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	<description>Cultivating sales channels. Monetizing content.</description>
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		<title>Sales of digital content improve thanks to some new tools</title>
		<link>http://www.themarketfarm.com/2011/12/15/sales-of-digital-content-improve-thanks-to-some-new-tools/</link>
		<comments>http://www.themarketfarm.com/2011/12/15/sales-of-digital-content-improve-thanks-to-some-new-tools/#comments</comments>
		<pubDate>Thu, 15 Dec 2011 14:42:06 +0000</pubDate>
		<dc:creator>Bob Rosenbaum</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Future of media]]></category>
		<category><![CDATA[content]]></category>
		<category><![CDATA[e-media]]></category>
		<category><![CDATA[iPad]]></category>
		<category><![CDATA[magazines]]></category>
		<category><![CDATA[newspaper]]></category>
		<category><![CDATA[paid content]]></category>

		<guid isPermaLink="false">http://www.themarketfarm.com/wordpress/?p=958</guid>
		<description><![CDATA[As digital readers improve the online reading experience, people seem to be getting more comfortable with the idea of paying for online content. With that progress, what publishers need now is an effective and easy way to accept payment for content – whether they want to offer content on a metered, per-use or subscription basis. [...]]]></description>
			<content:encoded><![CDATA[<p>As digital readers improve the online reading experience, people seem to be getting more comfortable with the idea of paying for online content. With that progress, what publishers need now is an effective and easy way to accept payment for content – whether they want to offer content on a metered, per-use or subscription basis.</p>
<p>Amazon&#8217;s Kindle Fire has, perhaps broken a barrier with the easiest access to online magazine subscriptions I&#8217;ve seen. That&#8217;s the strength of the Fire: it&#8217;s an incredibly effective portal for buying content – and, frankly, anything else Amazon has to offer. The Fire&#8217;s downsides are:</p>
<p>Size: The 7-inch screen is simply too small for enjoyable magazine or newspaper reading. Even the magnification feature doesn&#8217;t go far enough, and it intereferes with smooth nagivation on the page and from one page to the next.</p>
<p>Weight: Holding the fire is a little bit like holding a flat, shiny, somewhat sexy brick. It&#8217;s a load – though it might provide interesting synergy with a bodybuilding magazine.</p>
<p>More-than-occasional glitchiness: The touch-screen doesn&#8217;t always respond well; sometimes it seems too sensitive and others not sensitive enough. For magazine and newspaper viewing, that makes page scrolls and page turns an unpleasant guessing game.</p>
<p>Limited media offerings: All of the other issues will likely be mitigated in subsequent versions of the Fire. But where Amazon&#8217;s strength has always been the scope of available content, periodical choices seem limited. Perhaps I&#8217;m wrong on that; perhaps the available choice reflect the current  range of publications that have dedicated themselves to the future of digital content consumption. But if Amazon wants to emerge as the leading content delivery platform, than it&#8217;s going to need to move away from teh curated approach that it takes with apps and seems to be taking with periodicals.</p>
<p>So what other options do magazine publishers have if they don&#8217;t want to be limited by (or captive to) Amazon&#8217;s subscription model?</p>
<p>Here&#8217;s an interesting new approach: <a href="http://tinypass.com/">TinyPass.com</a> is a startup paywall service that offers the kind of flexibility publishers need. Payment can be accepted through any means – from PayPal to Amazon to Google Wallet to a dedicated merchant account. And content can be delivered in any distribution model: paywall, metered, pay-per-use, etc. <a href="http://paidcontent.org/article/419-pain-free-paywall-company-signs-first-four-publishers/">According to PaidContent</a>, it even accommodates varied content models – such as the ability to split revenue with contributors.</p>
<p>TinyPass is a young copy and I&#8217;ve not done enough due diligence to predict its success. But it certainly represents the kind of flexibile functionality that the publishing world needs if its growth curve for selling digital content is going to continue.</p>
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		<title>The time has passed for revenue-enhancing digital products</title>
		<link>http://www.themarketfarm.com/2011/10/21/the-time-has-passed-for-revenue-enhancing-digital-products/</link>
		<comments>http://www.themarketfarm.com/2011/10/21/the-time-has-passed-for-revenue-enhancing-digital-products/#comments</comments>
		<pubDate>Fri, 21 Oct 2011 13:41:44 +0000</pubDate>
		<dc:creator>Bob Rosenbaum</dc:creator>
				<category><![CDATA[Future of media]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[B2B]]></category>
		<category><![CDATA[business to business]]></category>
		<category><![CDATA[content]]></category>
