Back in 2007, Drew McLellan and I embarked on a journey of crowdsourcing discovery. Inspired by the We Are Smarter Than Me collaborative writing project, we wanted to see whether the collective intelligence of marketers across the globe could make sense of the emerging social media landscape. Three months later, the first edition of The Age of Conversation was published. It brought together over 100 writers from 22 countries and captured the mood of the time.
Three editions and six years later, working on these collaborative publishing projects has made me a firm believer in the power and insight that comes from focused communities. In fact, working on the latest edition – Age of Conversation 4 – is again reminding me of the breadth and depth of insight that comes from a diverse – yet focused – group of professionals.
The one consistent theme through all of the four editions, however, is the role of inclusiveness. From a brand perspective, we tend to think of this as a “loss of control”, but through the lens of the consumer, it’s a different story. Rather than seeing this transformation in terms of a shift of power, we should view it as a fundamental mark of mutual respect. And rather than thinking about limitation and even copyright, we should think of generosity and awareness. Effectively this shift means a transformation of what we consider the “marketing funnel” with “conversion” being less about sales and more about shifting our customer relationships away from transactions and closer to longer term engagement. This in turn requires an understanding of customer lifetime value.
The publishing industry has faced this transformation for decades and continues to struggle. The music industry is now making a much better fist of the challenge, but TV seems resolutely trapped in the quagmire of industrialised thinking. This makes the entire industry ripe for disruption. And platforms like Netflix and Hulu are well placed to deliver this kind of broad disruption. And as Oscar winner and artistic director of the Old Vic theatre in London recently said, it’s time for TV to learn from other industries. It’s time for them to learn from the crowd. After all, we are smarter than TV.