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A Business Model Is The Place To Start From: Not a Business Plan - Steve Blank

A Business Model Is The Place To Start From: Not a Business Plan - Steve Blank | Online Business Models | Scoop.it

Where did the idea that startups write business plans come from?


In the early days of venture capital, investors and entrepreneurs were familiar with the format of business plans from large companies and adopted it for startups. Without much thought it has been used ever since.

 

A business plan is the execution document that existing companies write when planning product-line extensions where customer, market and product features are known. The plan is an operating document describes the execution strategy for addressing these “knowns.”


A startup is not about executing a series of knowns. Most startups are facing a series of unknowns – unknown customer segments, unknown customer needs, unknown product feature set, etc.


That means that writing a static business plan first adds no value to starting a company, as the plan does not represent the iterative nature of the search for the model.

 

From the Wall Street Journal article intro: "A retired eight-time serial entrepreneur, Steve’s insight that startups are not small versions of large companies is reshaping the way startups are built and how entrepreneurship is taught. His observation that large companies execute business models, but startups search for them, led him to realize that startups need their own tools, different than those used to manage existing companies."



Bio & Books: http://blogs.wsj.com/accelerators/steve-blank/


Free & Near Free Tips: http://steveblank.com/2012/11/27/open-source-entrepreneurship/ 



 


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Optimal Business Model for the Future of Content Publishers: Subscriptions - Here's Why

Optimal Business Model for the Future of Content Publishers: Subscriptions - Here's Why | Online Business Models | Scoop.it
The half-forgotten subscription model deserves our praise and renewed attention. In the Digital Age, it has become more popular than ever.
Robin Good's insight:



An excellent in-depth article by Kent Anderson analysing the key advantages and benefits of the subscription business model for news and content publishers of all kinds.


Key advantages of subscription model according to author:
 

  1. Integrity of relationship publisher - subscriber
     
  2. Greater privacy for subscribers
     
  3. Drives and rewards innovation


The article cites and points to many relevant examples and companies which utilize a subscription model and are successful at it.


"The subscription model is allowing music publishers to compete with iTunes. It is allowing Amazon and Target to compete with grocery stores. It is allowing the Washington Post to reimagine itself. It is allowing editors to make a living selecting the best from the rest. It is your cell phone, your wearable, your streaming service.


The subscription model isn’t a relic.


It just may be the hottest and best business model around."



Informative. Insightful. 8/10


Full article: http://scholarlykitchen.sspnet.org/2014/06/30/hiding-in-plain-sight-is-the-subscription-model-the-optimal-business-model-for-the-digital-age/ 


Reading time: 13'




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Why Bootstrapping Is a Better Choice for Value-Driven Startups

Why Bootstrapping Is a Better Choice for Value-Driven Startups | Online Business Models | Scoop.it

"In the age of startups and micro-enterprises, the first thing you hear about, when it comes to creating a new company, service or digital product is a whole new glossary of words starting ranging from venture capital to angel investors."

Robin Good's insight:



Does a startup really need to raise venture capital?


I guess it depends on what its goals and values really are.


If you are after the magic opportunity to do what happens to one in a thousand startups when it is bought up by a giant company like Google, then you shouldn't hesitate to party down with the VCs. 


But if you are after creating something that has personal value for you beyond the money that it will make, if you want to keep steering the direction of your service and if you don't like to come down to many compromises, then be very careful about jumping on the VC funding train.


Here my own thoughts and ideas on why it is so important, for those in this second group, to avoid the funding dream and to go after a bootstrapping (and possibly crowdfunded) approach. 



Full article: http://www.masternewmedia.org/bootstrapping-startups-guide/ 



Martin (Marty) Smith's curator insight, April 20, 2014 8:54 PM

I changed the title here because the longer you can bootstrap your startup the less you give up and the more you get for your hard work.

Brenda Collins's curator insight, May 8, 2014 3:37 PM

If you can boot strap your venture then do so before talking to investors. Gather around you people who have no vested interest in your company except your success and will speak honestly to you. 

