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If — as a trusted expert in your field — you're not giving a leg up to those hoping to match or better you, what other value do you give to those people?
Ultimately, it's all about how you theme and manage your 'blog.
But when I read what you've said, it could easily be interpreted as you saying you're not confident enough to endorse directly, so you do so indirectly by other means, in an effort to distance yourself...
When I get emails like, "We launched a new SEO tool, can you mention it to your readers?" or "I just wrote a post about XYZ, will you mention it on your blog?" those things being pitched must fit with content we're already planning on publishing or it's not getting covered.
However, if it's a great tool or a great post, I may bookmark, submit, post, etc it which may bring far more value anyway.
If what you got out of the post is that we don't like to link out - that's not the point at all. One would be hard pressed to find any post where we don't link out.
Or you just become another TechCrunch, which really wouldn't do!
But people offering up industry news can't constitute the sum total of messages you receive.
And staying within the context of the articles you write, dropping a valued link under some text every now & then won't harm anyone.
For me, citations are the new 'blogroll...
The e-mails, Facebook messages, and PR pitches become little more than requests for a handout, or free ride, and they can oftentimes be more harmful than beneficial. Continual requests become red flags that identify them as people in the industry to avoid, as their pitches show a lack of understanding of the industries currency system. Unfortunately, this behavior is far more common than the behavior of giving or paying forward which is as Lee stated, "only as valuable as the value you bring to the community."
It's simple principle. Those that give value, get value in return. The sweet thing is that this system of currency is set up for you to get more than you give, but as they say in the California lottery, you gotta be in it, to win it.