Showing posts with label Web Advertising. Show all posts
Showing posts with label Web Advertising. Show all posts

4.24.2010

Pop music

Emily Bell, digital content director for The Gaurdian, was interviewed about her decision to leave for New York City, where she will take over Columbia University's Tow Center for Digital Journalism in July. She said some interesting things.

On NYC being a hotbed for digital journalism:
"If you wanted to be a pop musician in 1963, you probably went to Liverpool," Bell told me in a leaving interview. "If you're in digital journalism at the moment, the east coast is a really exciting place to be - it's where a lot of the conversation and action is taking place."

On the future of web and mobile ads:
"I sat in rooms in 2002/03, when we were having exactly the same debate about digital - online ads being dead, full stop. None of us anticipated Google (NSDQ: GOOG) correctly or the growth in digital display, but now there's a much more sophisticated display ad market. Advertisers are still going to pay for an audience. Immediate evidence suggests the ad model will prove to be more robust than people have said."

"The free model has worked for us. The apps market has worked quite well. The conference model has worked quite well." Will the paid mobile app switch to recurring subscriptions? "It's far too early to say. We look at all of these things all of the time. It would be wrong to say we definitely will do that and that we have a solid plan to do that because we don't. But this is an emerging market and we've got to look at what our opportunities are."


The apps market is indeed intriguing...

3.07.2010

Ars Technica: Don't block our ads!

Ars Technica is a well-above-average science information website. Their content is varied, reliable, aesthetically pleasing, and obviously passionate -- creating the environment for the emergence and evolution, over the past 12 years, of a vibrant community of Ars Technica followers. The image that comes to my mind is a bacterial colony radiating from central point in a petri dish.

But the sad irony is that the type of communities that tend to form around sites like Ars Technica also tend to have a lot of individuals who use a browser tool to block ads. By blocking ads you are killing your favorite websites, says Ars editor-in-chief Ken Fisher in this recent post.

This graf goes a long way to clarify the challenges web publishers face in today's advertising market. In short: TV and internet ads are apples and asparagus.
Invariably someone always pops into a discussion like this and brings up some analogy with television advertising, radio, or somesuch. It is not in any way the same; advertisers in those mediums are paying for potential to reach audiences, and not for results. They have complex models which tell them if X number are watching, Y will likely see the ad (and it even varies by ad position, show type, etc!). But they really have no true idea who sees what ad, and that's why it's a medium based on potential and not provable results. On the Internet everything is 100% trackable and is billed and sold as such. Comparing a website to TiVo is comparing apples to asparagus. And anyway, my point still stands: if you like this site you shouldn't block ads. Invariably someone else will pop in and tell me that it's not their fault that our business model sucks. My response is simple: you either care about the site's well-being, or you don't. As for our business model sucking, we've been here for 12 years, online-only. Not many sites can say that.


Did you know that? Now you know...

2.12.2010

Fine Lines

So far on this entrepreneurial quest, I've picked up that making money on the internet as a publisher is a tricky enterprise--especially if the project aims to be journalistic.

It didn't used to be so tricky. In the beginning, when advertisers didn't know anything about the internet or its users, they were much more willing to spend money on, say, a display ad. Now, they know how many users click on ads, and they know how long those people stay on the product's site. And they use both of these indicators to determine whether or not advertising on a specific site is worth their while.

Take for example a site like Ecopolitology, which is part of Matt Embrey's LiveOak Network. Say there's a Nissan Leaf ad on the site. I don't know what Nissan's sales strategy is, but it would make sense that they would be targeting readers of a site like Ecopolitology--which focuses on the politics of climate change and clean energy. But Nissan doesn't want to be paying for ads unless people are clicking AND reading about the Leaf, and this puts publishers like Embrey in an awkward situation. Already strapped for cash and somewhat at the mercy of the advertisers, it may not be a smart business decision to run a story that examines the drawbacks of electric cars, especially if it mentions the Leaf. On the other hand, posts examining the environmental benefits of electric cars, or a video that highlights the high-tech features the Leaf, is the kind of content that might inspire more click-throughs.

