Online Business Models
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Web-Based Business Strategies and Monetization Models
Curated by Robin Good
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In The Age of Attention Scarcity Content Curation Is a Revenue-Maker Because It Saves People Time

In The Age of Attention Scarcity Content Curation Is a Revenue-Maker Because It Saves People Time | Online Business Models | Scoop.it
Robin Good's insight:



How can content curation in a niche information area be monetized? Ask Joe Wilkert.


He writes: "There’s too much content out there anyway and I certainly don’t need access to even more of it. What I really need is more curation and less volume.


I want someone else to read it all and then tell me what I absolutely need to read.


They act as a filter and I pay them because they save me time and make me smarter."


The article points to the added value that traditional content publishers can offer their readers by opening the gates to community curators, who, by doing what they like the most, can bring back lots of more subscribers and attention to their brands.


"...There are sports experts, business experts, local community experts, etc. These curators are reading everything you’re publishing and picking the best of the best... They in turn publish their lists to a whole new set of subscribers; these readers pay for access to only the content recommended by the curator, not the full editions.


The best curators float to the top and drive more subscriptions than the others and you pay them a commission for each subscriber they bring in. Curators establish brand names for themselves, as in, “hey, if you’re into travel you need to subscribe to Bob Thomas…he finds all the best travel articles so I don’t have to.


But there's more, as Mr Wilker points out. The opportunities don't end there.



Rightful. Recommended. 8/10


Full post: http://www.olivesoftware.com/3/post/2014/04/-community-curation-by-joe-wikert.html 


Reading time: 3' mins.



See also: http://jwikert.typepad.com/the_average_joe/2013/06/curation-and-personalization-not-discovery.html 


Image credit: Honey dripping by Shutterstock




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Brandon Meek's curator insight, May 6, 2014 11:38 AM

With so many great writers with great ideas, it only makes sense that we collect the things we find interesting and share them with others.

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Business Models for Journalism: Where The Real Opportunities Are

Business Models for Journalism: Where The Real Opportunities Are | Online Business Models | Scoop.it
Robin Good's insight:



Vincenzo Marino does an excellent reporting job on the International Journalism Festival news site, by summarising and distilling the good stuff emerging from an interesting and sustained debate on Twitter (Business Models for Journalism - Storify) on the state of online journalism and its potential future business models, initially kicked off by entrepreneur and Netscape co-founder Marc Andreessen.


Among the highlights, what Andreessen calls “the most obvious eight business models” for now and the future:


1. Quality journalism for high-quality ads

2. 
Succeeding in making readers subscribe and pay for value products


3. Premium content worth buying


4. Relying on live conferences and events


5. Investing across multiple channels


6. Crowdfunding ("Gigantic opportunity especially for investigative journalism")


7. Offering the option to pay in Bitcoin for micropayments


8. Keeping an eye on philanthropy (like ProPublica and Pierre Omidyar's First Look Media)


One stratospherically important point to take home from this valuable roundup is the following: 


"The role played by quality, however, is crucial especially when analyzed in the light of the tendency of the market to expand, creating less accurate content.


The challenge is to make a product (or brand) a point of reference, a lighthouse in the night of uncontrolled content and viral hoaxes."



Informative. Resourceful. Insightful. 8/10


Original article: http://www.journalismfestival.com/news/state-of-the-media-and-possible-business-models/ by Vincenzo Marino 


Reading time: 12 mins.





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Paywall or Open Distribution? Can Media Companies Fight Aggregation and Curation? | GigaOM

Paywall or Open Distribution? Can Media Companies Fight Aggregation and Curation? | GigaOM | Online Business Models | Scoop.it

Robin Good: Matthew Ingram has just published a great article on GigaOM about the news media industry and the increasing realization that the content it produces is more often than not found, discovered, shared and read somewhere else from that content originated.


He writes: "...one other thing that becomes clear from the Pew report is just how big a role aggregators of all kinds — both human and machine-powered — are playing in news consumption.


Despite the growing evidence to the contrary, many newspaper companies and other traditional media outlets still seem to think the vast majority of their audience comes to them directly and prefers to read their content above all other sources.


More than anything else, this is the core philosophy behind the rise of paywalls — which more and more papers are implementing — and also the millions of dollars that media companies have poured into developing iPad apps and other walled-garden-style approaches to news delivery. The assumption is that readers will want only the content that comes from that specific outlet."


