Participation is the new Location

Wed, Aug 20, 2008 Posted By:Eric Friedman

Marketing, Marketing.fm, Technology

“Location Location Location” that is the old saying you used to hear about real estate, setting up a business, owning a restaurant and just about everything else. This mantra even migrated to the web during the dot com boom when everybody needed to have an easy to remember domain name.

In today’s world participation is the new location. You no longer need to have the best real estate, whether virtual or brick and mortar, to have a successful business. What you do need is the ability to participate. Whether you are participating at your own site or at another community site, your voice is becoming an essential piece of your companies success. It is no longer simply about throwing up a static website – you need to be a person proactively participating with your current and potential audience.

Domain names with generic terms and type in traffic are not performing like they used to. Advanced linking algorithms take into account the old ways of “cheating” the system and content and activity are playing a larger role. The other great part about this movement is that participation breeds more participation. I cannot tell you how many times I have written a post, that once it gets one comment many will follow. Many posts have either zero comments or multiple conversation threads.

This is happening in the form of content aggregation but also comment aggregation. These services also promote your participation by having a unique login that works across multiple sites. I have found that when I am on a blog or other site that already has me logged in I am more likely to comment – and I am not alone.

The underlying architecture and glue that is keeping the web moving is the conversations that start to occur once someone has sparked the meme on their blog, comment, or micro-blog location. What follows is certainly a new sum of its parts. Links from Twitter, images from Flickr, new thoughts on Friendfeed, and many other services are all weaving the participation web.

All this can be summarized in perpetuating your own personal brand and reputation via these services. You can no longer stand on your own (blog) podium and expect others to show up – you have to get out there and be heard. Your brand is now the sum of its parts which extend well beyond your storefront or domain.

/rant

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This post was written by:

Eric Friedman - who has written 646 posts on Eric Friedman – Marketing.fm.

Analyst at Union Square Ventures, blogger at www.marketing.fm and operating experience within SEM, SEO, and Social Media. You should follow me on twitter @EricFriedman

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  • In any kind of business, location is really important.. The location must suit on your business.. A good location must have the needs of your business.. It is also important to advertise and market your business especially in real estate.. Nowadays they use social media as a tool in online marketing..
  • Especially for younger consumers, participation is the new consumption. For these creatives, status comes from finding an appreciative audience (in much the same way as brands operate).
  • I was raised with a father who is a 'real estate evangelist' and I bleed location! Now that I do web stuff this post really hits home. Solid post and I'll definitely be following your stuff!

    Check my stuff at http://ryanagraves.com

    Also, I'd love to chat with you sometime about your work at USV and what it is like to be young and in VC. Hope to chat soon!
  • Will do. Thanks for coming by.
  • This is a fantastic post. I'm stealing from it for a meeting tomorrow right after I comment. Okay, here it goes. Apple + C...
  • Nice Seth :)
  • Eric,
    Great post. I was thinking about this all of last week. Since "Your brand is now the sum of its parts which extend well beyond your storefront or domain", I believe a company or service that can effectively aggregate your web presence, will be a game changer. Disqus does the best job of the services I've seen, so congrats to you guys at Union Square.
    Dan
  • I was using the Disqus system before joining USV and can honestly say that I
    think its great. Seeing this service active within a blog post encourages
    me to contribute simply because I do not have to login to another system or
    verify another identity.
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