Excellence Revisited: Past Models of Excellence speak at DataContent 2013

During the “Excellence Revised” Session at DataContent 2013, we will hear from past Model of Excellence honorees on how these companies adapted to industry-changing trends. BrightScope, DemandBase and WAND were among the first to be singled out for producing exemplary data products over 5 years ago. That was pre-cloud. Pre-social. Pre-crowd. Pre-analytics.

 

  • BrightScope took public domain data, but rather than simply selling it as sales leads like so many others, it flipped this data to make a useful and valuable benchmarking product that helps companies and their employees compare the quality and performance of their 401(k) plans.
  • DemandBase was billed the “iTunes store of business contacts,” aggregating data from a number of reputable data providers, adding several layers of value including prospect scoring, and allowing user to buy just the number of records they needed – no need to buy access to the entire database.
  • WAND sold a database publishing platform but with two unique twists: clients add listings and sell enhancements in their own markets, creating a vertical market online directory that also becomes part of WAND’s global directory. And to add a further level of value, all companies were coded against a sophisticated product/service taxonomy developed by WAND.

 What this session has come to underscore is the pace of change and innovation. It is also known as our “open the kimono” session, where the top executives from past InfoCommerce Model of Excellence companies review both the intervening years since they received their recognition, and their entire company history to answer some of these burning questions:

  • Is the product you initially came to market with the same one you are offering now and if not, what changed and why?
  • Just how easy or hard is it for an online start-up to compete with legacy print publishers and/or create entirely new product categories?
  • How has your mix of revenue sources changed over the years?  Is it much the same as at launch or have you found the mix is dramatically different from first envisioned?
  • As you built your business, did you discover unexpected revenue opportunities? If yes, did you pursue them, are they material to your revenues now, and what are the trade-offs involved in being opportunistic? 
  • What kinds of curveballs did you encounter along the way, and how did you deal with them?
  • What are the most important “lessons learned” you can draw out of your years at this venture?
  • What were the easiest aspects of launching your business and what were the hardest?
  • Could you start the same business you have now from scratch in 2013, or are things too competitive, too developed, too risky, etc.?
  • What’s your advice to both start-up entrepreneurs and established companies looking to launch new products in the near future?

What we’re interested in bringing out in this session is not just “what went right” but what went wrong, what didn’t pan out, what turned out surprisingly (either good or bad), how your business has evolved since it was started. Our goal is to leave the audience with useful insights and lessons they can apply to their businesses and new product launches.

During DataContent 2013, you will also have a chance to meet the 2013 class of the Models of Excellence program, network and have some fun at our annual Models of Excellence Networking dinner held at Cuba Libre.

Register Now

SIPAlert Daily – Learning the right mobile business model for you

I sat down next to Larry Schwartz, president of Newstex, at a roundtable at the recent SIPA Conference. The subject was tablets, and Schwartz showed me some of his company’s intricate and attractive mobile-design work—banner ads, interfaced rows of pictures, branded mobile apps.

“Things have changed a lot in the last 18 months,” he said. “There are a lot more self-serve tools. The hardest thing to figure out [for going mobile] is, how are you going to use it? What’s the purpose? What’s the model? There are some people who take all their time trying to find the perfect colors. Really.”

Schwartz will join Ed Keating, chief content officer for BLR, this Thursday in the second of SIIA’s Mobile Essentials Webinar series—Monetization and Business Models. SIPA/SIIA/ABM members can listen free by registering here. The first webinar made the business case; this one will help you build the right model.

Considering that this is just an hour of your time about something that might become a huge percentage of your business, it’s highly recommended. Mobile commerce now accounts for about one out of every 10 e-commerce dollars. Integrating mobile platforms into your overall business models and strategy is crucial.

A blog post on the comScore website at the end of last month listed five things that every marketer should know on this topic. It’s a helpful list:

1. Be there. “One out of every three monthly visitors to the average digital retailer website comes exclusively on mobile platforms. …retailers who do not (at a minimum) optimize their mobile browsing experience or introduce mobile apps are effectively turning away a third of their potential customers.”

2. Know thy customer. “Mobile apps drive smartphone retail engagement, while mobile browsing wins on tablets.” You probably don’t have the time or resources “to develop a fully optimized experience for every platform. Knowing how your customers engage with retail on their phones and tablets can help you better prioritize your efforts.

3. Prioritize. “Smartphones drive a higher share of m-commerce dollars than tablets, but less on a per device basis.” Tablets are gaining in numbers, however, so you’ll have an interesting decision on where to first focus your user experience.

