Marketing – Knowledge Bridge https://www.kbridge.org/en/ Global Intelligence for the Digital Transition Wed, 05 Dec 2018 12:49:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.10 Guide #4: Facebook News Feed Changes: Impact and Actions https://www.kbridge.org/en/guide-4-facebook-news-feed-changes-impact-and-actions/ Wed, 04 Apr 2018 13:42:49 +0000 https://www.kbridge.org/?p=2978 Guide #3The fourth guidebook in MAS series of practical guides for media managers focuses on the recent changes Facebook made in its News Feed. The purpose of these guides is to help media decision-makers understand some of the key topics in digital news provision, and give them practical support in adopting concepts that will improve their operations and streamline how their companies work (see Guide #1: Product Management for Media Managers, Guide #2 – Launching a paywall: What you and your team need to know and Case studies on paywall implementation, and Guide #3: Best Practices for Data Journalism).

Guide #4 – Facebook News Feed Changes: Impact and Actions, by Ross Settles.

There are several key steps that a media executive should take to prepare.

  • STEP 1: Detail Current Facebook Strategy
    • What is your media’s strategy for Facebook?
    • How does your media use Facebook to achieve your news reporting and business goals?
  • STEP 2: Asses the Problem
    • How dependent are you on Facebook?
    • What percentage of your traffic is from Facebook?
    • What percentage of your revenue is dependent on Facebook?
  • STEP 3: Action Planning
    • What actions can you take to maintain the benefits your media receives from Facebook?
    • What actions should you take to create alternatives to Facebook?

As Facebook introduces the changed algorithm over the remainder of 2018, online publishers will have some time to prepare and plan strategies for how to compensate for the impact of the change on their business.

Please download and share the guide. We would love to hear from you – send any comments or suggestions to us at mas@mdif.org.

[pdf-embedder url=”https://www.kbridge.org/wp-content/uploads/2018/05/MDIF_4_Facebook_Newsfeed.pdf” title=”Guide #4: Facebook News Feed Changes: Impact and Actions by Ross Settles”]

About author: Ross Settles, MDIF Senior Advisor for Digital Media, is an adjunct professor of digital media and entrepreneurship at Hong Kong University’s Journalism and Media Studies Center. He consults to media and investment firms on business development and marketing strategies. Ross worked with MDIF client Malaysiakini, the largest independent online news portal in Malaysia. His work with Malaysiakini focused on new online products and services as part of a yearlong Knight International Journalism Fellowship. Ross previously managed the online business and editorial operations for Hong Kong’s South China Morning Post and directed marketing and business development for Knight Ridder Digital. Before Knight Ridder, Ross led marketing and international development efforts for technology media company Red Herring Communications, and worked in marketing and product development with Times Mirror, the owner of the Los Angeles Times. Ross holds a Masters in Business Administration from the University of Chicago and a Bachelor of Arts in East Asian studies from Princeton University. He has spent over a decade in China and East Asia, and speaks, reads and writes Mandarin Chinese.

You can contact him via e-mail.

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Launching a paywall: What you and your team need to know https://www.kbridge.org/en/launching-a-paywall-what-you-and-your-team-need-to-know/ Mon, 08 Jan 2018 12:35:58 +0000 https://www.kbridge.org/?p=2908 Guide #2
We are pleased to announce the release of the second guidebook in MAS series of practical guides for media managers (see Guide #1: Product Management for Media Managers). The purpose of these guides is to help media decision-makers understand some of the key topics in digital news provision, and give them practical support in adopting concepts that will improve their operations and streamline how their companies work. The series aims to provide practical guidance and strategic direction to help media organizations navigate the digital transition, including best practices to implement different strategies, processes, tools and techniques.

Guide #2 – Launching a paywall: What you and your team need to know, by Tomáš Bella.

What subscription model is right for you?

