Transcript of the live chat session that took place Thursday, October 21, 1999. These sessions are normally scheduled for 12 noon-1 PM Eastern Time every Thursday. Please note that the US is now on Daylight Savings Time. So in international terms, we are on at GMT -4.
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Richard Seltzer -- It's time to get started. Welcome Carloyn Unger (from ExpertCentral), Bob Zwick, Mitchell, and Matthew. Please introduce yourselves and let us know your interests. That will help us get off to a quick start.
Richard Seltzer -- Welcome, Jesse and Jim. Please introduce yourselves. All -- please dive in. Have any of you visited ExpertCentral? Have any of you signed up as experts or asked questions there?
Greg Schmergel-- Richard, I'm Greg Schmergel, the CEO of ExpertCentral, joining in.
Carolyn Unger -- Thanks, Richard! Already, at its launch, ExpertCentral.com is the largest expert resource site on the Web. Our site is a venue for people seeking specific answers and information to connect to experts in a whole range of topics. You get to ask a question of a real person. It's not static information.
Bob@CottageMicro.Com -- GREG - How does ExpertCentral benefit (financially) ?
Greg Schmergel -- Bob: ExpertCentral benefits financially in two ways--first from advertising/sponsorships, and second from a 15% transaction fee on every for-pay transaction. And we do handle the transaction processing for the expert--we bill the user's credit card and then pay the expert every month.
Ron Rothenberg -- I got an invitation to join ExpertCentral as a real estate expert through membership in NAEBA (Nat'l Ass'n of Exclusive Buyer Agents)
Greg Schmergel -- Ron: Great!
You have signed up, right? Ron Rothenberg -- no, haven't
had time. I've been too busy gaining expertise.
Ron Rothenberg -- it looks
like many NAEBA members have signed up - I know most of the people on the
REAL ESTATE experts site.
Richard Seltzer -- Carolyn -- In some ways, your site reminds
me of the early days of the Internet, when people posed those same kinds
of questions in newsgroups. Yes, newsgroups are still around, but the vast
majority of Internet users never heard of them and wouldn't know how to
use them. Also, by a bizarre twist, it seems that the newcomers almost
prefer to pay. They come from an environment where they expect to pay for
useful information and might consider information that they didn't have
to pay for as less reliable. It's a strange world. But I'd guess that your
model is well suited for it.
Greg Schmergel -- Yes, you're
exactly right, our site is intended to bring back some of the early benefits
of the Internet, when it was actually possible to track down the right
people to answer your questions. Now it's virtually impossible to find
a qualified, helpful person in a chatroom or on Usenet, and Usenet has
other drawbacks as well.
Greg Schmergel -- The other
part of your question, about paying, is also relevant. It's not just that
information that is paid for is more reliable, but also that information
from a known source is more valuable. When you can see the person's credentials
and ratings, you're more likely to value (and pay for) the information.
Richard Seltzer -- Greg -- Yes, one of the advantages of your
site is that someone with a question can search through your database tor
browser through a category, checking the credentials and background of
the "experts" and then can submit a question to someone in particular.
Or if it's just a quick question they have that many may be able to answer,
they can post it for all to see.
Greg Schmergel -- Jesse,
the turnaround time varies a lot by expert. Some experts check their account
every day and respond immediately, whereas some are checking once a week.
We are hoping to encourage everyone to check more and more frequently to
get the response time down.
Greg Schmergel -- Richard,
pre-launch experts were given an initial rating of 3, yes, since we invited
them based on their credentials and their record of answering questions
in other fora in the past, and we wanted to recognize that. Most of them
have excellent histories of helping people elsewhere prior to ExpertCentral.
Another point relevant to your comment is that on eBay people with higher
ratings can actually sell the same item for more money--we expect the same
thing to happen, where Gold level experts can charge more than Bronze level,
for example.
Richard Seltzer -- Greg -- Yes, I've seen the effect of ratings
at eBay. In my case, I was able to sell the same kind of item for 5-10
times as much after I had established my reputation there. But it takes
a while for the reputation of your reputation system to get established.
