December 28, 2007 The Christian Science Monitor holds forth on the good and bad in the "digital race" of 2007. In their annual summing up,
FanLib is the "bad" object lesson for "Web 2.0"Digital race? WTF, dudes! It isn't a race, it's a freaking big bang spreading outwards in every direction
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Angie
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Companies need to understand what motivates audiences before creating business models around them.
Calling fanfiction writers and readers an "audience" is missing the point spectacularly. It's like calling a major league baseball player a "sports fan."
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An old friend is developing a product that will be sold online and at events. It's not fandom related, but it's similar in its narrow appeal and need for word of mouth. A marketing guru told him he needed "affinity marketing," and thought they should build a social networking site just to sell the product.
Totally bats? Yes, indeed. It would be like setting up one to promote... reproductions of tin flour canisters from the 1950s. Really a small niche, and not profitable enough to justify the labor and expense.
I told my friend social networking would happen around the product with or without him. :p
Perhaps one day corporate America will understand social networking is not something they can buy or build, but people, millions of them. Right now, though, they believe it is a magical, inexhaustible gold mine. It will be the next bubble to burst.
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I don't see that happeninng until companies (US or otherwise) realize that not everything in the world is sellable. Though admittly, they are pushing that route too.
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One, did FanLib screw up purely as a business? Yes, as the CSM article outlines, and as you describe above. All along, they've shown a total lack of respect and understanding for their audience/users/customers.
Two, was the entire concept of FanLib flawed from the get-go? I think it was. FanLib should never have existed, even if they had done everything "right."
We all know how FanLib screwed up. But the ways they messed up are inherent in the "user generated content" business model.
I got a FanLib news alert from the Wall Street Journal today. I was excitedWall Street Journal! then found it was an error; there was no mention of FanLib. But the article was still on topic, because the author believes corporations miss the point of the Internet and related new technology: that it connects us ( ... )
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Web Playgrounds of the Very Young
From a business point of view, it's a work of genius. It's the new approach that is needed, building on wildly successful advertising endeavors of the past, instead of piggybacking on user generated content. Sort of Disneyland meets the Pet Rock.
The corporations' advertising panic is explained. They aren't merely worried about cashing in on new trends. They are desperate to fill the growing void as viewers abandon network television, use tivo to block ads, and so on.
Attempts to co-opt existing stuff is failing (Second Life, for instance). Future successful advertising could very well look like Club Penguin.
*boggles*
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Angie
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It's about corporations creating their own version of Second Life-like worlds for pre-schoolers. They don't have to buy advertising because the entire thing is an advertisement, like Disney World.
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