In the 12/15/08 edition of the Wall Street Journal there is a solid overview of The Secrets of Marketing In a Web 2.0 World. There has been a lot of chatter recently about the fact that many Web 2.0 companies including leaders like Facebook and MySpace are struggling to find their economic bearing. Part of the problem stems from the fact that marketers look at Web 2.0 as another gadget to "game" the end user. This misses the point, and will continue to result in missed opportunities.
To understand the economic power of Web 2.0, one must look at why people embrace Web 2.0 tools.
1. The primary benefit of Web 2.0 is that is creates a platform for more seamless communication or exchange of information. Professionals (at least most of them) house lots of latent "tribal knowledge" that can be of great benefit to colleagues. Web 2.0 technology can free that knowledge to the advantage of the community members.
2. In addition, with people as busy as they are these days, it's difficult to nurture relationships. Social networks allow people to stay connected, even if it just means an occasional note or knowing what someone is up to at any given time. When you are able to connect in person, you have deeper context for the gap since you last met.
Understanding the drivers to Web 2.0 adoption is critical if marketers are going to figure out if and how to engage in these communities. Marketing needs to be a part of the conversation that happens naturally within Web 2.0. If marketing feels like its "selling" or gaming the users, they will reject it and no one benefits.
At iMedExchange we always work with the understanding that our members - our physicians - are first. If what we do is in their best interest, they'll be more productive users and offer us their trust. And the sponsors and advertising we bring in, with the advisement of our physician advisors, can enhance their overall experience. When a Web 2.0 company's business model is not in line with the members' best interest, they're set up for an inevitable, fundamental struggle to maintain happy members.
Tomorrow I will post a follow-on entry with additional thoughts for marketing on the web.....