OneView Tunis's curator insight, June 15, 2014 4:12 AM

Profitabilité vs. service rendu. Tout se décide dès le début

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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 





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

far out thinking, highly recommended

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Create and Manage Your Affiliate Program with Tapfiliate

Create and Manage Your Affiliate Program with Tapfiliate | Online Business Models | Scoop.it
Tapfiliate is in-house affiliate software, hosted by us in the cloud. It helps you to create and manage your own affiliate programs.
Robin Good's insight:



Tapfiliate is a new commercial web app which allows small publishers and online businesses to easily set-up and manage their own affiliate program.


The service integrates the ability to have new publishers sign-up as affiliates, to determine commissions (fixed or %), to provide the promotional materials and and affiliate links to use, and to set for how long tracking cookies will work.


Prices stat at $19/mo for up to 300,000 tracking events and with unlimited affiliates. 


I have set up an account and an affiliate program, and found everything easy and straightforward to set up. I'd recommend Tapfiliate for small businesses looking for an easy, reliable and simple to manage solution.


Pricing: https://tapfiliate.com/#pricing 


Try it out now: https://tapfiliate.com 





Kam Roy's comment, March 10, 2014 2:15 AM
thanks
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The Future of Music Revenues May Actually Not Be in Selling Music

The Future of Music Revenues May Actually Not Be in Selling Music | Online Business Models | Scoop.it

"Even as they have grown, streaming companies have encountered a stubborn problem: Music lovers will consume large amounts of music as long as it is free, but getting them to pay a monthly subscription has proved much more difficult."

Robin Good's insight:



People are more than happy to sign-up for music streaming services, but when it comes to pay for access, very few feel it is something they want to do.


Pandora has for example 70 million users, but only 3 have decided to pay for the Premium version of the service.


While most industry players are attempting to have music fans pay for higher quality audio options and a no-ads experience, it is likely that the future of music monetization will not be anymore in direct music sales.


"Several analysts doubt that streaming companies can attract enough paying customers with only recorded music, citing a sharp drop in music sales over the past decade and abundant free music online. And they say it will be difficult for them to survive on advertising alone."

 

The key to survival for music producers, whether large or small, may be indeed elsewhere.


"...some see these companies’ success as lying in a so-called subsidy model, in which music sales support another business with higher margins.


Apple, most notably, used low-margin music sales to spur demand for iPods, phones and computers.


Music is an accompaniment, to add to your jog, your workday, your prep in the kitchen,” said James L. McQuivey, an analyst for Forrester Research. “But it’s not something you’re eager to pay for if you don’t have to.


The likely outcome is, as it is already happening, that monetization will come from everything that ranges from events, to merchandising and to collector's items. 


Informative. 7/10


Full article: http://www.kansascity.com/2013/12/13/4691034/a-stream-of-music-not-revenue.html 


(Image credit: Woman listening to streaming by ShutterStock)



Luke's curator insight, December 16, 2013 6:10 PM

I think this will eventually succeed, once large online platforms like Beatport try it. It might take some time though.

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Minimum Viable Product: Seven Real-World Examples

Minimum Viable Product: Seven Real-World Examples | Online Business Models | Scoop.it

You don’t want to waste your time and money building a product no one will want to use or pay for. So, first get out of the building and talk to your customers. But there’s a world of difference between talk and action.

Robin Good's insight:


To build a new business online, it may prove quite effective to develop minimum viable products of the services your community is asking for, before moving all of your resources and money to build a full-featured and complete version.


Vladimir Blagojevic has curated a selection of seven useful minimum viable products that have been already created, as to provide an inspirational reference to anyone wanting to embark on the same journey.


"A minimum viable product is “that product which has just those features and no more that allows you to ship a product that early adopters see and, at least some of whom resonate with, pay you money for, and start to give you feedback on”.


For each one he has provided a good description of the real-world example, a screenshot and good story-description of how the minimum viabe product was put together.


