Lee Sherman on Distributed Communities: Fresh Ground #5

In episode 5 of the Fresh Ground Podcast, Chuck Tanowitz talks with Lee Sherman, who runs the MintLife Blog. Lee brings over 20 years of editorial experience to Mint, including stints at Quicken.com and Worth magazine.

Chuck and Lee discuss how to create a content-driven marketing strategy, as well as the and differences and similarities between journalism and marketing. Lee shares some key numbers around Mint’s content-driven marketing strategy, and how to avoid thinking in terms of technological silos.

Some of the more interesting excerpts:

“I think that having a journalistic mindset has allowed us to create content that is compelling, and that leads to traffic, and traffic leads to conversions…”

“[At] the end of the day, we’re a software company, and we’re trying to get people to sign up and use a personal finance application… [You] always have to [keep] that in mind, but … building an audience through compelling content was key to our strategy….”

“[While] we’re very careful about protecting people’s privacy … we know a lot about how people are spending their money, and we’ve produced a number of infographics which illustrate trends in consumer spending, and those things tend to get picked up by other publications.”

“We would not have a publication called ‘MintLife’ if it didn’t actually bring in users.”

“[We] initially were thinking of building a community into the blog, but one of the learnings that came out of our discovery process … [was the] notion of distributed community…. Because of how people navigate to our content, the truth is that the conversation about our content is really taking place outside of Mint.com. [It’s] really taking place on Digg, on Facebook, on Twitter.”

“[We] embraced the notion of distributed community, and started to look at ways to bring the conversation into the blog. We haven’t fully gone down this road yet, but it’s a direction that we’re going to continue to go to, and there are tools like Backtype [and] Facebook Connect [to make this possible].”

About the Fresh Ground Podcast: Each week, we feature 10 minutes of insights from people driving change in today’s competitive business and media landscape. We talk about the evolving worlds of media, public relations, marketing and business, with a special focus on creating more social organizations.

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