
The Original article was Posted on TechCrunch
Commodification (mid to late 1970s, Word) is used to describe the process by which something which does not have an economic value is assigned a value and hence how market values can replace other social values. It describes a modification of relationships, formerly untainted by commerce, into commercial relationships.
Commoditization (early to mid 1990s, Neologism) is the process by which goods that have economic value and are distinguishable in terms of attributes (uniqueness or brand) end up becoming simple commodities in the eyes of the market or consumers. It is the movement of a market from differentiated to undifferentiated price competition, from monopolistic to perfect competition.
There is a great comparison of social media is made in this article on Lifehacker . The article has a great breakdown of Buzz, Twitter, and Facebook. I kind of missed Google’s Buzz when it first came out. I found this article while looking it up. From what I’ve heard buzz is suppose to contend with Facebook, I haven’t had the chance to use it much.
I found it odd that the author chose to put only these three in the chart. The author mentions others explaining that they are “generally too niche to be compared in the same aspects and categories.” I would argue that buzz is too new to not have a niche and twitter isn’t really comparable to Facebook or Buzz at all.
This article had some really great comments. One comment had the above picture from this site. The picture includes a breakdown of more social media sites. One of the best questions brought up in was in a different comment by cal82, “… What about the most important factor: which network your network uses?” This has to be the number one reason to use a social media site. Are the people that you want to be social with using the site?
Knowledge is power is the title of this blog and I think it is perfect. I have transferred schools three times due to following a dream. It just so happens that each time I transfer, I get a fresh start. My first school was University of North Texas and I didn’t go to class consistently and did as little as possible to get by. I then moved to Colorado and went to the University of Colorado in Colorado Springs. My attitude towards school was a lot better, but I was still not attacking the learning part like I should. My last transfer was to Eastern and again I was given a fresh start.
I was very lucky with my fresh start, for I finally decided what major I wanted to go after. I also met my business partner John Hanna in my first class. I was grouped up with John and we both showed how we can really spend time on an assignment and turn it into something helpful for others. We then were asked to help create the second course for Google AdWords for Eastern Michigan. During this time we decided to create a company and there was a lot of excitement.
We then ran into some problems. We are very good with Google AdWords, which was shown if you saw our certification test score. We are not good at getting customers and sharing our knowledge with other companies to help them succeed. So, we put our company on hold and continued working on school projects and learning more information.
It is time to get our company going again for we both need money. After a conversation, we are about to take what we have learned in the classroom and apply it to our business. We are using what we are learning in our project management class to help us with our progress. We are going to meet every week now and just focus on our company. This Thursday we are spending quality time on content so we will be able to launch our new site that looks more professional and try and lower the risk concerns with potential clients. Ajax could be a feature that could also be used with our new site, but I think we should try and finish the semester before we incorporate something we don’t have a full understanding of.
Once our site is up, I know John and I will both welcome any help with getting our name out there and helping us help other companies.