Resourceful. Instructive. 8/10


Full guide: http://scalemybusiness.com/the-ultimate-guide-to-minimum-viable-products/ 



Russell Holcombe, CFP, MTx's curator insight, November 16, 2013 12:48 PM

Great article on testing new ideas in business.

Jason Holman's curator insight, December 29, 2013 8:16 PM

good examples to live lean

Oliver Durrer swissleap.com's curator insight, October 22, 2014 2:22 PM

The notion of "MVP" or "Minimum Viable Product" is a key element of Eric Ries' book The Lean Startup. The idea is to test an MVP with early adopters to reach product-market fit as quickly as possible through real customer feedback and validation of underlying growth and value hypotheses. Avoiding to waste time and resources on developing a product that nobody wants. Still - very surprisingly to me - the number one reason for Startup failure, according to this source: http://sco.lt/8gFEh7

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Key New Traits Characterizing Sustainable Business Models by Jeremiah Owyang

Robin Good's insight:



Jeremiah Owyang, a partner at the Altimeter Group, has published a valuable presentation outlining the key traits characterizing sustainable business models in the near future.


The key takeaways include: 


  1. The market sees purposeful brands that stand for something specific
     
  2. Local and personalized wins always over global
     
  3. Crowds are becoming like companies - bypassing 
    inefficient intermediaries
     
  4. On-demand wins always over standardized offerings
     
  5. Business models may need to be changed along the way 
     
  6. Partnering with your customers is the key to the future 



Excellent trends analysis. Owyang is right on target with his future of business models identikit. 



Check the full presentation here: http://www.slideshare.net/jeremiah_owyang/the-future-of-business-models 



(HT to Giuseppe Mauriello)




Marcos Otero's curator insight, October 15, 2013 7:31 PM

The new type of enterprise

Tom Hood's curator insight, February 22, 2014 8:24 AM

Great find by Robin Good and timely as we just had a session with Rita McGrath (author of the End of Competitive Advantage) emphasizing the impact of disruption and the need for a different mindset around resilience. This preso by Jeremiah Owyang gives some great tips for thinking about the types of shifts in business models we should be thinking about. 

 

Slide 13 captures these shifts well:

 

1. Purpose (start with why) is key

2. Glocal wins - Global reach and mindset delivered locally (relationships)

3. Personalize everything possible

4. On-demand 

5. People make and share - collaboration and co-creation with your customers

6. Empowered people

 

This is important for CPAs to understand as they advise and support their businesses (clients and employers). Business models are no longer stagnant or as Rita would say, sustainable over a long-term. Thus we need to be constantly re-examiming our competitive advantages.

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A Free Business Model Canvas Generator: Abizmo

A Free Business Model Canvas Generator: Abizmo | Online Business Models | Scoop.it
The easiest Business Model Canvas generator. Create your project canvas in 2 steps only.
Robin Good's insight:



Abizmo is a free Business Model Canvas generator. Easy and intuitive to use, it auto-saves your work and works great on the iPad.


To use it, you leave your name and your email and then you get two links: one to a private editable version of your BMC and the other to the public version.


Free to use.


Try it out now: http://abizmo.com/ 




GreatBusinessContent's curator insight, September 30, 2013 4:32 PM

This is not a "free" business model generator, it is a software program built on the "free information" business model.  

 

I looked through this and there is some solid information even if you don't purchase this software.  The 78 page info graphic style explanation does an excellent job of talking about offering "free" and monetizing a portion of your information.  

 

Play around with it and let me know what you think.

Ken Burnett's curator insight, October 10, 2013 2:16 PM

Getting it together! Lets make some dough!

Paul P Roberts's curator insight, October 11, 2013 3:44 PM

As someone that does a lot of business planning this tool looks very interesting. It's simple design output also makes me wonder whether this could be adapted in the market research market, a one page insight delivery might inspire more detailed and focussed work.

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Customize and Accept Recurring Payments Online from Any Country with Peakium

Customize and Accept Recurring Payments Online from Any Country with Peakium | Online Business Models | Scoop.it
Accept payments on your terms, without altering your service, product or subscription model.
Robin Good's insight:


Peakium is a commercial web servive which makes it easy to customze and manage recurring subscription payments while allowing online sellers to offer multiple alternative payment solutions.


