Improving the value exchange: How to encourage users to give up their data

The majority of media companies know that having an abundance of user data at their fingertips will allow their businesses to flourish. In fact, publishers need rich user data to understand their audience members, keep people’s attention focused on their brands and grow their subscription and advertising revenue streams.

But recent research from the Reuters Institute for the Study of Journalism highlights that news companies are struggling to collect people’s information online. More specifically, the study outlines how 32% of people worldwide don’t trust news media companies to handle their data.

And since user data is critical to the success of your organization, you’ll need to convince them to provide their personal information by becoming registered users.

Luckily, persuading your media company’s audience to hand over their user data doesn’t have to be a complicated process. All you need to do is adjust your data strategy while reinforcing the value of becoming a registered user.

Personalize experiences for registered users with first-party data

With so many competing media brands and online services, publishers need to go beyond their content to convince users that it’s worth taking the time to register on their websites or apps.

One simple way to build up your company’s registration value proposition is to offer personalized user experiences.

Research from McKinsey & Company even reveals that 71% of people actually want companies to personalize their relationships with users.

In the past, media organizations have turned to third-party data to power custom experiences. But since Chrome is now phasing out third-party cookies, media companies need to find other ways to collect data for their personalization tools.

Instead, organizations can persuade users to register and subscribe to their websites in return for personalized experiences using their first-party data.

“[Subscription] services need to employ strategies that build loyalty, provide added value, and offer personalization to compete in the global marketplace,” says Rande Price, VP of research at Digital Content Next.

And offering users personalization — whether that be through notifications, email campaigns or content recommendations — can give them the push they need to hand over their data.

The importance of owning your user data

It feels like tech giants have a new data breachor scandal around irresponsible data handling every year.

For this reason, it’s critical for media companies to operate independently of tech giants. The reality is that Big Tech companies lose the trust of their users with every data scandal — so how can you expect your audience to trust you if you’re relying on a tech giant to gather and access their data?

One of the easiest ways to earn the trust of online audiences is to ensure your organization has complete ownership over its user data. This means moving the focus away from third-party data and toward the first-party data collected directly on your own digital properties.

“Registration from a user means ‘I trust you’ and ‘I also trust you with my data,’” states Jo Holdaway, ESI Media’s chief data and marketing officer. “You have to be very respectful to your audience to get them to come back.”

When your media company owns all of its user data, your organization can reassure audience members that it isn’t associated with data leaks and scandals from other companies. You’ll also be able to communicate that your organization handles data responsibly since it would only collect and store information that users consent to hand over once they register.

Swap engagement opportunities on-site for registration data 

Although personalization and data integrity are effective tools in winning over user data, there’s still another way to persuade anonymous audiences to submit their personal information.

Media organizations can enhance their ability to earn registration data by offering interactive digital experiences just for registered users.

According to Viafoura data, implementing audience engagement tools in even the most basic way can make up 30-50% of user registrations on publisher websites.

The bottom line is that people want to engage with each other, content and authors on your company’s website. Giving users opportunities to interact on-site in return for their data will, therefore, encourage them to become registered, known users.

Ultimately, each of these registration-boosting strategies has the power to encourage users to give up their data. Even so, it’s important to use a combination of all three methods to maximize the value of your registration proposition and earn the best business results. 

Growing Media Trends That Will Hook Consumers in 2020

2020 has finally arrived, prompting media professionals everywhere to examine and test new industry trends. So how can one possibly predict which ones will help businesses grow and which ones will not? With so many budding media trends to sift through, be sure to keep this in mind: those that reel in, engage and retain consumers are the ones that will ultimately pay off in the long run. 

The race for consumers’ attention is becoming ever more competitive,” writes an industry expert in an International News Media Alliance article. “It’s increasingly important to be relevant to create a meaningful connection with an audience.”

In other words, audience engagement will be business-critical in 2020. In order to attract and engage consumers to your brand, understand and implement the fast-rising media trends below.

Audience-First Journalism

Over the past few years, consumer trust in media has taken a serious nosedive thanks to all the misinformation and fake news spreading around social media. But with revenue models moving towards subscription and membership-driven programs, trust between brands and audiences must be re-established.

