Today I read three posts on different blogs about Squidoo. (I ended up only writing about one of them.)
The first, by Michael Arrington, is at Squidoo: Seth Godin's Purple Albatross. His main thesis is that if Squidoo is not successful, Seth Godin will lose "credibility as an expert in product marketing." Michael then points out two main reasons why he believes Squidoo will not succeed. First of all, Squidoo lacks the authority of sites such as the wikipedia, which is created and edited as a community. Second, the income levels at Squidoo are not enough to bring in experts to create lenses.
I disagree on both points. Although individual lenses are not created by a community, the overall Squid-space is. The lenses are then ranked by factors which include the number of links, the amount of incoming traffic, etc. The better and more reliable lenses will float to the top and become the ones on which people rely. So there is a mechanism for fact checking, etc. In some ways it is just more competitive rather than collaborative. This is the same mechanism which makes some blogs stand out more than others. I think some established bloggers have forgotten that.
It is true that very little money has been made so far. I received a paypal transfer of 34 cents this month. But people forget that Squidoo is less than a month out of beta-testing. During the beta test they raised $1537 for charity.
Michael's second point is also supported by this graph of Squidoo's "Daily Reach" found at Alexaholic:
(Image deleted. It turns out fuzzy now matter what I try. I'm definitely not an html expert. The link works.)
Although he says the graph is flat I see a different picture. There was obviously a lot of interest when Squidoo was first launched because of the big jump in December. I suspect that this big jump was primarily because of Seth Godin's reputation. Everyone wanted to see his latest venture. In the following months the interest decreased. This was probably the period when new modules were being developed, bugs were being worked out, etc. People may have been disappointed given their initial high expectations. I think the more important trend is between mid-April and now. Between the low point in April and now, the reach has approximately doubled. (The graph I have exaggerates the increase a little due to the smoothing done to the data. For an un-smoothed graph go here.) Mid-April is important because that is when Squidoo came out of beta testing. If it continues to double every month Squidoo will be HUGE. (And I don't shout over very many things.)
I think Squidoo will continue to grow because from now on people will be drawn to Squidoo because of the idea, not Seth Godin's reputation. I hope Seth isn't offended but I had never heard of him before I learned about Squidoo. I am not in marketing or full-time blogging. But I am an expert in a few things and I think Squidoo is a great way to communicate my expertise.
Other blogs which have similar comments as Michaels can be found at:
9rules vs. Squidoo
I too had never heard of Godin before learning about Squidoo. However, I disagree you with you on your assenment of Squidoo, but it's not a lack of good content that will be Squidoo's demise. Squidoo is cluttered with a tons of useless lenses, just like Cafepress is cluttered with poorly designed t-shirts and stolen content. But it does have some dedicated hobbyists who invest time and energy into their lenses (presumably, because they don't have the wherewithall to create and run their own blog). What I think will hinder Squidoo's progress is that there is little reason to visit Squidoo over a site like Wikipedia, or any of the other web 2.0 websites. I mean, have you ever visited Squidoo for a reason other than working on your own lens? I haven't...
Btw, here's my lens on the topic http://www.squidoo.com/squidoo_sucks/
Posted by: Alex | April 22, 2007 at 11:50 PM
I just started a Squidoo lens today for my Crohn's Disease Forum. I think it has some potential at being an affective advertising tool, but really do not know what to expect yet. I think that Squidoo is a great idea, but it may be a bit too ahead of its time. I do not know if users are ready to support it yet (even though I see it as being something a lot of people can use to benefit from). I think another problem is that there is really no seperation from users/visitors and content creators. This means it is easy for a user to see the monetization possibilities behind each lens. I think this makes the user less trusting of Squidoo in general.
My lens can be found at www.squidoo.com/crohnsforum.
I would like to know what your lens is (to see how you have used it effectively to promote this blog).
Posted by: Mike | October 26, 2006 at 07:22 PM