How Swix Stole My Startup Idea … and Did It Very Well !

20/01/2010

I am about to deliver a big project to a client and I am playing with different ideas on what to do next.

Had (yet another) idea couple weeks ago and sent an email to my friend Duncan Moore to validate. Here’s the mail :

As more and more brands, agencies, producer and individuals disseminate content on 3rd party sites (Youtube,Vimeo, Scribd, Slideshare, Digg, Reddit, Facebook, etc.), it gets more complex to track all that content and measure the buzz (comments, links, bookmarks, RT, diggs, etc.) it generates.
Per piece tracking gets rapidly overwhelming and Google Analytics is of little use, as the often-accompanying link back to the website is only a minor indicator of the effectiveness of the content. Traditional ORM solution might help for the buzz around it, but won’t tell you much about views and other data and will most likely received multiple hits for the whole conversation/campaign (the delicious link, the multiple retweets, the 5 diggs, the blog post, etc.) without really helping with analyzing that particular campaign.
It might be as simple as entering all the youtube video your brand has and monitoring the number of views they generate, number of favs, comments, number of link back and so on.
From a development point of view, it could start as being fairly simple as it’s mostly about aggregating data and displaying it in a comprehensive dashboard view.
To me the biggest challenge would most probably to design a dashboard intuitive enough to be used and understood by agencies and not geeks with all that possible data.
I kid you not, less than 10 days later and one email to a possible developer, I received an email from Swix, an Ottawa startup I had been following for some time, thinking they would be releasing yet another Online Reputation Management software.
Well, they stole my idea. And they did it well. The execution of the dashboard and the “pods” concept is really nice. To make matter worse, they code a lot of it in Django, my new framework of choice.

Oh yeah, we could do the same, but honestly, at that point it would be close to copying and the fun is out. And when you know that one of the guy behind it launch the highly successful Shopify platform, you know you’re just as well going for another shot at it.
Good job guys and all the best to you !
PS : About the Disney Dashboard, are they a client already ?
NDLR:  I hope it’s obvious I am joking when I say they stole something … at least from me ;-)
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Are we expecting too much from Social Media Monitoring tools ?

15/09/2009

I’d be hard pressed to guess if social media monitoring tools have finally crossed the chasm but they’ve clearly been riding a solid buzz for the last 18 months. Looking at the client list of Radian6, Sysomos or ScoutLabs  you soon realize that many major brands have jumped on the bandwagon to be able to monitor the buzz and sentiment that their brand, products and competitors generate.

Some voices are questioning the real value and possible ROI of these platforms, sometimes in opposition with free solutions. And it totally make sense when monthly fees easily range in the 500-1000$/month for the main solutions with a decent set-up.

One of these, entititled “The problems with Social Media Monitoring technologies“, seems to have decent web findability as it was sent to me a couple times by friends and clients in the past weeks. I’ll take a moment to go over these particular points one by one.

1. The technology is fairly stupid. It either don’t do what it says on the tin or do it quite badly. It is supposed to be simple: based on keyword configuration, the software scrolls the social web and collect mentions of your keyword(s). It then supposes to analyse themes and influence ranking and sentiment etc, which it does with limited accuracy . For example, will pick up any header, ad sense or footer mentions of your keywords even if it’s in the totally irrelevant context. If your brand name is pretty generic you are in deep sh*t. Hours of configuration and exclusions awaiting you.

You have the same problem when you search with Google. Building up good search queries takes time, analysis, trial & error and a good understanding of the brand, product and industry . Nobody said social media monitoring would be easy or obvious. The web is getting noisier everyday and good queries are more valuable than ever.

Unreliable data. The most important thing to understand is that the software simply provides you with piles of data. Before you can extract anything meaningful from this data you have to go through hours and hours of spam filtering which can be very tedious if you are dealing with 1000s of mentions every week/month. In some occasions I had over 50% irrelevant data coming through my dashboard. Additionally, the spiders cannot access all social spaces and sometimes the most important conversations are blocked.

There’s a clear need to be able to classified results by social engagement, source, language, sentiment and geo-demographics.  There’s spam in Google results as well obviously and you need good tools and techniques to cut through the noise.

Sentiment analysis is flawed. Again, this is part of the limitation of the technology. The software analyses keywords, not human emotions and, on average, the software gets it wrong 30% of the data because human emotions are subtle and complex and not easily categorised by software – we are not there yet.

I agree. And one of the reason is that we are usually measuring the message instead of the effect. Sentiment analysis should be mainly used as an extra filter. 60-70% reliability is better than nothing and probablu much higher for tweets.

