Full Disclosure - a Matter of Ethics
Posted in Ethics by: SandiI haven’t posted an ethics-related post in quite some time. Quite honestly? I haven’t had any ethics-related inspiration for a post lately. Not until recently, that is.
There’s alot of talk in the blogosphere about monetizing blogs - making your blog earn money. Blogging to the Bank, Problogger, John Chow, etc., there are blog posts galore out there about how to turn a buck with your blog. I have to be honest…most of that stuff makes me want to gag. It sends that same ‘used car salesman in a bad suit’ shiver down my spine as alot of these ‘experts’ out there who self-proclaim to be ’industry leaders’ when they’re barely more than just a good copywriter.
Personally? I’m of the opinion that ‘monetizing’ is not something appropriate for a business blog. It has too much of an ‘ick factor’ for me. Business blogs are meant to facilitate building a relationship with potential customers and/or clients. They are a means to let those buyers-in-waiting get to know a little more about you, hopefully come to like you, and eventually trust you enough to do business with you.
However, is there a way to have a business blog ‘earn its keep,’ so to speak…without compromising those ethics? With all the information out there about passive income streams for solo professionals, is it ethical to have one of those passive income streams be earning money from your business blog? There’s a fine line between creating passive income and the icky underbelly impression of a ‘monetized’ business blog. A very fine line.
Here’s my take on the matter. (Feel free to express your take by posting your comments below.) IF…and we all know “if” is a pretty big word…if the business blogger in question adheres to a strict policy of only allowing or accepting compensation for the promotion or endorsement of products, services, or events he/she would already be willing to do for free AND they fully disclose the practice of paid reviews/endorsements/affiliations to readers, then I do not see an ethical dilemma. By maintaining a strict policy of only promoting what you truly believe in yourself and being honest about it, you give your blog readers the information they need in order to make a judgement call about why you’re recommending something to them.
I myself have developed a passive income for The Sounding Board via compensation for some of my reviews and recommendations. I disclose that information site-wide via my disclosure page so that readers may determine for themselves how much weight they want to put into what I have to say. I only accept compensation for reviews or recommendations that I would have done otherwise without any compensation.
For example, let’s say hypothetically that I use ABC Webhosting to host one of my sites. I’ve been thoroughly impressed with the service I received from ABC and want to share that with readers. I do that just because I want to share my own experience and a good resource that might be of benefit to readers. ABC offers to compensate me for posting my recommendation. Provided I let readers and visitors know that I entertain such offers, is there anything wrong or unethical in accepting the offer? I don’t think so.
On the other hand, let’s say that I’ve never done business with ABC, or even heard of them for that matter. I receive an offer for compensation in order to post a positive review of their hosting services. Hmm. That would be unethical, in my opinion. I would be blatantly lying for my own financial gain to post that I’m impressed with their service if I’ve never experienced it before.
What’s your opinion? Is one scenario a more ethical practice than the other? Are they both unethical? Do you have a similar story to share about the fine line between passive income and marketing puffery? Post your comments here or send me an email - sandi at virtually yours llc dot com.