Peakium facilitates the personalization of subscription offers according to the specific needs of your service and customers.
.
Peakium is agnostic to the payment method and can connect to just any type of payment gateway available making it easy to accept payments in many other formats beyond the standard credit cards.
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Price: $159/flat/mo
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Find out more: http://peakium.com/ 
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Kasper Christensen's comment September 6, 2013 10:33 AM
Thanks for the scoop on Peakium, Robin!
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Google Helpouts: Not With Friends But With Teachers

Google Helpouts: Not With Friends But With Teachers | Online Business Models | Scoop.it
Robin Good's insight:



Google has made public a new service built on top of Google Hangouts and which allows qualified users to deliver online coaching and mentoring sessions on just about any topic. Either for free or for a fee. Google will handle payments and keep 20% of the compensation you receive.


From TheNextWeb: "Google is currently testing Helpouts — touted as “a new way to connect people who need help with people who can give help, over live video, anytime, anywhere”.


The new service will be tied into Google+ and it’s basically Google Hangouts: not with friends, but with teachers."



More info: http://thenextweb.com/google/2013/08/21/google-quietly-introduces-helpouts-google-hangouts-that-connect-people-to-experts/ 


https://support.google.com/helpouts/#topic=3164466 


Reserve your seat right now: https://helpouts.google.com/welcome 





HUBMODE's curator insight, July 28, 2014 11:59 AM

L'HUmain au centre,parler,demander,en continu!

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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/




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. :-/

 

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New Business Model for Traditional Publishers? Paid Curated Selections of the Best from the Week

New Business Model for Traditional Publishers? Paid Curated Selections of the Best from the Week | Online Business Models | Scoop.it



Robin Good's insight:



The Atlantic launches this week a paid, weekly curated selection of its best stories called the Atlantic Weekly.


From AdWeek: "The Atlantic Weekly will collect the week's best stories from TheAtlantic.com, The Atlantic Wire and The Atlantic Cities, as well as selections from its In Focus photo blog and an article from the magazine’s archive (reproduced as it originally appeared in print), reformatted as a magazine for the iPad and iPhone.


...will cost $1.99 for a single issue. Readers can also subscribe for $2.99 a month or $19.99 a year."


The reason for choosing this new direction sums up to this confession from editor in chief James Bennet: "Our concern has been that some of our better [online] pieces can get lost during the week, and that we’re not serving our readers as well on the weekend when there is time to lean back and digest a good idea."


"...will users pay for a magazine filled mostly with content that they can access for free on the Web?"


What do you think?



Original reporting from Adweek: http://www.adweek.com/news/press/atlantic-launches-paid-product-150392




Tom George's curator insight, June 18, 2013 10:11 AM

Robin Good's commentary is far better than mine

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Sell, Rent or Offer Video Subs On Your Commercial Video Channel: Pivotshare

Sell, Rent or Offer Video Subs On Your Commercial Video Channel: Pivotshare | Online Business Models | Scoop.it
Pivotshare helps media creators and publishers sell their digital video content direct to their audiences, on our platform or your own site.
Robin Good's insight:


Pivotshare is a web service that allows any author or independent publisher to create a professional-looking video venue where to showcase, organize and (optionally) sell access to video and audio content.


Video channels created on Pivotshare will have a personalized URL such as robingood.pivotshare.com, and you can further brand the channel with your selected profile picture or logo and your favorite background.


Video channels can be displayed as "showcases" or "libraries" depending on the quantity of material you have available, can be embedded on any web site and can be easily viewed across all types of screens and devices, from desktop to mobile.


On Pivotshare you can upload directly .MP4, .MOV, .SWF, .FLV, .AVI, and .MP3 files and organize them into discrete collections. You can add names, descriptions, relevant tags as well as decide how you want to make this material accessible.


You can for example let everyone see freely certain content, while at the same time making a "tip jar" facility available and setting your preferred minimum tip level. Or you can decide to set a "monthly subscription price", rather than a "rental" or "purchase" fee.


