonstrate that you understand underlying value and how to present it in a social media context.

If you’re considering engaging the services of a social media practitioner inside your company, look to see how adept they are at understanding value. Forget how many friends they have or how often they blog – look to see if they can communicate their own value and the value of their clients’ goods and services to others. Examine their other work and see if it conveys well the value of the client’s goods and services. Most important, recognize that a truly skilled social media practitioner will decline to do business with you if your offering has no value.

Second, money as a store of value is vitally important to social media practitioners. Like all industries, social media, new media, online media, etc. all have trends. There’s a new shiny object every day, and that presents new opportunities for you to demonstrate your skills and earn some money in doing so. You have to not only capitalize on trends, but sock those earnings away. You have to be able to store the value of a trend so that when it cools – and it always does – you have a strong base of capital to operate with.

Equally important is your ability to recognize value and trends ahead of time so that as a platform matures – as blogging has – you’re ahead of the curve and in new spaces. This is the often referenced blue ocean strategy, where there’s virtually no competition in any vertical in a new area. Blue ocean was podcasting in 2005, blogging in 1997, Twitter in 2006, Facebook in 2004 and so forth. As a social media practitioner looking to earn a living at your craft, you need to be able to spot new blue oceans and move in long before others do, while recognizing that it will be some time before that space is highly desired by a large population.

For companies looking at social media, recognize that the store of value means you need operating capital and strong revenue streams today from your social media efforts, but you need to be investing for the future as well. Your internal financial health will dictate how you prioritize investing for the future vs. banking on what’s hot today.

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Here’s what I wonder. His campaign amassed millions of emails and addresses. Just his campaign for announcing Senator Biden as his Vice President brought in millions of SMS numbers. His campaign brought out millions of supporters to canvas for him, to put him in office.

I hope and wonder if he can continue to use those assets, that massive database. To keep the mailing list active as President of the United States, to text us when he needs to engage us. To drop a line on Twitter in addition to a White House Press Secretary. To podcast the radio address and blog from the Oval Office.

Most important, I wonder what an America would look like if the Obama campaign’s supporters become the Obama presidency’s volunteer corps, millions of Americans being directed and taking guidance from the White House as they were from campaign headquarters, cleaning up rivers instead of canvassing for votes, feeding the hungry at soup lines instead of voting lines.

I’m more than willing to continue hearing from President Obama on Twitter, on my phone, and in my inbox. I’m more than willing to join up and volunteer, too.

Perhaps this is the start, as Gradon Tripp put it, of a Digital New Deal. Count me in.

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I of course couldn’t let the pirates win out over at Chris Brogan’s blog, so without further ado, a followup commentary on the beauty of pirate ships: one shot.

The ninja clans of old were fundamentally a mix of esoteric practitioners of mind sciences mixed with samurai who were on the losing sides of battles and didn’t feel like killing themselves for their overlord’s strategic screw-ups. Many were just young kids – Daisuke Nishina, the founder of the Togakure Ryu lineage, started out life as a ninja at the ripe old age of 16, having been enlisted in an army that lost to a neighboring overlord.

As such, ninja battle strategies focused a lot on influence, stopping problems before they became problems (because you didn’t have the resources to wage all-out war), stealth, espionage, influence and persuasion from afar, using force multipliers, and above all else, an emphasis on the practical. Much of this is still transmitted in the essence of the ninja martial arts taught today by students of Hatsumi sensei’s Bujinkan method, especially those who are students of Stephen K. Hayes.

One of the timeless lessons learned very early on is this:

You will probably only get one shot.

Whatever your strategy is, whatever your goal or game plan is, the world is changing too fast. It’s a moving target. You can’t waver or hesitate, because in the time it takes you to make a decision and stick to it, you’ll get run over by your competition in business, and you’ll lose your life in battle.

Think about it for a second. If you’re facing someone else, both of you have three foot razor blades, and both of you want to go home. In all likelihood, one of you probably won’t. If you’re especially unlucky, neither will. You have just one shot, because in sword fighting, there’s not a whole lot of parrying or dueling. A sword fight between skilled swordsmen lasts a fraction of a second.

So commit. Pick one of the strategies that Chris mentioned, or one of the many other plans or strategies you’ve got out there, set out your battle plan, and then do it. Don’t walk into your office or your boss’ office in a week with completely different plans or whatever the fad of the day is, because that’s the equivalent of trying to change up as your opponent’s blade is headed for your neck. Waver, hesitate, question yourself, fail to commit, and your opponent wins, in swordfighting and in business.

Trivia: did you know there actually were ninja pirates? It’s true.

Shameless plug. If you’re in the Boston area, and want to try your hand at learning actual ninjutsu, visit:

The Boston Martial Arts Center
The Winchendon Martial Arts Center

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This creates a void and sets our society adrift. There is, however, a new source of leadership, of wisdom, of inspiration.

How many of you have blogs?

Podcasts?

MySpace & Facebook accounts and groups?

Twitter accounts?

How many of you have at least 10 listeners/followers/fans?

100?

1,000?

If you have reach that exceeds 10 people, then you can step up to lead. If you have reach that exceeds 100 people, then you may be asked to lead. If you have thousands who follow you and call you a leader whether or not you feel like one, then you must, here and now, accept that mantle of leadership. You must don the cape and boots even if you feel as though they were made for someone else.

You have been called.

Here is what your followers need of you. They need not only to be pushed away, but to be pulled towards.

It’s not enough to say what to avoid; you have to provide your followers with something to do. A mission. A calling. A focus that will let them in their passion and intensity drown out the voices of panic around them so that they can generate momentum with you. Pick your cause, pick your battle, and engage your followers.