4. Know thy content. “Retail category browsing can vary considerably by platform.” Basically it’s common sense but still important to think about. Is there a visual component to what you are selling or how you are selling? Perhaps you want people to see charts and graphs in your marketing? Speakers’ faces. That might do better on tablets, where apparel and home furnishing sales excel. Interestingly, health care is the only category listed that does better on smartphones, though it’s pretty close on books and consumer electronics.

5. Plan now. “M-commerce spending seasonality shows wider variance than traditional e-commerce.” It may be quiet now, but with holiday season lurking, expect a huge jump. “Consumers…are also increasingly comfortable using [their devices] to transact. Retailers with an advanced understanding of m-commerce will be able to most effectively deploy their assets and marketing resources during the year’s most crucial spending period.”

Schwartz went on to show me—on his tablet—a list of Time Inc.’s 25 top love story films of all time. It was impeccably designed. “They could easily do 100 and get sponsors for it,” he said. In other words, the sky’s the limit.

U.S. adults will spend more media time on mobile this year (19.8%) than on their laptops and PCs (19.5%). Tablets are sparking this trend. Last year, 10% of tablet time was spent watching videos; this year it’s 19%. Join us in this important webinar series. Register here now.

 

To subscribe to the SIPAlert Daily, create or update your SIIA User profile and select “SIPA interest.”


Ronn LevineRonn Levine began his career as a reporter for The Washington Post and has won numerous writing and publications awards since. Most recently, he spent 12 years at the Newspaper Association of America covering a variety of topics before joining SIPA in 2009 as managing editor. Follow Ronn on Twitter at @SIPAOnline

The Future Is Not Free

Russell Perkins, ICG

Post by: Russell Perkins, ICG

In a speech at the D2 Digital Dialogue conference yesterday, a top Macy’s marketing executive, in a true “I’m mad as hell and I’m not going to take it anymore” moment, made the following statement:

“Consumers are worried about our use of data, but they’re pissed if I don’t deliver relevance. … How am I supposed to deliver relevance and magically deliver what they want if I don’t look at the data?”

This question speaks directly to the larger issues facing the publishing industry today: how to make money in a world where today’s consumer wants everything … and nothing. Consumers want their content free of charge, free of advertising and free of tracking. And what do content providers get in return for all this freedom? Well, freedom from revenue.

Read more here

 

SIPAlert Daily – For Voci, analytics and engagement are team tasks

“Are you still interested in ‘Detroit’?” the subject line flashed on my screen. Detroit is a Pulitzer Prize-finalist play now in Washington, D.C. I had checked out ticket prices yesterday. “We noticed that you viewed ‘Detroit,’ but didn’t finish your purchase. The good news is, there are 8 dates available.”

Marketing of this type is pretty standard now, and it does make you look at your “destination” again. But in the current world of analytics and engagement—authentically voiced at SIPA’s recent Conference by Valerie Voci (pictured here), vice president, marketing, for CQ Roll Call—it’s just the beginning.

“We’re always looking to decrease the people who just leave,” she said. “We’re looking when they abandon, where they go when they abandon.”

Voci made clear that it is increasingly a team effort. “Some of the things the editorial team does [now] used to be on the marketing side. Editorial is looking every day on their most read stories. They’re looking at who’s referring [their readers] and where content is being shared. They’re learning from it and they’re making some changes.

“They’re certainly not going to change what they’re writing about. They have their goals as well. But they’re starting to see [that] this works a little bit better. They’re even going so far to look at placement on the site, how they’re creating images for their blogs, also looking at social measurement tools, so we have a lot of tweets from our Roll Call editors. [There’s a] Roll Call handle that our marketing manages; we’ll put some promotional things there. But mostly it’s about our content.”

Voci is happy to let the editorial people be the stars. Her job revolves around lead generation, so if social media can bring the audience closer to the reporters they follow, all the better. “We’re looking at our reporters and editors who are industry experts, to use them in different ways,” she said. “I didn’t know if this one great reporter would be good on TV and he’s amazing [in two-minute videos].”

CQ Roll Call has topic-specific Twitter handles, and reporters also have their own handles. “We’re looking at the activity—who’s following them, are they being retweeted, how many mentions?” Voci said. “Are they really engaging? So it’s changing from just looking at raw numbers to really analyzing it. You can see why that takes more than just a Webmaster and a marketing person.”

It takes an audience engagement team, collected from various departments. Listening to Voci—and you need to be attentive to do so; she talks qualitatively and fast—leaves you feeling that the ball is in your court. “We know who’s on our site,” she said. “We know what device they’re using. Mobile early, then desktop, then iPad usage around 10 o’clock at night—really people! 10 o’clock? But that’s what happening.”

