Going Against the Flow
by Diane W. Collins
President, MARKETINGWEB.COM
dcollins@marketingweb.com
Archive
We have discovered a new use for genealogy software. You know...the
software for tracking your family history. Try using it to outline
all the strategic partnerships and mergers on the Net. It may be
the only way consumers will be able to discern when product is
being recommended and when it's being hyped.
Seriously, I took a lot of time this week to look at the tangled
Web that has been woven with strategic partnerships online. Alliances
in and of themselves are not bad. It's how you let those relationships
change your business philosophy that is the danger. I would refer
you to a recent article, Strategic
Partners: Friend or Foe to ascertain the characteristics a
prospective business should have before you make a decision to
form an alliance. The most important characteristic in developing
successful partnerships is Business Ethics. "Look for companies
that build their businesses on the same ethical principles upon
which you build yours," is advice that will let you sleep
at night.
Currently, the Web enjoys the confidence
of its users. Studys show that people believe what they read
and see online. The Internet has credibility...for the moment.
It won't last long with some of the tactics being used today.
Recommending product in an editorial context when you are being
paid to do so breaks trust if you have not clearly defined that
this is "sponsored content." Offering
products outside a "store" environment or in an area
not assigned to advertisement attempts to "blur" the
readers perception of your relationship to that product. Users
aren't stupid. They catch on fast. Sure you might pull it off for
awhile but the consequences are long term. Credibility is one of
the most valuable assets any company can have. Unfortunately, business
schools haven't been teaching ethics lately.
What if you've unwittingly been drawn into this? Every business
makes mistakes. When those mistakes are addressed with an upfront
apology and a change in company policy, users forgive. A company's
first move toward a downward slide is to forget who really put
them where they are today. Their users. Trust is only scoffed at
by the foolish.
There is a need to go against the flow
of current Internet trends. There is a desire for a place of
solace where users know they can get the straight shot. This
can only happen if you thoroughly check out the products you
represent. Only make recommendations for those you would personally
purchase should you have the need. Then divest of anything that
would taint you by association. Consider this contrary philosophy
an investment over time. You might not "get
rich quick", but in the end you'll own the marketplace.
At Marketingweb.com we don't just talk. We are removing any sponsored
content from our site as of this week. Even though our editorial
policy allows no interference with our content, we do not wish
to risk the confidence of our users as they become more aware of
how other sites may abuse this method of advertising. No product
that we represent will be recommended in an area that is used in
an editorial context. Our banner advertising spaces are clearly
defined on this site and advertising of any type will remain within
the context of those spaces or within our store...not in the body
of our text. Our Community is our business.
Going against the flow? It's a harder swim, but that just makes
it a better work out.
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