  • Readers‘ clubs – just pay, no wall (The Guardian model)
  • Metered paywall (The New York Times model)
  • Hard paywall (The Times model)
  • Crowdfunding
  • Technical aspects – what software do you need (CRM, vendors, payment methods and processing, analytics)
  • Pricing strategies, discounting
  • Marketing (how to persuade people to pay?)

The aim of this guide is to help you avoid the largest traps that lie ahead as you seek to launch a subscription system, and to help you understand what needs to be done to build a successful project.

Please download and share the guide. We would love to hear from you – send any comments or suggestions to us at mas@mdif.org.

[pdf-embedder url=”https://www.kbridge.org/wp-content/uploads/2017/12/Guide-2-Launching-a-paywall-by-Tomas-Bella.pdf” title=”Guide #2 – Launching a paywall: What you and your team need to know by Tomas Bella”]
About author: Tomáš Bella is co-founder and web director of an independent Slovak daily newspaper: Denník N (dennikn.sk), which also develops open-source software for publishers REMP (remp2020). Previously, he was Editor-in-Chief of the largest provider of Slovak web journalism, sme.sk, and co-founder and first director of Piano, now the world’s largest company offering publishers paywall software.

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Native advertising: The first key steps https://www.kbridge.org/en/native-advertising-the-first-key-steps/ Fri, 02 May 2014 11:57:20 +0000 https://www.kbridge.org/?p=2375 Most digital industry veterans are used to the idea that many innovations – particularly in online advertising – have an element of complexity. It can be a real challenge to quickly understand the technology, operations and strategic implications of the latest developments.

But this is a way in which ‘native advertising’ – a term that first appeared barely two years ago – stands out from many of the latest digital trends: it’s remarkably simple to grasp. Not that this should be in any way surprising. In fact, a cynic would say it’s just ‘advertorial’ resurrected in a digital world with an intriguing new name.

Indeed, native advertising is no wondrous innovation, resting on some form of mystical, proprietary technology such as Google’s search algorithm or Facebook’s social platform. Its origins are humble – and transparent. They lie in every digital publisher’s aims to reverse the downward spiral of banner ad CPMs (a result of heightened competition as well as format standardization) by introducing bespoke advertising propositions to maintain a direct sales relationship with agencies and brands (at a time where the rise of programmatic transactions threatens access) and to shift effectiveness metrics from (often dreadful) click-through rates to more ‘editorial’ indices such as page views or time spent.

At the same time, publishers (think they) are addressing advertisers’ chronic concern about ‘banner blindness’ and ad blockers, as well as brands’ perennial wish to be ever more closely associated with journalistic content. Finally, more by accident and less by design, native advertising is a ‘platform agnostic’ format, in the sense that, unlike banners, it migrates seamlessly to mobile (either in a responsive design or m-optimized approach), which is where an increasing portion of publishers’ audience is moving.

Advertisers appear to be increasingly considering or endorsing the ‘native’ approach – OPA/Radar Research data show that 32% of Chief Marketing Officers have bought or are planning to buy native in the next six months – and yet the fundamental questions remain unanswered. Will native advertising prove to be a tectonic shift in online brand marketing or will it be no more than a fad, a practice soon to revert to the niche market share of the advertorial? And if it does indeed flourish and continue to rise, who will benefit most and what can publishers do to develop and sustain a competitive advantage?

The simple truth is that native advertising is still beset by scale issues which at best can be considered teething problems. First, despite encouraging steps by the Interactive Advertising Bureau, there isn’t yet any substantial or extensive standardization of formats, with the gamut running from grand custom productions at one end to simple, almost rudimentary ‘newsfeed’ offerings at the other. Second, no uniformity (or, sometimes, transparency) in pricing exists, whether this concerns fixed or variable (e.g. per article views) rates or a scale element depending on article length and/or use of multimedia. Finally, there are no commonly accepted appraisal metrics, making it difficult for advertisers to justify a major investment in an activity that they don’t know how to measure effectively.