But this is not anymore the case. 


"What does all of this mean for media companies?


More than anything, it means that trying to recreate the scarcity of content that used to exist in print — when media outlets controlled not only the creation of news but the platforms through which it was distributed — by using paywalls and subscription apps is fundamentally a losing battle.


...One response to that is to shrink your audience down to those who will pay, as some outlets like the Financial Times have done and several of Rupert Murdoch’s British papers are trying to do.


The other approach is to be as open and distributed as possible, to try to take advantage of the democracy of distribution instead of fighting it, and then to find other ways to monetize that audience and their attention, whether it’s e-books or live events or the “reverse paywall” model Jeff Jarvis and others have proposed.


Either way, aggregation and curation are the new reality of media, whether media companies like it or not."


Must read. 9/10


Full article: http://gigaom.com/2012/03/19/if-you-have-news-it-will-be-aggregated-andor-curated/ 

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Future of Music Business Is About Access, Relevance and Context

Explore the largest community of artists, bands, podcasters and creators of music & audio
Robin Good's insight:



Valuable audio interview of Peter Petro with Gerd Leonhard who explains what are the key traits that will characterise successful music projects in the near future.


Distribution is closing, Access is opening. Curation will play a relevant role as the new key traits to cultivate are about context, relevance and adding unique value.


Free.




Insightful. 8/10



Listen from 3':30" to 6':15".


Original audio interview:  https://soundcloud.com/the-near-future/gerd_leonhard_interview 





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Mangu TV's curator insight, March 14, 2014 8:57 AM

far out thinking, highly recommended

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How Do You Properly Compensate Content Creators When Content Curation Is The New King?

How Do You Properly Compensate Content Creators When Content Curation Is The New King? | Online Business Models | Scoop.it

"The curator is getting more cred for recognizing good content than the creator is for making good content."


Robin Good's insight:



Tara Hunt, has an interesting article spotlighting the fast growing importance that curators are gradually gaining on the Internet and on the subsequent need to find ways for properly compensating original content creators.


She writes: "...while creators are necessary and amazing, curators are the ones raking in the dough.


I was alerted today by a friend that a video that Carlos and I made for Vine that had become super popular (over 118,000 likes + 77,000 Re-vines) was featured on a Facebook page called Best Vines and making its way around (with over 230,000 likes + 46,000 shares). The page owner lifted the content off of Vine and reposted it on his own page (no credit back to the original). This page has over 6.2M likes.


Now, this video of Ridley took us all of 30 seconds to make and we had no idea it would ‘go viral’, but for people like Will Sasso who appears to make it his full-time gig to make entertaining, engaging content on Vine and other places, this would probably be a bit of a violation. 


The curator is getting more cred for recognizing good content than the creator is for making good content."


And she is definitely right.


But as she correctly points out, there are already effective solutions in place, such as the YouTube authorship claiming facility which allows for original creators to digitally mark their own creations while giving full permission to curators to leverage and re-distribute them. This YouTube approach is the one that makes it possible for content creators to receive a share of the advertising revenue coming to YouTube, even when their clips are curated and played back on other sites.


The opportunity is there, not just for textual content, but also for video, music, photography and all of their sub-categories to be curated and monetized for the benefit of everyone.



Insightful. 8/10


Full original article: http://tarahunt.com/2013/07/20/creationcuration/




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Deanna Dahlsad's curator insight, July 22, 2013 12:34 AM

Thought provoking, however, montetization of curation is still very limited. Scoop.It & others offer no means for monetization at all. Like content creation, & most everything on the net, compensation for cuation is still a giant question mark.

Monica S Mcfeeters's curator insight, July 23, 2013 7:26 AM

I've heard everyone from Jaron Lanier to Tim Berners-Lee and a number of other noteworthy tech brains bring up this topic up. How do the creators of content and innovative ideas cash in on the contributions they have made that everyone is passing along and sharing? No one wants their work and thoughts stolen and most everyone I know wants creative people to keep creating what we need and want and would like them rewarded and to be able to earn a decent living doing that. This article is about how we can make sure that happens.

corneja's curator insight, July 23, 2013 5:24 PM

Thanks for this reflexion about contents and their creators in the times of the content curation!  Sorry, I didn't intend to make a rhyme. :-/