Archive for March 10, 2010
The alternative to charging for content – and still make money
Mar 10th
Publishers are faced with an ever growing challenge as print sales slip and readers largely reluctant to pay for content online.
Sure they could start simply churning out advertorial. That would surely keep the advertisers happy, but where’s the editorial credibility or ethics?
A new tool could well be the much sought after holy grail offering to monetise content both ‘seamlessly’ and ‘ethically’.
It comes from Skimlinks, a content monetisation service that we picked up on UTalkMarketing some time ago, and now operating on more than a half million sites – blogs, newspapers, content networks and forums – worldwide.
Fans include the Mirror.co.uk, whose Head of Digital, “SkimKit places the content and the commercial opportunity together,” said Paul Hood, has praised the content and the commercial mash-up.
“The editors have complete control over the content that they’re selecting and the commercial happens automatically. We’re not missing any opportunities,” he adds cheerfully.
Skimlinks helps website publishers by automatically turning normal retailer links in their editorial content into affiliate links. Each time a user clicks through and makes a purchase, the website earns a commission from the retailer. Simples, eh?
So why is it important? Well, the service is ideal for publishers lacking the resources or capacity to harness affiliate marketing as a revenue source, in a market that industry analysts predict will grow to $4 billion in the U.S. by 2014.
Now a new desktop tool – SkimKit – aims to empower editors and bloggers to easily produce revenue-generating content in a way that critically distances them from the commercial side of the process.
The tool offers a live, searchable database of millions of products from Skimlinks’ merchants. The tool lets publishers research, find and link to products they are writing about, with immediate access to deeplinks and image URLs.
It also features a service that creates shortened, monetised links for use in Twitter and email newsletters, turning a means of communication into a potential revenue source.
While SkimKit makes the creation of content more efficient for publishers, it is also more lucrative. So, if a publisher chooses to feature a product found in the tool, they earn a commission on the sale.
“Skimlinks gives publishers a way to generate revenue streams beyond banner ads and text ad units by making the most of the commercial value of the content they are already writing,” says Alicia Navarro, CEO and co-founder of Skimlinks.
“SkimKit makes it even easier by allowing editors and bloggers to actively play a role in the monetisation process without feeling any impact on their integrity or impartiality, as they are still writing about the kinds of products and retailers they normally write about.”
Apple makes a splash with product placement
Mar 10th
The UK government has confirmed on various occasions in various proposals that it will eventually allow product placement on British TV to provide a new revenue stream for beleaguered commercial broadcasters – the time to move on this is now, as Apple as proved.
Last year, the Apple brand dominated the product placement industry with the tech giant appearing in 18 of the 44 films that topped the box office last year including Drag Me to Hell, Orphan, The Hurt Locker and Funny People.
The statistic excludes several other Apple product placements in movies that did not top the box office – Apple really is everywhere and it’s clearly a brand that’s willing to pay big bucks. So when can the UK expect to see some of that dosh?
Italy’s government approved a decree that allows product placement on TV earlier this month. Its decision is expected to benefit Prime Minister Silvio Berlusconi’s Mediaset broadcaster and at the same time lowers the amount of advertising that pay TV players can broadcast begging the question: will product placement replace traditional TV advertising?
With more and more TV shows being watched and downloaded via the internet, product placement looks to be the silver bullet to lost revenues and a sure fire way to get your brand into the hands and infront of cosumers on the go.
Brand analysis firm Margaux Matrix estimated last month that product placement on Coronation Street could be worth up to £330,000 per week to broadcaster ITV.
Placing point-of-sale and poster advertising in key locations around the set of the show is estimated at being worth a further £230,000 on average across the episodes.
Margaux Matrix also said that if alcohol product placement was permitted it would bring in a possible £181,000 a week, representing an additional annual income of over £9 million.
This is clearly a market waiting to be exploited, as demonstrated by such brands as Apple already.
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