This is one of the best articles on the importance of blogs to business that we’ve seen. It’s a bit dated but still a “must read” for any business owner who plans on developing or maintaining a profitable business in the 21st century.
BusinessWeek – Blogs Will Change Your Business By Stephen Baker and Heather Green
If you don’t have time to read the whole thing, at least read these selected quotes:
“..you cannot afford to close your eyes to them, because…[blogs are]…simply the most explosive outbreak in the information world since the Internet itself. And they’re going to shake up just about every business — including yours. It doesn’t matter whether you’re shipping paper clips, pork bellies…blogs are a phenomenon that you cannot ignore, postpone, or delegate. Given the changes barreling down upon us, blogs are not a business elective. They’re a prerequisite.”
“There are some 9 million blogs out there, with 40,000 new ones popping up each day.”
“The overwhelming majority of the information the world spews out every day is digital — photos from camera phones, PowerPoint presentations, government filings, billions and billions of e-mails, even digital phone messages.”
“Potential customers are out there, sniffing around for deals and partners. While you may be putting it off, you can bet that your competitors are exploring ways to harvest new ideas from blogs, sprinkle ads into them, and yes, find out what you and other competitors are up to.”
“They [blogs] represent power. Look at it this way: In the age of mass media, publications like ours print the news. Sources try to get quoted, but the decision is ours. Ditto with letters to the editor. Now instead of just speaking through us, they can blog. And if they master the ins and outs of this new art — like how to get other bloggers to link to them — they reach a huge audience.
“Any chance that a blog bubble could pop? The answer is really easy: no…the dot-com era was powered by companies — complete with programmers, marketing budgets, Aeron chairs, and burn rates. The masses of bloggers, by contrast, are normal folks with computers: no budget, no business plan, no burn rate, and — that’s right — no bubble.”
“‘Blogs are what’s causing the Web to grow,’ says Jason Goldman. He’s project manager at Google’s Blogger, the world’s biggest service to set people up as bloggers.”
“While the traditional Web catalogs what we have learned, the blogs track what’s on our minds. Why does this matter? Think of the implications for businesses of getting an up-to-the-minute read on what the world is thinking.”
“In time, [RSS] aggregators could turn the Web on its head. Why? They discourage surfing as users increasingly just wait for interesting items to drop onto their page or e-mailbox. Internet advertising, which traditionally counts on page views and clicks, could be thrown for a loop. Already Yahoo is packaging ads on the feeds. Google is testing the waters.”