It isn't automatic.
Greg Schmergel -- On your
eBay comment: 5-10x! Wow! That is amazing, and a great example of the power
of ratings. Yes, it does take a while--any thoughts on how the reputation
of a reputation system gets built? Is it just time?
Ron Rothenberg -- reputation
of a reputation systems gets built by encouraging factual and helpful feedback.
I don't think anyone really believes much of ebay's current system -- everyone
is the most wonderful seller or buyer in the world! but i must admit, that
it does have its effect -- (ronrsr (+1115 on ebay).
Richard Seltzer -- Greg -- I believe that in the early stages
the actual raw comments mean more than points, and points actually might
get in the way. That is the case with Amazon, which has been trying this
for a few months now. Starting people with 3 stars might actually be negative.
Richard Seltzer -- Ron -- Yes, there is a strong tendency at
eBay for everybody to give good feedback. But that is in large part due
to the fact that everybody bends over backwards not to do anything that
would get them negative feedback. Beyond a certain point the numbers become
irrelevant. But someone with over 100 positive feedbacks is experienced,
knows what they are doing, and can be relied upon.
Richard Seltzer -- Greg -- Amazon is a bit bizarre with their
ratings. To get jumpstarted, their system (of five stars) is an average
of the ratings that someone has received. If one person rates you and likes
what you do, you are immediately five stars. That's not anywhere near as
credible as the eBay style, where there is benefit from participating often
as buyer or seller (both kinds of feedback are treated the same).
Richard Seltzer -- Ron -- Wow! Congratulations on cracking 1000
at ebay. (I bet there's a good deal of revenue associated with that as
well :-)
Greg Schmergel -- Ron: Congrats
on your +1115! That's a lot of positive feedback....
Ron Rothenberg -- yes. Richard
says credibility and experience starts at a rating of 100. I think it's
1000, or more specifically, 10 less than whatever rating i have at the
moment.
Greg Schmergel -- Richard:
We have both ratings and rankings--let me explain. Experts are rated after
every question from one to five. Accumulating more questions at good ratings
allows them to progress from unrated to Bronze to Silver to Gold level--so
actually the ranking (Bronze, etc.) is closer to the eBay style. At the
moment, we only have expert ratings/rankings, but may add user ratings
as well.
Greg Schmergel -- Richard:
You are bringing up a very interesting point, and yes, we are looking at
a few options for providing guidance as to which expert to select.
Bob@CottageMicro.Com -- GREG - would your guidence be a keyword
search?
Richard Seltzer -- Greg -- If you are looking to build partnerships,
the guide concept might be a very logical approach. Select a partner for
each category. They provide the expert who acts as the guide to experts
in their area of strength. That's a position that would require time and
effort. But they'd be willing to do it for the reputation it could provide
them (while enhancing your reputation as well).
Richard Seltzer -- Bob -- keyword search is useful, but I believe
that a personal recommendation from someone I trust would be far better.
This is especially true if the site becomes very successful and has many,
many experts, many of whom has tagged themselves with the same keywords.
Greg Schmergel -- Bob: Yes,
we have a keyword search feature, accessible right from the home page.
We are expanding its capability over the next few weeks to become a full-featured
keyword search engine that will accomplish exactly what you suggest.
Richard Seltzer -- Bob -- I think a balance is necessary, between
database and personal. And any personal recommendations that started to
feel like Good Ole Boy, would soon lose credibility. (Guide could and should
be rated as well as the experts themselves.)
Richard Seltzer -- Also, do you have any plans to do something
special with homework type questions? In other words, might you set up
a section where the experts are in fact teachers, and where a parent could
pick and pay for a tutor or online helper for his/her child, one who understands
the difference between helping someone with homework (explaining concepts
and leading them to learn) as opposed to doing it for them.
