The Pedia Credibility Algorithm (PCA) is the result of seeking simple answers to simple questions. (Click on topics below)
If surveillance-based tracking (SBT) is so bad, why do marketers keep using it?
- The Big Tech Mega-Monopoly Middlemen (BTM3) and the thousands of companies in the supply chains that offer SBT dominate the online marketplace
- Marketers had no real viable alternatives
- As Upton Sinclair said, “It is difficult to get a man to understand something when his salary depends on his not understanding it.” It’s the money — as long as everyone is getting paid, no one wants to “rock the boat” by questioning the efficacy, the fraud (that only happens to others), or the “unintended consequences.” No one wants their budgets to be reduced.
- There are signs that marketers are beginning to “see the light” about SBT - here.
What is the Pedia Credibility Algorithm?
- The Pedia Credibility Algorithm (PCA) — provides truthful information as a service to consumers, it’s the #1 thing consumers want from marketers.
- The PCA automatically makes all the marketing and advertising a marketer has ever done — work better, including SBT. The PCA creates a Simple Bargain where consumers engage with marketers’ truthful information and marketers provide the truthful information consumers want. Both sides get what they want and it creates the most powerful marketing platforms on the Internet controlled by consumers and marketers together — without middlemen.
What is the Pedia Effect?
The “Pedia Effect” is created by the PCA (the terms may be used interchangeably). The information brand, “Pedia” generates the most powerful, authentic, and organic perception of an “independent third-party, higher authority” in consumers’ minds, as a result of behavioral cognitive heuristics and biases all working in tandem to influence consumer perception. These cognitive heuristics and biases are (among others): the “representativeness heuristic,” the “availability heuristic,” the “framing effect,” and the “confirmation bias.” The first “if it looks like a duck, walks like a duck, etc.,” the second “I’ve seen a lot of ducks,” the third, “It says it’s a duck,” and finally “I knew it was a duck all along.” Just swap “Pedia” for “ducks.” When these four cognitive heuristics and biases all tell us that something is an “independent third-party, higher authority encyclopedia” — that is our expectation. And when that expectation is subsequently fulfilled — we become true believers — because we literally can’t help it. The “power of Pedia” is the expectation/perception of an ITPHA “Pedia” brand followed by the fulfillment of that expectation-perception, which provides overwhelming credibility.
These cognitive heuristics and biases are extremely difficult to overcome because they are the result of “System 1 thinking,” stemming from the near universal use of the word, “encyclopedia” around the world, in every educational system. The use offline and then online is time-proven, from the thousands of “encyclopedias” books published on every subject, up to the most well-known online example of “Wikipedia” and many others.
Wikipedia is a unique dichotomy, in that it embodies two distinct opposing “effects” — the “Pedia Effect” which generates the powerful credibility and the “Wiki Effect” which, although it’s responsible for the thousands of volunteer content provider/editors who create the content in Wikipedia and correct any errors that are introduced, it is also responsible for the inherent “weakness” of the Wikipedia model — where that content (from “volunteer” provider/editors) is the reason why Wikipedia itself, and educational institutions do not consider the content in Wikipedia to be reliable. And yet the “Pedia Effect” credibility is so powerful that people disregard the “reliability concerns” and come to Wikipedia in droves — making it the 6th most visited site in the world - with over 6 BILLION monthly visits. (Imagine if the information was considered reliable!)
Why do marketers need YOU? Couldn’t they do this by themselves?
- We provide the PCA for marketers to assemble their own individual Pedia platforms on their company sites.
- The “pedia” brand and taxonomy have been long-proven in the marketplace to organically generate powerful perceptions of independent third-party, higher authority credibility, and authenticity in consumers’ minds. Statements made by a perceived “independent third party” certainly will increases overall credibility — but the real lasting power for the marketers is to fulfill those perceptions.
