roi – 'Cross The Breeze

When I wrote about AideRSS for the first time about a year ago the company was only a couple of months old. Their slogan said best what it was they tried to do (and succeeded in quite well): Read what matters. AideRSS was built as a service that would help you overcome the struggle keeping up with your RSS feeds. Ideally you would upload your OPML (or add feeds manually) and you could then based on a few metrics skim feeds to only the most popular posts. On top of that it would allow you to create a new feed of that… basically mashing up feeds to make them more readable. I loved it instantaneously (as did Marshall Kirkpatrick apparently).

Not long before that post on AideRSS I had written about the lack of innovation at Technorati and where they were missing some opportunities. Today Technorati has made itself irrelevant: there are way better blogsearch engines out there (like Google’s) and their so-called Authority metric is ridiculous. Anyway – back to the point – the opportunities I called out for Technorati are still there and when I saw AideRSS for the first time I considered they could be the ones to deliver upon these opportunities. Interestingly enough, it looks more and more like it that they will. AideRSS isn’t just that ‘read what matters’ service anymore, it has grown into an engagement tracking service, measuring storytelling ROI as they call it. And that’s a great evolution. They’ve even gone beyond keeping their ranking method as they released a new site dedicated to that ‘Postrank’ and also developed a Google Reader extension for Firefox which I’ve been using for a short while now.

Hopefully they don’t stop there. When I look at the stats for my own feed, I can only notice that not all metrics are correct: too many comments counted, not enough delicious bookmarks counted, … so some finetuning is still in place. But it remains an overall solid service. And I’m pretty sure Melanie will pick up on this as well ;)

Finally I believe they should give access to the full metrics AideRSS gathers for each blog (delicious, comments, …) and not only the Postrank itself. Imagine that you want to build your own bloglist with the top ‘x’ blogs in category ‘y’ but unlike Mack Collier or Peter Kim you don’t want to look up all this data manually to collect in XLS etc etc to make your weekly or monthly list. What if I could enter all the blogs I want to track against each other in AideRSS where they let you choose which metrics you want to track them with (only Technorati? or maybe subscribers as well?…) and have AideRSS build my list automatically based on the weight I defined for each metric? You define how often the list needs to be re-calculated. You create a widget for your and participating blogs. You create a weekly/monthly autoposting rhythm to your blog etc etc… Wouldn’t that be a compelling offer? And of course AideRSS can take the learnings for what happens in the backoffice because all of that.

Marketers have an image problem and it’s their (our) own fault. Marketers need to become more accountable for themselves and for the benefit of the business. This words come out of a presentation from Futurelab, but they’re not the only ones to realize that accountability is exactly one of the key issues marketers have to deal with.

“We can’t compete on price. We also can’t compete on quality, features or service. That leaves fraud, which I’d like you to call marketing”
– Dilbert’s boss

A couple of months ago, Gregor Harter, Eward Landry and Andrew Tipping wrote an interesting article on The New Complete Marketer, like they called it. Apart from ‘putting the consumer at the heart of marketing’ or ‘live the new agency paradigm’ (thinking also about my agency2.0 post) they focus on the ‘make marketing accountable’:

“For many enterprises, the development of accountability follows much the same path, as marketers learn to transform raw data into actionable planning. Stage one is evaluating what is being measured and how it is being measured; stage two is condensing scores of diffuse reports and metrics down to a useful few; and stage three is creating targeted analytics and a core report to gauge performance and help determine where best to focus going forward.”

Back on Futurelab Jon Miller talked about the 5 stages of marketing accountability and asks in which stage you are with your organisation. The stages are:

Denial: “Marketing is an art, not a science. It can’t be measured. The results will come, trust me!”
Anger: “You just don’t understand how marketing works. Why is marketing held to a higher standard than everyone else?”
Confusion: “I know I should measure marketing results, but I just don’t know how.”
Self-Promotion: “Hey, come look at all these charts and graphs!”
Accountability: “Revenue starts in marketing.”

ANA think it’s a trend to watch in 2008 though, they think this is the year marketers will get serious about marketing:

“In ANA’s 2007 marketing accountability study, it was startling to find that, despite enormous efforts, 42% of marketers were dissatisfied with ROI measurements and metrics. In about half of the companies, marketing and finance don’t speak with one voice or share common metrics. Enough! Recognizing the critical importance of accountability, companies will appoint a czar — the chief accountability officer — to lead a disciplined, internally consistent approach to marketing measurements, metrics and productivity.”

So the question is, where are you as a marketer? I believe it is indeed something we marketers need be a lot more serious about, for themselves and the business. What’s your take?