2/18/2008

Hugh and friends discuss influence

Hugh McLeod does a regular podcast with Rabbi Pinny Gniwisch, Johnnie Moore and Mark Earls. This week they talked about influence.

Well, they did for about 10 minutes – for the next 30 it was mainly about success in marketing and creativity. Interesting, nevertheless.

Listening to these intelligent chaps solidified my view that influence is grossly being misunderstood and/or misrepresented. As Johnnie Moore said, there are two views. One is to think of “cool people” that tell the rest of us what to do. Find those influencers and success will follow. The other view is that life is more complex (duh) and success is often just down to luck, or random acts of traction (as Hugh puts it). (Echoes of The Wisdom of Crowds and Fooled by Randomness here.)

This is being played out on the blogs as Malcolm Gladwell versus Duncan Watts.

I think neither of these views is right – this polarisation masks the real complexity of influence, which is that it’s damned hard to pin down in what it is and how it works.

I can’t criticise these guys for saying it how they see it. In fact, I think the biggest culprits are consumer-facing WOM agencies that claim to be able to identify influential consumers or, worse, to position celebrities as influencers.

The podcast does actually acknowledge that influencers do exist, though these may be the people that “show up.” In other words, anyone can be an influencer if they are committed and diligent enough. I think that this is true in large parts.

A couple of their comments jarred with me:

“The Influential model is most often touted by people who would like to be seen as Influentials, or at least, friends of Influentials.” Ouch. In fact, I “tout” Influencer50's approach because I see it working with clients. Some influential people don’t even know that they influence the market, and are surprised on being told such.

The idea that once you find influencers it’s a simple task of pulling the levers and success follows. My experience is that although identifying accurately is complex, it’s actually the easy part in the process. Engaging with influencers is much harder.

It’s also cemented my view that influence in the B2B world is different from B2C, in that B2B lacks a strong sense of peer-to-peer communication. Business people don’t talk to others outside their organisation because of the lack of opportunity, or due to competitive sensitivities. Influencers act as proxies here, acting as go-betweens for firms. This role is critical, and underpins the entire consulting and industry analysis business models.

In B2C, sure, there are influential consumers. But I’ll bet that no agency can identify which fellow consumers are influencing me on my (ongoing) new PC decision. But they could identify which web sites, retailers and magazines I might consult. Fixating on consumers as B2C influencers is missing the primary sources of influence: the supply chain and value-adding influencers.

It’s clear to me that most firms looking for influencers amongst consumers are looking in the wrong place.

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