That is the question of the day, isn’t it? With so much talk about whether or not this new service is the Wikipedia-killer or a threat to Squidoo, thought-leaders (and potential experts) everywhere have to be turning that question over in their minds.

I have to say, I certainly am. The problem is, Knol is such a new tool, even though Google’s done an admirable job trying to define how the process works and what a good product looks like, no one really knows what to do with it yet, much less what to think of it. That’s because what will really define Knol is user involvement.

And you better believe Google knows that.

In a world where content is king, Google’s new service simply can’t survive much less become a threat to anything without thoughtful participation from a crowd of established experts. The reason for this is simple: That’s the added value Knol supposedly brings to users – expertise.

Google’s position is that they are answering some of the problems with the totally open Wikipedia format. How? By having experts write the content.

Trouble is, to get as much content as they need for Knol to become a go-to web destination, Google doesn’t have – or most likely even want – any sort of system of checks and balances in place to define or even suggest exactly what an expert is.

The good news is that the beta group of Knol writers seem to be pretty well defined as experts (interestingly, most of them are in the medical field). But Google’s now opened up the service, so anyone can sign up for a profile and begin Knolling away – on basically any topic they so desire. Think you’re an expert at baking pecan pies? By all means, no one’s written a Knol about that yet, so take your best shot. It’s a wide open world right now. An appealing place to dump some time and effort into creating your authoritative masterpiece.

Oh, I shouldn’t forget to mention that Google has solved the anonymity problem by requiring Knol writers to verify not only that they are human but also that they are writing under their true name. Of course, this check may stop some in their tracks. The required info to identify your name includes phone number and address. So now, Google knows even more about you. And it’s verified. Will they do anything with this? The company says no, but time is all that will tell.

So for all your data and expertise, what do you get in return?

The answer to this question is a bit unclear at this point. But, the good news is, at least there’s something. It looks like Knol’s banking on the appeal of creating symbiotic relationships with content creators. You write free content for Google, and if it’s good enough content, you may become known as an expert. But just writing a Knol isn’t enough to win the expertise. The service anticipates (and I would think encourages) multiple entries on the same topic. So you’ve got to write the best content.

So how will your Knol become successful? Also unclear. According to Google, Knol is intended to help solve a search problem. So there’s not really any system of organizing or promoting Knol content right now.

There does seem to be the potential to direct traffic through links. Although there does appear to be a nofollow in place, so you can’t juice the authority of say, your own blog, even if you write a really killer Knol.

What you may get, if you write a good enough Knol, is some cash.

At this point, one thing you’re sure to get by writing a Knol is – practice at writing a Knol. In fact, by jumping in and writing a Knol, you may even become a Knol expert. And if Knol takes off like it could, this could be an interesting new industry/niche.

So, are you already brainstorming the topic of your first Knol, or are there too many unanswered questions at this point?

There it is. To Knol or not to Knol? What do you think?

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