Web 2.0 Metrics? Aren’t we still trying to figure out Web 0.1 metrics?


Jeremy often asks the questions people will be asking next year. Here, Zawodny notes the difficulties as Web 2.0 brings a lot more than pageviews to the browser table and cites this article about how pageviews are problematic as a measure of online success.

There are challenges galore as we move to Web 2.0 analysis. The YouTube deal alone showcases how irrelevant a ‘page view’ may become to full analysis. There, advertisers will probably want a small clip inserted before the video as well as pay per click or aquistion modes of advertising – at least until all advertisers start demanding cost per sale terms.

I think commercial metrics will (must) trend towards firmly establishing costs per sale and/or customer aquisition. At the point where that gets good the advertiser really does not need more detail. Much of the current advertising mis-analysis industry is based on analysis of things that only indirectly lead to sales.

In many cases I’ve been floored by how mathematically unsound so called “objective” conversion studies can be. In Travel and economic development this relates to the fact that those sponsoring the studies typically benefit from high ROI numbers so a cottage industry of “impact inflation” studies and firms has developed that serves the vested interests rather than the taxpayers.

Non commercially focused website metrics are even more complex than commercial, since many bloggers would probably rather be read by a handful of movers and shakers who provide thoughtful commentary than by legions of regular Joes.

A blog read by all G8 world leaders would be about 1000x more influential in terms of changing history than one read by American Idol fans, but would probably have limited commercial value. How do you measure that? Perhaps Yahoo or Google need a “BigWhig Rank” that pulls in personal data and assigns importance to the … person?

Hmmm – they already have been nabbing your search streams so maybe next they’ll take your … soul! I think that is OK with me as long as it’s …. measurable!

Google and Youtube


Deals with Youtube and Google are flourishing today in the fertile ground of a 1.6 billion dollar aquistion of the online video leader* by the online money and search leader. The announcement is expected this afternoon or evening that Google’s bought Youtube for 1.6 billion. If Yahoo picks up Facebook (rumored but I think unlikely) it’ll signal an interesting consolidation of key Web 2.0 sites by the more established huge players. This consolidation seems to support the idea that the big guys see it as cheaper to wait until the rich and creamy high traffic sites rise to the top and then buy them up (Microsoft made an early and successful habit of doing that as well).

However at these billion+ valuations I’m skeptical the strategy can work as effectively as buying smaller companies to consolidate niche traffic. ie Flickr=good deal for Yahoo, Facebook=bad deal.

CORRECTION:  Really, Yahoo is the online Video leader, Myspace second and Youtube third.  Google video added to Youtube will probably push them to number one, but as usual Yahoo!’s doing it right but not getting credit for their leadership.