Still, elements of native’s value are becoming increasingly apparent, especially on the consumer side. IDG Media research found that consumers viewed native ads 52% more often than banner ads (specifically, 4.1 times per session vs 2.7) and a quarter more of consumers look at in-feed native ads rather than standard banners (25% versus 20%). At the same time, one in three said that they would share a native ad with a friend versus one in five that would do the same with a banner ad.  Findings such as these make most pundits conclude that the issues native advertising faces in its embryonic stage are reminiscent of the early days of the banner ad about two decades ago. Just like native today, banner ads then did not have standardized formats, were priced in various (frequently inconsistent) ways, were often built by the publisher to assist the digitally-curious advertiser and had no real effectiveness metrics to be appraised against.

And yet, the fact that all this was resolved as the industry developed and matured is not the main factor pointing to native’s potential. What emerges as critical is the simple fact that the giants of social media, Facebook and Twitter, have endorsed and amplified it – particularly in their mobile offerings – to the point that it is the dominant format, absorbing more than US$1.5 billion last year. In fact, the fundamental point here is that an entire new generation of internet users – those that predominantly have these social media platforms as ‘home pages’ from which they snack content, play games and communicate with their friends – are getting accustomed to this form of (often targeted) advertising and consider it increasingly a natural part or extension of their user experience.

However, if all of the above point to native advertising being a substantial trend, they do not necessarily clarify who – beyond Facebook, Twitter et al – can benefit from it. Nor do they point to a specific ‘best practice’ policy framework for publishers to implement and profit from, and that is indeed a pity as native advertising is an area where publishers could have a relative edge, given their wealth of content and the quality of their brands. In fact, an optimist may argue that, in particular, context-based native advertising could prove to be premium publishers’ answer to search advertising:  a well-placed commercial message blending naturally with an express user preference (targeted editorial content, e.g. a specific article, on the one hand, a keyword on the other).

The first steps towards introducing native advertising rest on three main pillars. But note that any native ad strategy should be based on an initial low-key, scalable approach. Not only because native, despite current trends, may not prove to be the game-changer that some predict, but also due to the fact that it is a practice that can be ratcheted up as demand evolves. The other critical precondition would be a clear, consistent and transparent policy with regards to (conspicuous) labelling: not only is this an absolute necessity in terms of respecting one’s readers but it also addresses criticisms about ‘grey’ advertising. Having assured this, besides sales and marketing, starting with a design and front-end developer as well as a couple of digitally-savvy journalists will do.  Once (or if) advertisers are queuing outside the publisher’s offices, then a ‘Content Studio’ à la NYT or WSJ is the next logical step – but not before.

The principal pillar for native advertising is a segmentation of the sales proposition into three broad offerings, namely:

  • A standard ‘newsfeed’ offer, available in (a maximum of) three formats and priced transparently either on article length/features (e.g. photo material), on the time that the story resides on the home page or even article views – though the latter would be less advisable as it puts unfair onus on the publisher for the native ad’s performance. This offer should be marketed heavily in cases where mobile is appealing to the advertiser (e.g. if the product concerned aims at a younger demographic, as they tend to have mobile as their medium of choice) as it migrates into handheld devices in the most seamless manner.
  • A ‘reverse engineering’ offer – such as Forbes’s BrandVoice – that provides advertisers with their own editorial page to which they can upload clearly labelled, relevant content under the publisher’s masthead. Not all publishers have the clout to convince brands of the benefits of publishing on their sites, nevertheless it is a highly lucrative approach as it scales perfectly, requires very few resources and is usually priced on a monthly (and often hefty) flat fee.
  • A ‘customized’ offer whereby brands are presented with, or ask for, creative ideas as well as execution from the publisher. This is mainly where the aforementioned digitally-savvy journalists come in, usually with a background in ‘brand-friendly’ consumer magazines, to deliver premium propositions that are showcases of high value. These customized solutions can be generators of significant income for the publisher, especially if video material is part of the offer and the ‘native’ piece is pushed (again, clearly labelled) to the social media fan and follower bases of the editorial brand.