Check this image to get a better idea: http://o7.no/15Mgscw


It is also possible to invite and collaborate with other authors / publishers contributing all to the same video channel.



Pivotshare is definitely a gret solution for independent authors and publishers, who are looking to start their commercial video channel online with the minimum effort and the maximum of results.


There are no costs involved. Pivotshare keeps a fixed percentage of your incoming revenues (unclear how much exactly).


Free to use.


More info: http://www.pivotshare.com/


Try: http://www.pivotshare.com/try/


Channel examples: http://www.pivotshare.com/#featuredchannels




Robin Good's curator insight, May 9, 2013 6:03 AM

Recommended.

Mr Tozzo's curator insight, May 14, 2013 9:20 AM

Create a Professional Video Channel Where To Sell and Rent Your Clips: Pivotshare

ozempic hup's curator insight, August 21, 2023 6:47 AM

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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




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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Getting Funded with Venture Capital: Why It May Not Be Such a Good Idea

Getting Funded with Venture Capital: Why It May Not Be Such a Good Idea | Online Business Models | Scoop.it

"You are more than three times as likely to crash your startup as you are to ring the NASDAQ opening bell."

Robin Good's insight:



Rachel Chalmers illustrates five key reasons why it may not be such a great idea to get your startup funded by venture capital.


These include: 


  1. Not getting a fair hearing

  2. Rising capital means losing the YOU and giving in to financial interests as the primary drivers

  3. The majority of VC funded companies will not ever generate any venture success

  4. You are not going to have full control anymore

  5. Venture math is a harsh mistress 


Key advice: VCs are optimizing for a very specific outcome (making a large as possible profit fast). Share that alignment, or don’t take their money.


Chances to convert a startup into a VC-funded success, are not very high, if you look at the numbers. But worse than that, is what you have to endure and give up to achieve that goal.


Useful. 7/10



Full article: http://modelviewculture.com/pieces/five-reasons-not-to-raise-venture-capital 

Reading time:  7 mins.


See also: http://www.masternewmedia.org/bootstrapping-startups-guide/ 







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Optimize Your Ad Revenue with SwitchAds

Optimize Your Ad Revenue with SwitchAds | Online Business Models | Scoop.it

Op

Robin Good's insight:



Switchads is an automatic auction ad platform that allows you to have multiple ad networks compete for your the minimum CPM price that you set.


For example if you are running Google ads on your site you can activate SwitchAds easily and your Google ads will be replaced with alternative and higher paying ones, only if there are advertisers meeting your minimum set CPM.


In their words: "Using SwitchAds unique technology, we provide your website with access to increased advertiser budgets by getting them to bid on your inventory in an auction. This increases the competition and price for the advertising on your website."


In this way your risk is zero and you can only possibly gain some extra revenues.


Switchads makes money by adding his small commission on top of your minimum set CPM revenue. 


You can check stats and revenues in real time.



N.B.: I am currently testing Switchads on the top banner space of MasterNewMedia but I have too little data to yet express an evaluation. 


The only drawback I encountered has been setting my minimum CPM in British pounds.



Free to use.


Try it out now: http://switchads.com/ 


How it works: http://switchads.com/index.html#how-it-works 


FAQ: http://news.switchads.com/frequently-asked-questions 






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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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How To Distribute and Sell Your Music Online: A Guide for Independent Musicians

How To Distribute and Sell Your Music Online: A Guide for Independent Musicians | Online Business Models | Scoop.it
Robin Good's insight:



Budi Voogt has recently updated his excellent musician's indie guide to digital distribution for independent musicians containing lots of useful information and good advice.


He covers most everything you need to know, from which are stores that matter to the types of payment deals available and their pros and cons as well as the different distributors options you have and their contract terms.


My comment: If you are an independent musician looking to better understand what options you have available to sell and distribute your music online, check this guide out.


