Traditionally advertisers’ job has been to talk about a promise of expected utility about their, or their clients’, goods and services. To do that, they’ve paid producers of content to attract readers, listeners, and viewers and get them to engage with advertising.
But now—for a whole mess of really interesting economic and social reasons, like cheap interaction and expensive attention—people think that listening is becoming more important that projecting. Advertisers, or their clients, are supposed to listen to their consumers, who in markets, networks, and communities , are collectively generating UGC, or “user generated context”—”the result of the complex, multilevel network effects that hapen when millions of consumers connect.”
Can content producers “seed” the conversational context to which advertisers are supposed to listen?
Consider a restaurant that once would have stuck slick ads in fancy magazines. Now the restaurant might pay a blogger to review the magazine and attract a lively customer-driven conversation comprising replies to the post and comments on it.
But wait! Doesn’t that represent a hopeless conflict of interest? Isn’t that just payola? Well, not if the restaurant is actually interested in listening—because they want to form their strategy around their customers’ beliefs. If they were engaging in payola, on the contrary, they would be trying to form their customers’ beliefs around their strategy. That’s projecting, or talking.
The idea is that restaurant welcomes a bitter review for the opportunity to draw out customer agreement (in which case it can learn what to change or improve) or, hopefully, provoke customer rebuke (in which case it can focus on new improvements).
Note that the money still flows from an advertiser (or its client, like a restaurant) to a producer of content. Content still flows from producers to consumers. This hasn’t changed.
But the thing that contains the “beliefs” about the brand used to flow from the advertiser to the consumer (via an ad); flowing in the opposite direction was engagement from consumer to advertiser. Now the thing that contains the beliefs about the brans flows from the consumer to the advertiser (via UGC); flowing in the opposite direction is now engagement from advertiser to consumer. This has reversed.