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Don’t Blame Media’s Business Model
REDEF ORIGINAL: The Attention Economy Crisis: The Future of Content, Commerce and Culture
Joe Marcheseredef.com
The business model for writers is dead. Writers write to please social media algorithms and advertisers instead of their audience.
Chris Best • Unbundling Journalism | Chris Best on Venture Stories
There are extremely compelling reasons to consider diversified revenue streams. Expanding revenue beyond ads allows for the simple fact that people’s preferences change. Digital marketing experts estimate that Americans are exposed to around 4,000 to 10,000 ads daily. There is a point where you can no longer stuff more ads down a consumer’s throat;... See more
Connie Chan • Outgrowing Advertising: Multimodal Business Models as a Product Strategy
The apparent limitation of the ad-supported media business model is that there will never be enough traffic to satisfy the beast. But while subscription revenue is stickier and gives creators more runway and short-term security, eventually the flame that started any new project will be extinguished. A new muse will need to be found.