Author Archives: Robert Thorburn

The Grand Plan(s) – Part 2

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On your marks!

By the time The Buccaneer Network launches it will already have a thriving community and the trust machine will be actively disrupting the industry. We will accomplish this in two ways. Firstly, we will take a page out of Stack Overflow’s playbook and build a solid community before the official launch. We will do so by inviting some of the most outspoken opponents of the incumbent operators to take part in our closed beta. At a very general level people automatically support that which they had a hand in creating. So by bringing in these vocal opponents, most of whom have well established blog followings, we will have the opportunity to learn from their experiences, given them some input into the development of The Buccaneer Network and allow them to invite further participants into the closed beta. In this manner, these people become invested in our success while we get to leverage their existing networks. The influence they have over development is then off course confined to The Buccaneer Network, while the trust machine itself will not be affected. For the record, Stack Overflow is currently the 53rd placed global website.

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The Grand Plan(s) – Part 1

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Introduction

The trust machine link to online identities does not break anonymity or invade user privacy as only trust related data is displayed and no personal details or identifiable traits are passed on to other users of The Buccaneer Network (or any other client system of the trust machine). The net result is that site users get a valid and current indication of each other’s trustworthiness, while each individual user still maintains full control over their own online persona.

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Dragon’s Den Pitch

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Context

It might be blindingly obvious that technology is impacting on every aspect of modern life in most countries. Less obvious thought is the manner in which the world of work is being redefined on an ongoing basis. Automation has for many decades now taken over lower skilled and repetitive tasks while simultaneously creating higher value positions for humans to fill. Over the past decade or so though, the rate of job replacement has increased significantly with machines and software being ever more capable of replacing human workers. It is no wonder then that we see an increasing number of people taking on multiple jobs especially in what is known as the gig economy. Not all digital workers take this route though, with many opting to either take on freelancing for direct clients or venturing into internet marketing. Freelancers in this instance are different from gig workers in that they gain assignments directly from their clients (usually via online communities), typically have substantial experience in the field concerned and earn higher rates per hour. Internet marketers on the other hand, are not old school marketing professionals trying to do online branding. Instead they are self-employed individuals who make some or all of their income, by selling goods and services online.

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Basic Buccaneer Branding

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Open avenues

It is all too tempting to add this one to the long list of potential initial expenses, chalk it up to something the investors can pay for and move on to the important stuff. Of course this approach is wrong on every possible level, branding is important, equity is the most expensive form of financing – less is better– , and paying upfront without collecting any pertinent data goes against the grain of the can do spirit at the heart of internet marketing. For The Buccaneer Network at the very least then, simply outsourcing branding to an agency would be a bad route to take. Instead, we propose to use a standard approach from the internet marketing community namely,  A/B split testing.

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The cost of free feedback

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Considering the alternatives:

Easy access to near limitless data is one of the key features of the information age. Unfortunately, this superficial truth belies the complexities of freely obtained data. These may include the quality of the data, the direct applicability thereof, how recent it is, who is providing it or how it was obtained. There are numerous other considerations all of which may impact on a specific data use and whether or not any one consideration is of concern will be highly dependent on the situation being addressed. So for instance, a fashion blogger might make good use of data on the shopping habits of a hand full of celebrities. If however the same dataset was presented to the chief procurement officer of an budget clothing retailer, that information would be far from sufficient for planning the next season’s line-up. Continue reading →

The incumbents

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The social network space for online marketers is dominated by two major players, Warrior forum and Blackhatworld. As the names might suggest, these communities do not present themselves as warm and caring spaces but are instead all about doing the best deals, often at any cost. This is not to say that there aren’t helpful individuals participating or that the content is universally suspect, but rather that the pervasive attitude amongst users is one of “trust no one and test everything twice before use”. As anybody with an entrepreneurial background would know, this type of environment is massively inefficient and would necessitate the introduction of checks that go beyond standard due diligence. One quick test yielded a time to implementation for an SEO technique at three times what it would have been had the information come from a different source. Continue reading →