Tweet

What should Digg do?

Written by: Seth Godin

Article Overview: I've been thinking a lot about Digg and the other social news services.

What should Digg do?

I've been thinking a lot about Digg and the other social news services.

Start here: they have far more readers than writers.

I don't have access to the data, but I'm betting ten or twenty times as many people read the Digg list as post to it.

Which is just fine.

Second: there's no way they will ever make a profit from their readers. That's because
a. more and more will find the hotlists in places other than their site
and
b. people reading the hotlist are unlikely to be swayed by an ad.

Think about reading the Billboard charts or the Amazon bestseller list. That's a very goal-directed activity, and the goal isn't necessarily to find something that's NOT a bestseller. People skip the ads on the bestseller page, but read the ads in the classified section.

But that's just fine too.

The reason?

Third: the Diggers, the posters, the surfers... these are very highly-leveraged people. Call them the Legion of Super Surfers. Okay, bad acronym, maybe not. Call them the league of the leading edge.

The leading edge has always been important. Now, though, since they have a megaphone, since Digg and the others are amplifying their movements, they are far, far more important than ever before.

And that's Digg's asset. They have aggregated the league.

So what now?

Get permission.

Get permission to fead the League tidbits about the future. The reason they are Diggers is that they like being first, they like discovering cool stuff and then sharing it. So organize that process and monetize it.

Here's what I would do (two alternatives)

1. Say to every Digger: here's our FirstLook RSS feed (or sign up by email). Every two days, we send you a link to an article, a new product, a political idea--whatever topic you tell us you love.

Then, go to the teeming masses of marketers out there and invite them to nominate their new ideas, their new posts, their new sites to your editor. The editor picks the ones that are good enough, that make the cut. Figure three or ten or a hundred a day, depending on the demand. Once demand goes up, charge $20 just to submit one, so the editor can hire a squadron of assistants.

Alert the marketers that have something worth of distribution. Let the others down easy. Now, let the ones that qualify bid against each other. High bidder gets first billing, top five bidders make the list.

Alert the 500 or the 5,000 or the 50,000 Diggers that signed up. They see a list of things that might be tomorrow's big news. They digg the ones they love. Marketers save millions and months. Digg makes a fair profit and becomes a key powerbroker in the launch of the new. Diggers who choose to get to see a commercial glimpse of tomorrow (the same way reporters choose to look at press releases from the right media outlets).

2. The other alternative could happen tomorrow. Build a Squidoo lens or a blog for Legion members. Figure out how to assemble a thousand or even 200 like-minded diggers. Have them sign up and give you their email address. Use the RSS feed of the lens to keep your members up to date. Now, instead of finding readers for your "ads", you find ads for your readers. Every day or two, your post goes out to your members. Every day or two, you make a hundred or a thousand or ten thousand dollars from someone who had a story worthy of being distributed.

Obviously, neither approach works if you sell out. Neither approach works the minute you stop representing the interests of the League. Take a lot from Zenith or Quasar to push some lame device and you fail.

It's pretty clear to me that this is the moment to build an asset like this one, one that could last for a long, long time (maybe even five years!).

Related Articles
  Social Bookmarking Sites: Why Using Them to Build Backlinks
  Digg-You Might Want to Digg a Little Deeper
  Have You Been Dugg?
  Social Media Spam
  Social Media Sites Draw Customer Sales

Article Tags: acronym, amazon bestseller list, billboard charts, classified section, cool stuff, digg, digger, firstlook, hotlists, leading edge, marketers, megaphone, news services, political idea, posters, social news, surfers, twenty times



Related Forum Posts
Social Media & Digg, Google, MySpace, and YouTube - Conversation about Google and their search engine dominance, creating websites to their standards, ranking high, SEO, AdSense, keyword optimization, Google WebmasterTools, Checkout, and anything related to helping develop social content-media-networks-etc. Social bookmarking and network creation with Digg and Ning. Anything related to developing communities of people with similar interests. Share websites that work well with these companies, ideas on the Webs future, and your Social Media related profiles with Digg, StumbleUpon, MySpace, Ning, YouTube etc.
Digg... - Well, in one way it was bad - site down for a day.... and in one way it was good, in that it proved that Digg is a viable way to get news out about one's website.
Re: How should i promote a new website? - I agree, blogging and article marketing can help get you much more targeted traffic to your website. Also make sure to submit any blog posts and articles to web 2.0 sites such as Stumbleupon, Technorati, Delicious, Digg etc. Take care, Carol
Re: From $0.30 to $300 / Day on Google AdSense Part 1 - How To M - You definitely have to pick the right niche/keywords for Adsense and you can't be getting all social traffic (Twitter, Digg, Stumbleupon, etc...) because that type of traffic will get you smart priced very quickly and you won't make jack from their clicks, if they ever click at all.
Re: Blogging For Promotion - [size=150:104y47iq]Your blog can get added traffic if you add it to Social Bookmarks such as Digg or Buzzup. Also add revenues with Good Adsense.[/size:104y47iq]


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Top 5 Qualities in an Outsourcing Company

Living on The Edge of Chaos...

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.