Smaller Indiana

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So many people screaming "Content, Content, Content"

Do not get me wrong, I still value great content but the value is extremely low and is only going to go lower.

Many people are forgetting some basic economics, "Supply and Demand". With more and more people looking at producing "CONTENT" through video, blog post and pod cast we have to realize what is happening. More content is being produced than what is demanded. Supply goes up, demand(value) goes down!

So should you keep producing content?

This is a decision that needs to be based on the strategy of you and your business. You hear others such as Gary Vaynerchuk who scream you can produce some income based off of blogging (producing content) about your passion. Do not get me wrong it can happen but lets be honest if you do not ultimately have a product or service the content is not going to bring you income (granted some income will be made off of advertising. I have done it and have made a fair amount from my site www.socialmediadj.com).

I still believe you should produce content around your business and what you care about but you have to make it part of your strategy if trying to produce income. Just remember the content is not the "Value" you bring to your community. Your services or products you provide is what is important.

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Tags: Demand, Supply, and, content

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Comment by Colin Clark on February 7, 2010 at 12:42pm
@garyvee is right. Content is valuable is you are the absolute best. The best way to be the best is to create an extremely narrow niche. The narrower the niche, the less competition.

Secondly, I think frequency is the most important factor with content. Short, frequent blasts of content (whether video, podcast, or text), allow viewers to check in with you more often, because it takes less time to consume.

The other half is that obviously content alone is not going to be enough. You're going to have to couple your content with a distribution strategy.

I think the main argument that the 'content is king' crowd is making is that all the distribution in the world will be wasted on shoddy content that has little inherent value on its own.
Comment by Bill Bean on February 7, 2010 at 11:56am
I hear what you're saying. Mere content won't be enough. If you're products/services are no good, there will be no lasting success (effective content can fool people for a little while, think snake oil sales types).

On the flip side, content (including social media conversations) is what gives your product and service visibility. Best chance of success is having a good widget/widget service, selling it well, and taking care of customers.

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