Posts Tagged ‘Klout’

We’re lucky to live in an age where squishy words like “influence” are acquiring mathematical meaning.  We’re very lucky that someone recognized this development early and wrote a book about it.  And we’re very, very lucky that person is Mark Schaefer, a marketer who is as comfortable with business metrics as he is the human elements that make them move.

Schaefer’s book, “Return on Influence” pierces the veil that shrouds social scoring tools like Klout, Kred and PeerIndex.  He points out that for the first time ever, marketers — whether from the business, government or NGO world — can see the people who hold the most sway online about their brands.  This evolutionary leap forward in our field is hard to understand without context, and that’s where the author’s research shines.  From the 1840s to the 1960s, Schaefer looks at how influence has played a role in marketing goods and services.  He fast forwards to today, serving up case studies of how scoring tools are being used to find brand advocates, boost impressions, improve consumer feedback, launch products, and (my favorite) advance thought leadership in the B2B world.

Schaefer explores the two opposing schools of thought on how these new metrics will impact society.

The first foresees an Eden of influence where everyone gets treated as a celebrity in their niche topic.  The second predicts a caste system where elite thought leaders keep everyone else down, especially the young who haven’t built up their reputations yet.  He takes an unflinching look at where scoring systems have work to do, such as accounting for people who enjoy larger amounts of influence offline than they do online.

When picking up the book, a question that’s sure to be top-of-mind is, “will this teach me how to raise my Klout score?” The short answer is “yes.”  Based on his extensive research and unprecedented access to the people who create social score algorythyms, Schaefer provides an in-depth guide to growing your score.

But more valuable than putting points on the board is knowing how to actually become more influential.  For that, Schaefer draws on principles developed by Dr. Robert Caldini, the author of  ”Influence: The Psychology of Persuasion.”  Caldini’s six principles of what makes people influential – consistency, social proof, authority, likability, scarcity and  reciprocity — are all explored through the social media and social scoring lenses.

Historical perspective, explanations of scoring methodologies and PhD-level psychological insights:  Schaefer has stirred these ingredients into a potent potion. Bottoms up.

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Klout scores and their ilk are already being used to evaluate potential new hires and could make their way into formal employee evaluations as the methodologies get better and more transparent.

Looking down the road, what happens when 1) a large number of employees are using social networking as a part of their job, 2) they all have publicly available scores, and 3) a large enough number of people understand and value those scores?

Might investors and analysts start using the numbers — averages, distribution curves, upward/downward trends — as a way to measure a company’s competitive advantage?

Could a company that wants to incentivize its employees to live specific brand values online — thought leadership, helpfulness, humorous — create its own “flavor” of Klout to measure its level of success?

If reputation scores become as important as important in the business world as credit scores are in the personal finance world, might changes in the methodologies result in changes in business behavior?  In the type of information people and companies share online?  Changes to Google’s algorithms have altered many a PR/marketer’s strategy, but that would seem like small potatoes compared to a Klout-ruled version of reality.

What do YOU think?

(Tip of the hat to Elizabeth Sosnow…#7 in her 2012 B2B checklist sparked this idea)

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On the heels of the launch of its +K serviceScoble did a lengthy interview last week with Klout’s CEO, Joe Fernandez. They cover a lot of territory, including:

  • Reputation riddles: How do you measure the influence of people like Warren Buffett, who clearly have clout, but not Klout?  How do you differentiate between content that’s popular, like Jersey Shore, and content that’s intellectual, like a PBS documentary?  What should you be ranked if you’re influential in one area, like cooking, but not in another, like sports?
  • Klout’s algorithms include topics, overall score, application, network, spam detection, bot detection, geography, and the influence you and everyone in your social web have
  • Every night Klout crunches 6b tweets, 4B relationship scores, and 75m overall scores

Fernandez also gives a preview of what’s ahead:

  • So far they’ve fully integrated Twitter, Facebook and LinkedIn services, and are shooting for about 20 networks by the end of the year, including FourSquare.
  • Klout is considering showing two scores for people, one for a topic where they’re influential, and another overall score.
  • 2,500 companies are using their API, including hotels and call centers that are routing calls based on Klout scores.

 

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