Informative. Resourceful. Recommended. 8/10


Full guide: http://www.hypebot.com/hypebot/2013/11/the-indie-musicians-guide-to-digital-distribution.html 




MeVsEriebody's curator insight, September 22, 2021 12:19 PM
I find this very helpful for beginner artist and/or artist taking the independent route simply wanting to learn how to reach fans all across the world and profit from it.
DeMontae Young's curator insight, September 23, 2021 5:05 AM

I find this very helpful for beginner artist and/or artist taking the independent route simply wanting to learn how to reach fans all across the world and profit from it.

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Identify Valuable Business Opportunities with the Consumer Trend Canvas

Identify Valuable Business Opportunities with the Consumer Trend Canvas | Online Business Models | Scoop.it
Robin Good's insight:


Trendwatching.com, a web magazine devoted to analyze, research and report about upcoming consumer trends, has released the Consumer Trend Canvas (inspired by Alex Osterwalder's).


The free CTC has been designed for anyone interested in looking deeper into the innovation and business opportunities available by looking into the specific traits of new consumer trends.


The Consumer Trend Canvas per se is nothing else but a printable PDF framework that contains instructions, tips and examples as well as a full-page structured canvas that help you analyze any possible consumer trend.


"An easy-to-follow framework that will help you not only unpack and understand any consumer trend, but also help you apply it to launch successful consumer-facing innovations of your own."


More info: http://www.trendwatching.com/trends/consumertrendcanvas/ 


Consumer Trend Canvas: http://www.trendwatching.com/trends/pdf/2013-10%20CONSUMER%20TREND%20CANVAS.pdf 




Alessandro Rea's curator insight, October 17, 2013 5:06 AM
CONSUMER TREND CANVAS:

An easy-to-follow framework that will help you not only unpack andunderstand any consumer trend, but also help you apply it to launchsuccessful consumer-facing innovations of your own.

 

 

How & when to use the CONSUMER TREND CANVAS:Download your blank Consumer Trend CanvasTake the trend that you are interested in exploring further (either from us, or elsewhere!).As you analyze the trend, fill out the left hand side of the canvas (‘Understand’) with insights, data and examples. Then use the ‘Apply’ section on the right hand side to capture your ideas.Keep on circling back to re-examine how the segments relate to each other. Insights in one segment may highlight other elements of the trend and help you uncover truly novel concepts.Also, try using it to structure an innovation session with your team or a client. Then enjoy that ‘a-ha!’ moment as people both understand what a trend is all about, and how to make the most of it ;)

 

Read More: http://www.trendwatching.com/trends/consumertrendcanvas

Elías Manuel Sánchez Castañeda's curator insight, November 17, 2013 2:44 PM

A significant percentage of working-age Mexicans (PEA: economically active population) have no chance of finding a job as an employee, so it needs to develop the ability to use tools for self-employed or start a business. A useful tool is the Business Model Canvas, which allows a review sheet nine key concepts that has any business, and develop knowledge and actions that increase the likelihood that the company move forward.

Un porcentaje importante de los mexicanos en edad de trabajar (PEA: Población Económicamente Activa) no tendrá oportunidad de encontrar un trabajo como empleado, por lo que necesita desarrollar la habilidad de utilizar herramientas para auto-emplearse o para iniciar un negocio propio. Una herramienta útil es el Model Business Canvas, que nos permite en una hoja repasar nueve conceptos clave que tiene cualquier negocio, y desarrollar conocimientos y acciones que incrementan la probabilidad de que la empresa siga adelante.

Birgitta Edberg's curator insight, March 29, 2015 3:53 PM

Buiness Model Canvas and Customer Trend Canvas. Visualization make the Thinking Process Easier.

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The Pros and Cons of Paid Content Models

The Pros and Cons of Paid Content Models | Online Business Models | Scoop.it
Do Paywalls Change the Engagement Equation? - The Huffington Post

 

Jake Batsell seems to think so, saying that while advertising-driven models of digital journalism aim to maximize page views, when news organizations introduce online subscriptions "it reconfigures the benchmarks for success."


Which leads to the question: What are online readers willing to pay for digital content?