A second pillar in getting started with native is a clear segmentation of the advertiser market so that different offers cater to distinctly different communication needs and preferences. This should be centered on two clusters:

  • Companies that have a regular flow of press releases to distribute to media, e.g. banks, insurance and telcos. These companies usually hire PR agencies to do the spinning or ‘persuading’ of journalists, usually (regrettably) successfully given the shrinking editorial budgets most newspapers have had to cope with. The ‘newsfeed’ offering alleviates such commercial pressures while bringing transparency and revenues to the publisher.
  • Companies that would like to engage more deeply in content marketing. This is where the larger, bespoke productions can be most effective for the brand – and lucrative for the publisher. The publisher’s specific targets would depend on its audience and editorial context, e.g. fast-moving consumer goods and entertainment for the younger demographic, or fashion/beauty for female readers, or health for the older demographic.  However, the prime candidates for such projects are companies involved in major Corporate Social Responsibility activities, as these endeavours often have a content dimension and, at the same time, are particularly difficult to convey through a simple advertisement.

The final cornerstone in terms of an initial publishing strategy on native advertising may prove to be the trickiest and most elusive: alliances. Publishers have a horrid record of coming together (be it in a joint operating agreement or a full-blown joint venture) in business enterprises to try to address a common threat or opportunity, usually to create scale which, especially in digital marketplaces, can prove critical. Finding successful shared publishing endeavours is more the exception than the rule. However, in the case of native advertising, it may well emerge as an imperative: large portals (e.g. Yahoo!) are also starting to invest in native and, at the same time, firms such as Simple Reach, Native Lift and Nativo are coming to the fore as placement networks. There is thus a real risk that scale and the inevitable standardization will lead to commoditization and therefore loss of pricing power, whereby reach will again be the strongest asset.

What can publishers do, at least at a national level, to avoid such a scenario? Their pre-emptive response should be three pronged. To begin with, they should be the first to pursue the ‘race to scale’ and, possibly via industry bodies, take the initiative to set format standards (particularly for the ‘newsfeed’ offering) before portals and aggregators do. An ‘ethics’ corollary of this would be standardized disclaimers, concerning separation of editorial from commercial messages. Second, they should actively engage with advertisers – again, more likely than not at industry level – so that performance metrics are agreed upon and these express also the publishers’ viewpoint, often ignored in a buyers’ market like online display advertising. Finally, they should undertake a joint research effort that aims to prove that native advertising is much more effective when residing on original content sites, rather than any content page. The UK’s Association of Online Publishers (AOP) did just that two years ago by contrasting branding metrics for campaigns that run on premium content sites versus those that rely only on social media.  Findings ranged from encouraging to impressive and there is no reason to think that they would be different in the case of native.

In short, publishers are particularly well-placed to take advantage of the growth of native advertising. Indeed, it’s bound to come as a relief to the industry that finally a form of digital advertising has emerged that values the quality of the brand, its tradition, heritage and news values, as well as the original content that is being created on a daily basis. In addition, the first steps to get a functioning native advertising operation going are not too complex or expensive.

It would be an immense pity if the chronic fragmentation – which is often a euphemism for divisive bickering – of the publishing industry again proved to be the main culprit for another missed opportunity. There won’t be many more.

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The Art and Science of Hiring for Media Startups https://www.kbridge.org/en/the-art-and-science-of-hiring-for-media-startups/ Thu, 18 Jul 2013 12:55:03 +0000 https://www.kbridge.org/?p=3821 Starting up a news site has become the easiest thing in the world over the last decade, but building a long-lasting media company from scratch is among the hardest tasks in startupland. Having worked on a couple of these myself, I’ve always believed one of the most underrated barriers to entry for a media startup is sensibility.

