I’ve been chatting with a bunch of research analysts who work with our BuzzMetrics services about how we can apply the BuzzMetrics methodology to improve the purchasing of search terms and search engine optimization (props to Lindsey and Greg). I believe the busy mind of Pete Blackshaw has also been considering/pitching/mulling over a similar concept.
My thinking is this: One of the inputs of the BuzzMetrics Brand Association Map (BAM) is the ability to identify the proximity of one term to another term, typically a brand, concept or person, in naturally occurring online conversations - blogs, message boards, forums and other social media. If two terms appear close to each other often, it stands to reason that they are associated. It also stands to reason that if two terms are frequently proximal in CGM, then they are also frequently proximal in people’s minds. This concept of cognitive proximity is at the heart of one of the key search term buying problems. I know that if I am selling cars, I buy words about cars. But I have a much harder time predicting, in a scalable way, what other terms are used by people when searching for cars. At best I can look into the past and look at panel or ISP data.
The challenge with using panel or even ISP data is that search is massively fragmented; there are almost 1 million words in the English language and it is very hard for any sample-based data source to capture it all. This is important, because when I am trying to buy words about cars, so is everyone else, and therefore they tend to be priced higher than words people don’t care about. The real ROI is on words that are not about cars, but rather those words that people researching (or even better, in the market for) cars are searching for. Using the BAM, I can narrow down the words to those frequently used when discussing cars - and identify those that might not be obvious.
For example - Volvo, would probably be pretty pricy at this point, whereas a word like aardvark is probably not - unless there is a competitive market out there for aardvark aftermarket parts that I’m not aware of?

I guess not…although it does appear to be a pretty cool FireFox extension. For this example, we’ll presume that the term aardvark appears on the list of words for a BAM related to autos.
On the flip side, if I am thinking about Search Engine Optimization for my own site - and targeting those who care about what I sell, I want to make sure it is also optimized for the other terms they care about. So Volvo, might well consider including aardvark in its pages’ metadata.
It seems like there is a cost-per-proximal point that we could use there. Something that might be able to uncover under-bought words that cost less, but will draw clicks at only a slightly lower rate than directly-related words.
This should be a pretty easy hypothesis to test. Anyone game?