March 14, 2012

The Pay-For Content Debate

Every business, big or small, needs a healthy and regular revenue stream to maintain quality and continually improve what they do. Running a content website is no different. If you believe you can achieve your financial goals whilst giving your content away for free, then do it, but as Warren Buffet famously said “only when the tide goes out do you discover who’s been swimming naked.” As the recession bites, there will be a lot of website owners exposed to the harsh truth.
The good news is a lot of the rubbish on the web will disappear and the quality content will become more visible. The key to success is generating multiple revenue streams.
  • Every content website should provide free content. This will drive traffic, help build credibility and, of course, generate some advertising income.
  • Affiliate marketing will become more important in bad times as merchants try to get more bang for their marketing bucks. Online publishers need to hook into this lucrative market.
  • eBooks, research and other downloadable products should be sold.
  • Events, webinars and courses should be created and promoted via the site.
  • Every website owner should strive to find a way of getting monthly subscription income to give their site financial stability.
Ultimately, free content is good, but you need paid content to survive.
The recession will lead to thousands or maybe millions of free content websites closing down.
I think this is a good thing.
As Eric Schmidt, the CEO of Google, recently said the internet is a cesspool of false information. A major clearout will give oxygen to quality content and allow it to float to the surface.
If you are already an online publisher producing quality content for a niche target audience, keep going, your time has come.
If you are considering setting up a niche online publication, I would say there has never been a better time to get started, since the internet began …. provided that:
  • You focus on creating fantastic content
  • You know your audience
  • You plan on making multiple revenue stream(including, if possible, subscription revenues)
  • You understand that it will take hard work and persistence

March 12, 2012

Is the Secret to Twitter Success Link Sharing?

When it comes to using Facebook to promote your business or blog, it seems pretty straightforward as to how exactly to use it. Sure, there are always things we can learn to help boost our Facebook fan numbers and interaction with them, but as far as structure goes, it’s pretty simple.


But what about Twitter? What’s the secret to Twitter success? According to this article, it’s link sharing. The article is rather long, but basically what it’s saying is that we have the same basic tool – 140 characters – but it’s exactly how you use those that counts.

A few interesting studies have been published lately that
all seem to point to the same conclusion –
the secret to Twitter success is driving links.

This infographic shows the top reasons why people follow brands. For Twitter, it shows the third reason is interesting or entertaining content – so link sharing.



The article sums up Twitter success as seeing what works best for you. Do you get better results when you do one link a day, link to a video, say something before the link that grabs your followers’ attention?

What do you use Twitter for the most? Getting information, entertainment, interacting with your followers and do you think link sharing is the key to Twitter success?



By Jennifer Pricci

February 3, 2012

7 Unwritten Rules Of Social Media

Social media seems easy especially because the barrier to entry is low. You can be up and running on any social media platform in minutes, and usually for free. In reality, social media is hard for exactly the same reason. When the barrier to entry is low, the barrier to attention is high.

The fundamental path to succeeding with social media is to consistently contribute meaningfully—engaging with you should make the lives of those engaging more meaningful. The bonus would be to achieve this without adding costs to the others.

As you think through your social media strategy, here are seven unwritten rules of social media.

1. Connection does not imply permission
Many social networks make it easy for you to connect with anyone. You can follow someone on Twitter, Quora or Google Plus without needing their permission to do that. A small percentage of them might follow you back. If they do, you have a two-way connection. Don’t confuse the two-way connection as permission to interrupt them. You need to build a relationship and there is no shortcut for that.

2. Access does not imply entitlement
When you connect with someone on a social network and start engaging with them, you have access. Don’t assume that they owe you something because you are now engaging them on social media.

3. Activity is not productivity
The barrier to create content on a social network is virtually non-existent. This means that you can write whatever you want irrespective of whether it makes sense or not. You can get extremely busy with social media— trying to post anything and everything. In your enthusiasm to share, you might drop the quality of what you share and that’s when the problem starts—people will silently start to ignore you.

4. More is not better
When what you write about is a hit for some reason, you tend to end up doing more of it on social media forgetting that everything has a lifecycle of its own. What’s hot today may not stay hot tomorrow and what’s hot tomorrow may not stay hot. So trying to do more of what works does not guarantee success—you need to adapt all the time.

5. Reciprocation is optional
Don’t do anything with an expectation that someone will reciprocate back. Equal actions don’t create equal impact on social media. Say you have a 1,000 followers and you share something from another person who has 10,000 followers. Expecting him to share something from you would mean you are expecting someone to give back ten times of what you gave them.

6. Amplification without accomplishment is futile
Social media is a great amplifier. But fundamentals of mathematics are always at play. You can multiply zero with anything and the result will still be zero. You need relevant accomplishments as the foundation and social media can help amplify them. Sans accomplishments, it’s hard to amplify. Unless your business is to make money with social media, you have to get out of social media and spend time on building some meaningful accomplishments. Once you have them, you can use those to extend your influence using social media.

7. Engagement without enrichment is not effective
You are only as rich as the enrichment you bring to the world around you. When you enrich someone, you make their life more meaningful—at home or at work or in both places. Social media provides an excellent opportunity enrich people’s lives. Engagement for the sake of engagement can only make you get tired. Engage with an intention to enrich and you will not only win with social media but also makes this world a better place.

January 14, 2012

5 Simple Rules for Digital Marketers

  1. Listen, engage, and participate.  Measure social media initiatives and tie these measurements back to business value, but keep in mind: it's not a one-way street.
  2. Develop a mobile strategy, but realize that mobile is not a channel - it's a platform.
  3. No mater the medium or technology, marketers still need to deliver relevant and engaging content to customers.
  4. Heard the terms marketing and ROI used together lately?  Take it to heart.  With tight budgets, allocating spending and measuring its ROI will continue to be a running battle in marketing departments.
  5. It's too tough out there to commit budgets without a clear return in sight.  Being able to demonstrate value of marketing initiatives back to the overall business objectives is paramount (i.e. what the CEO cares about).

By Jennifer Pricci

January 4, 2012

*Branded* Content is King

According to a recent study by the Custom Content Council and ContentWise, 78% of U.S. marketers plan to shift investments from traditional marketing to branded content marketing. More specifically, 62% are “moderately” making the shift, while 16% are pursuing it “aggressively.”

The study found that branded content marketing spending reached its highest level ever in 2011, just shy of $2 million per company. This accounted for 26% of overall marketing, advertising, and communications budgets for the year, and 30% of marketers expect their content budgets to increase in 2012.

Why content?

The top-ranked reasons are:
  1. To educate customers (49%)
  2. To retain customers (26%)
  3. To increase brand loyalty (14%)
Similarly, marketers believe content marketing is more effective than:
  1. Magazine ads (72%)
  2. Public relations (69%)
  3. Direct mail (69%)
  4. Television ads (62%)
Is your brand pursuing a branded content marketing strategy?


By Jennifer Pricci