Building the right kind of sensibility means building the right kind of brand that resonates. In a crowded media sector these days, the white space to create anything unique is non-existent, or at best narrow, which is why content-based startups take a longer time to gestate and build up.

Hiring and building a team present peculiar challenges for a media startup compared to any other kind of software or consumer product startup. Cultural fit becomes the driving criteria above almost any other criteria, particularly at the early stage.

Having been a student of media and media startups all my life — and now a year into building my second — I’ve learned a bunch of lessons along the way on building the right kind of teams in lean content-driven environments.

Different stages in a company require different strategies, and for this article I am focusing on the early stage, where the focus is on building editorial, product and distribution. Call it my year-one guide to hiring in a media startup.

General culture and companywide skills:

  • Bringing negative energy into the company is not worth any kind of talent. This is true for co-founders, employees and even investors. Because in a daily ideas driven startup, the flow of energy back and forth matters a lot more, any negative people in the company suck up all available energy in the company. This may sound esoteric and hard to quantify, but if you’ve done this long enough, you know this matters.
  • The product in a media startup changes every day, unlike any other product startup. The front entrance of your flagship product changes many times a day, and the people you hire need to understand the manic-ness that goes into doing this day in, day out.
  • Product thinking: Typically media startups have been stuck in “post thinking,” as in a blog post, a story post, etc. In a multi-platform environment, product-led thinking that continually tweaks to keep the brand fresh in digital becomes the driving force. Iterate, test and build; a thinking in mainstream consumer startups, has to come to media startups as well. Hire people who get it.
  • Visual and multi-platform thinking: Anyone you hire — from editor to developer to social media manager to sales to business development — has to understand the visual nature of media these days, especially in a social media-driven, multi-platform world. This is easier said than done, but people with varied and non-traditional career paths tend to get this the most.
  • Living in a Google Analytics stream: Or in other words, data thinking. These days, data skills for anyone you hire across any function in the company — from editorial intern to social media manager to founders — is not an optional skill. That’s true for any startup, but for media startups that live and die in Google Analytics (and most use that at early stage, because it is free), it means making sure everyone in the company understands it, uses it, and makes decisions that are informed from it. Baking it in at the hiring stage will ensure you make it pervasive across the company as it scales.

Editorial team:

  • The 4 S’s of Content: be Smart, Sharp,Surgical and Strategic. With a small team in the beginning, can the editorial talent you hire be nimble enough to understand this, and execute against it?
  • Because part of the talent you will hire will likely have come from existing old-school media companies, one of the things you are looking for is how much can they unlearn what they’ve learned before. Especially if the editorial product and the voice you are trying to create is something the industry has not seen before.
  • This is my personal favourite: No journalism circle jerk or moralising media people. Get the basics of reporting right, keep the future of journalism prognosticators out.
  • Related to above: Avoid scenesters, above all else. Media tends to attract a lot of those because it comes with the high profile of a byline and public presence. These days with the amplification of social, people love the idea of working in high profile places and would do anything to flatter you. It will take some trial and error, but you’ll learn the necessary skill of avoiding these people.
  • Curation thinking: This is another critical hiring and company culture parameter. No media startup can survive doing just original content, it has to be a mix, of original, of curated or aggregated, of licensed if that is an option. It means hiring people who have the ability to mix content types, and not be moral about it. You’ll be surprised at how many journalists look down upon curation. In a small team, curation thinking also means learning to do a lot more with lot less.

Developers:

  • This is hard in the best of times, and for media startups that may not seemingly be solving rocket science tech problems, your options of how and what to attract developers with are lower. In most cases media startups are about execution, and that requires a slightly different kind of developer than a software or product company would need.
  • Look to the pool of journalists turned developers, or dual majors in journalism and computer science, of which there is an increasing pool. They generally tend to get ignored by other high-profile consumer startups, and present an attractive pool to target for hiring.
  • This is especially true if you are trying to create media-derived data products, and there are a lot of cross-dependencies that somebody with the media background would understand better than a regular developer.
  • Developers with media background tend to understand presentation of data and information in right formats.