- As powerful as marketer’s individual Pedia platforms may be, marketers can add a few lines of code and have their individual Pedia platforms aggregated into a centralized PediaNetwork® with an actual, real-life “independent third party” to maximize the credibility of their guaranteed truthful information and the network platform. “Truth” is always more credible when it comes from someone that’s NOT you.
- With a real-life independent third party, marketers have a positive increasing returns platform that only gets more powerful over time. Democratized control of the platform by marketers and consumers together, ensures that it never becomes another exploitive “walled garden” media monopoly.
- Marketers are facing an existential threat from Big Tech’s AI-powered personal assistants that choose for consumers, cutting marketers and consumers out of the process. (see the next question)
What makes you think marketers will tell the truth?
- Marketers face a real and growing existential threat from “voice-activated personal assistants” (VAPAs) like Siri, Cortana, Alexa, Google, and others, as well as newer “AI-personal assistants” (AI/PA) like ChatGTP that choose for consumers and are NOT controlled by marketers. These AI/PAs drastically reduce or eliminate marketers’ influence over the consumer choosing and buying process. And marketer do not have the scale or resources to compete head-on in the AI arena with Microsoft, Google, Amazon, Facebook, Apple and the like — which means it’s another round of being at the mercy of Big Tech.
- Marketers have everything to gain by telling the truth. And Wikipedia has proven that the “Pedia Effect’s” credibility is so overwhelmingly powerful that it doesn’t matter if Wikipedia itself says it’s not reliable, or if every school and university says the same thing — people believe the “Pedia Effect.”
- There isn’t anything else in the “business strategy bag” that can do so much for so little — forever. Fundamental opportunities like this are rare. And the only advantage is an “early mover advantage” and the only risk? Not doing it soon enough.
- Bottom line — money. Marketers make more profit by telling the truth. It’s a truly sustainable competitive advantage.
- Marketers must also consider if it’s even possible to lie in the 21st century, and what’s to be gained. Given the evidence from companies that have tried — everyone eventually gets caught, and it’s such a waste and so unnecessary, when simply telling the truth generates so much goodwill, efficiency, effectiveness, and bottom-line profit — on an increasing returns basis.
How do marketers know you can pull this off?
- Because we perform no critical fulfillment.
- Like a franchise, we provide everything upfront — the “blueprint” (the PCA and the Pedia brands) — which marketers follow to create their own individual Pedia platforms with the “Pedia” brand perception, the standard (guaranteed truth), and the consumer-enforcement rules.
- All fulfillment performance is by the marketers — and it’s 2 simple steps: assemble truthful individual “Pedias,” and respond to consumer-enforcement/engagement of the simple rules.
- There is no “execution” or “management,” as the “Pedias” operate on a simple set of rules in the same way as the Wikipedia “peer-reviewed and curated” network – with “consumers” as the qualified arbiters of “truth in marketing.”
- A “credibility algorithm” is just another way of saying “credibility formula” or “credibility recipe.” And since it is a formula, it’s “deterministic” meaning it’s self-executing and self-fulfilling, so if you follow the formula, you get the results. If you have a recipe for chocolate cake and you follow the recipe — you get a chocolate cake (of some sort) — not potato salad. We supply the “recipe” and the marketers are the “cooks.”
- Even when marketers have their individual Pedia platforms aggregated into the centralized PediaNetwork®, everything remains the same — all fulfillment is by the marketers — their content always remains under their control, with only a few lines of code to aggregate their “Pedia” into the centralized PediaNetwork®.
How do you generate traffic to the PediaNetwork® site?
- Consumers will intentionally seek out guaranteed truthful information about the products and services they want to buy.
- Marketers will happily provide traffic for their company encyclopedias for a simple reason — marketers make more money sending consumers to information published by the “independent third-party” PediaNetwork® platform than the identical information published at the corporate site — “independent third-party” is always more credible (and profitable) than “first-party.”
