Publishing 2.0

These days, it isn't easy to make money with print products. A lot of readers have traded in paper information for the online version. Publishers are forced to rethink their strategies with online business concepts to sustain their profits and coax them into growing again. But just a couple of websites, with content combined with a bit of Web 2.0 is not enough to qualify as an online strategy, though, sadly, many chief editors think it is.

Readers in charge
Online publishing is a completely different ballgame, the biggest difference being that They, your readers, are now in charge, instead of your editors. Internet users have the power to choose where and how they will get their information. You snooze, you loose. Even if you have the most successful portal formula with the best content, it is not necessarily going to yield long term profits. The internet changes fast, trends come and go in the blink of an eye and, if you're not giving them what they want, users will find another campfire that is more attractive. The key is to make your applications portable, they should be able to go into Facebook, OpenSocial, iGoogle, iPhone, intranets, ... wherever your customer may go.




Long tail economics
At Componence we understand your concerns and we know how to help you implement a genuine Publishing 2.0 strategy. We have been providing our online solutions to the publishing world for over five years, a number of the Top 10 Dutch publishers are in our client base. With a high tech portal platform the long tail economics are within your reach. We would be honored to be your partner in achieving this.

Key elements to achieving your successful Publishing 2.0 strategy
The success of your Publishing 2.0 strategy lies in your ability to adapt and respond quickly to internet trends and changing user characteristics. That is the only way to ensure the lasting attention of your readers. Any successful Publishing 2.0 strategy must have the following key elements to achieve this:
  • Lots of content. No matter how successful your content, or your editors, are, search engines need more to acknowledge the relevance of your portal. So partner up, scrape third party content, incorporate RSS feeds … whatever it takes to keep improving the information you're offering.
  • Different business models. Only advertising or just a subscription is no longer enough, you’re not Google (yet!). The internet provides readers with many choices, some will trust you and get your subscription, while others will want to see more proof before they will even consider subscribing. Combine your strength with partners, even with former competitors, share earnings, earn commissions… Whatever it takes to ensure your revenues.
  • Flexbility to personalize. Your readers can be categorized as entrepreneurs, professionals or amateurs, but you know they deserve better and more thorough classifications. Your content and services must be organized in such a way that it will take very little effort to offer your readers within the age group A, experience level B and financial level C and interests D exactly what they want.
  • Let your reader manage your offering. Not knowing exactly when a reader might be moving from A1 to A2 should not be your concern. Your task is to make sure that you are organized enough so that when your customer makes such a move you'll be ready to respond with the right offerings. Use comments and ratings to make sure that the best content gets the right attention.
  • A long term prespective. Publishing a magazine is short term thinking, whereas when you're organizing an online platform you're in it for the long haul. Setting up an online platform should not be for just a few concepts or for just a few years, but for at least 20 concepts within 3-5 years. Make sure that you do not waste time and budget on matters that have not yet proven to be successful. It is better to spend more time to ensure that the platform, its features, the content and the services are organized and classified generically enough. That way your business will not get stuck with just 1 or 2 concepts each year, but will launch 5 – 10 concepts from the second year.

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