Cross functional agile product manager:

  • Agile development, a methodology that came out of the software world, is increasingly being implemented across other parts of companies as well, especially as a buzzword by marketers. For a media startup, agile would translate into building quick, fast and dirty, with few resources, whether it is edit, business, sales, and of course tech development. That means a cross-functional product manager who is almost a junior COO, working with founders to keep everything running and launching on time, amidst the requisite amount of chaos.

Content marketing & partnerships:

  • The social media editor is dead, the engagement manager has arrived. Call it whatever you want, beyond the buzzwords it means marketing your content is a full time function, and is multivariate, multi-service and multi-platform. The skills required then becomes a lot more complex than just someone who tweets and “engages” with community. It is a mix of being natively good at social, ability to focus on various social networks in different ways that those platforms require, in different formats of media. It means seeding various sites, forums and platforms beyond social; it also means part traditional business development functions of maintaining and seeding existing content partnerships.

Sales:

  • The first sales hire at any media startup is a crucial and scary step. Hiring someone who can just sell banner and boxes, even if lots of them, won’t cut it. The first sales hire has to be strategic enough to think big picture, understand what the nascent brand stands for, and be on top of emerging trends in content market, native advertising and digital branding. And as digital has enabled the rise of early adopters, fanboys and prosumers across various industries, a sales hire should typically have both B2B and B2C experience to understand how companies market to various constituencies in different ways.

Caveat:

This is an early stage template. Beyond year two and beyond seed stage, the hiring guidelines and skill sets needed will evolve as product, business and strategy evolves — even if philosophies and operating principles stay rooted in founders vision.

(I have used the words “news”, “media” and “content” interchangeably here, to cast a wider net. Don’t get tripped up in the semantics of the words, larger lessons apply to any kind of content-driven startup.)

This article originally appeared on LinkedIn, and it has been republished here with the kind permission of the author. 

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Don’t forget email in your content marketing strategy https://www.kbridge.org/en/dont-forget-email-in-your-content-marketing-strategy/ Tue, 09 Jul 2013 16:01:23 +0000 https://www.kbridge.org/?p=3771 It has been fashionable, over the past few years, to talk about the death of email as more people turn to social networks to communicate. But email newsletters remain a powerful way for news websites to build a loyal audience.

Email marketing seems so low-tech, but it is enjoying a resurgence because it is inexpensive and, if done well, it works.

In an article on technology news site Wired, highlighting an “email newsletter renaissance”, former Hufftington Post Chief Technical Officer Paul Berry said:

As much as we’re told e-mail isn’t sexy, no one sends more e-mail than Facebook or Twitter, and the reason they do is we’re all on e-mail and it brings you back.

An email marketing success story

Two years ago, the Foundation for New Journalism in Iberoamerica launched a programme to provide technical and commercial skills to the rapidly growing number of news and information start-ups in Latin America. As part of this programme, 10 start-ups were chosen “based on their journalism and ethical standards, and their potential for growth” to take part in an entrepreneurial journalism programme.

The results were impressive leading, on average, to an 80 percent increase in site visits across the start-ups, according to James Breiner, writing for IJNet and News Entrepreneurs.  A Salvadoran sports site was a standout success:

El Salvador FC, a soccer website, increased its total visits by 264 percent to more than 1 million by employing a series of strategies, such as updating news at least 10 times a day, promoting news through email and seeding its news in other blogs and web pages.

Obviously, email was part of a broader strategy of regular updates and a wider social media campaign, for example, successful Facebook campaigns drive about 20 percent of the traffic to the site. But you don’t have to choose between email and social media – an effective digital marketing and engagement campaign can and should use both.

