May 20, 2008

Facebook CEO Comments on Blocking Google Friend Connect

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Facebook blocked Google Friend Connect upon it's beta release last week.  They claim that Google developed and released Google Friend Connect, which uses the Facebook application, without asking them.  Google Friend Connect shares the personal data of Facebook members without asking the members themselves for permission.
 
Facebook Founder & Chief Executive Officer, Mark Zuckerberg, who was interviewed from Tokyo, says that Facebook's intention is to solve the differences they have with Google, who, he says, is a large player on the market and does lot of good things.

Angela

P.S. Don't forget to join our new Strategy Group on Facebook, Strategy Calls!

http://www.facebook.com/group.php?gid=54338290656

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May 17, 2008

Strategy Calls! New Group On FaceBook

Strategy Calls! - The Strategic Alliance of Online Businesses - is a new group on Facebook, http://www.facebook.com/group.php?gid=54338290656&ref=mf 

formed for the purpose of being a forum of opportunity for online businesses to network with each other, and to offer tele-seminars, courses and conferences that may be of interest to the online business owner.

In online marketing, this is known as the JV or joint venture.

As was recently pointed out in the astute online marketer, Rich Schefren's recent article on the subject,
http://www.strategicprofits.com/blog/1-plus-1-equals-3/, many marketers have treated the JV as an email campaign, but a joint venture relationship, or a strategic alliance, is what you make it to be.

Traditionally, the ability of a firm to price higher than competitors is called differentiation. A product or a service which offers something unique,or is or greater value than the competition, could then merit a sustainable higher price.

But a firm may also choose to offer a differentiated product or service at a similar price to competitors in order to increase market share and volume.

It is, of course, of no value in achieving competitive advantage unless it is of value to the user, so that the user has preference for those products or services over those of competitors. Focused differentiation through strategic alliances lead to a perceived added value to a particular product or segment, which may also warrant a price premium.

The aim with strategic alliances is to achieve higher market share, and therefore higher volume, than competitors by offering better products or services at the same price; or enhanced margins by pricing slightly higher.

It is much more difficult for a competitor to imitate a basis of differentiation linked to a mix of activities or features rather than just a product or a service, if the mix is a good one, then this is highly likely to benefit many of the businesses online.

Strategy Calls! - The Strategic Alliance of Online Businesses - encourages businesses of all kinds to join this group to

*network
*find possible partners to form strategic alliances or enhanced joint ventures with
*receive information on the subject
*listen to experts being interview from the comfort of your home or office
*receive information on upcoming networking conferences and seminars.

The Strategy Calls!  website, to be located at http://StrategyCalling.com,  is under construction and a schedule of calls is forthcoming and will be available very soon.

Strategy Calls! Please join us!

Angela Wickenberg
Founder

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April 24, 2008

Learning what makes Facebook tick

I joined Facebook a short while ago and was invited to join a group that was studying  the

psychology of Facebook!  I thought it was going to be interesting and useful and that turned out to be very true.

A representative of the BBC wrote an article, which I am sharing here.  I'll write something a little bit later

when I have time to focus on it.  Here is my Facebook profile:  You can be my friend there, if you wish:

http://profile.to/angelawickenberg/

My Twitter profile is twitter.com/EbizMom

which I update several times a day directly from my Facebook account.

Anyway, here's the article:

 

By Maggie Shiels
Technology reporter, BBC News, in San Francisco

Facebook
Students prepare to learn the secrets of Facebook

A group of students at Stanford University in the heart of Silicon Valley have turned their attention towards a unique course that blends popular culture with the more time-worn principles of psychology.

The Psychology of Facebook is the brainchild of Professor B J Fogg, a pioneering persuasion psychologist who founded the Persuasive Technology Lab at Stanford.

He says: "When Facebook came along I was one of the developers at the launch and what struck me was how there was this new form of persuasion. This mass interpersonal persuasion."

Professor Fogg says the pivotal moment came when he watched an application on the site go from "literally zero to more than a million users in a week".

