The Mario Blog

05.01.2018—6am    Post #7121
Paying for content: Freemium mode gains fans

It’s the top, hot topic for publishers everywhere: what’s the best model to get our readers to pay for content? Those guys at INMA seem to have some suggestions.

 

The article, part of The Earl Blog, is headlined: Getting smarter about subscriptions beyond the meter — and without a silver bullet.

Ironically, I have found myself this week conducting workshops that include latest trends in attracting subscribers, so this was very timely.

While I encourage you to read Earl’s entire piece, I found these takeaways of interest, at a time when publishers are looking for guidance as to what is the best way to attract and to retain customers who will pay for content.

Earl’s piece concludes that after cutting across many presentations in a recent London summit devoted to the subject, the metered model works best for brands with strong identities and a high volume of content — “which, by itself, might explain why local newspapers under-performed so dramatically with the metered model in recent years.”

Freemium works best for brands with unique to highly unique content, offering the best model for converting readers to purchase. The hard pay model works for brands with an extreme connection to their community. Yet make no mistake: The hybrid models of Scandinavia and the dynamic pay gate models are coming on fast. 

The INMA research in this area is impressive and gives credence to the effectiveness of freemium models. Research conducted for the London Media Subscriptions Summit confirms differences between the meter and freemium models. INMA surveyed 35 news media companies that were represented at the London summit and who are intimately involved with digital subscriptions:

  • 54% operate freemium models.

  • 34% operate meters.

  • 41% of respondents are unhappy with their model.

  • 67% are looking to switch models.

  • 76% are looking to add new features to their pay model. 

I plan to devote more time in the blog next week to the subject of monetization and subscription models.

 

Of (very) related interest

 

The Chicago Sun Times has ran a blank front page recently, dramatically emphasizing the need for readers to subscribe if the newspaper is to survive.

https://chicago.suntimes.com/imagine-chicago-without-the-sun-times/

Every day for 174 years, we have been there for you. Now we need you to be there for us.

We’re asking you to please support our daily work by subscribing to our website for $7.49 a month. That’s less than 25 cents a day. In return, you’ll get unlimited access to our web content and will help protect the long-term survival of our newsroom.

A good weekend read

Should you design for addiction or for loyalty?

That depends on whether you want users or an audience.

http://www.niemanlab.org/2018/04/should-you-design-for-addiction-or-for-loyalty/

 

Things we like

I like that The New York Times’ digital briefing now includes an opportunity for us to see how its print edition front page looks. This is especially helpful when we are traveling abroad.  Good move.

 

 

Six tips for digital storytelling (the video)

Evangelischer Presseverband für Bayern e.V.

 

My short article with “six tips for storytelling” is online (German only):

https://www.sonntagsblatt.de/artikel/digitalisierung/medien/mario-garcia-sechs-tipps-fuer-gutes-storytelling

The Interview is also online:

https://youtu.be/6K1qJoupORY

 

 

 

Mario’s Speaking Engagements

 June 3-6, 2018The Seminar, San Antonio, Texas.

 

 

 

 

June 7-8WAN-IFRA World Congress, Lisbon, Portugal

 

June 12-14, CUE Days , Aarhus, Denmark

http://www.ccieurope.com/news/6738/Video_What_is_CUE_Days_2018

 

August 2, Digital House (Facebook workshop), Buenos Aires

October 6, 20, 27–King’s College, New York City

The Basics of Visual Journalism seminars

 

Garcia Media: Over 25 years at your service

TheMarioBlog post #2828

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