It is also important to point out that simply building audience doesn’t guarantee sustainability; despite its success with increasing traffic, El Salvador FC is not yet profitable. However, as the site works towards the break even point, its email and social media strategy has added audience with low costs, although it is time intensive. El Salvador FC founder and editor Carlos Lopez Vides said:

This type of marketing costs us nothing but does require a big time investment. It recognizes the power of the users to share and recommend the product. We, the editors, have to empower the users to maintain their interest and support.

As Lopez Vides says, email marketing is inexpensive. A study in the UK found that it a fraction of the cost of other marketing methods such as direct mail or telemarketing. It was even cheaper than SMS marketing. The same study found that it also had a higher response rate than direct mail or internet advertising, although lower than direct mail or SMS marketing.

How to create a successful email campaign

Just as with your digital strategy in general, data will be key to the success of your email newsletter marketing efforts, and with the renewed interest in email newsletters as an audience building or marketing tool, we have access to data on best practices even before you start.

Email marketings software company GetResponse analysed 21 m messages sent during the first quarter of 2012 to determine the best open and click through rates and also the highest engagement times. The analysis found (emphasis theirs):

One of the most important conclusions is that sending newsletters during readers’ top engagement times of 8 a.m. – 10 a.m. and 3 p.m. – 4 p.m. can increase their average open rates and CTR by 6%.

However, they also point out that you need to analyse your own data to make sure you understand how your subscribers behave.

Another factor that can affect open rates is the subject line of your email. Another newsletter service provider, MailChimp, analysed 40m subject lines to see which ones worked best. They even have a tool that will give you a rating of words used in your subject line based on historical response rates. They compared the best performing subject lines, email newsletters that were opened by 60 to 87 percent of recipients, versus the worst performing subject lines, those that were only open one to 14 percent, and they found:

On the “best” side, you’ll notice the subject lines are pretty straightforward. They’re not very “salesy” or “pushy” at all. Heck, some people might even say they’re “boring.” On the “worst” side however, notice how the subject lines read like headlines from advertisements you’d see in the Sunday paper. They might look more “creative,” but their open rates are horrible.

That doesn’t mean that you can’t be creative in your subject lines, but their research found that it was all about expectations. “The best subject lines tell what’s inside,” they said.

Fortunately, email newsletter software such as GetReponse and MailChimp has become increasingly sophisticated, allowing you to do A/B testing. This feature allows you to test the performance of subject lines or delivery times, for example, Mailchimp will send the same email using two subject lines to a small percentage of your list, then automatically sends out the email with the best performing subject line once the trial period has ended.

Marketing your paid content offering

Email registration for newsletters has also been used as part of a paid content revenue strategy, allowing those who register to access premium content on your site.

As digital advertising rates dropped, publishers have used email newsletter signups to gain more information about their users, which they use to deliver more targeted advertising and as part of the marketing strategy for their paid content offerings.

British magazine publisher IPC offered email newsletter subscribers access to ‘certain content’ to entice readers to sign up for newsletters or register with sites, says The Media Briefing. Once IPC has an email address, it works to gain even more data about these users so that they can tailor marketing messages about subscriptions and paid content options.  It is a typical funnel marketing strategy.

Email marketing may seem simple, but successful news organisations and media companies are using it in incredibly sophisticated ways as a means to increase their audience and audience engagement and also as the first step in marketing their paid content offerings. The key is to make sure that you’re taking advantage of all of the tools that modern email marketing software delivers so you can get the best results.

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Revenue Opportunities: Online Classifieds & Directories in Russia and Ukraine https://www.kbridge.org/en/seminar-revenue-opportunities-online-classifieds-directories/ Wed, 03 Apr 2013 12:12:55 +0000 http://kb2-dev.mdif.org/?p=1326 The seminar provided a broad overview of the online classifieds market in Russia and Ukraine and focused on the tools and techniques for building online classified businesses.

