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Not sure how to monetise your eyeballs?

May 3, 2010 By Dan Thornton Leave a Comment

While newspaper and magazine owners are still trying to decide whether or not they should aim for eyeballs or paywalls, there are several other companies who are happy to take up the challenge.

For instance, online social media publisher Mashable has signed a deal to syndicate content to Thursday editions of Metro in the U.S. Mashable founder Pete Cashmore is already a regular on CNN in the U.S, and Mashable and CNN. Plus Mashable has partnered with CNN for the Mashable Media Summit 2010.

It’s interesting to see that mainstream publications and online publications are increasingly merging, but the ‘digital natives’ seem less worried and more sure that they’ve already got the monetisation aspect under control.

One reason is that by the time the likes of Mashable and Techcrunch have reached their current scale, they have already had to answer the questions of how to fund an online business. But as they grew from relatively humble beginnings, they’ve tackled it as they’ve grown without having to worry about legacy systems and overheads.

And by the same token, if you look at the staffing levels – Mashable lists 20 staff, and Techcrunch lists 21.

Compare that to the epic lists of staff at most magazines, for example, and you can see a big contrast. There are print magazines run by smaller teams, but none that have the scale of the leading blogs (Or at least what started out as blogs).

So how do you produce so much content with a small team across all our properties? Simple, count the guest posts and the open offers to submit work to the likes of Mashable and Techcrunch.

Then consider a quote from the 2010 PPA Conference from the Chief Executive of Future Publishing, Stevie Spring:

“Advertisers are scared of the prospect of seeing their ads next to user-generated content. This won’t change. All it takes is one bad example to put brands off.”

That’s why sites which benefit from user-generated content are filtering and curating that content to get value out of it. There’s a reason why there are successful businesses based around user-generated content, but 4Chan isn’t one of them.

Buffer

Filed Under: Digital Publishing, Magazine Publishing, newspapers Tagged With: blogs, magazines, monetisation, newspapers, online media, publishing, ugc, user generated content

How much to launch a new title online?

February 7, 2010 By Dan Thornton 2 Comments

I’ve often wondered, and indeed directly questioned, why traditional publishers pondering new markets haven’t tested the water by launching an incredibly cost effective online trial for a new idea?

I suggested it quite a lot in the past – especially using external hosting and services to launch something for a total cost that’s less than a day’s pay for the lowliest of staff writers. And don’t claim that your market doesn’t use the internet – there are more than enough people from any demographic to give you a better idea of what they’ll do than a lot of panel-based research surveys of what people might claim they’d do.

How much would it cost?

Well some web hosting would cost around $60 for a year from a mainstream hosting provider.

A domain from the same place bought at the same time would be as low as $1.99 at the moment.

And having removed the potential roadblock of an uncooperative IT department, you might come up against problems getting design help?

Well, you could install WordPress and use a free theme.

Or, if you’re not happy and want something that comes with a more ‘professional’ look and guaranteed support, you can get a Premium, or Paid WordPress Theme for a good price.

For instance, for Online Race Driver, I went with the great Metro Theme from Studiopress (disc – aff links). The cost for that theme is $59.95 – or you can buy access to all their themes for $199.95. My experience with them has been good enough I’m looking to upgrade my membership shortly. One benefit is that although many free themes are supported by their developers and support forums etc, the paid option tends to provide a slightly better guarantee of service levels etc.

But anyway, the cost to test your next idea with a website that can be set up in about an hour or so?

About $121.

Add in free website analytics from Google, and even include your own advertising, or bung in some Adsense ads.

And that’s what I’d have suggested for anyone – there are cheaper options, such as hosted blogs, but they tend to lack a little flexibility, or the chance to test advertisers etc.

But then I found out about the Secret London Facebook Group. As reported on Techcrunch, it’s reached 182,010 members in a handful of weeks.

Started by a university graduate competing for an internship, it’s now becoming a startup with not only 180,000+ members, but already 5000 photos uploaded.

Total cost? $0.

I’m not saying that it will necessarily translate into business success, but it’s a pretty effective way of tracking interest – and Facebook Connect would allow most of those interested to also interact with any new website.

Whenever someone has an idea for a new publication, it might be worth pausing before you dismiss it – and instead investing some time and a tiny amount of cash to see if it might fly…

Buffer

Filed Under: Digital Publishing Tagged With: ideas, launches, magazines, newspapers, publishing, research

Hi Newspapers – can I join the party?

December 4, 2009 By Dan Thornton Leave a Comment

Having spent a long time looking at, reading about, and experiencing firsthand the changes happening to print and digital mainstream media publishing, it’s a bit of a shock to find out I’ve gone down completely the wrong path.

Until now, I was siding with the view that complaining about Google ‘stealing’ the news and sending worthless visitors was more a sign of ineptitude and fear on the part of a traditional business model and industry which hasn’t radically changed in 100 years.

But then it struck me.

I write and publish content on two blogs.

That content is indexed by Google, even if I’m not a major contributor to Google News quite yet.

Google also supplies a lot of the advertising that appears on both my blogs.

Plus most of my blogging time is spent in Google Reader and Googlemail.

So that means if the newspapers can look for concessions from the Government, Google, Microsoft, and anywhere else they can think of, then so can I!

I can’t wait for the campaigning newspaper companies to get in touch and offer to help me as well. I might even get a call from Mr Murdoch himself.

And if cash isn’t forthcoming, I wouldn’t say no to a few links sending some more visitors my way… I don’t mind trying to make money from a much bigger pool of people…

Buffer

Filed Under: Digital Publishing, newspapers Tagged With: blogs, google, magazines, newspapers, publishing

The two digital publishing models of the near future

December 2, 2009 By Dan Thornton 3 Comments

Two approaches to digital content creation and publishing are taking hold – and sadly neither of them are equivalent to the way most traditional publishers are set up.

The first is the ‘battery farm’ approach – as seen by aol. and several companies targeting content creation for primarily SEO purposes. Gather as many writers and journalists as you can keep in a warehouse, and get them to churn out as much content as possible for as many places as possible. And in the case of some companies, develop and use tools to see what people are actively searching for at the time to create the right content to capitalise on that interest (e.g. Yahoo).

The second is the ‘blogger’s niche’ approach. Start projects with just one or two people trialling an idea, see if it works, and if sustainable, built into a network model which can mean virtual offices and teams spread out wherever someone has an idea for niche content which could work. This is where you’re more likely to find great writing and insight in terms of longer, more thoughtful articles by people who can wax lyrically about their subject. See the likes of b5media, Techcrunch, Mashable, etc, etc.

The problem for traditional media companies is that they’re not geared up for either of these plans. They might have large numbers of content creators, but these people are grouped around specific products in the magazine industry, for example. The groups are too small to churn out content – and aren’t geared up yet for producing content for anyone else. Meanwhile they’re too large to use the network model – only the very smallest print magazine editorial teams are anything near compact enough, and even then the infrastructure and processes already in place mean it would be easier to scrap it all and start again.

This is all assuming a business model predominantly based on advertising revenue, which requires increasingly low costs in order to drive any profits. Other production method will exist hand-in-hand with different business models. But they will need to be created around the new business model, rather than vice-versa.

Buffer