Ian Lurie // Aug 6 2008
I just realized we’re in an SEO bubble. There’s been an explosion of SEO consultants, companies, books, conferences, etc.. Everyone’s cashing in.
Then, of course, I did some checking and noticed I’m about 6 months behind other bloggers who pointed this out in late 2007.
So, I thought I’d fast forward a bit, and ponder how this lovely, cash-filled bubble will eventually pop. I have three theories. Let me know what you think:
As more and more companies move their SEO practices in-house and SEO techniques become common knowledge (cough), SEO firms will find fewer large clients. The bigger agencies will either adapt and learn to work with many smaller accounts or die.
Why I’m right: More companies are moving their SEO teams in-house.
Why I’m wrong: I recently spoke to someone who thought you could pay someone at Google to rank #1 in the organic rankings. He didn’t hire me because he thought I was a moron. Clearly, we’re in no danger of SEO becoming ‘common knowledge’.
A severe economic crisis so hampers corporate marketing budgets that they slash everything, driving us poor SEOs out of business. By the time everyone picks up their heads (and wallets) again, other marketing possibilities exist. SEO is less relevant, and I end up running a bicycle shop.
Why I’m right: Haven’t you read William Gibson? The end times are upon us!
Why I’m wrong: In 1929, the Great Depression killed many agencies. But many others survived, flourished and are still around today (if a bit crusty). Even our current President can’t kill the economy as badly as the Depression did. So I don’t think we have to worry about this one.
The industry shakes out. While many rip-off artists stick around, even more go away. Competent individuals move to agencies or continue as consultants. Corporations become smarter consumers of our services.
Why I’m right: This is already happening. Internet marketing and SEO are in their adolescence. It’ll last a little longer. But our clients are increasingly savvy, and they won’t tolerate lousy results or service for long.
Why I’m wrong: I’m not wrong on this one. In spite of some spectacular examples of ripoff artists making it big, they’re getting caught, too. The industry is slowly, painfully coming of age.
Am I nuts? Are we headed for a horrific crash? Should I go take a bike mechanic refresher course?…
Ian Lurie is founder and CEO of Portent Inc., an internet marketing agency that has provided internet marketing, including PPC, SEO, social and analytics services, since 1995. Read More