She said they even know that people are illegally sharing passwords. “We’re not trying to be cops but trying to understand how people use our data and our content and their subscriptions so we can be better informed and we can better inform our sales team when it comes time for renewal. We’re looking at all the referrals.”

Speaking about renewals, Voci said, “We’re looking at critical points in the subscription cycle, 30 days [in], 60 days, 90 days and we’re starting to map now when people don’t renew. And seeing what their traffic was. We’re using a couple pieces of software for that and creating retention programs that kick in automatically when we reach these critical points. I like to fail fast and learn quicker… When they reach a threshold [of contact points], we’re scoring them. [Maybe they] filled out a survey, read a special report, read stories.”

She said that her team’s main job is to “nurture, nurture, nurture”—meaning that the leads they give to sales should be strong. “That forces the marketing team to think differently, a little more logically. [But you] have to put a lot of stuff in to get a lot of stuff out.

“You know how your prospects find you,” she said. All the information is there to track their behavior on your site. If you need more information, she suggested sending something out that you know your audience will value and respond to. CQ Roll Call is a thought leader when it comes to Congress, so when they sent out a survey based on their knowledge, it got a 71.7% open rate. And that gets them clean data.

They have gone as far as creating personas based on how people use their site. “Sometimes the mythology is that the person who reads free stuff will never buy paid stuff,” Voci said. “And in marketing we’re all about measuring. I want to prove that true or false. Because that will change what I do [and] will also help with product development—you need to constantly be developing.”

 

To subscribe to the SIPAlert Daily, create or update your SIIA User profile and select “SIPA interest.”


Ronn LevineRonn Levine began his career as a reporter for The Washington Post and has won numerous writing and publications awards since. Most recently, he spent 12 years at the Newspaper Association of America covering a variety of topics before joining SIPA in 2009 as managing editor. Follow Ronn on Twitter at @SIPAOnline

SIPAlert Daily – New finds in the crowded technology corridor

SIPA’s Marketing Listserv was brimming with activity yesterday with discussions on digital revenue, publication exit strategies and calculating the value of a subscriber. SIIA Content Division, ABM and SIPA members can sign up here for this valuable resource.  It’s a secure and actionable place to post, posit or postulate.

One of yesterday’s responses recommended Evernote’s Clearly for a “Zen like reading experience” (no ads or disruptions). Clearly makes blog posts, articles and webpages clean and easy to read. Publishers need to monitor this type of tool, especially ones who depend on digital ad revenue. Evernote is a service that works on your desktop or laptop, on your iPad, iPhone, Android phone, etc., and synchronizes your information across each platform. So if you take a note on your iPad, you can view it later on your smartphone, and vice versa. In addition, Evernote Hello lets you remember people easier—a good Conference tool—and helps to bring in information about those people you meet.

Here are a few more technology tips I’ve heard recommended around our digital water cooler.

- CamScanner turns your smartphone into a scanner. Users can scan documents by taking a picture with their phone’s camera and save them as pdf files. The app has some capability to recognize words in a scanned document, so you can search for phrases…

- I’ve heard good buzz about WalkMe. From its website: It “enables your business to simplify the online experience and eliminate user confusion. Think of it like a GPS, but instead of giving driving directions, WalkMe guides users every step of the way to successfully complete their online tasks.”

- Two tools from Google: First Click Free. If you offer subscription-based access to your website content, or if users must register to access your content, then search engines cannot access some of your site’s most relevant, valuable content. Implementing FCF for your content allows you to include your restricted content in Google’s main search index. Google is calling Helpouts “real help from real people in real time.” It’s a new way to connect people who need help with people who can give help. They’re “collecting” experts for now so might be worth it to “apply.”

- Speaking of Lifehacking, which someone referenced on the Listserv yesterday, Safely Go (free) for Android turns off your ringer and alert tones and sends an auto-reply to people who call or text you while you’re on the road.

- Grid is a new organizational app. Tap on an empty grid square and you can mark out an area of the document that suits your content.

- A new Poetry App lets users find poems by mood, subject and poet, as well as by browsing through online audio files. Might come in handy for your next marketing piece or spouse’s birthday.

I am quite sure that most of these “inventions” did not happen without some kind of group discussion, either in flushing out the idea or helping to develop it. That’s also the idea behind SIPA’s upcoming Fall Publishers Roundtable, Monday, Sept. 30, here in Washington, D.C. The topic is Creating Profitable New Products, and the two leaders, David Foster of BVR and Don Nicholas of Mequoda, will harness the amazing group knowledge that will be present to help you create the next new thing.

 

To subscribe to the SIPAlert Daily, create or update your SIIA User profile and select “SIPA interest.”


