Monetization models in new media.
Guest hosted by Christopher Penn, who is normally found hosting the Financial Aid Podcast. Recorded from Boston, Massachusetts, USA and published for Tuesday, January 2, 2007.
Subscribe to the New Comm Road podcast. It’s free, and it ensures you won’t miss a single episode! Find us in the iTunes store or paste this feed into iTunes or your podcatching software of choice: http://feeds.feedburner.com/NewCommRoad
IN TODAY’S SHOW:
There are three models for making money in new media:
1) Audience to advertiser
2) Audience to service
3) Audience pays
Which model you choose depends on your goals. Fundamentally new media is still about media:
+ Communication
+ Entertainment
+ Information
One way or another, the audience pays the bills.
Who has what models?
+ Audience to advertiser - Podshow, Podtech, Feedburner, ad networks
+ Audience to service - Student Loan Network, corporate sponsors, targetcasts
+ Audience pays - Ze Frank, Ricky Gervais
What model is best?
+ What are you doing?
+ Audience to advertiser works pretty well
+ Driven by high volume
+ Audience to service works well too
+ Narrow focus means more work to gather audience and gain trust, but
can deliver impressive margins and returns
+ Audience pays — the jury’s still out on this one
How do you get started? Hit the NEW COMM ROAD MAP:
+ Determine your audience
+ Audience to advertiser - look for networks that are least restrictive
+ Audience to advertiser - look at affiliate programs, too!
+ Audience to service - you’ll know how to get this started
+ If you have a service, it needs a story - check out the recent thoughts on Managing the Gray No. 20 about brand
+ Audience pays - Audible.com, Blip.tv, Revver.com, and Ze Frank’s model
NEW COMM ROAD CITATION:
+ Podshow.com
+ I went to find CC Chapman’s new show, One Man’s Thoughts.
+ Where the devil is the RSS feed?
+ In fact, where is anything?
+ I ended up inspecting the page’s source code to get the RSS feed
+ How to improve it — make stuff obvious
+ CTA is the key to the kingdom
MUSIC:
+ From the Podsafe Music Network: Drive Away, by Matthew Ebel
+ From GarageBand.com: Still Holding On, by Rantings of Eva
* This show can also be found on Blubrry.
YOUR FEEDBACK:
Technorati Tags: Christopher Penn, New Comm Road, Ricky Gervais, Podshow, Ze Frank, Blip.tv, Revver.com, Audible.com, making money in new media
LISTEN:
Running time: 00:20:32
Direct download this episode, or listen using the player below!
7 Responses
C.C. Chapman
05|Jan|2007 1Well my experimentation certainly worked. I haven’t touched the site or said much about it because I was curious how people would discover it, subscribe to it and such. You certainly found what I thought might happen.
Anyone who is interested the feed is http://feeds.feedburner.com/oneguysthoughts
Thanks for checking it out.
Christopher Penn, Financial Aid Podcast
11|Jan|2007 2Thanks for having me on the show, Bryan!
Jason Van Orden
12|Jan|2007 3Chris mentions that in order to get people to pay for your content you have to have something unique that they can’t get anywhere else. I have to respectfully disagree.
As an online information marketer, I have found that people are willing to pay a premium for content even if they could find it elsewhere for free. This is true for many reasons:
* People want leadership. If you make yourself trusted source of information, people will pay to have you guide them and tell them what they need to know.
* Not everyone knows how to find the info for free
* Many people value there time and would rather pay someone to present the info in a filtered and organized way rather than go looking for it themselves.
Christopher Penn, Financial Aid Podcast
12|Jan|2007 4Interesting. I suppose a good part of my view is based on what I will and won’t pay for - which is an admittedly tiny sample size of one. For me, part of the process of acquisition of knowledge is the process of obtaining it. Having it handed to me is good in the short term to get something done, but to master a topic and extract maximum value from it, I personally find that I need to create, extract, or deeply study the topic at hand.
I’d argue that unique content could definitely command a premium price as long as the value was apparent.
In the end, it’s all about value, and you’re right that for some people, time is more valuable than money. For me, the process of knowledge very often has more value than the knowledge itself.
Thanks for the reminder that my sample size is too small!
