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	<title>Paul Lomax - Two Point Oh &#187; Editorial</title>
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		<title>Paul Lomax - Two Point Oh &#187; Editorial</title>
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		<title>5 corner-stones of successful content and monetisation success</title>
		<link>http://twopointoh.co.uk/2007/03/11/5-corner-stones-of-successful-content-and-monetisation-success/</link>
		<comments>http://twopointoh.co.uk/2007/03/11/5-corner-stones-of-successful-content-and-monetisation-success/#comments</comments>
		<pubDate>Sun, 11 Mar 2007 23:24:04 +0000</pubDate>
		<dc:creator>Paul Lomax</dc:creator>
				<category><![CDATA[Conferences]]></category>
		<category><![CDATA[Editorial]]></category>
		<category><![CDATA[Internet Industry]]></category>
		<category><![CDATA[Media Industry]]></category>
		<category><![CDATA[Revenue]]></category>

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		<description><![CDATA[One of my favourite talks from the Online Publishers Association London 2007 Forum last week (8th March) was from Peter Horan, CEO of IAC (aka Ask.com) on the subject of what he calls Intent Driven Media. He talked about the impact of search on media, explained how the first five seconds of a user’s visit are crucial, suggested five corner-stones of successful content and finished on some great tips on monitisation. <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=twopointoh.co.uk&#038;blog=651163&#038;post=75&#038;subd=twopointoh&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a class="DiggThisButton DiggMedium" href="http://digg.com/submit?url=http%3A%2F%2Ftwopointoh.co.uk%2F2007%2F03%2F11%2F5-corner-stones-of-successful-content-and-monetisation-success%2F&amp;title=5+corner-stones+of+successful+content+and+monetisation%26nbsp%3Bsuccess"></a>One of my favourite talks from the <a href="/2007/03/10/online-publishers-association-global-forum-london-2007/">Online Publishers Association London 2007 Forum</a> last week (8th March) was from <strong>Peter Horan</strong>, CEO of <a href="http://www.iac.com/"><strong>IAC</strong></a> (aka <a href="http://www.ask.com">Ask.com</a>) on the subject of what he calls <strong>Intent Driven Media</strong>. He talked about the <strong>impact of search</strong> on media, explained how the <strong>first five seconds</strong> of a user’s visit are crucial, suggested<strong> five corner-stones of successful content</strong> and finished on some great<strong> tips on monitisation</strong>.</p>
<p>Here are the notes from Peter&#8217;s presentation on <strong>Intent Driven Media</strong>.</p>
<h4>How content was from Gutenberg to 2001</h4>
<ul>
<li><strong>One to many</strong> publishing.</li>
<li>Reader makes a <strong>choice</strong> based on <strong>brand</strong>.</li>
<li>Publisher controls <strong>timing</strong>, <strong>coverage</strong>, audience access to information and <strong>vendor access to audience</strong>.</li>
</ul>
<h4>Then Search happens</h4>
<ul>
<li><strong>Impatient readers</strong> expect to be <strong>in control</strong></li>
<li><strong>Every page</strong> is now a front door
<ul>
<li>
<blockquote><p>You should be getting at least 50% of your traffic from search engines.</p></blockquote>
</li>
</ul>
</li>
<li>The first<strong> five seconds</strong> are crucial!
<ul>
<li>A reader comes in from a search engine into an article page.</li>
<li>They will decide whether this page is for them within five seconds, before pressing the back button.</li>
</ul>
</li>
<li>The <strong>first sentence sells your article</strong> and keeps them on the page.</li>
<li>Magazine and newspaper writers assume people <strong>want to read</strong> their article – online you have to assume they <strong>don’t </strong>– hence no puns, plays on words or in-jokes.</li>
<li>Users will <strong>scroll down</strong> to your content, so they probably <strong>won’t even see your logo</strong> – convey your brand with colours etc.</li>
<li>You need to <strong>sell them the next click</strong>, so put related articles near the middle or top of the article. About.com got a 15% CTR when they did this.</li>
</ul>
<h4>Five corner-stones of successful content</h4>
<ol>
<li><strong>Relevance &#8211; </strong>Readers are looking for <strong>complete solutions</strong>.</li>
<li><strong>Resonance &#8211; </strong><strong>Expertise is relative</strong> – they are looking for the<strong> like-minded</strong>, pro or otherwise.</li>
<li><strong>Specificity &#8211; </strong>The <strong>specific</strong> always drives off the <strong>general</strong>.</li>
<li><strong>Speed &#8211; </strong>Readers need the <strong>content on demand</strong>.</li>
<li><strong>Comprehensive &#8211; </strong>Readers want the <strong>full story</strong>, so they value <strong>input</strong> from <strong>peers</strong>.</li>
</ol>
<p>So a mix of content is required, from <strong>broad to narrow</strong>; from <strong>small audiences</strong> (long-tail) to<strong> large audiences</strong> (mass) – delivered from a <strong>range of sources</strong>, from editorial content , blogs, UGC, Forums and ratings, reviews and comments . For example <strong>narrow</strong> content might be a search for <strong>gardeners in my area</strong>, whereas <strong>broad</strong> content might be an article about <strong>gardening trends</strong>.</p>
<h4>Tips for monetisation success</h4>
<ul>
<li><strong>Metrics drive innovation.</strong>
<ul>
<li>You can pretty much <strong>test everything</strong> on the web.</li>
<li>The ability to <strong>learn</strong> and to <strong>iterate</strong> is your <strong>competitive advantage</strong>.</li>
</ul>
</li>
<li><strong>Web development and design is a process, not an event.</strong>
<ul>
<li>The first day after a <strong>redesign</strong> is the worst.</li>
<li>The day you stop <strong>tweaking</strong> a website is the day it dies.</li>
</ul>
</li>
<li><strong>Make informed decisions, understand costs and benefits.</strong></li>
</ul>
<p><strong>Focus on three simple things:</strong></p>
<ol>
<li><strong>The cost of audience acquisition</strong>
<ul>
<li>Don’t make a net loss in driving traffic.</li>
<li>Consider <strong>PPC</strong> as a <strong>cost-of-sale</strong> rather than marketing.</li>
<li>Your online audience should be a <strong>superset</strong>, rather than a <strong>subset</strong>, of your print audience!</li>
</ul>
</li>
<li><strong>The cost of content creation.</strong></li>
<li><strong>Your rate of monetisation – ie yields. </strong>
<ul>
<li>And it’s not just about ads!</li>
</ul>
</li>
</ol>
<blockquote><p>“This is the age of <strong>atomised information</strong> bound by <strong>reader interest</strong>.” (as visualised by <a href="http://labs.digg.com/swarm/">Digg Swarm</a>).</p></blockquote>
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