- Marketers will always retain access to all of their customers — no “walled gardens” or restricted access ever, as marketers and consumers together, control the platform.
- The PediaNetwork® platform controlled by marketers and consumers together, is the best way that marketers have to regain the influence they’ve ceded to the BTM3s in the past 20 years and to defend against all of the current and future AI-driven personal assistants that choose for consumers and cut marketers out of the loop. There is no more powerful strategy for marketers that does so much — forever.
- The PediaNetwork® platform provides marketers and consumers with a solution and sufficient resources to respond to AI threats now and into the future — there won’t be any second chances.
If consumers could push a button and remove all the ads and commercials from their TVs, phones, computers and tablets — would they?
- Consumers began pushing the “ad-blocker” button a long time ago with cable television, VCRs, and DVRs, and now consumers worldwide are “pushing the online ad-blocking button.”
- The majority of consumers worldwide wouldn’t care if up to 94% of brands disappeared - marketers need to find a way to provide marketing that consumers want and don’t block.
- And if all of the above wasn’t bad enough, the lure of AI-driven personal assistants is pervasive and marketers desperately need a response since the BTM3s are the main sponsors of the AI-driven personal assistants.
What do you mean by ‘100% aligned?’ Nothing can be 100% aligned.
The PCA provides consumers and marketers with “everything everybody wants” and doesn’t try to provide anything they DON’T want. That is the PCA definition of “100% consumer-marketer alignment.”
Why does advertising work at all in the first place?
Advertising works because consumers need information about the products and services they want to buy in order to decide which product/service best meets their needs and desires. For most of the post-World War II era, advertising was the primary source of information on the products and services consumers wanted to buy. But not any more.
Why does targeted online advertising work so poorly?
- It’s always been the interruptions. All digital advertising, whether it’s the new “big data AI targeted” or just a plain old display ad — if it’s delivered at the consumer’s “point-of-interruption,” it cannot work very well. You simply cannot beat the math (interruption).
- Consumers don’t want advertising, consumers don’t trust advertising, and most of all, consumers no longer need advertising. Consumers today can instantly get so much of the information they need from the Internet, whenever they want, from independent third-party sources including their friends, family, experts and users of the product or service they want to buy. Consumers today simply don’t need advertising, which means they have even less reason to put up with interruptions from ads and commercials.
- Scary question: If consumers could push a button and get rid of all the ads and commercials on their televisions, tablets, computers, and cell phones — how many would push that button? Scary fact: Lots of consumers have already pushed that button. (see previous question about this)
Why do marketers provide so much marketing consumers DON’T want instead of providing marketing consumers DO want?
- Short answer — habit and marketers haven’t been offered marketing methods that consumers actually want.
- Interruption-based exposures are notoriously inefficient and ineffective with more middlemen in the ad tech food chain, that marketers have little control or visibility of what exactly is happening to their marketing dollars.
- Long answer — it’s not just the marketers — it’s the Big Tech mega-monopolies and all the middlemen in the advertising “food chain” that get a paycheck regardless of how effective, efficient, fraudulent or even if the advertising exists at all. It’s always in the best interest of these middlemen to come up with some “shiny object” that is so complicated that only the middlemen can explain it — and these middlemen always recommend the same solution — buy more, buy something new (social), buy something old that we’re calling new (native) — but whatever it is — BUY more. And when it doesn’t work — it’s because you didn’t buy enough. Such a deal.
- You could say, “marketers don’t care,” or “marketers are out of touch,” or they are simply subscribing to the “Upton Sinclair” school of thought (see first Question) — but the fact is, it’s very difficult to be in digital marketing these days and it seems far simpler to “pass the buck” until your tenure (very short for CMOs) is up and move on.
What do consumers want?
- The 1 thing consumers want is HONESTY — TELL THE TRUTH
- Consumers want (and need) Truthful high-value information to help them decide what to buy.
- Consumers want exactly the information they want — exactly when they want it. (And when they don’t — they don’t.)