He recalls that it was to do with music sharing and buying tickets and that that was when he had his "oh my gosh moment". It was quickly followed by a light bulb moment.

"Where on earth could you get a million customers in a week? That was when I said 'I want to learn more about this' and I thought the best way was to teach a class and look at how persuasion happens."

Usual coterie

It's Thursday afternoon and the sun is splitting the sky above the adobe-coloured Cordura Hall, the venue for Professor Fogg's Psychology of Facebook course. Outside there's a rag tag collection of people dodging the searing heat.

Alongside the usual coterie of students is an older crowd known simply as "visitors". These people are an assortment of entrepreneurs, angel investors, business heads and myself the only journalist.

Professor B Fogg
Facebook right now stands out from the crowd. Can they continue?
Professor B Fogg, Standford University

As we wait for the technology to click into place that allows another 700 students to tune in online, Professor Fogg declares that his goal is to help everyone to become a world class expert on the psychology of Facebook.

But this is no one trick pony according to the Professor. "What we learn here isn't just relevant to Facebook. The psychology that drives Facebook relates to other online success stories, including those blockbusters yet to be invented."

"There is something enduring about what we are studying," he declares, "whereas if you are learning how to programme a Facebook application, that then could change in 30 days from now. In fact it probably will; so that knowledge breaks."

Dissects aspect

Each week the class dissects an aspect of Facebook and looks at the way it works, the psychology behind it and what impression users are trying to convey. The gamut runs from examining status updates to news feeds and from poking to writing comments.

Today the focus is on the use of profile pictures, the photograph on the front page of every Facebook entry.

The discussion is led by Psychology Senior Richard Barton, who maintains Facebook's high strike rate in this area has to do with the default picture it puts up if you don't post your own.

"Who wants a question mark in place of their face and what questions does that raise about you? Like, why are you on Facebook? And so basically Facebook sets up an environment where your friends do the persuading to get you to post a picture."

Professor Fogg contends this is at the heart of Facebook's achievements.

"What they're tapping into are some fundamental drivers and it makes it easy to satisfy those drives. Things like the need to be socially accepted and the flip side is to not be rejected."

Class experiment

The other strand to Professor Fogg's persuasion theory has to do with motivation and outcomes, questioning why users post a certain type of picture and why they constantly change them or not.

Richard Barton, Psychology Senior
How does the Facebook 'question mark' persuade users?

To illustrate his point he conducts a class experiment asking people to write out how they want to be regarded based purely on their profile mugshot.

The findings are revealing:

"Fun, outgoing, nature loving."

"I was too lazy to rotate my picture and then I had the idea that if I left it you would think I was cool and good looking." "I'm hot."

"I want to remind my children that I was young once."

"Make people think about peace."

"Web 2.0 revolutionary and world traveller."

Professor Fogg says this random sample proves that behind even the innocent act of posting a profile picture, the psychology of persuasion in managing your image or the impression you give off is at play.

And he stresses that albeit unconsciously, Facebook's unbridled success lies in getting users to to do the work for them with friends persuading friends to post pictures, comments, or upload applications.

"I would say they were lucky and have been responsive to users but I don't think they are persuasion masterminds."

Straightforward tools

While luck might have played its part in turning Facebook into a major force in social networking, the entrepreneurs attending this course are looking for straightforward tools to help their businesses hit the jackpot.

Rob Ross has developed the Footsies application for Facebook and is working on others. For him the course is a portal into how he can make his business more relevant.

He says: "This opens a door that has not been opened before. This is going to change the game."

Student Roman David agrees: "It's beyond dollars and cents. That is part of it but its also where the opportunities are for entrepreneurs and about how the world is changing."

Professor Fogg says while his class is about trying to understand what makes Facebook tick, the people behind the site have a similar task to ensure it remains a dominant player.

"Facebook right now stands out from the crowd. Can they continue? So far with its fifty million plus users they're doing a pretty good job."