Good monitoring tools allows for user to overwrite the results of sentiment analysis. Results needs to be reviewed, but it’s still much faster than evaluating everything manually.

Region specific data: for global brands, social media have very strong global element as well as clear regional bent (forums, blogs, networks etc). This is tricky especially if you are working with a regional client (e.g Huggies UK). Problem is for the software it’s not about where you are but which domain are you using. So reliable geo / regional analysis is, in many cases imposible to carry or not complete so need to be complemented with manual search.

True, Twitter localization is only based on what the user enters as location in but will soon be changed by the new API opt-in feature.
The ability to drill down the query with localization-related keyword helps obviously.

Influence analysis is flawed. Well, the concept of influenced is flawed so of course technologies of measuring it are flawed as well. Similar to sentiment, the technology is just not as clever as they want you to believe. It is based either on bogus metrics or just irrelevant, obsolete ranks .

Agrred, most implementation are. That’s why I always ask before evaluating or using. Sysomos has their own Postrank-style ranking. Social Mention (free) as added PostRank to their results.

If I were to design a full platform, I’d be using Postrank to rank results.

Time consuming. Because all of the above, the reality is that while thess companies provide you with piles of data and funky visualisations the profound unreliability of the software means you have to sit for hours and days and configure the dashboard, refine the data, correct the scores, filter the spam, get rid of irrelevant data AND THEN, AND ONLY THEN you can start making some meaningful analysis.

It does take quite a lot of time to set-up and it’s not easy. After a lengthy initial process, the work involved somewhat decrease but  you will still have to filter out some spam.

The analysis will always take time. That’s why many brands work with analysts to help them make sense of it.

Price. This varies significantly but the fact is that you pay just for the data and license fees to use the software. For the level of service you don’t get value for your money.

I’d expect to have access to an API to integrate with client workflow and platforms or to customize views and results, the ability to query on past period and modify queries at any time.

Conclusion

Social Media Monitoring platforms are not be-all end-all solutions, more of a building block of brand’s modern tool set for effective market research, marketing and customer support. They require investment both in time and money and more often than not, some support from people who have done it before and are comfortable using these particular tools.

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GoogleReader + SocialMention + PostRank = ORM for free ;-)

12/06/2009

I had been postponing to write this for a couple weeks, but a link shared on PostRank Twitter account left me no choice but to hurry up.

Social Media Monitoring is now an essential part of any brand, corp or product marketing plan. Between tools like Radian6, BuzzMetrics, TechRigy, one can also use free tools like Google Alerts to monitor mentions of keywords or brand name in the news. It’s way too late to get any decent readership with a “How to Monitor Your Brand With Google Alerts” but add a SocialMention.com feed to the mix and you just spiced up an old recipe, allowing monitoring of social media platforms. And everybody likes good free online reputation monitoring tools.

Btw, SocialMention is a great social media search engine developed by Jon Cianciullo in Ottawa.

Social Mention monitors 80+ social media properties directly including: Twitter, Facebook, FriendFeed, YouTube, Digg, Google etc.

SocialMention also uses Backtype API to monitor blog comments.

So that’s what this guy did and he created a video tutorial to show how to do it. Super simple.

So what I am adding to this ?

Well, one problem with this method (and with most monitoring services) is that you can rapidly get an avalanche of alerts and you will most likely spend a good amount of time flying through the list to see what could be relevant. On top of that, that does not tell you the reach or range of influence of these results. You’ll have to look it up yourself to see if these links where bookmared on delicious, shared on twitter, if they have comments and so on. Lengthy process.

The magic trick ? PostRank by AideRSS.

PostRank is a scoring system developed by AideRSS to rank any kind of online content, such as RSS feed items, blog posts, articles, or news stories. PostRank is based on social engagement, which refers to how interesting or relevant people have found an item or category to be. Examples of engagement include writing a blog post in response to someone else, bookmarking an article, leaving a comment on a blog, or clicking a link to read a news item.

Available as a GreaseMonkey Script or a FireFox extension, it will basically gives a 0 to 10 ranking score to any item in your Google Reader List and allows you to filter out result based on their PostRank score. Look at your Google Alerts + postrankSocialMention feed in list mode and instantly know which one are worth looking at, based on the social engagement they generated.

That’s it, a cheap and manageable Online Reputation Management tool. Not perfect, but worth trying.

If you need more info about integrating PostRank with Google Reader, look at this.

EDIT:

Both (mine and Intelligendo) explanation kinda skimp over what you should be monitoring.

Marty Weintraub create a great tutorial on how to do this and how to choose search terms for monitoring

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