Assessing the value of a blog
August 20, 2006
I had a discussion last week with another sourcing specialist about whether it was better to reduce tender submissions to a weighted result out of 10 or to a dollar figure. My preference is to work with my clients to assign a dollar figure to intangibles such as risk of moving from the incumbent to a new supplier and to display a single dollar figure for each respondent. Of course, assigning dollars to intangibles is more art than science and generally uses some largely unsubstantiated theory to arrive at the result.
I’m happy to see that someone has developed a similarly unsubstantiated mechanism to assign a value to blogs based on applying the link to dollar ratio from the AOL-Weblogs Inc deal. Congratulations to Dave Stephens and Dave Bush whose blogs are worth more than three times mine and to Michael Lamoureux whose blog, after a prolific couple of months, is valued the same as mine. And further congratulations to Jason Busch who’s streets ahead of the rest of us.
Entry Filed under: Cost Analysis, Procurement, Vendor Management. .
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1.
Dave Stephens | August 22, 2006 at 2:51 pm
hunh.. 15k.
i better not spend it all at once.. any idea how to get the check LOL.
2.
hudgeon | August 22, 2006 at 11:28 pm
Damn, you’re right! How do we collect? … I’ve already spent my $5K.
3.
Matthew W. Grant | August 23, 2006 at 4:31 pm
Thanks for posting this one, Doug. I shared it with my fellow bloggers at Know More Media and I know that we are all going to have a lot of fun with this one.
Maybe someone will direct some “old-media/big-money” types our way now that we armed with this tool!
4.
Michael Lamoureux | August 29, 2006 at 4:11 am
Well, it’s been a week, and there hasn’t been much change. But there is definately a correlation between the assigned value and the blog rank. Here’s the sourcing-six table as of today:
Technorati ratings
Rank Worth
Spend Matters 56,420 26,533.38
eSourcing Forum 92,133 16,936.20
Procurement Central 99,303 15,807.12
Supply Excellence 160,193 10,161.72
Sourcing Innovation 244,081 6,774.48
Vendor Management 291,458 5,645.40
———
81,858.30
Just need to collectively improve 22.17% and we’ll collectively be worth over 100K! Maybe David was right … maybe we need to get more political or economical … I’d certainly like the 1M valuation. Oh well …