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May 23, 2008

On Standford's Facebook Project And The Power To Make Millions

Apropos Facebook for business and how to make money from your content and network on Facebook, I found this article on Early To Rise:

7 Sizzling Business "Discoveries" From Stanford's Facebook Project (and How They Can Help Any Entrepreneur Make a Million Bucks)

By Charlie Byrne

Last week, Mark Zuckerberg turned 24. 

And my guess is, he's pretty pleased with himself so far. 

A college dropout, but from Harvard. A self-starter who launched a business from his dorm room. And, oh yeah, the world's youngest self-made billionaire, according to Forbes magazine. 

Make that a "theoretical" billionaire, since nobody is really sure exactly how much his hugely popular social networking website - Facebook.com - is actually worth. It's not publicly traded (although Microsoft recently laid out $240 million for a 1.6 percent stake). It's not clear where it's headed. (Mark himself isn't sure.) To some people, it's not clear what purpose it's supposed to serve either.

But at least two things are sure.

First, people love it. Nearly 70 million visited the site last month alone. And second, it's looking like one of the greatest entrepreneurial innovations since, well, since someone launched the first business that offered sliced bread.

One area that's receiving plenty of attention is Facebook "apps" (applications). From useful tools such as stock market tickers and productivity management helpers… to complete time wasters such as "Give the Imaginary Puppy a Bone" and "Who's the Coolest Person You Know"… there's a Facebook app for just about everyone and everything.

After (if) you've chosen to add one of them to your Facebook homepage, it appears in your browser whenever you sign into Facebook. Most of these mini software programs are developed by third-party entrepreneurs and monetized (not always successfully) through a classic advertising model: Get eyeballs and sell ad space or place affiliate ads.

Facebook apps are so big right now that B.J. Fogg, a professor at Stanford University, launched a semester-long project just to develop more of them for Facebook users. 

At the end of the project, Professor Fogg and his students published a report to name the entrepreneurial "discoveries" they had made. But were they really breaking new ground… or just reinventing the wheel?

I decided to take a look. 

Combing back through the longstanding principles you've come to know and love by reading ETR and Michael Masterson's new blockbuster book, Ready, Fire, Aim, I found at least seven "power principles" with fascinating parallels to the Stanford project.

ETR Longstanding Principle #1: Introducing Products in a "Mature" Market

Consumers aren't looking for brand-new products. They are looking for clever new adaptations of products they already know and love. When it comes to new, the human brain can take only a little bit of it. Eighty percent of the old and 20 percent of the new is a good ratio. Your goal is not to develop brand-new ideas, but to notice trends that are beginning and develop products that anticipate that trend by a little - just enough to catch your customers' attention.

Stanford Students' Discovery: "It's Never Too Late to Create a Winning App." When Stanford launched its project, over 6,000 Facebook apps already existed. Just 10 weeks later, the students had six apps in the top 100. None of them were radically innovative.

ETR Longstanding Principle #2: The Power of Simplicity

You can sell your product very well by talking about its many benefits, but the most successful advertisements are those that highlight a single benefit above all the rest. When this benefit can be presented as uniquely characteristic of your product, you have an advertising proposition that can last and last and last. Consider any great marketing campaign - Burger King, Charmin, Marlboro. Examine any best-selling, non-fiction book - The 7 Habits of Highly Effective PeopleWhat Color Is Your Parachute?,  Chicken Soup for the So ul, etc. What do they all have in common? Simple themes. Ideas so simple they can be expressed - and understood - in a few short words.

Stanford Students' Discovery: "Simplicity & Clarity Are Key to Success." Too many and too clever features must be avoided. Make the app easy to understand and easy to use.

ETR Longstanding Principle #3: Ready Fire Aim

Prudent entrepreneurs do not want to risk all their time and money on a single product. For the best chance of having a successful business, they need to be flexible about what they are going to sell. If their first product idea doesn't sell well, they have to be able to generate a second one. Innovation matters. And so does speed. Combined, they give your business extraordinary growing power.

Stanford Students' Discovery: "Speed & Flexibility in Launch & Iterations." Many fast and imperfect trials beat deep thinking. Flexibility beats quality. Getting too attached to one app idea can be fatal.