Greg Schmergel Greg
Schmergel-- Richard: Yes, we cover all the main topics of interest
to Internet users with our 18 categories. We are not avoiding medical and
legal areas--in fact, we have numerous very well-known, very well qualified
experts in both of those areas. We have a top asthma expert who runs an
Allergy Center, some well-known lawyers, and some world-famous veterinarians.
But it is true that experts in those areas must exercise extra caution,
and obviously we do not want anyone, even a qualified expert, to provide
medical diagnoses or treatment plans on the site, for example.
Greg Schmergel -- Richard:
Homework and tutoring is certainly an area we hope to expand, it is a natural
for the site. Really, the entire educational field, from K-12 through college,
makes a lot of sense--knowledge sharing through the Internet cannot help
but be huge in that arena.
Richard Seltzer -- Greg -- In most areas, the experts are self-declared.
Yes, they describe their credentials. And that's fine if I want to know
how to get a stain out of a shirt, or how to do something fancy with my
Web browser. But I'd think that medical and legal advice are a bit different.
There are plenty of folks with home remedies and their own unique ideas
about how the law ought to work. How do you or can you distinguish between
a real doctor and someone who might be a quack? Seems like that could be
a challenge, unless for certain areas you have a stringent certification
process (which would also help build credibility).
Greg Schmergel -- Richard:
If you browse through the profiles of the experts (everyone fills out a
lengthy profile form), you can quickly see for yourself who is self-declared
versus who has degrees and certifications. We may at some point add an
official verification process to check on the degrees and make sure they're
real.
Bob@CottageMicro.Com -- Richard - I would be wary of the "Good
Ole Boy" reccommendations rather than an objective list of who can and
has answered questions about a keyword.
Greg Schmergel -- Bob: Currently,
experts check their messages by logging in to the site and going to their
MyExpertCentral page. We are planning to add ICQ/AIM-type functionality
in the near future--that is next on the agenda, and then we will expand
to other modes of communication. Experts also get email alerts letting
them know there is a message waiting on the site.
Greg Schmergel -- Jim: Yes,
certainly that would be a good option. The same mentors who give the course
can then offer expanded service to the students after the course through
ExpertCentral, at whatever rates they chose.
Richard Seltzer -- Greg -- are you forming any regular alliances/partnerships
with sites that have a particular expertise as the core of their business?
e.g., startup AuctionRover provides
answers for people selling at auction sites, and CompareItAll
which is scheduled for launch in December will provide answers for online
shoppers. Also, sites which provide training courses of various kinds.
There ought to be some way to work together for your mutual benefit.
Greg Schmergel -- Richard:
We are certainly working on alliances with all sorts of sites. I had not
heard of the two you mention, but yes, those are good examples. A lot of
sites are interested in working with us, because our model brings a much
more human dimension to currently static-content-oriented sites. Ecommerce
sites that offer good Q&A do better, for example, and with out mixed
free/for-pay model it's also a potential additional revenue stream in addition
to a traffic-generator/relationship-builder.
Greg Schmergel -- Richard:
EXP.com
is
probably the most similar, but focuses much more on for-pay, expensive
advice--they also have far fewer experts than we do at this point (probably
related points). InfoRocket has not launched yet, so I'm not too familiar
with them, but they appear to be doing reverse auctions on advice. I don't
know much about tutor.com--is that focused on students?
Richard Seltzer -- Greg -- for now, tutor.com is for hooking
students up with real-world tutors (someone in your zip code who you can
interact with face-to-face in a traditional tutor relationship). But their
model could easily to expanded to online tutoring and maybe even mentoring,
moving more in your direction.
Greg Schmergel -- Jim: The
hottest experts are the three you see on the home page. We will actually
start rotating them so they don't get overwhelmed. We have dozens more
waiting to be spotlighted. So far the traffic is pretty even across the
categories, although the most requested are the ones you might expect,
like business, arts & entertainment, sports & fitness......
Richard Seltzer -- Greg -- A corollary to that last question
-- clearly you capture and store the questions, but do you capture answers
as well? Don't those get delivered directly from the answerer to the questioner
by email? Or how does that work?
