Make Marketing History: The Top 5 Made-Up Words Of Web 2.0.

I've just come across John Dodd's fine blog Make Marketing History, which has some extremely straightforward and sensible comments on social media and the like. Starting with:

Conversation
It's a metaphor folks. It doesn't mean that your customers want a conversation with you. They generally want a quiet life without unwanted noise from you. They want the ability to interact with you on their terms, they want you to listen and, most crucially, they now have the ability to have a conversation about you when you screw up. Your focus should be on listening and not screwing up rather than having a conversation.

Make Marketing History: The Top 5 Made-Up Words Of Web 2.0.

The subject of objectivity

Objectivity and its implications for ethics in the PR and journalism communities is an issue at the moment and has been neatly covered by Peter Brill at Net.Mentor.

Ethics seems to be one of the new battlegrounds in the media industry. While PR and journalism have always had a love hate relationship, it seems to me that things have been worsened by the advent of social media. It was easier when you were defined by which side of the publishing fence you were on, although as Peter describes there has always been that grey area in trade/business to business publications.

But now, PR professionals and journalists are meant to be all things to all men and also have to compete with all men when it comes to breaking news, spreading news and having an opinion about. It's difficult to feel sure about yourself when the basis for your existence starts dissolving. The results?

• Established media pour scorn on bloggers and social media sites for their lack of professional rigour and pandering to the lowest common denominator
• Bloggers ridicule PR people for treating them like a 'channel' and publish their names to shame them
• Bloggers condescendingly refer to the 'msm' (mainstream media)
• Traditional PR people ridicule those who are experimenting with and even developed social media tools
for drinking too much 'Kool-Aid'.
• 'New' PR people can't quite seem to work out whether they are in PR, marketing or advertising and are trying to grab as much territory as possible to make sure they don't get overrun by the departments with the big budgets.

All in all it could be pretty depressing - I for one have a foot in all these camps and I know others as well. After years of knowing what to do and how to do it, its hard to be confronted every other week with a new idea you have to take a position on. But, you know what? I think it is pretty exciting. We are on a moving escalator and no amount of whinging or complaining or disagreeing is going to stop the escalator. (Although sometimes it is difficult to see whether it's going up or down).

I'm not depressed because I try and look for the wood and not the trees. I have a sneaking sympathy for all sides. So until things change again I'll carry a newspaper because it is still the ultimate format for readability and portability, I'll keep a tag on my industries through trade mags and the growing number of web sites that complement them, I'll post on forums, receive messages on email subscription lists, follow my friends on Facebook, keep tabs on my professional life through LinkedIn, read opinions on blogs fed to my RSS reader and use Twitter and Jaiku because I might need to know about them in the future.

Despite their differences, most people in these various camps, despite what their detractors say and what they say about others, are not looking for what's best, but what works. That can only be positive.

TraceWorks makes marketing management a science

A DKK30 million investment will help the Danish company develop software to meet the growing need for marketing return on investment

Copenhagen, Denmark (May 10, 2007) –TraceWorks, a Danish company specialising in marketing management software for advertisers, is expanding globally thanks to a DKK30 million (€4 million) investment.

The funding from Nordic Venture Partners will enable the company’s can-do marketing software Headlight™ to challenge existing players such DoubleClick, TradeDoubler, 24/7 Real Media, Mediaplex, Unica and Aprimo.

Nordic Venture Partners is a venture capital firm with a portfolio of investments in the Information and Communications Technology sector. TraceWorks was ‘spotted’ for development by Morten Lund of LundKenner who is internationally respected for his ability to spot young business talents and up and coming tech companies such as Skype, Zyb, Zecco, and Maxthon.