It's one of those complex issues troubling publishers, editors and reporters who have to worry about producing enticing content to compete with the plethora of digital fare, and, ensure the success of their revenue streams.








Via Lelio Simi
Robin Good's insight:

Paid Digital Content: The Journey Begins, a report by the World Association of Newspapers and News Publishers (WAN-IFRA), uses case studies to explain successes, failures and transitions news organizations are experiencing in attempts to get readers to pay for what they consume.


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Future of Books (and eBooks) May Be Via Subscriptions

Future of Books (and eBooks) May Be Via Subscriptions | Online Business Models | Scoop.it
The launch of eBook subscription service Oyster has set the proverbial cat among the pigeons in the publishing world.  Publishers and authors are frantically trying to work out just what on-demand ...
Robin Good's insight:



From the original article by Mark Mulligan: "Subscriptions are clearly the best product set media companies currently have for monetizing the consumption era.


For the music industry they continue to raise as many questions as they answer, but for books they might just be the ticket to genuine digital prosperity."


Here's a few reasons why:


Book Subscriptions Offer a Much Clearer Path to Additive Revenue than Music - because books take longer to read than a CD does to listen, authors and publishers should see greater revenue margins.


Per-reader value versus per-title value - If an author or publisher is simply think in terms of 1 sale becoming 1 rental then it is a net-loss scenario. But if just over twice as many people read the book then it is a net-gain scenario. The more people that subscribe and the more that read more books – the Consumption Quotient -the more likely that subscriptions will become additive rather than substitutive.


The author also suggests that the book industry has a key advantage in that it can learn a lot from the mistakes already done by the music subscription industry and can avoid repeating them by paying attention to a few key elements such as:


  • Transparency
  • Curation
  • Discovery
  • Pricing
  • Video and multimedia native support



Insightful. 8/10


Full article: http://musicindustryblog.wordpress.com/2013/09/11/what-the-music-industry-can-teach-book-publishers-and-authors-about-subscriptions/ 



(Image credit: Subscribe road sign by Shutterstock)







Robin Good's comment, September 22, 2013 3:39 AM
Rodrick: print books are here to stay for quite some time still, as there will be, like in your case, always some demand for this unique medium. Print publishers will have to reorganize and rethink their business strategy to remain profitable.
Ghouti Kerzabi's curator insight, September 24, 2013 6:19 PM

Le lancement du Livre abonnement Oyster de service a mis le chat proverbial parmi les pigeons dans le monde de l'édition. Editeurs et auteurs sont frénétiquement essayer de travailler sur tout ce que la demande ...

chen kc's curator insight, October 10, 2013 12:40 AM

http://www.staged.com/video?v=WQce like this video content...i like this....great visualise...subscription...?

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The Business Model Gallery: Best World Examples To Be Inspired From

The Business Model Gallery: Best World Examples To Be Inspired From | Online Business Models | Scoop.it
Robin Good's insight:


The Business Model Gallery is a growing database of curated business models canvases gathered from a diverse set of companies operating in different sectors.


For each company you can analyze its updated "business canvas" in which you can see at a glance the key value propositions, its partners, revenue streams and all of the other key business building blocks.


Business models can be easily searched, filtered and compared across specific building blocks you are interested in. 


Coming up are also a PDF and PowerPoint export option as well as a dedicated iPad app.


A free trial is available and pro plans start at $9/month and go up all the way to $29/mo according to the number of features you want to use.


My comment: The Business Model Gallery offers a truly excellent gallery of valuable business models which can be extremely useful for anyone studying, researching or working on creating a successful new company.


Furthermore this is a great living example of how, curated collections of best of breed examples, are going to have a go as very useful business services in the coming months and years.



Free for the first three months: http://businessmodelgallery.com/ 


Features: http://businessmodelgallery.com/features/ 


Pricing: http://businessmodelgallery.com/packages/ 


To learn more about the canvas and its 9 building blocks, visit www.businessmodelgeneration.com



Farid Mheir's curator insight, September 6, 2013 10:00 AM

I've been using business model tool for years now. This gallery is truly amazing and I believe will be very useful for business architects and managers as they define their own corporate strategy because they will be able to easily compare with what others are doing.

