It’s ironic that even as we consumers spend more time consuming online content, we seem to value it less.
That’s value with a small “v” … we value it, we just don’t want to pay for it!
On the flip side, revenue needs to come from somewhere to sustain online content creation.
Despite this apparent dilemma, we’re optimistic about the future of online publishing!
Why? Technology offers some powerful solutions benefitting content creators, digital publishers, and consumers.
No Free Lunch: The 3 Faces of Content Monetization
Let's look at the value of content from three perspectives, and see where the interests of these three groups meet.
1. The Content Consumer:
Consumers are smart and know there’s no free lunch.
Marketing land reported that while we might complain about ads, 92% also agreed that ads are the cost of all the content we enjoy.
Do Consumers Prefer an Ad-Supported Content, or Paying for An Ad Free Internet?
Professional content creators – editors, writers, and others – are caught in the middle. The creative class is clearly being squeezed, and a new model is needed to adequately value the content they produce regardless of its form.
Bloggers are an interesting subgroup. If we were to sum up the content monetization strategy of this group, the statement “Give it Away” would apply.
A blogger's thought leadership is their brand, and the goal is usually to use site traffic to drive sales of other products and services. So, better tools (like repubHub!) are needed to extend the reach and visibility of content.
Economics dictates that bloggers and other content creators need reliable sources of revenue.
The decision of how best to monetize online content creation is still a very individual one, but 21st century tools that make content distribution and licensing easier than ever, are readily at hand.
3. The Online Publisher
Of all the communities that we serve, the adage, “If you don’t like the weather, just wait awhile and it will change” might best apply here.
Digital publishers are challenged with finding the balance between paid and free, new advertising solutions that work, and innovative ways to unlock the value in the content they produce.
We may be reinventing a business model as the balance moves to online delivery, but our basic human need for information and entertainment has not changed.
The Future of Digital Publishing
What’s on the horizon?
The value contained in “big data” has barely been tapped. New technologies are making it ever easier to extend the reach and extract the value of high-quality content.
Now, it’s your turn. What are your predictions for the future?
- Which will win … open access to content, pay walls, or something else entirely?
- What other solutions and technologies will emerge to help content creators and digital publishers monetize their content?
- Or has the game changed, and big data is the new content? (thanks to a blog commenter for that thought) ...
Leave a comment, and let us know what you think the future holds for content creators and online publishers.
Make Your Publishing Strategy Work Harder: Take repubHub for a Spin!
Would you like to get broader distribution for your original content?
We'd like to invite you to contribute your content to repubHub. It's free to join--and adding our toolbar is easy. It can be installed in under a minute with our WordPress, Drupal, or other CMS plug-ins.
repubHub can also serve as a great source of republishable content for your site.