Direct them towards a mission, towards a goal, towards something that provides tangible benefit so that they can get the ball rolling in their homes, neighborhoods, and communities. Give your followers missions and tasks towards the goal you are united for, and you will help them to realign themselves away from chaos and panic towards growth, progress, and even prosperity. Ask them to give and give double what they do. Lead through example.

Despair thrives in confusion and inaction.
Despair withers under the heat and light of passion.
Despair dies in the face of confident leadership.

You have the following. You have the crowd. Your community and the people who respect you need you now more than ever.

Step up.

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Apple’s stock immediately dropped 5%.

Apple PR responded to mainstream media inquiries denying the rumor, that Jobs was perfectly fine. (hat tip to the Unofficial Apple Weblog for breaking it on Twitter first)

If you were going to short a stock, spreading a false rumor about the CEO’s health would be a great way to cause a panic, long enough to make some serious money. The brilliance of this tactic is that the rumor was done using CNN’s brand. Early “viral” messages said the report came from CNN, not CNN iReport. CNN, in other words, had their brand and credibility hijacked.

What would you do if you were Apple? What should you do?

Apple: get on Twitter. Get in the blogosphere and the new media world. You need to have a point person in the fast moving channels of citizen news to immediately knock down crap like this.

Then have your legal department file a complaint with the SEC and ask for a formal investigation.

Apple shareholders: if you lost money on Apple due to the rumor, is CNN responsible? Is CNN liable? Are they a media outlet or a content distributor. If they fall under common carrier, then who is liable besides the original rumor spreader – and are the shorts, if there were any, profiting with no liability?

Inquiring minds want to know.

Bottom line: if your company is not participating in new media, especially in news channels, you’re going to get run over. Get going.

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In a variation of a Financial Aid Podcast blog post this morning, here’s a brief economics 101 explanation of how you can monetize your blog, podcast, Twitter lifestream, or other social media outlet.

Economics 101

Supply and demand are inversely related. When demand exceeds supply, you have to pay others to take your stuff. When supply exceeds demand, other people pay you for your stuff. Value comes from demand. Here’s a simple monetization chart:

If your social media outlet is in high demand, you can get paid for it. If your social media outlet is not in high demand, you have to pay others to take your stuff. If supply and demand are in equilibrium, you’re at totally free.

This is why advertising is the main method of monetization for most social media. Your social media outlet in and of itself has very little value, sorry to say. What has value is your audience. They’re the commodity that you have to sell, and you do sell them, whether or not you want to believe you do. You can sell the actual audience in the form of renting or selling an email list, or more likely, you sell access to your audience in the form of endorsement, sponsorship, or ads. Your audience is the value to the advertiser, and in turn, your content is the value for your audience.

See the entry on the chart where it says your blog, podcast, and twitter stream? See how it’s actually in the you pay others section? It’s true. Statistically, you pay others for your content. You may say that you’re blogging for free or giving away your content, but the reality is that you’re paying others, in hosting fees, bandwidth, in domain name purchases, in your time and energy to create and market your content.

You’re paying others.

Social Media Metrics That Matter

How do you know when you’ve become a true social media success?

When everyone pays you.

Advertisers pay for access to your audience. Your audience pays for access to your content – perhaps in cash, perhaps in inbound links, perhaps in word of mouth marketing on your behalf. Major media outlets pay in time and energy to cover what you’re talking about.

Most important of all, checks arrive in the mail or by direct deposit that are sufficiently large enough for you to meet your expenses and then some. At the end of the day, whether or not you can afford to eat and put a roof over your head is the only metric that matters.

How To Monetize

How do you get there? Back to the chart.

You’re fighting an uphill battle if you think you can reduce overall supply, so you have to be a specialist, an expert in something that is in short supply. Ideally, it should be something in short supply but high demand – like insider stock tips, or financial aid information.

As I’ve said in the past, I’m not a podcaster. I’m a financial aid expert who has a podcast.

So let’s assume you’ve got basic supply solved – you’ve found a niche, a place where there’s market demand for your supply. Then it’s up to you to market your content. Marketing, as I’ve said in the past, is about sharing ideas, which is a kind and gentle way of saying marketing is creating demand for your ideas.

Marketing is the creating of demand for your supply.

The more you effectively market, the more demand there will be for your content. That in turn will drive audience growth, which you can monetize directly (audience pays) or indirectly (advertisers pay), or both.

As my friend Whitney Hoffman says, you can’t outrun Adam Smith and the laws of economics. If you’re currently being paid for social media, enjoy that you are, and realize that if your monetization model doesn’t conform to the basic laws of supply and demand, your model is not sustainable and sooner or later, the money will stop.

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Something is killing off brands in America.

Perkins.
Uno’s.
Marie Calendar’s.
Fresh Mex.
Bennigan’s.
Steak and Ale.

Who killed these brands?

Private equity. Over the past decade, private equity funds have bought up popular brands and essentially stripped them of assets by issuing debt, borrowing heavily against them, then keeping the proceeds.

Imagine dating someone, maxing out all their credit cards, keeping the cash or goods, and then dumping them.

That’s the corporate equivalent of what’s happening to a lot of brands that we know and love in America. As the bills for the debt come due, the brands and their associated companies go under.

The lesson for new media folks and social media folks is this – be VERY careful who you work with, who you allow to leverage your personal and media brand. As the economy trends ever downward, the need for our community to police itself grows ever greater. Rough times bring out rough characters. Just as there are large corporate raiders who strip companies and leave the husks of their brands on the side of the road to rot, there are equally predatory companies and individuals in every space. Do your due diligence, know what you’re getting into, read and understand EVERYTHING before you sign, and watch your back and the backs of your friends.

Watch your back.

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