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If you missed it this week, the Federal Trade Commission revised their rules on the relationships between advertisers and product reviewers. The past rules stated that anyone who reviews or endorses products must disclose any connection (such as payment, free goods or free services) they have with an advertiser. This rule has been applied to all forms of traditional media - tv, radio, print, etc. It is now being applied to all forms of digital media including bloggers.
For the record, I have never been contacted to endorse any products, push any services or promote any brands. However, I'm willing to try. If any marketer is reading this, I'll be glad to write glowingly about your product for free stuff or a small cash payment. And, if i do so I promise to tell everyone I did. As a matter of fact, if i don't, consider it your obligation as a law abiding citizen to report me to the FTC.
The public statement the FTC made in regards to this ruling is interesting to me from a few perspectives:
- The government acknowledgement of the power of the online community be it Facebook pages, Twitter feeds or the blogosphere to sway public opinion, to be influencers and tastemakers.
- It changes the perception of the digital world from no longer being consider "new media" to be consider just media. They are going to be held accountable and regulated like traditional outlets.
- Rather than write regulations specifically for the digital space, the FTC instead opted to extend existing rules written for an entirely different platform.
The thing is who really cares. We are marketed to everywhere all the time. Cross promotion has been elevated to an art form just ask anyone in product placement. Who is the government trying to protect? The gullible. Are they saying without regulations online independent media producers will deceive people into buying inferior products that they never wanted to purchase in the first place? I wish I had that much sway. Or, are they saying bloggers are so influential they can be bought by brands like some modern day payola scandal? Cool. I'm for sale. Or maybe they are saying it's okay to influence an audience to purchase stupid shit as long as you tell them you were compensated to do so?
The most humorous thing is whoever decided to expand this law doesn't understand much about the internet except that it's become very popular. If you look at the most popular blogs or the influencers with big followings on Twitter, they are successful because they are transparent and genuine. People flock to them to get away from the filtered world of agenda driven media, to escape corporate owned messaging. If people start using their earned platforms to monetize it in a way that no longer represents an honest fair value proposition with their audience, their following will face rapid decline. They don't need a government regulator to enforce full disclosure and honest brokering with their readership, it's already engrained in the culture.
At the end of the day, I believe the law has very little impact. It is probably a rule that won't be enforced in a medium that doesn't need enforcing. At least not on this particular topic. At least the government gave us all the nod that were powerful enough force to be monitored by Big Brother.
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Jerry Solomon is the managing partner of