Obviously, every advertiser offers a different product, and each relationship is different. Some--like, for example, one with an online college, or a Haiti earthquake relief organization--are not so inherently awkward as the Nissan example. But still, the current situation is something wannabe publishers, as well as wannabe multimedia content-makers, should be thinking about.

2.04.2010

Q&A with Matt Embrey, co-founder and publisher of LiveOak Media

Over the past five years, the green blogosphere has become a force to be reckoned with. And I would bet it's here to stay, because the mountain of interesting news and information about sustainability-related topics is growing every day. I had a chance to chat via telephone with Matt Embrey, the co-founder of the green blog network LiveOak Media, and he had a lot of interesting things to say about content, building readership, and navigating the turbulent internet advertising market.

Q: How did LiveOak originate?

Matt Embrey:
It's actually an ongoing story because we're still coming together right now. A friend and I started with one site, called Green Upgrader, about two years ago. We both still work full-time jobs. Right off the bat, Green Upgrader was focused more along the lines of product-based, specific upgrades for your life. It started taking off and doing really well. It was on the early-middle half, I'd say, of the green uprising on the internet. Not quite as early as Sustainablog, which has been around since 2005, or Treehugger, which came before that. Anyway, it took off and it kind of morphed into a general green living site where we were publishing all kinds of news, from posts about corporate responsibility to interesting humanitarian issues. I realized we would be better suited to have separate channels for the stuff that's a bit more focused, and bring Green Upgrader back to just products. That's when I started working with Tim Hurst, and we started this network. And we're actually still in the process of rolling out the different channels. Ecopolitology will focus on policy and politics. Earth and Industry will focus more on sustainable business. And we have two more coming down the pike--one will focus on green technology, and one will focus more on advocacy and activism. Green Upgrader will still be there. That allows us to tailor the content more towards the audience. We don't have the resources to be a Treehugger and publish 40 articles a day, so we decided to refine the message down to these specific channels, and I think that makes for a better conversation with the readers.

Q: Did you find that specific types of content on Green Upgrader were consistently more popular than others?

ME:
Certain topics did get better engagement than others. What really drove it, though, was editorial engagement. It's fine to publish an article a couple people might post, but it's a much more enriching experience when the author of that article is posing a question to the audience or at least is responding to the comments and interacting in the social media area--wherever that story has moved on to. That way the conversation continues beyond the original post and article. That led logically to having the whole publication be more of a focused conversation, instead of bouncing around from topic to topic.

Q: So you found that the posts with more editorial voice were popular with readers?

ME:
Well, there's definitely a certain flavor that people tend to like. And I think when you engage the audience, either by posing a question or talking about something that is relevant to them, as opposed to just reporting on a piece of news, it tends to do a better. You can quantify popular in a different ways. Popular could mean that it gets picked up by a lot of other sites and syndicated in different ways--popular with bloggers and journalists. Other times it's popular because it gets a lot of comments on site. And the third way it could get popular is if it gets picked up on Digg or Twitter and it permeates like that. Social media is really geared toward the activism and advocacy sort of articles. People respond really well to that type of thing.

Q: What is your strategy for building readership?

ME:
When we started out, it was all social media traffic. We spent a considerable amount of time out engaging in social media with people, submitting to Digg and responding to comments and Twittering and whatnot. I was spending more time promoting these articles than I was actually writing them. But we've refocusing our efforts on quality editorial content as opposed to the social media. Social media is great way to get your content in front of a lot of eyeballs. At the end of 2008, if you got an article that was really popular on Digg, you could have 50,000 people come to the site in one day. But what ends up happening is that only a small percentage of those visitors stick and become readers, so the conversion from those types of social media aren't really high.

Q: How does the change in philosophy affect your revenue model?

ME: Right now we are all display advertising. You can get a lot of traffic from something like Digg, but it ends up watering down the conversation on the blog. You don't have a lot of engaged people, and those are the people that tend to be more interested in clicking on sponsored links and going through. So while advertisers are paying for every time the ad shows, they are also evaluating what kind of a return they are getting. They could put their ad on a site that gets a million hits, but if none of those people that go to that site actually care, then they've wasted their money. From the business standpoint, as a publication, you want to produce quality content and keep your readers engaged in a way that, hopefully, the advertisers will also fit into it. Otherwise, they'll advertise once and they won't come back.