Posted by Mitch Mitchell on Oct 17, 2011
After kind of being cajoled into taking a look at this thing, I finally decided to join Empire Avenue so I could get a sense of what it was all about.
What I was told was that it was a system that would help you measure your social media status because it would allow people to buy “stock” in your online performance. What it’s turned out to be is more along the lines of BlogShares, something I signed up for years ago, where people would buy stock on the progress of your blogs, with the intention of helping you get people to visit your blog and thus increase your visits and, ergo, your blog’s worth.
BlogShares seems to have fallen on hard times somewhat. I say that because it says I’m worth $146 billion (yup, you read that right) and I really haven’t done much over the years, and somehow when I went there a couple of months ago I didn’t even own any stock, including in my own blogs. It may or may not still be viable, and thus it’s probably how something like Empire Avenue jumped in and has taken off… to an extent.
Why do I say that? Well, I’ll say this; there are some fairly active people on the site. However, there aren’t as many people there that I thought I’d know. As a matter of fact, overwhelming people are buying stock into my site that I have no idea who they are. And when I try to find out more about them, I notice that many of them don’t even have websites, let alone blogs. That’s kind of freaky, but it’s not needed.
That’s because as long as a person has an account on Twitter, LinkedIn, or Facebook, they’re good. They can also have an account on YouTube, Tumblr, Flickr and a couple other sites and still be considered as legitimately taking part in social media.
I’ve been a part of it for two weeks now, and I’ll say this; it could probably be addicting for many people, and I know by reading some of the messages in the Facebook group for EA, as some of the folks call it (that makes me think of Electronic Arts so I probably won’t use it again) that some folks are taking it way too seriously. See, you buy shares in people whose stock price seems to be rising, just like the real stock market. But the other side of it is that some people will sell stocks if someone seems to be falling, and some of those folks are losing their minds thinking other people aren’t being, well, loyal. Y’all know how I am about loyalty, but it’s a game. And let’s face this fact; if you don’t know those people, then when was loyalty ever built?
To this end my stock price has risen pretty quickly, and it says I have a pretty good net worth. I think where I’m benefiting is that it lets you list up to 5 blogs and I have 5 blogs, 4 of which I write something fairly regularly. You earn a certain amount of points for every blog post; rather, they call them “eaves”, though truthfully I have no idea what this means.
For that part there’s a lot of things said on the site that I have no idea what they mean. And I guess it doesn’t matter. I’ll tell you this much. The site will give you a chance to get backlinks to your sites, including your blogs. You can check people’s About page to see if they have blogs, as some people will check yours, and if you’re lucky they’ll endorse your blog. If they actually visit your blog after that, it’s all good; I don’t endorse any blog I don’t look at first.
The site has what it calls “community pages”, which is more like lots of forum pages where you can join one for things that interest you. I’ve only joined two, one for Syracuse and one for books, and for now that’s all I’m joining because it’s hard following conversations; I don’t like that part, and wish it was more like a true forum where, if you click on the link that tells you someone responded to you or wrote on a topic you wrote on that it took you directly to that topic; nope.
I’ve also found that it’s hard to engage a person on the site. They have kind of an email system but I don’t want to use their email since I have my own. They also have what they call the “shareholder’s email”, which I think you have to pay for in either real money or eaves; I’m not really sure what that’s all about either but I turned that off.
In any case I’m hoping it might turn into something that actually becomes more social as much as a game, but I’m doubting it. I can tell you this; the site hasn’t cracked the top 25 for any of my blogs as far as referral traffic coming my way, which tells me that many people are endorsing my blogs but not visiting them. Hey, whatever floats their boat, right? If you go to the site think of it as a stock market game and nothing else, at least for now; then you might enjoy it for awhile.