It Ain't The Link, It's What You Do With The Traffic
from the sigh dept
But that's not what we're saying.
The link is a vote of confidence, but it's just a start. From there, you then need to actually do something with that link. Mishkin dismisses the value of the link by noting that most people who visit those aggregator sites don't click through. That's not news. That's the way it's always been, but that doesn't mean there isn't value there. On this, I can speak from personal experience. Over the years, we never worked that hard at building our own traffic (we never built a business that depended on traffic), but our traffic kept growing. Any time we were linked to from larger sites, some people clicked through, but we always knew it was a small fraction of the overall traffic to that originator site. But, so what? It's still new traffic that wouldn't have found us otherwise. On top of that, we knew that most of that traffic would visit us just that one time and not think to come back -- but again, that's fine. Because what did happen is that we started to build up our reputation.
So, no, getting a single site to link to you isn't that meaningful, and won't drive that much traffic initially (or even repeat traffic), but as you build up your reputation, and get linked multiple times in multiple places, and then build up credibility based on your content and your community then people start to come back. So, getting linked from a certain site once is meaningless. But as we would get linked multiple times, we'd start to notice that then our traffic would increase. It was a case of that other site helping introduce others to us, not because of a single link, but the combination of being linked to multiple times, along with having good content and good discussions -- and then people would realize that it was worth visting us regularly (or adding us to their RSS reader or whatever).
It's an ongoing process, but the fact that most people don't click through on a single aggregator link is meaningless. Those people wouldn't have seen the story anyway, but it may help build up the brand of the original site. And, I can assure you, over time, if you keep providing quality, that pays off.
The problem here is that Mishkin and others seem to think the value is in the single atomic story. It's not and never has been. Being unable to view the larger picture and the overall process misses the point. It's not the link alone that has value or the story alone that has value, but the overall process of building a community.