Are you a follower or a leader? Does it even matter these days? My own answer may vary depending on if I’ve had my morning caffeine fix or not. Social networks, blogs, and embeddable video sites are all groundbreaking ideas, but is there room for one more?
As a search marketing professional, it's my responsibility to pay close attention to online trends. I do this by listening to my fellow coworkers, monitoring industry blogs, and watching how search engines alter their ever-evolving algorithms – something that both plagues and keeps search engine marketers in business.
Changes come in waves, with imitation following innovation. It’s the one seemingly constant element in online trendspotting. First comes a breakthrough website that shakes up the industry. Months later, another company grabs their loose coattails, hoping to hitch a ride on the latest zeitgeist.
Who can blame them? With mainstream web sites looking to garner hundreds of millions of dollars for 1.6% share in a company, it pays to follow the leader.
MySpace vs.Multiply. Digg vs.Propeller. Dare I say Archie, Jughead and Veronica vs. Google? We're all looking for inspiration and reinvention.
A fortune, big or small, is up for grabs, and the next big idea may sign your ticket to a cheeseburger in paradise. Personally, I'm a major proponent of examining competitors. If you're pressed for innovation, use them as an example, and improve upon the core concept. Is there a flaw in their design? Can the idea be expanded? Remember, a great idea is more than just a copycat; you have to add value.
What spurred this post is the recent decision by the entrepreneurial resource site Inc.com to launch IncBizNet, a potential competitor to the popular business social network LinkedIn.com. While still in beta, IncBizNet is poised to follow the same successful beaten path as LinkedIn. It has labeled itself a "networking community for private companies," and I can’t help but think that I’ve heard this before. Of course, I wish them well, if only for the additional option it may provide me in a specific search vertical.
And that’s just it. The silver lining of these “me too” communication channels is increased segmentation for marketers. So bring on the imitators. There’s certainly room in my marketing plan for newcomers.
Article by Dan Coe