ETR Longstanding Principle #4: Teamwork Accelerates Success

Don't even try to be a solo creator. You will get much better results much faster by working with a creative team. Sometimes you might get ideas while showering or exercising or sitting on an airplane. But don't act on those ideas. Write them down and bring them up when you're brainstorming with a group.

Stanford Students' Discovery: "Community Cooperation Leads to Success." Students helped each other a lot, sharing app development tools, tips, and insights.

ETR Longstanding Principle #5: Check Your Ego at the Door

How do you know your product idea is good? Because you think it is? Business is not and must never be about what the business owner thinks is good or right. Business is about providing value to the customer. And that value can be determined only by the customer. Don't let your ego convince you that you can teach the marketplace what it should and should not buy, or you and your ego will soon find yourselves in the poorhouse.

Stanford Students' Discovery: "Individual Opinions About Apps Are Worthless." Don't be swayed by one person's opinion. Just get the app out there and see what happens.

ETR Longstanding Principle #6: Don't Be a Pioneer in a Market

When it comes to answering most of the fundamental questions about selling your product, the best answer will always be this: Imitate the industry norm. If you are always trying to come up with product ideas that are completely new and different, you will likely have a very poor success record. Let others live (and die) on the "bleeding edge."

Stanford Students' Discovery: "Copying Success Is a Cheap/Fast Way to Succeed." Novelty isn't the best approach to apps. If you're desperate for a win, just copy something that's working. Flipside: If your app is doing well, expect imitators.

ETR Longstanding Principle #7: Accelerated Failure

Success isn't usually about genius. It is more often about trial and error. Money loves speed, so spend your time trying new permutations of existing successes rather than endlessly hoping to find the "next big thing." Don't be satisfied when things are "running smoothly." An entrepreneurial business should never be running smoothly. Accelerate failure. Cut your losers and run with your winners.

Stanford Students' Discovery: "Success Comes From the Chaos/Control Cycle." Successful innovation is a process.

So there you have it…

Now I didn't have access to the details of everything Stanford attempted. They probably made a ton of easily avoided mistakes. And it sounds like they had some very nice successes as well.

Over the course of their project, they generated somewhere in the neighborhood of $1 million in revenue from their Facebook apps… not to mention at least three new companies that were formed during the experiment, two others that were acquired by outside interests, and reports of lucrative job offers for all those who completed the program.

But I'm willing to bet they could have had a LOT greater success, a LOT sooner, if they'd spent some time reading Early to Rise and Ready, Fire, Aim first.

That's where you have an advantage. You see, every day you get (for free!) what took about 75 smart Stanford students months and months to learn. (And think of all that tuition you saved too!)

So congratulations to the smart and energetic Stanford students who learned these lessons the hard way - valuable business principles that most people never discover. You're getting them the easy way… but now it's up to you to go out and use them.

Of course, you've got to be careful out there. Just because lots of people are talking and writing about Facebook doesn't necessarily make it a lasting business model. There have been plenty of "next big things" on the Internet that have turned out to be quite the opposite.

But you've got the knowledge to find out quickly, without spending a fortune, if a business idea is going to work. So who knows? Use ETR's ideas to develop an "app"… and maybe YOU will be next to make a million bucks on Facebook!

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May 18, 2008

Strategic Alliances And Joint Ventures

It's an auspicious time for us all in business and especially those of us who have waken up to the enormous opportunities online.

While there are many great challenges in the economy and for business owners, many have spoken of the gold rush of opportunity that is on the Internet today. And this is so true! Never has there been so much opportunity and so many resources, literally available at our fingertips!

But for many, this has escaped them. This is because as small business owners, we tend to try to do it all ourselves. All of the successful businessmen have told us, time and again:

"Make offers more attractive for potential buyers!"

"Know your strengths and weaknesses and delegate your weaknesses, or form a joint venture!"

"Take what is working and exploit that to the fullest!"

"Take MASSIVE ACTION!"

So how are you going to do this if you have no resources, no time or no money? Strategic alliances or joint ventures are the answer to this.