Ronn LevineRonn Levine began his career as a reporter for The Washington Post and has won numerous writing and publications awards since. Most recently, he spent 12 years at the Newspaper Association of America covering a variety of topics before joining SIPA in 2009 as managing editor. Follow Ronn on Twitter at @SIPAOnline

SIPAlert Daily – LinkedIn CEO talks about the ‘content experience’

Listening to Jeff Weiner, the CEO of LinkedIn—as I did yesterday in an online interview from the Tech Crunch Disrupt SF 2013 Show in San Francisco—you hear the familiar notes of today’s publishing business. He calls his LinkedIn audience “members.” “Relevant” and “curation” are two of his favorite words. And he acknowledges how crazy busy everyone is (though insistent that we set aside time to think and strategize).

Yet, content is not king at LinkedIn; the content experience is. Weiner’s goal is to create the “most relevant content experience” for his members. “The objective for us is to be the definitive professional publishing platform,” he said, “to make it as easy as possible for publishers and anyone to share professionally relevant content, and for our membership to be able to tap that business intelligence.”

Obviously, it works for them. In yesterday’s column, I wrote about the value of good storytelling, but also how hard that is. “Most small businesses go wrong because they’re creating content that’s just okay—and okay content doesn’t cut through the clutter,” an expert warned. LinkedIn has found other ways to cut through the clutter.

- Let experts speak for themselves. Weiner talked up their Influencers feature that showcases people like Richard Branson and Jack Welch.

- Curate. Weiner said they have “world-class editors” looking for the most relevant content for you.

- User content. LinkedIn now wants more than your resume. They want experiences, articles you’ve written, ambitions, any photos you’ve taken and “rich media” like keynotes you’ve given. (Video!) It’s your inferred identity, Weiner said that they’re after.

“If we were going to offer original content, I think it would be a very lightweight layer,” Weiner admitted. He ensures that LinkedIn’s editorial does not come at the “exclusion of machine learning and data optimization or social connectivity and viral dynamics. Our job is to package up the most relevant content we can find for our members…We want to be in a position where you can put your best foot forward. And that may happen through partnerships or our own platform.”

I’m not reporting on all this to promote LinkedIn. They certainly don’t need it. It’s more the model they’ve developed. They try to make everything they show us relevant and personal, be it content, our connections, or the groups we want to join. And they’re doing all this by creating “lightweight” content at best. As niche publishers, you have the heavyweight content; now you must strive to make it personal and valuable—and yes, relevant—to each of your subscribers/members.

One last thing. Weiner wrote a blog post a few months ago titled The Importance of Scheduling Nothing. He spoke of the demands that we all have, especially business leaders. “If you’re not carving out enough time to just think, or schedule impromptu meetings or get out from under your inbox, it can really start to compound and get worse,” he said. “So I’ve made it a point to carve out buffers. I gray out portions of my Outlook calendar. It’s really time to do just that, to think and think strategically, where we ultimately want to go. These are things that take time, and you don’t want to have interruptions and constant context switching that limits your time to be effective.”

He said that this has also given him time for coaching—so if someone is experiencing a problem, he can find a coachable moment and share an experience that he’s had. “This can pay huge dividends,” he said.

I believe Weiner would be very much in favor of you taking time to attend one of the in-person events that we have coming up, be it the SIPA Publishers Roundtable on Sept. 30, Data Content in mid-October or the Las Vegas Marketing Conference in December. Just the plane or train ride alone might give you that time away he’s talking about.

 

To subscribe to the SIPAlert Daily, create or update your SIIA User profile and select “SIPA interest.”


Ronn LevineRonn Levine began his career as a reporter for The Washington Post and has won numerous writing and publications awards since. Most recently, he spent 12 years at the Newspaper Association of America covering a variety of topics before joining SIPA in 2009 as managing editor. Follow Ronn on Twitter at @SIPAOnline

DataContent Early-Bird Registration Ends Today: Save $300

At DataContent 2013, we will identify best practices and trends in Data Content and Publishing, providing you with an insider view of what is working and where things are heading so you can leverage data in your business to deliver new products and services to your customers.

Russell Perkins and the InfoCommerce Group have partnered with the SIIA to present DataContent 2013, October 15-17, in Philadelphia. Over two days, teams from media, publishing and information services companies will learn how to turn data into successful new data products.

Early-bird registration ends TODAY. To save $300 on your DataContent 2013 registration.
To register and receive your Early-bird Discount, please register at: www.siia.net/datacontent/2013/register.asp

For your convenience, here are other relevant links to learn about the event:

On behalf of everyone at the SIIA and the InfoCommerce Group, we hope to see you in October!