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Goodbye Google PageRank. Hello Google PageRate.

I am surprised that this has not broken out a lot yet. Personally, I feel that this may have grave implications on a lot of the business industry… from the domain industry itself, to even services such as Text-Link-Ads as well as ReviewMe, which determine the worth of a blog/site by usin Google’s PageRank as one of their metrics. For those of you that are wondering what’s going on, well, Google has decided to end its PageRank system. It will be substituting it with a PageRate system (which is in fact very much like StumbleUpon’s system. Here are some of its features:-

In a nod to Web 2.0 and in an effort to make the Google experience more user-centric, Google will end the system of assigning each web page a Page Rank based on an algorithm of links, quality and popularity. Instead, each page will have a Page Rate assigned by the readers.

Page Rate will be established by the installation of an attractive voting widget on each page allowing readers to click either an up or down arrow to show approval or disapproval of the page’s content. After clicking the arrow of choice, the reader will be prompted to leave a comment about the page they just voted for. While all users are allowed to vote, only those logged into their Google account will actually have their votes counted or be allowed to comment.

Float It

Google users will also be able to go to the new “Float It” site where they may rate sites already rated by other Googlers. Once on Float It, readers are encouraged to examine pages other Floaters have submitted and vote to either “Float It” or “Sink It”, thereby helping to bring exposure to the truly deserving web pages.

Trip Over It

Another method of finding pages to rate will be by using the new Google Toolbar With TripOverIt. The new toolbar will have a TripOverIt button integrated into it as well as a window showing the current page’s Votes and Floats. With the toolbar installed, the user may click the “TripOverIt” button and be taken to a random web page to vote on. The user need not worry about selecting categories or preferences because the toolbar will also track their surfing habits and only serve up the kind of pages they like.

There are more details about the system itself on my blog post… actually… if you do a search on google for “google pagerate” (with or without quotes), you’ll get this link below as the number one search result rofl. =)

Anyway, I would suggest that you take a look at the complete article here : Make Money Online | AnthonyJudeLawrenceDotCom | Google PageRate | Earners Forum Blog