Posts Tagged ‘online subscriptions’

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How publishers can profit from digital media

Monday, May 3rd, 2010

Digital editions, e-readers, ipads, mobile, video…for print-based publishers are they all a way to get sucked into creating expensive content for a small audience that is reluctant to pay?  Or have some pioneering publishers found a clever route through the hype to drive real value?  I chaired a meeting earlier this week with a cross-section of specialist media owners and digital media gurus that made me think there were some potentially profitable options available.  I was planning the “profiting from digital media” session at the Specialist Media Show conference.  Our host was Ben Greenish, MD of the Spectator, and we were joined by Graeme Gourlay, MD of Circle Publishing, Peter Houston of Advanstar, Mark Stubbs of Pixel Mags, Graham Duffill of the Digital Publishing Company, and Fiona Ryder of Stream Exchange.  You can hear them all speak at greater length at the Specialist Media Show on 25 May 2010, and even question them youself, but here’s a taste of how they feel small specialist media owners can use digital media to advantage: (more…)

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Posted in b2b, business strategy, consumer, content, marketing

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Growing an online content business through building trust

Sunday, March 21st, 2010

Traditional and digital publishers alike are grappling with how to build a profitable business around online content.  But the old model of ad-funding isn’t enough anymore.  I believe that specialist publishers can learn from the experience of small niche digital publishing entreprenueurs who have built businesses around online content.  Miles Galliford, one of the founders of SubHub, an online platform for niche publishers,  is currently writing a book on this subject called the Funnel of Trust.  It details a step by step approach to building multiple online revenue streams that seems to work for a wide range of content entrepreneurs.  I have read a pre-publication draft, as Miles is speaking at the Specialist Media Show on 25 May 2010, which I am organising, and he has kindly given permission for me to summarise his first chapter here.  You can get a free PDF of the first chapter if you register to attend the Specialist Media Show.  If you book a ticket to the conference you will get a copy of the final book on the day, hot off the press!  Here are the key steps to profitable online content publishing: (more…)

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Posted in b2b, business strategy, consumer, content, events, news

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What online content will people pay for?

Thursday, February 4th, 2010

All online publishers, whether they have a traditional print business or not,  are busy searching for the perfect online business model. The consensus appears to be that they need a mix of free content to attract users/readers/customers, and some premium paid-for content. But how can they categorise their content to work out what can be charged for? I’ve assembled five categories, based on a range of examples from traditional and online-only publishers. I’m indebted to Miles Galliford of subhub, whose post on this topic is worth reading, and also to Iain Nicol and Mark Bishop who contributed to the discussion on the Specialist Media Network.  So what content will people pay for? (more…)

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Posted in b2b, consumer, content, marketing

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Innovation from specialist media pioneers

Friday, January 29th, 2010

While mass media and newspapers struggle to find new business models, independent and specialist media are quietly innovating and finding new ways to beat the UK recession and expand internationally.

The Media Pioneers awards have just been launched by the organisers of the Specialist Media Show, to recognise and celebrate entrepreneurial thinking among independent and specialist media owners. Here are the stories of the first five award winners: I hope they inspire you. Get the updates on the latest award winners on the Specialist Media Network on Linked-in; they’ll also be published here and on the Specialist Media Show website. At the show the finalists will be judged. (more…)

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Posted in business strategy, consumer, news

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Paid content options for b2b publishers

Thursday, January 21st, 2010

There’s been a flurry of announcements recently about b2b publishers setting up paid content models.  Construction News have put subs-only content behind a pay-wall; Paid content is investigating paid models, and the New York Times has announced it is moving to a metered model.  After the initial focus on newspapers, it’s now the specialist b2b publishers who are testing out new approaches.  The recent closure of Media Week shows that the old model of a weekly magazine filled with news and gossip and a few surveys and opinion pieces just doesn’t stack up.  Most business people are now plugged into a community that circulates industry news through email, blogs, linked-in and twitter.  Where b2b publishers potentially have an edge is in using their knowledge and contacts for creating lead generation or trend forecasting services, or providing useful tools that help people do their job better.  A great example is Emap’s WGSN, who can charge £15k for trend forecasting services.  Here are the main paid content business models that b2b publishers appear to be using: (more…)

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Posted in b2b, business strategy, content, news

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2010 priorities for media owners

Tuesday, January 5th, 2010

Now that 2009 is a rapidly fading bad dream, it’s time for media owners to look ahead and set their priorities for 2010. Based on the businesses that I have seen succeed in the last year, and the trends in how people consume media, here’s my take on what needs to be on your to-do list for the next 12 months. (more…)

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Posted in b2b, business strategy, consumer, content, events, marketing

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Subscriptions v micropayments: which way forward for online publishers?

Saturday, November 21st, 2009

Online publishers, whether they have a heritage print business or not, are all convinced they have to find ways to charge readers for their online content and services. For newspapers, who have seen their ad revenues tumble, it’s a matter of survival.  But how to work out the method of charging and the price the market will bear? There’s plenty of contradictory research out there, with paid content’s survey implying subscriptions are preferable to micropayments, while continental’s recent survey says the opposite, and predicts the rates will be in pennies. But most of these surveys focus on news, which to my mind will mostly have to be free. So what guidance exists for the “ordinary” consumer or b2b online publisher, who isn’t a national news organisation?  I think that the surveys are misleading, as they are testing a hypothetical decision. Better to track what other publishers appear to be charging for different packages of content. Assuming all general news has to be free, here are 5 other categories of online paid content: (more…)

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Posted in b2b, business strategy, consumer, content

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First signs of successful online content subscriptions

Tuesday, September 22nd, 2009

The paid content debate has been raging for months in something of a vacuum of facts, but today three news items made me think that the future is more likely to be about regular subscriptions for the hard-core rather than a series of micropayments for individual pieces of content.  See my earlier post on opportunities for niche online paid content for some tips for publishers considering this move. (more…)

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Posted in consumer, content

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Future business models for media and content

Thursday, June 25th, 2009

I’m contributing to the Media Futures conference next Friday as part of a discussion on future business models for media and content.  This post sets out some of the ideas I will be exploring in more detail at the conference.

The “old media” business model

This was based on clear distinctions between platforms - print, TV, radio - each of which required scale to manage the means of production and distribution.  Licensing in broadcast further raised entry barriers.  Media businesses controlled access to consumers and charged advertisers a premium.  Consumers  relied on media brands to edit choice, and paid a premium for the privilege.  Media businesses were mini-monopolies, could dictate cover price and ad rates, and reinvested their profits into quality editorial.  The benefits of scale (print, production, newstrade negotiations…) encouraged acquisition of independents into large media groups - Emap famously did this in magazines and also radio; Newsquest and Johnston Press in regional papers. (more…)

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Posted in b2b, business strategy, consumer, content, opinions

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