Podcasting Underground | Podcasting Tips for Podcasters
11|Mar|2007 5[…] idea for this episode came from a conversation that started when I commented on Episode #22 of the New Comm Road […]
New Comm Road » Blog Archive » NCR 024: Best uses of Technorati
12|Mar|2007 6[…] comments on Episode 23 and my interview with Grammar Girl + Jason Van Orden and Christopher Penn comment on Episode 22 and whether people will be willing to pay for content that could be available elsewhere for free + […]
Financial Aid Podcast Daily Free MP3 Internet Radio » Top 5 Things You NEED To Know To Leverage AppleTV and iPhone in New Media
22|Nov|2007 7[…] for someone who’s not technically adept. You get one chance to get them to your content. See New Comm Road 22 and Managing the Gray 20 for more on these […]
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ADIPEX
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ZOLOFT
METFORMIN
OXYCODONE
PROZAC
VARDENAFIL
SOMA
VICODIN
LORAZEPAM
CELEBREX
PAXIL
FLOMAX
CARISOPRODOL
BONTRIL
CIPRO
ZYRTEC
KLONOPIN
TADALAFIL
ADDERALL
PHENTERMINE
RENOVA
TYLENOL
ZOLPIDEM
VIAGRA
ULTRAM
LEVITRA
CODEINE
TRAMADOL
VALTREX
LEXAPRO
VALIUM
AMBIEN
HYDROCODONE
RIMONABANT
LORTAB
XANAX
HOODIA
ZYBAN
OXYCONTIN
TENUATE
CLARITIN
WELLBUTRIN
TESTOSTERONE
KAMAGRA
ATENOLOL
MERIDIA
SILDENAFIL
DIAZEPAM
FIORCET
XENICAL
ADDERALL
VARDENAFIL
LORAZEPAM
HOODIA
PAXIL
TADALAFIL
CIPRO
CODEINE
MERIDIA
SILDENAFIL
TYLENOL
SOMA
VIAGRA
KAMAGRA
FIORCET
VALIUM
RIMONABANT
OXYCODONE
VICODIN
ZYRTEC
VALTREX
FLOMAX
ATIVAN
CELEXA
HYDROCODONE
CLARITIN
PROZAC
WELLBUTRIN
PROPECIA
ACOMPLIA
DIAZEPAM
OXYCONTIN
XANAX
LEVITRA
RENOVA
LORTAB
TESTOSTERONE
LEXAPRO
DETOX
CIALIS
METFORMIN
BONTRIL
AMBIEN
ZITHROMAX
ULTRACET
IONAMIN
ULTRAM
ALPRAZOLAM
KLONOPIN
ZYBAN
ALLEGRA
ZOLOFT
PHENTERMINE
CELEBREX
TRAMADOL
ADIPEX
TENUATE
CARISOPRODOL
ZOLPIDEM
ATENOLOL
TESTOSTERONE
SILDENAFIL
XANAX
ZYBAN
OXYCODONE
RENOVA
VALIUM
ZITHROMAX
AMBIEN
TADALAFIL
CIPRO
VICODIN
MERIDIA
HOODIA
CELEXA
VARDENAFIL
PROPECIA
DETOX
ALLEGRA
KLONOPIN
LEXAPRO
CELEBREX
VIAGRA
ZOLOFT
IONAMIN
TENUATE
KAMAGRA
LORAZEPAM
ZYRTEC
PROZAC
ULTRACET
FLOMAX
ATENOLOL
VALTREX
ALPRAZOLAM
ZOLPIDEM
ULTRAM
DIAZEPAM
TRAMADOL
HYDROCODONE
ACOMPLIA
CLARITIN
CARISOPRODOL
CODEINE
RIMONABANT
SOMA
TYLENOL