		<category><![CDATA[e-media]]></category>
		<category><![CDATA[magazines]]></category>
		<category><![CDATA[paid content]]></category>
		<category><![CDATA[value proposition]]></category>

		<guid isPermaLink="false">http://www.themarketfarm.com/wordpress/?p=949</guid>
		<description><![CDATA[The opportunity to increase revenue by adding digital products has largely passed, and simply adding new products will probably hurt the business by spreading the editorial staff even thinner; raising digital development costs; over-running the sales force's competence; and stressing customers who will be forced to decide which products to support and which to ignore.]]></description>
			<content:encoded><![CDATA[<p>A small B2B media company contacted me to talk about enhancing revenue by adding some new digital products to its portfolio. The company already offers a digital edition, business directory, email newsletters, web-seminars and a number of other digital B2B staples. Non-monetized but just as important, it has a reasonable Twitter following, a large group on LinkedIn and a Facebook page that is basically just a placeholder.</p>
<p>I&#8217;m sure there are more products the company could implement. It doesn&#8217;t have any mobile offerings to speak of, and its website represents first-generation internet thinking – a source of information but not of engagement and interaction. With a little bit of study and a few billable hours I could have made some recommendations.</p>
<p>Here&#8217;s what I told them instead: The opportunity to increase revenue by adding digital products has largely passed, and simply adding new products will probably hurt the business by:</p>
<ul>
<li> spreading the editorial staff even thinner;</li>
<li> raising digital development costs;</li>
<li> over-running the sales force&#8217;s competence;</li>
<li> stressing customers, who don&#8217;t have more money to spend on new products and will be forced to decide which products to support and which to ignore.</li>
</ul>
<p>In essence, trying to invigorate the company by adding more digital products is just going to lead to more fatigue for everyone – and at best provide only incremental revenue gains.</p>
<p>The real opportunity – and the only real option – is to use digital tools to increase the organization&#8217;s footprint and prominence.</p>
<p>Here&#8217;s the argument:</p>
<p>In B2B media, ad revenue and unit yields have been stagnant for a decade, and there is no reason to think that&#8217;s going to change for the better. As hard costs continue to rise, print circulations have been on a forced retreat. Publications that have maintained controlled circulation levels are doing so by cutting in other areas or – more likely – by winning market share and profits from other, lesser competitors. Neither is sustainable.</p>
<p>Given that it&#8217;s not economical to add print readers, the real value of a digital strategy is to present the brand to new people – either by expanding outside the magazine&#8217;s traditional market (taking a step upstream, toward the advertisers&#8217; suppliers, for example) or its traditional geography (i.e. international).</p>
<p>That doesn&#8217;t mean simply launching a digital or iPad edition. These are passive – cool media in Marshall McLuhan&#8217;s lexicon.</p>
<p>But extended audiences demand hot media. They need to be actively engaged; they need learn for themselves how a media brand is valuable to them. Engagement at that level means creating a different kind of relationship based on interaction with community, expansiveness of content, and flexibility in the way content is applied. These are the strengths of digital tools – when those tools are skillfully and strategically applied.</p>
<p>In the real world, it probably means a pretty significant website overhaul and, more significantly, redeployment of staff and restructuring of sales compensation.</p>
<p>Editors have to stop thinking in terms transferring knowledge from experts to the readers – instead becoming moment-to-moment conduits for peer-to-peer communication. Less like network news anchors and more like a highly specialized cruise directors.</p>
<p>Sales strategy has to evolve too. It&#8217;s less about products and more about platform – how the media brand provides a fluid and organic conduit between the advertiser and the market.</p>
<p>These are not small changes to make, and this is not a short-term project. But it represents the difference between relevance, growth and prosperity on one hand; and retreat into a niche position or extinction on the other.</p>
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		<item>
		<title>A magazine is an iPad that doesn&#8217;t work</title>
		<link>http://www.themarketfarm.com/2011/10/13/a-magazine-is-an-ipad-that-doesnt-work/</link>
		<comments>http://www.themarketfarm.com/2011/10/13/a-magazine-is-an-ipad-that-doesnt-work/#comments</comments>
		<pubDate>Thu, 13 Oct 2011 20:22:38 +0000</pubDate>
		<dc:creator>Bob Rosenbaum</dc:creator>
				<category><![CDATA[Future of media]]></category>