The seminar presented the following topics:

  • “Market Overview”. This section provided an overview of the online classifieds market with special focus on recent developments in the Russian and Ukrainian markets. The overview also discussed current trends in global online classified and directory development and presented strategic models for local media to participate in the online classified market.
  •  “Business Models: Classified and Directory”. This section presented the common technical and design features common to most online classified sites and then presented a staged approach to building revenue models.
  • “Listings and Sales”. A discussion of techniques needed to build the listings volume for an online classified site.
  • “Audience/Marketing”. A discussion of SEO and other techniques to generate audience to an online classified site.

The goal of the seminar was to create a base of understanding of the trends in the online classified market and the potential impacts on attendee’s existing classified business as well as provide some tools and techniques to help build listings volume and audience for attendees’ existing classified sites.

Location: Moscow, Russia

Dates: 1 -2 April 2013

Attending:  Russian and Ukrainian media executives

 

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Presentation: Digital advertising and sales for Russia and Ukraine https://www.kbridge.org/en/presentation-digital-advertising-and-sales-for-russia-and-ukraine/ Thu, 11 Oct 2012 16:17:51 +0000 https://www.kbridge.org/?p=2097 Russia and Ukraine saw dramatic growth in internet advertising in 2011. Internet ad spending rose 56 percent in Russia and 59 percent in Ukraine. In the first presentation below, we look at who is advertising on the internet in Russia and Ukraine, as well as advertising standards, pricing models and advertising management.

To take advantage of this growth in internet advertising, we explore how to organise and motivate your sales team. Advertising sales is fundamentally about solving problems for your advertisers by providing them with products and an audience, at prices they are willing to pay.

In the next presentation we look at key sales concepts including:
• Calculating your potential advertising market.
• Identifying sales channels.
• Strategies for making money in print (or broadcast) and online.
• Motivating your sales force.
• Organising digital sales.

After looking at how to organise and motivate your sales teams, we look at two types of digital advertising: ad networks and classifieds. As we wrote about recently in the August Digital Briefing, ad networks can be an important source of early income as you grow traffic to your site.

Although a couple of large ad networks get the lion’s share of the attention, there are more than 300 ad networks out there, with some focused on specific platforms or technology such as mobile or video ad networks, some focused on specific geographical areas, others focused on specific themes or types of content such as the Active Youth Network and even others focused on audience behaviour online.

Ad networks help address a number of issues facing advertisers such as the large choice of publisher sites leading to an over-supply of ad space, and the difficulty of identifying high-quality content.

In the next presentation, we look at different ad network pricing models and how to choose the right ad network.

We look at classified advertising, beginning with a cautionary tale about the collapse of online classifieds as a revenue source for newspapers in the US. New online classified players such as Craigslist, Monster.com and HotJobs.com all helped to shift classified advertising from newspapers to new digital players. We look at how to develop your digital classifieds offering to prepare to defend yourself against new digital competitors.

Online classifieds include not only the “Big Three” of classified advertising – recruitment (jobs), real estates/rentals and auto – but also directories, free classifieds and calendars. Specialist classified providers that focus on dating, education or other types of products and services have also sprung up. Online classified advertising is in the early stages of development, but it still represents a potentially large market and has already attracted a number of large, international players.

We then cover several different strategies for developing your online classifieds business, including:
• Go it alone: building, selling and marketing your own classified advertising site.
• Build a network with other local media.
• Partner with a national site, which provides the technology and perhaps marketing and sales service, leaving you to focus on local marketing and sales.
• Enter into a traffic partnership, which means that you sell a traffic sponsorship deal to a national partner.

We look at examples of these strategies and how to organise your business to achieve success using one of these strategies.

Of course, digital advertising is a fast moving sector, so we also look at new developments and the future of the online classifieds.

In the final presentation, we look at how news organisations are using social media to generate revenue, either indirectly by using it to grow audiences and gain more data about their audiences, or directly by selling social media advertising.

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