A Great Idea. On Paper.
bySeth Godin’s experiment in using humans as content aggregators has been taking a few rough shots lately. Squidoo is a site that offers individuals the opportunity to collect their knowledge on any topic, become recognized experts on the topic, and maybe make a little money along the way if their Lens gets enough traffic (I earned about $.02 myself so far, not ready to quit my day job). Michael Arrington has been the most vocal critic of Squidoo, writing on TechCrunch, “Squidoo may generate some content creation growth, but I don’t see it generating serious page view growth under their current model.”
I was fortunate enough to try Squidoo during its beta phase and, initially, thought it was a pretty good idea. I quickly realized, however, that there were too many people trying to be experts on the same topic and that if I wanted to make real money, I could install WordPress, get a Google AdSense account, and start writing (that is, of course, if I was actually an expert on anything). Why share my money with Seth when it is easy enough to set up my own site? Essentially, Squidoo is nothing more than a simple blog engine that allows you to add static content and integrate external feeds.
A recent post by Seth seems to seal the fate of Squidoo when he writes, “nearly all our visitors are first-time visitors.” I suppose that is a great stat to mention as long as you have a lot of visitors. At the same time, if you do have a lot of visitors and most of them are first-time visitors, it means nobody is coming back a second time. My guess is they probably headed off to some blogs that offered a better dose of what they’re looking for.
At a time when it is incredibly easy to have your own site, I have a feeling Seth might be about five years late on this one. But even the best have to make a mistake from time to time, don’t they?
Comments
Hi Phil,
I guess I wasn’t being clear, or I guess that I don’t understand your point.
Let’s say there are 100 repeat visitors to a site.
If that site gets half its visits from new visitors, that means every day, 100 new people show up.
Figure that some percentage of those people will turn into repeat visitors, and now you see a curve for growth.
Now, imagine that same site sees 80% of its visits come from new visitors (that’s Squidoo’s ratio). So that means you get 400 new visitors a day. If the percentage conversion is the same to repeat visitors, you’re going to grow a LOT faster, right?
So when I wrote, “nearly all our visitors are first-time visitors” I wasn’t saying, “we don’t have a lot of repeat visitors”, what I was saying was, “we have a lot of repeat visitors, but a huge percentage of our visitors are visiting for the first time.”
I think that means we’re growing.
thanks for reading my blog!
Thanks for clearing that up...when it’s put that way it isn’t quite as gloom and doom sounding (to me anyway). I’d like to see Squidoo succeed because it does seem like a good idea, I do see some hurdles in the way though. In fact I’m going to give it another shot myself and see if I can’t create a better lens than I have in the past.
Love your blog, read it every day.
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