LEVITRA
LORTAB
BONTRIL
ADDERALL
METFORMIN
ADIPEX
FIORCET
OXYCONTIN
XENICAL
ATIVAN
PAXIL
CIALIS
WELLBUTRIN
PHENTERMINE
CELEXA
HYDROCODONE
XANAX
ADDERALL
FIORCET
ALLEGRA
TESTOSTERONE
HOODIA
LEXAPRO
ZYBAN
ZITHROMAX
PROPECIA
ULTRAM
TYLENOL
KAMAGRA
ALPRAZOLAM
VIAGRA
ATIVAN
LORTAB
PHENTERMINE
BONTRIL
TENUATE
VALIUM
RIMONABANT
SOMA
ADIPEX
LORAZEPAM
WELLBUTRIN
FLOMAX
CIALIS
ZYRTEC
RENOVA
ULTRACET
XENICAL
OXYCODONE
TADALAFIL
LEVITRA
DIAZEPAM
MERIDIA
OXYCONTIN
IONAMIN
ACOMPLIA
METFORMIN
TRAMADOL
PAXIL
VICODIN
CODEINE
CIPRO
ZOLOFT
CARISOPRODOL
CLARITIN
KLONOPIN
CELEBREX
AMBIEN
VARDENAFIL
VALTREX
ATENOLOL
SILDENAFIL
DETOX
PROZAC
ZOLPIDEM
ACOMPLIA
PHENTERMINE
ZYRTEC
TADALAFIL
TRAMADOL
DIAZEPAM
XENICAL
ULTRACET
CLARITIN
ATIVAN
OXYCODONE
SILDENAFIL
LEXAPRO
OXYCONTIN
KLONOPIN
PAXIL
AMBIEN
CARISOPRODOL
ADDERALL
VALTREX
HOODIA
ALLEGRA
METFORMIN
CIALIS
TENUATE
CELEBREX
PROZAC
LORTAB
ULTRAM
CODEINE
SOMA
PROPECIA
RENOVA
ZYBAN
LORAZEPAM
VARDENAFIL
KAMAGRA
HYDROCODONE
DETOX
ZOLOFT
FLOMAX
RIMONABANT
IONAMIN
ADIPEX
ZITHROMAX
TYLENOL
TESTOSTERONE
MERIDIA
ALPRAZOLAM
CIPRO
BONTRIL
ZOLPIDEM
XANAX
VICODIN
LEVITRA
WELLBUTRIN
VALIUM
FIORCET
CELEXA
VIAGRA
ATENOLOL
DETOX
IONAMIN
ACOMPLIA
ULTRAM
MERIDIA
OXYCONTIN
ZOLOFT
CELEBREX
RIMONABANT
ZYBAN
ULTRACET
FLOMAX
RENOVA
ADDERALL
FIORCET
ADIPEX
CODEINE
SOMA
VALTREX
CIALIS
DIAZEPAM
TRAMADOL
KAMAGRA
HOODIA
TESTOSTERONE
HYDROCODONE
SILDENAFIL
ATIVAN
LORAZEPAM
CIPRO
LEVITRA
VICODIN
AMBIEN
XENICAL
PAXIL
METFORMIN
ALPRAZOLAM
LEXAPRO
CARISOPRODOL
ATENOLOL
PROPECIA
VALIUM
LORTAB
CLARITIN
TYLENOL
XANAX
OXYCODONE
KLONOPIN
VARDENAFIL
TENUATE
CELEXA
WELLBUTRIN
ZOLPIDEM
ALLEGRA
ZITHROMAX
TADALAFIL
ZYRTEC
BONTRIL
PHENTERMINE
PROZAC
VIAGRA
BONTRIL
TYLENOL
TRAMADOL
CIALIS
HOODIA
CELEBREX
ACOMPLIA
TADALAFIL
KAMAGRA
PHENTERMINE
ADIPEX
LEVITRA
KLONOPIN
LORTAB
HYDROCODONE
VARDENAFIL
VICODIN
ATENOLOL
ULTRACET
CODEINE
ZOLPIDEM
DETOX
LORAZEPAM
METFORMIN
FLOMAX
ADDERALL
SILDENAFIL
CARISOPRODOL
CIPRO
ZYRTEC
OXYCONTIN
TENUATE
ALLEGRA
SOMA
VALTREX
ALPRAZOLAM
RENOVA
PROZAC
TESTOSTERONE
VALIUM
ULTRAM
XANAX
ZITHROMAX
RIMONABANT
XENICAL
CLARITIN
ZYBAN
PAXIL
ZOLOFT
VIAGRA
DIAZEPAM
ATIVAN
MERIDIA
LEXAPRO
CELEXA
FIORCET
WELLBUTRIN
OXYCODONE
PROPECIA
AMBIEN
IONAMIN
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