Please leave comments or message me with your thoughts.

Strategy Calls.com also invites you to answer the questions below:

1) Is there a particular aspect of strategic alliances that you feel you do not grasp, or in other words, that you would like to learn about?

2) Have you tried joint venture relationships before and what are your experiences from this/them?

3) If negative, what went wrong? What was missing?

4) If positive, what was right? And has the relationship continued?

5) Is there something that particularly frightens you about strategic alliances/joint ventures?

6) Would you like help creating a joint venture or strategic alliance?

7) Please state in what area you need assistance.

8) Would you like to be a case study?

I hope to hear from you soon.

Strategy Calls!

Angela Wickenberg

P.S. Please join us!   http://www.facebook.com/group.php?gid=54338290656

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August 15, 2008

Social Networking Through Ping.fm

I joined Ping.fm back in April but never got around to using it.  Ping.fm is a simple service that makes updating all your social networks easy peasy.

What happened was that I changed my Twitter user profile name from @ebizmom to @AngelWickenberg and the Twiiter app that updated my Facebook profile, as well as the app that I could post to Twitter and Friendfeed from didn't work for me.

The problem was that I had also created a new profile called @ebizmom, just in case people didn't know how to find me, but also in case I didn't feel comfortable with my new user name, so I turned to Ping.fm to solve the problem.

With Ping, you can update from just about anywhere. Use AIM, GTalk, iGoogle, WAP, iPhone/iPod Touch, SMS or E-mail and let Ping.fm relay your message to a multitude of social networking sites.

Ping has a "trigger system" and have broken down the services into three groups; blogging, micro-blogging and status updates.

You can control how your messages are posted as well as where. If you don't include a trigger from below in your message, your message will be delivered as your default method.

Examples:

@s message - Posts a status update
@b title^body - Posts a blog
@m message - Posts a micro-blog

 

 

Ping.fm is a simple service that makes updating your social networks a snap!

 

Beta is still in session. To update your Facebook profile, an application key must be received from Ping.fm.

Try it, you'll like it!

/Angela Wickenberg

P.S. Follow me on Twitter:

New Twitter user name:

http://Twitter.com/AngelWickenberg

(old Twitter name: "Ebizmom")

P.S.S. Be-Friend me on Facebook:


http://profile.to.AngelaWickenberg/

P.S.S.S. My Friendfeed url is http://Friendfeed.com/angelaw

See you on the inside!

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May 19, 2008

Teaming Up Against Google? Yahoo Renegotiates With Microsoft

Apropos types of strategic alliances…

I just love all those free investor newletters that drop into my mail box every day.  Today was no exception. Ann Sosnowski at the Taipan Publishing Group wrote an article about how renegade invesor Carl Icahn was pushing Microsoft and Yahoo together after he starting buying up shares in Yahoo.  She wrote:

*** Also adding to investor optimism is the possibility of another deal between Yahoo Inc. (YHOO:NASDAQ) and Microsoft Corp. (MSFT:NASDAQ).

When Yahoo declined Microsoft’s $44.6 million bid, activist investor Carl Icahn began buying up shares last week.

Carl Icahn is one of the richest men in the world. And he’s the most famous of today’s corporate raiders.

Carl Icahn votes with his money as an activist investor. Money talks. If he takes a substantial holding in your company, you better be concerned.

Ever since he staged a hostile takeover of TWA in 1985, Icahn is known as a ruthless activist investor who will do everything in his power to make you agree with him about how YOUR business is run. Or he’ll wipe you out.

Although Yahoo does have plans in place to repel a hostile takeover, it decided instead to renegotiate around Icahn with Microsoft.

Now Microsoft and Yahoo are in talks again to combat Google Inc. (GOOG:NASDAQ) in the online marketplace. They’re talking alternatives to a complete buyout at this point.

It would be extremely profitable for Yahoo and Microsoft to team up against GOOG. There’s definite value in Yahoo that Microsoft should be able to unlock for investors.

Angela Wickenberg

P.S. Please join us! http://www.facebook.com/group.php?gid=54338290656

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