Bob@CottageMicro.Com -- Richard - storing the question and who
provided the answer would be more feasible. I assume they wouldn't want
to give it away. I would think my answers are copyrighted and therefor
I shouold get compensated for each time it is used.
Richard Seltzer -- Bob - I was thinking about the free answers
that people provide. The ones that are paid for should remain private.
Greg Schmergel -- Richard:
Both question and answer are captured and stored. If it is a free and public
question, it is then searchable by keyword through our Knowledge Base.
So if the question has been asked and answered previously, you can see
it immediately and we will actually show it to you whenever you do a keyword
search. There is no direct delivery by email--only alerts by email. We
manage the message traffic, which allows us to manage the ratings system
and the transaction processing too.
Greg Schmergel -- Bob and
Richard: Please note I said only free public questions are viewable--if
you answer something for pay or privately, only the questioner and you
can see it. That way your intellectual property is protected (and yes,
you own the copyright).
Richard Seltzer -- Greg -- So the answers are all delivered by
way of your site? how do you make that happen? It would seem that as soon
as people exchange email addresses the discussion moves to email. Is that
a problem?
Greg Schmergel-- People
can exchange emails if they like, but then the expert loses the ability
to charge the user's credit card, to have their answers stored in the knowledge
base (if they so choose), to have their answers rated (thus building their
reputation), to protect their privacy, and many other benefits. So yes,
it's possible to leave the site and just go through email, but we want
it to be much more fun and efficient to go through the site. Email addresses
are not viewable, by the way, although they can be exchanged within messages.
Greg Schmergel -- ard: how
about tutorcentral.com? Richard Seltzer -- Greg -- is there a tutorcentral? I don't know
about that one.
Greg Schmergel -- Richard:
I was kidding about tutorcentral.com, I don't know if it exists.
Richard Seltzer -- All-- before you sign off, please post here
your email address and URL so we can keep in touch. (Don't presume that
the software captured that.)
Richard Seltzer -- All -- as usual, I'll edit and post the transcript
from today. Please check www.samizdat.com/chat.html.
Richard Seltzer -- All -- thanks very much for joining us today.
And special thanks to the folks at ExpertCentral. Any chance that you would
be able to come back again next week?
Greg Schmergel -- Richard:
Sure, we would love to visit again next week and keep chatting.
Bob@CottageMicro.Com -- Greg - I am hosting a live chat about
DE (Distance Education) which has a good sample of academic and comercial
participants. You are welcome to join us tonight from 8pm-9pm EDT at http://www.cottagemicro.com/education
This chat is also hosted by Web-Net.
Greg Schmergel -- Richard:
OK, I'm signing off (greg@ExpertCentral.com from www.ExpertCentral.com).
Richard Seltzer -- Greg -- thanks again. I'm going to have to
head back to ExpertCentral, answer some questions and try to build up some
feedback. (Maybe I can beat Ron to 100 here. He has me totally beat at
eBay :-)
JimPellrin -- Richard: Good
session. Thought provoking and informative.
Richard Seltzer -- Signing off. Thanks again to all.
Previous transcripts and schedule of upcoming chats -- www.samizdat.com/chat.html
To connect to the chat room, go to www.samizdat.com/chat-intro.html
This site is Published by B&R Samizdat Express, 33 Gould St., West
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Giving value to informal, spontaneous content
Richard Seltzer -- I see this as an example of how to get paid for
content -- in this case, informal content. And the informality of it probably
by-passes the restrictions that many employers place on their employees,
preventing them from consulting; and that colleges place on professors,
preventing them from teaching for other institutions. It's an informal
exchange, which the writers of rules probably never anticipated.
Marketing tool for consultants
Richard Seltzer -- Many of the people who join these chat sessions
are consultants or would-be consultants, experts of one kind or another.
I'd think that your site would be a good place to look for leads and make
the first contact with potential customers. You can go to a category and
see all the open questions. If the answer is easy, you can just answer.