		<category><![CDATA[content]]></category>
		<category><![CDATA[iPad]]></category>
		<category><![CDATA[magazines]]></category>
		<category><![CDATA[media]]></category>
		<category><![CDATA[newspaper]]></category>

		<guid isPermaLink="false">http://www.themarketfarm.com/wordpress/?p=942</guid>
		<description><![CDATA[For anyone who wonders what the future of media looks like, spend 1:30 to watch this video. If involves a cute baby, and if you project forward to when that baby is an adult, it tells you everything you need to know.]]></description>
			<content:encoded><![CDATA[<p>For anyone who wonders what the future of media looks like, spend 1:30 to watch this video. If involves a cute baby, and if you project forward to when that baby is an adult, it tells you everything you need to know.</p>
<p><iframe width="560" height="315" src="http://www.youtube.com/embed/aXV-yaFmQNk" frameborder="0" allowfullscreen></iframe></p>
]]></content:encoded>
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		<item>
		<title>Advertisers will always go where the people are</title>
		<link>http://www.themarketfarm.com/2011/06/08/advertisers-will-always-go-where-the-people-are/</link>
		<comments>http://www.themarketfarm.com/2011/06/08/advertisers-will-always-go-where-the-people-are/#comments</comments>
		<pubDate>Wed, 08 Jun 2011 14:50:57 +0000</pubDate>
		<dc:creator>Bob Rosenbaum</dc:creator>
				<category><![CDATA[Future of media]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[content]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[media]]></category>
		<category><![CDATA[newspaper]]></category>
		<category><![CDATA[social media]]></category>

		<guid isPermaLink="false">http://www.themarketfarm.com/wordpress/?p=934</guid>
		<description><![CDATA[The issue isn't that advertising has ceased to work; I don't believe that's the case now, nor do I foresee the day when it is. The issue is that other things now work better. And by other things, I really mean one other thing: social media.]]></description>
			<content:encoded><![CDATA[<p>Alan Mutter, who calls himself the <a href="http://newsosaur.blogspot.com">Newsosaur</a> and whose opinions on the news business I deeply respect, points out that newspapers are now well into their sixth year of declines in advertising demand. <a href="http://newsosaur.blogspot.com/2011/06/newspaper-sales-crisis-enters-sixth.html">In a recent blog post</a>, he noted that annual newspaper sales hit $10.7 billion in 2006 – and now stand at $4.3 billion, about the same level as 1983. And they continue to drop.</p>
<p>While the drop in advertising isn&#8217;t new for newspapers, it hasn&#8217;t always been their No. 1 problem. Credit for that goes to the systemic and ongoing declines in circulation. Newspapers are simply less relevant across society than they once were.</p>
<p>But the dynamic behind shrinking advertising is different; it&#8217;s more like the experience of magazines – especially business-to-business – over the past decade.</p>
<p>I&#8217;ve written about <a href="http://www.themarketfarm.com/2009/05/12/what-b2b-advertisers-really-want-from-media/">the reasons behind the loss of advertising</a> for magazines, <a href="http://www.thepomoblog.com/papers/pomo101.htm">and I&#8217;m not alone</a>. The issue isn&#8217;t that advertising has ceased to work; I don&#8217;t believe that&#8217;s the case now, nor do I foresee the day when it is.</p>
<p>The issue is that other things now work better. And by other things, I really mean one other thing: social media.</p>
<p>First, more people are involved in social media than in any other media channel. If you lump together YouTube, Facebook, LinkedIn, Slideshare and the thousands of other social media websites, day-to-day participation is as broad as any other media channel.</p>
<p>Further, in most cases participation is free – even for the marketers, at the most basic level.</p>
<p>Further still, results are always measurable.</p>
<p>The equation is really simple: Marketers who are pulling back on their traditional advertising are merely following the lead of other marketers. And those who are not actively involved in social media are negligent. Marketers need to be where the people are, so they simply aren&#8217;t going to ignore  a media channel that has so quickly attracted a large percentage of the world&#8217;s population.</p>
<p>I could predict that advertising revenues are going to continue their decline for newspapers, because consumer advertisers are now discovering what business-to-business advertisers learned several years ago: With social media, you can  (and should) become your own publisher – developing an audience and serving it with meaningful, interesting and helpful content.</p>
<p>That doesn&#8217;t mean newspapers, magazines or any other type of print media are doomed. But newspapers of the future will be very different than they were just six years ago. The sooner they figure out how to unhitch their fortunes from advertising, the better off they&#8217;ll be.</p>
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