Last week, I was fortunate enough to get a walk-through of the Sponsored Tweets offering that is in beta with Twitter. It has obvious value for brands and is a sure money-maker for Twitter who is already making smart moves in monetizing their corner of the social web.
Dick Costolo explained the system’s impressive method for determining and managing relevancy of a sponsored tweet in matching it to viewers. Adding relevancy factors to Twitter will not only make it much more attractive for me as a brand but also more intuitive and meaningful as a user. This also opens up the possibility of Twitter embedding features for curating into their service.
I am a big believer in the concept of curating (which I’ll explain in more detail in a later post) as being a key part of the future of online influence because a curator can fill a role across the social web that will be needed as social graphs become more relevant/widespread and the overall sources of content continue to grow, fragment and specialize.
To play Karnak for a moment, as everyone’s streams of news and social content grow to become torrential rivers, managing them will become exceedingly difficult. Additionally, as bloggers and their readers develop longer term relationships it will become less important to keep up with their blogs and twitter feeds on a day to day basis to stay connected. That is where curators come in. They will act as the much needed funnels between the river and the reader.
This is not really revolutionary thinking here. Guy Kawasaki’s AllTop is already doing this in a certain way by aggregating top news and blogs around specific sources into customizable pages. My guy Len Kendall does this with great effect as well using his Twitter feed as one of the best sources of trends, info, random facts and fun oddities.
Which leads to the idea I’m calling the “Magic Middle.” Think of the social news cycle in three parts. Twitter is what is happening now. It is so instantaneous in nature that six to twelve hour-old tweets are about as useful as day-old bubbles. On the other end you have Google. The Internet’s elephant that never forgets. Between instant and permanent lies that Magic Middle. Part of the reason I consider it magic is that it is very rapid, but is built with the expectation of time for influencers, curators and other thoughtful folks to review, analyze and build upon the ideas in that river.
In this Magic Middle, you will be able to both combine and divide sources of information from your social graph. For example, several bloggers that I follow for social media and tech info are also fans of craft beer. How cool would it be to have a curated stream setup of “craft beer reviews and info from tech folks”? This would draw in relevant blog posts, digg’ed articles, tweets, Facebook likes, posterous comments and online reviews from across the web into a single stream. Many people feeding many sources funneled and refined into one manageable stream. That stream would also have buttons to rewind, fast forward and play.
Who will own this space? Only time will tell. Alltop certainly has a foothold there already. Digg also has track record and scalable audience that help dominate. In the meantime, I can’t wait to play in this middle ground.
Right on Rick! Part Yahoo Pipes and part semantic web, within the context of reader preferences.
Rick,
Really, really interesting thoughts and perspective. Welcome to the SocialCMOs.
Jeremy
PS. I am doing a bit of the curation in the area of B2B marketing with http://www.b2bbloggers.com.
I like the idea. I was thinking along these lines the other day. With social media we are creating our personal media channel, where we choose what we want to watch.
So with curation other people with similar interests would be able to create the content channel based on specific interests.
Michael
http://www.fearlessindustry.com
Hi Rick!
Great post! The future of the space is still up for grabs. There amount of content produced across sources continues to increase and so the methods and process of curating that information will continue to evolve.
At http://www.hivefire.com, we’re trying to make it easy for CMOs and VP of Marketing to take control of the power of curation to educate and influence market perspective on the critical niches/topics of every brand and every product.
Drop by sometime. It would be our pleasure to host a demo and share some insights into the companies that are winning with our particular approach to curation.
Best,
Taariq
Interesting thoughts! There’s definitely too much information out there; even great info gets buried. But how much information can we really assimilate? Will curators be only exacerbating the information explosion? Or worse, just regurgitating the information already out there?
http://twitter.com/KseniaCoffman
Thanks for the feedback everyone.
Ksenia: my obvious hope is that true “curators” will be serious stewards of content much in the way that responsible journalists and smart/dedicated bloggers have been.
Hi Rick,
Great article — timely and insightful. On the leading edge of a big new development in how brands manage flows of content and engagement.
Over the past 6 months we’ve had to build custom tools for marketing, advertising and social media clients to profitably manage the flood of digital content.
Those custom tools resulted in product we’re calling the Digital Curation Platform. The key process we’ve discovered for clients is triage — helping people efficiently see what’s new, what’s important and how they act on it for maximum benefit.
Actions might be replying, saving, dismissing or creating a new task with the item. Then reports are available to make sense of that activity.
Want to see it in action? Our demo of the product is a live version built for a global brand that sponsored the recent World Cup.
Ask me questions, get in touch and I’ll be glad to tell you more.
~James