If it's going to require some time, you can propose what you'd do and for
what price. Has anyone here tried that yet?
Getting questions answered
Jesse -- Hi all. Greg, good point. I just registered for your site
and need to look it over a little more. As an engineer, I am interested
with what I see so far in using ExpertCentral to complement my TechOnLine.com
membership where I can get unlimited training and information for free.
What tends to be the turn around rate for getting questions answered, though?
Building the reputation of a reputation system
Richard Seltzer -- Greg -- Yes, the ratings are another important
piece in the puzzle. But I'd expect that that will play a larger role over
time. At this point, I understand that folks who had signed up as experts
by the time of launch were given initial ratings of "3" (on a scale of
5). It will be interesting to see how that evolve and how useful the particular
feedback comments are over time. At eBay, the feedback system is at the
heart of their business. In your case, the feedback becomes immediately
important to an expert, because when someone with a question checks a category
of experts, they are presented with the top ranked experts on the top of
the list. That's good motivation to provide bunches of free answers to
raise your rating, and hence raise your chances for getting paid assignments.
Guidance -- "experts of experts"?
Richard Seltzer -- Greg -- Regarding credibility and certification,
and also as a way to help people sort through long lists of experts, have
you considered adding a Guide system, a la About.com
(AKA
The Mining Company). In other words, you might have an "expert of experts"
for each category, who could act as a guide and referee, pointing people
to specific experts, based on what they say they need and what he/she knows
about the experts. Databases can be useful. But personal recommendations
are much more useful, especially when the number of choices gets very large
and when (as Ron mentioned happened at eBay) the feedback system tends
to level out, with all the regulars having the same high rating.
Subject categories and certification that you're
an "expert"?
Richard Seltzer -- Greg -- At this point, your categories range
all over the place. It looks like just about everything is covered. Do
you plan to do anything special with fields where experts normally need
to be certified? e.g., medical, legal, and technical question. Will you
avoid those? Or will you set up special procedures for ensuring that your
experts are in fact experts?
Use of instant messaging?
Bob@CottageMicro.Com -- Hi - Bob Zwick - Independent consultant
here.
GREG - You mention experts checking their calls, does that mean that
there in no expedient way to contact an expert? For example vie e-mail,
ICQ, AIM, or MSN
Partnering with ExpertCentral?
JimPellrin -- Hi all from Jim
Pellerin, Presidet of Pellerin Consulting Group. I currently have a consulting
practise specializing in Project Turnaround Consulting (basically for Projects
in trouble). I am currently in the process of building an online course
in Project Management. One of the features of the course will be the online
mentoring feature which is facilitated through bulleting boards, chat and
emails. What are your thoughts on how I could integrate ExpertCentral into
my offering. One thought is to use ExpertCentral for students after they
finish the course. I could use the same "mentors".
The competition -- other expert sites
Richard Seltzer -- Greg -- How do you position your site with regard
to other similar startups, such as exp.com,
inforocket.com,
and tutor.com?
What's hot?
JimPellrin -- Do you have activity
statistics for ExpertCentral? Which expertise is most requested? Which
experts are hot?
Searchable content? (avoiding repetition)
Richard Seltzer -- Greg -- Is there an easy way to search through
previous questions and answers to see if someone already provided the answer
I need?
Opentutor.com?
Richard Seltzer -- Greg -- thinking along those line of online tutoring
(a more formal variant of what you are doing now, and a natural area into
which you could expand), I have reserved the domain name opentutor.com
Interested? :-)
Wrapup
Richard Seltzer -- All -- time is passing far too quickly. I want
to continue our discussion about getting paid for content/advice on the
Web next week. I hope that you all will be able to join us again. And I
will invite one or more additional company to join us to tell about another
unique approach (I'm thinking of ISyndicate and Leanlots. Please let me
know your suggestions).
Jim Pellerin, pellerin@pellerin.net, www.pellerin.net
My
Internet: a Personal View of Internet Business Opportunities
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