A lot is being said about “free” these days, especially with the release of Chris Anderson’s book on the subject, but ever since I came online I’ve been interested in the economics of free, whether it was freeware, free music, or free information.

Story: I ran a series of free Mp3 downloads back in 2003 at mattborghi.com, and those downloads brought in more hits to my Web site than being featured on the nationally-syndicated space music program, Hearts of Space. To be fair, the program didn’t feature my music, exclusively, and no link was included to my site, but I thought that it would at least have generated some inquiries, and it did. However, I didn’t see nearly the response that I thought I would from that exposure compared to the interest generated by the free monthly download series.

It’s with that experience in mind that I released a variety of my long-form ambient music tracks to be freely available (some of which are from that monthly download series). Here’s the official announcement from my homepage at mattborghi.com:

Freely available Mp3s of long-form ambient works

I have freely released several hours worth of my long form works in mp3 form here, approximately a dozen tracks. Most of these tracks haven’t been available in quite a long time. Some go back as far as ten years and my early Mp3.com page, some were out-takes from records, and the 2003 series was a monthly download series that I did throughout 2003 during a particularly prolific period. I hope to add other long form works over started adding these tracks.

My reasons for doing this are two-fold. First, these tracks haven’t been available in a long time, and to me it makes more sense to put them out into the universe, where people can enjoy them, than let them take up space on my hard drive .

The second reason has to do with my how I measure the success of social media. Social media metrics and measurements are something that many folks talk about, and ponder but I think that good social media metrics aren’t in hit rankings or page views, but rather in how many people you are getting your ideas out to. The more people that download you free ambient music tracks, watch your videos, read your blog, etc… and comment on, think about, bring up in discussion, include in status updates or generally take an interest in your ideas is the best way to measure the success of social media.

That’s the gist of a post I read on Twitter this morning. I laughed out loud when I read that, because social media can be a real time suck, and I know I’ve used those words myself before.

The fact is social media is time and labor-intensive, worse still is if you don’t have any idea where you’re going, or what you’re trying to achieve. You can post on Twitter, Facebook, YouTube, write a daily blog, etc… but that’s hours of work, that needs to be done on a daily basis or at least a couple times a week. Without a plan or a goal there’s also no way to measure if the work is a success, and should be continued.

The fact that tools like Twitter, Facebook, and YouTube are free and blogs can be added to any Web site with little work, and no cost combined with the potential of these tools (to say nothing of the hype factor) has a lot of organizations eager to utilize them. However, because there’s no capital investment organizations aren’t prone to developing a plan or strategy for implementation. Often, I hear of communications managers, web designers, or copy writers inheriting the “social media” piece because organizationally they seem to be the best fit for it… equally often this inheritance comes with no plan, strategy or awareness of how much time the implementation, but more importantly the upkeep of social media takes.

I highly recommend that anybody getting into social media ask themselves what success would look like, then survey the time involved, and most importantly figure out whether there are resources to support it. Once you’ve got these in place then you start thinking about a plan/strategy.