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Can You Start Charging For Your New Online Service From Day One?

Can You Start Charging For Your New Online Service From Day One? | Online Business Models | Scoop.it



Robin Good's insight:



Christian Rennella has an interesting article on ESBJournal, analyzing three fundamental aspects that, in his view, define the failure or successof an online startup. These are:


1) Does what you are developing resolve a real issue?


2) Would customers be willing to pay for it in the medium and long term?


3) Is there space for future growth?


And I can't but agree with his assessment that the best business model that can be adopted today by a new online startup is monthly subscriptions.



Interesting. 7/10


Full article: http://esbjournal.com/2013/08/why-should-an-entrepreneur-charge-for-their-services-from-day-one/ 


(Image credit: Buy now sign - Shutterstock)



Kim Golez's curator insight, August 9, 2013 12:42 PM

You got a point here man hehe

EZIA's curator insight, September 11, 2013 10:24 AM

Better have a good plan in place to manage your online sales.

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The Independent Crowdfunding Video Journalism Platform: Vourno

The Independent Crowdfunding Video Journalism Platform: Vourno | Online Business Models | Scoop.it
Robin Good's insight:



From the official site: "Vourno.com provides journalists (Vournos) with the tools to raise capital for the creation and production of quality, newsworthy content and gives the public (Pubs) the ability to directly fund, share, watch and rate those stories."


Successfully funded projects are produced and premiered on the Vourno online network.


Here's how it works:


1. Video journalists (“vournos”) propose a video story they want to create (“Video is where everybody’s going,” Verdirame said).


2. Members of the public (“pubs”) browse the stories they want to fund and help publish it by donating. They can also pitch their own stories they want to see published for a vourno to pick up.


3. Vournos gather enough funds from pubs to pay for their salary, equipment, travel expenses and any extra team members they may need (editor, videographer, etc.)


4. The vourno gets a certain amount of time to complete the story and publish it on Vourno’s website for all to watch and share for a week before selling it elsewhere.


5. More popular, original and in-depth reporting will get more play on the website, and more sharing means more revenue through advertising — which eventually will be shared by vournos and pubs.


(Source: Zach C. Cohen - Idealab)


Find out more: https://www.vourno.com/


How it works:

https://www.vourno.com/vournos-how-it-works

https://www.vourno.com/pubs-how-it-works


marcpetit622's curator insight, June 27, 2013 3:43 PM

We also pride ourselves in offering lots of "extras" that are exclusive to this club. We work with many local manufacturers and also have a window treatment specialist, heating/cooling and plumbing specialist, and window and door reps on site so that you can get specific recommendations from the experts.

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A New Model for eBook Publishing, Distributing and Earning: Screwpulp



Robin Good's insight:



Screwpulp is a new startup that wants to help independent book authors to get their books out there (in digital format), and... if the public likes them, to make also a revenue from their sales.


The business model is very interesting. It works like this:


1. Anyone can publish with Screwpulp and get an ebook out.


2. The first 100 copies of the copies are given out for free to individuals willing to review and rate the ebook.


3. The ebook now sells at 0.99 (or $1) until a thousand copies are sold.


4. Once a thousand copies are sold, price goes up to 1.99 until 10,000 are gone.


And so on.


Authors keep all of the rights to their works and retain 75 percent of the profit.



Find out more: https://www.screwpulp.com/


Free ebooks already available: https://www.screwpulp.com/?browse&*=free


Best sellers: https://www.screwpulp.com/?browse&*=bestsellers


More info for authors: https://www.screwpulp.com/?publish






Mondfee's comment, May 23, 2013 8:26 AM
Thank you!
Yannick Mériguet's curator insight, June 11, 2013 12:18 AM

Un model de publishing qui parait très efficace. A essayer.

EZIA's curator insight, August 11, 2013 10:07 PM

With so many people trying to publish books, papers, memoirs - this new start-up may be the answer for getting your media to the masses.