- Consumers want credibility — independent third-party information they can trust and believe.
- Consumers want information on every product and service across all markets in a single, easy-to-remember location — convenience.
- Consumers want transparency.
- Consumers want their privacy protected.
- Consumers want more control over their information.
How do you know what consumers want?
- Historical observation, simple logic and we asked. Consumers always want high-value, truthful information vs. low-value “yada yada” about the products and services they buy, and they want exactly the information they are seeking, exactly when they are seeking it.
- And once consumers have all the information they want, they make a purchase decision — and at that point, they don’t want any more ads/commercials, no matter what the “(re)targeting” data says.
What do marketers want?
- Brand Safety — No Risk
- To get back the power they conceded to the mega-monopolies
- To control the most powerful trusted consumer information channel
- Deliver high-value information at the consumer’s point-of-need (PON)
- A powerful organic independent third-party information brand
- Consumer Alignment
- Full Transparency
- Simple Rules
- No Fraud
- NOT creating another “predatory” media
- NO ad blocking
- To control their own destinies
How do you know what marketers want?
- Historical observation and simple logic. Marketers provided the revenue to build all of the media empires starting with newspapers to magazines to radio stations to television networks, etc., but this time, they funded the creation of global, mega-monopolies that dominate online advertising with “winner take all” network effects.
- In previous eras, marketers were exploited by the various media they funded with higher prices, lower reach, and outright “bait and switch.” But this time, due to network effects, several mega-monopolies were able to siphon off so much more power and influence from marketers over their customers, that marketers may have lost significant control of their own destinies. As in all businesses, marketers would rather have more control of their own destinies than less — and the PCA delivers exactly that.
Is the PediaNetwork® platform really an independent third-party?
- Absolutely. with the PCA, the credibility of the independent third party is the primary point of differentiation.
- The PediaNetwork® platform is the most powerful, organic, independent third-party consumer information platform that only gets more powerful over time, so it would be stupid, after over 20 years, to even consider compromising such a sustainable competitive advantage by not enforcing the simple rules.
- The PediaNetwork® platform’s independent third-party high-value information standard is real and inviolate. It would be self-defeating for the PediaNetwork® platform and its marketers to compromise on the independent third-party, high-value information standards since consumers want and need high-value information and are already drowning in every kind of “low-value” interruption-based information as it is.
- The PediaNetwork® platform position is that marketers benefit from all types of marketing but only independent third-party high-value information is so powerful that it can make all other marketing and advertising efforts work better.
Isn’t the PediaNetwork® platform just trying to copy Wikipedia?
No. We were first. We created the first free online encyclopedia in 1995, Autopedia — The Automotive Encyclopedia, and we formally described the “Pedia Effect” in a patent application on December 18, 2000, before the Wikipedia domain was registered in 2001.
How does the PediaNetwork® platform generate revenue?
There are 3 main revenue streams: advertising (no direct competitive advertising); marketer licensing fees (to use “PediaNetwork” platform brands); and transaction fees on all transactions generated.
Why did it take so long?
- From the beginning, marketers were hooked on the logic of the whole “big data, AI, technology” promise of “right person, right message, and right time” and they would run with the new “bright shiny objects” they were being offered for an extended period (the Upton Sinclair model) — until marketers finally reach an inflection point where they realize that everything wasn’t what it was hyped up to be, they didn’t hold the power they paid for, and they really need an alternative — where they do have the power.
- And sometimes it takes time to recognize the old ways just aren’t working as well as they used to. It took until the 1980s before auto dealers would be willing to provide truthful invoice price information to consumers and give consumers more confidence by negotiating from invoice up instead of sticker price down. Sometimes it’s hard to break old habits.
- Simple is hard.
What about search?
You only search for something if you don’t know where it is. If you know where to get the most truthful information about the products and services you want to buy — you go there.
The Final Evolution of Marketing?