Paid content: Not a question of price, but of relevance
Many reports have stated that the hope for Apple's ipad is that it does for newspaper and periodical content what iTunes did for music. Music, however, is a commodity people are used to paying for...online news and information is not.
Sure, people pay for news when they purchase a newspaper. But look at the value differential--50 to 75 cents for all that news and advertising information. That's cheap. When news organizations first put content online without pay walls, the expectation was set even lower. It will take a long time to change this consumer attitude. Nick Szabo's 1996 essay on "price granularity" still rings true--comparing the value of goods might require a mental expenditure greater than the price of those goods.
And that is fine because the question really isn't if content should be free or should cost money; the question is how do we get people to look at it? If they don't feel it is necessary to view, it doesn't matter if it is free or not. That's what escapes the debate over free vs. paid. The work that needs to be done first is to reduce the mental expenditure required for readers to gauge the value of our content.
Step one is to ensure that content is repurposed for maximum reach. Are you delivering information in the formats people most prefer? At PTA, our readership is still fairly traditional. They consume information on the website through browsers and our e-newsletters through their e-mail programs. However, iPhone usage is growing steadily and we will be looking to optimize content for it soon. What ways does your audience want to receive the information?
Step two is to conduct a relevancy check. Are you delivering the information that your audience finds most relevant? Or are your news and information choices based on what has been done in the past? Have you conducted a survey lately? Have you asked your neighbor what he/she thinks of the publication? Have you asked readers what is important in their lives? Publications need to fill empty information niches (and there are plenty...but you have to ask people what they are).
Step three is to get back to basics. Readers (in all formats) will always respond to strong writing and compelling narrative. You need headlines and subheads with impact. You need clear, simple sentences free of jargon. You need to be aware of format, too. The web is not a print medium. Write appropriately--shorter sentences and paragraphs, for instance. Don't neglect emerging formats. Twitter is not a joke. It can serve as a lead-in to larger content.
Follow these steps and then worry about what and when to charge.
Labels: paid content, readership, relevance, Szabo
