Aug
23rd
Sat
23rd
Even Scoble couldn’t save Seagate. Almost a year after the hard-drive maker renewed a sponsorship deal with the prolific blogger, its stock is down 35 percent. Archrival Western Digital, meanwhile, is up 40 percent. So much for the profession of “influencer marketing,” a field which has exploded since the 2000 publication of Malcolm Gladwell’s The Tipping Point and the subsequent work The Influentials. These books, translated into action by marketers, have prompted companies from AT&T to Yahoo to hire executives expressly to suck up to bloggers. Seagate’s Scoble sponsorship is the purest expression of this trend. And the best illustration of why it doesn’t work. The theory it’s based on is nonsense. It is true that ideas spread virally through the population. But it turns out that there’s not a single set of influencers who are reliable Typhoid Marys. Duncan Watts, a former Columbia University researcher who now works for Yahoo, found in a study that the emergence of contagious ideas is random. Repeated experiments found that anyone can start a trend, and it’s impossible to predict who those people will be.
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Kind of knocking down a straw man, but I still like readin it.
Valleywag: Mythbusting: Why sponsoring bloggers is a waste of money
