What’s The Value of a Digg?

For those of you who are impatient, here’s the punch line. On average, a single digg increases traffic by 0.10%. So a story that gets 3,000 diggs results in an increase in total traffic to the referring site by 300%. Now for those of you who want to know the entire story, read on.

All too often you see websites going down to do the “digg effect.” There’s even a wikipedia page for it (though for some reason it’s titled “Slashdot effect”). You also often see comments on digg like “only 84 diggs and it’s already down!” promptly dugg down because, as other observant commenters point out, “you’re an idiot, 1 digg <> 1 click.” This is, of course, due to the fact that you get plenty of free riders on digg (yours truly included) who read tons of stories but never digg them up.

This led me to the obvious question: what then, is the value of a single digg? In other words, how much traffic is generated from someone digging a site? With the help of the digg API and the ALEXA data service provided by Amazon I decided to answer this question.

Here’s what I did:

1. I picked some random date in January (the 12th if you’re curious) and worked back in time (to Oct 6, 2007…again for no particular reason), collecting basic info on 5,794 stories that were “popular” (made it to the front page).
2. ALEXA only provides pageview data for the top 100,000 sites on the internet (as per them), so I checked the list of sites I collected against their database and came back with 1,999 stories that I could follow.
3. I then collected all the digg histories for these stories as well as the pageviews (from ALEXA ) for each website 7 days prior and following a digg submission.

The idea was to use the ALEXA data as a proxy for total pageviews and compare that to the digg rate per story.

First, some basics info:

As per ALEXA, a pageview reflects 1 user per million. So we don’t have the exact number of people visiting a site since we don’t know how many users are out there, but we can easily track % changes. It wouldn’t be fair to group all the websites together since the impact of a digg for a large site (say mozilla.com…currently ranked the 44th more visited site on the net) is likely smaller than for a small site (say anonymousprof.com…currently far from being ranked) due to their large difference in existing traffic. To combat this problem, I created buckets for website size based off of the distribution of my sample (see below).

digg_histogrampagiews.gif

This resulted in the following groupings:
Small Size: 5 or fewer pageviews/million (n = 664)
Mid Size: 100 or fewer pageviews/million (n = 831)
Large Size: the rest (n = 504)

It’s also reasonable to assume that stories with different overall digg amounts should have different impacts on traffic. Following the same procedure I made 3 more cuts at the data.

digg_histogrampdiggs.gif

Small # of Diggs: 700 or fewer (n = 714)
Mid # of Diggs: 1500 or fewer (n = 819)
Large # of Diggs: the rest (n =466)

Now to the fun stuff. For all of these analyses I will show three different sets of data, one for each of the website sizes previously specified. I tried pooling everything, but the charts become incomprehensible.

Let’s start with the number of pageviews for the 15 day period starting 7 days prior to a post and 7 days following.

Each line represents a bucket of digg sizes. For example, the black line represents all stories that had a maximum of 700 diggs throughout their lifetime.

digg_large.gif

We see that small websites clearly benefit from being dugg and, not surprisingly, the bigger the story on digg (the more total diggs) the greater the increase in traffic. This is less true for the medium sized sites, and, apparently, not true at all for the big guys. None of this is surprising since we would expect smaller sites to benefit the most. The big guys are already getting lots of the traffic that would have come from digg.

The problem with the previous charts is that we don’t really get to see the value to the sites because we don’t know what a pageview/million really is. Instead, let’s look at the same data but as % gain per day. In order to do this we need a reference point and so we will average the pageviews for the 7 days prior to the story appearing on digg and assume that that is baseline traffic. We then compute the gain per day relative to this baseline and look at the % difference. I’ll also include the total # of diggs per day on the secondary axis (dashed lines) so you can see exactly where the traffic is coming from.

digg_smallgain.gif

digg_midgain.gif

digg_largegain.gif

Here we can clearly see that the benefit to smaller sites is greater than for larger sites. Interestingly, large sites seem to suffer from stories that don’t get too many diggs. I suspect this is just noise, but worth noting nonetheless.

So far, I have yet to answer my initial question: what’s the value of a single digg? The simple computation would be to sum the total gain in pageviews and divide that by the number of diggs (as I did in the opening paragraph). However, that would be misleading because the effect should be different for different sized sites. Also, because the frequency of digging goes down with time, each additional digg likely reflects a larger increase in traffic. So let’s plot the gain in traffic/digg by size of site across time.

digg_smallvalue.gif

digg_midvalue.gif

digg_largevalue.gif

Pretty cool! For small guys, the value increases with time since the denominator (# of diggs) falls quickly. This makes sense if we look back a few charts and notice that overall traffic dies down by this point. So for every digg late in the life of a story we see a large % gain. The mid size guys are all over the place, but we can still see that, on the whole, each digg helps a little bit. What’s really surprising though, is the value of a digg for large sites. It’s negative! I’m not sure I have a good hypothesis for this one, but I’ll be glad to hear some in the comments.

Finally, we can ignore the time difference and just collapse the value of the digg by website size and digg size. (error bars reflect standard errors)

digg_allcomparison.gif

We see here that, as predicted, the effect of a single digg is greater for smaller sites than for larger ones. In fact, the overall benefit for large sites is pretty much non-existent. Sorry Gawker. And, like I said at the outset, the overall effect is 0.10% increase in traffic per digg.

What’s also interesting is that it doesn’t appear that getting a tremendous amount of diggs helps that much more than just getting a lot of diggs. It looks like hitting the front page is all that matters. Once you’re there, there’s little difference between having 800 and 5,000 diggs.

Of course, there are some clear limitations to this analysis:

1. Because Alexa only has data for the top 100,000 sites I can’t see the effect of digging a really tiny site like mine. Though if this story hits the front page, I can give you an even more detailed analysis using my own data.
2. I’m only looking at stories that hit the front page. What about all those stories that never make it? Clearly they lead to traffic, but how much? That’ll have to be the topic of another discussion.
3. I don’t know what a pageview/million really is, so it’s hard to say something like: “1 digg = X clicks.” The best I can do is calculate a % gain.

If you have thoughts on how I can improve this analysis, please leave me a comment. I spent a lot of time working on this, but I’m sure it can be improved.


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4 Responses to “What’s The Value of a Digg?”

    1. Jose Quesada February 21st, 2008 at 6:01 pm

      Fantastic analysis. I was wondering about the value of a digg too.

    1. Phil February 28th, 2008 at 1:45 am

      What are you using to generate your graphs?

    1. Anonymous Prof February 29th, 2008 at 2:11 pm

      Hi Phil,

      Nothing fancy. Just Excel.

      -AP

    1. 2 Million Dollar Bills » Blog Archive » How To Use Digg To Get More Traffic May 2nd, 2008 at 12:13 pm

      […] If your still not convinced about the power of Digg read this article, it  should convince you, What’s The Value of a Digg? […]

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