As a result, journalists are beginning to put their audiences at the forefront of the content they produce, and even involve them in the content-production process. One media trend in particular known as engaged journalism — the process of building content with audience members — is picking up steam since it gives brands the opportunity to truly listen to and engage their audience members. 

Solutions journalism has also been inching its way into 2020, which is where journalists go beyond covering a story by suggesting how to resolve the issues at hand. And with 57% of Americans expressing that reading news affects them in a negative way, solutions journalism could prevent audiences from becoming overwhelmed by your content.

Personalizing the User’s Experience

According to NiemanLab, first-party user data will become increasingly significant to media organizations in 2020. Brands will need to rely on the data they can scrape from their own platforms in order to identify audience appetites and trends. 

Linsday Leaf, VP of experiential marketing for POPSUGAR, explains why her brand sees so much audience engagement: “We really listen to our audience — what they react to, what makes them tick and then we serve the trends, topics and experiences we know they crave.”

User data is also becoming more important now than ever before to video-streaming platforms. This data allows OTT platforms to serve up relevant content to their audiences, enhancing the user experience. 

First-party data insights open up a world of opportunity to media organizations, including the ability to target meaningful content to known users, push highly engaged users to your paywall or send special offers to inactive subscribers about to churn. 

Data Transparency

Thanks to the GDPR and CCPA privacy laws, as well as the countless data breaches that have taken place online, your audience members want to know how their data will be used and handled. 

Being open with your audience about how their data is being used will help them feel more comfortable to hand over their personal info. Reassure them even more by telling them exactly what kind of premium experience they’ll get in exchange for their data. 

Investing in Audio Content

In 2019 alone, over half of Americans listened to a podcast, showing massive growth from 2018. Spotify also noted that its listeners have consumed almost 40% more podcasting hours compared to its last quarter. Clearly, audio content is catching on for media organizations. 

Not only is audio equipment an extremely inexpensive investment, but FIASCO podcast host Leon Neyfakh also notes “that podcasting is a distinctly intimate medium, [where] people form a special connection to podcast hosts because they have us in their ears while they’re walking around and living their lives.”

That special connection between podcast host and listener is a solid way to build loyalty towards your brand. 

Interactive Video 

2020 will be the year that video takes on a whole new meaning of the word ‘engaging.’ More specifically, media organizations have started incorporating interactive elements into their videos to fascinate viewers. 

Take Netflix’s Black Mirror: Bandersnatch film, for instance. The video-streaming platform tested this interactive movie in 2018, where viewers could influence the plot by making decisions for the film’s protagonist. After the film produced a successful response from its audience, Netflix announced that it’ll be “doubling down” on interactive video in the future.

Other media organizations are also testing out video content and ads that consumers are able to shop through. In these cases, eCommerce crosses over with media content to deepen audience engagement through a shoppable, content-viewing experience. 

Staff as Influencers

From Buzzfeed, and Bon Apétite to a variety of podcast hosts, media staff from all walks of life will be upping their efforts to engage audience members directly in 2020. This includes staff members starring in regular videos, attending meet-and-greet events, running live chats and responding to user comments.  

By creating a direct connection between audience and staff, brands are able to transform users into dedicated fans. Your audience is the lifeblood of your organization this means that the most useful media trends in 2020 will consistently engage and monetize consumers.

Audience Engagement Data is About to Amp up Sports Media

Just last week, Adam Hodgkins, the senior business development manager at Genius Sports Media, published an insightful article that dug into why audience engagement data on-site is the key to growing revenue in sports. And we couldn’t agree more.

“There’s an awareness in the OTT space that sports companies have lost control of their audiences to social media,” says Michael Shewchenko, Head of Business Development for Sports and Media at Viafoura. “But they now have an opportunity to engage their audiences on their properties in a positive and highly valuable way, and use their own data to put a name and a face to their users.”

Audience engagement data is the money-making factor that many sports companies are missing out on. Any sports company that wants to significantly boost revenue would, therefore, benefit greatly from connecting with their audiences, learning who their community members are, and then using that information to create and send highly relevant content and ads.

Unlocking a Premium Experience for Sports Fans

To connect with audiences on a more direct level, sports companies need to turn their digital properties into engaging communities through super-exclusive spaces that capture valuable insights on users. This can be accomplished through ‘premium experiences’ that can be offered to encourage users to register or subscribe.

“Engagement tools can open up the premium experience,” says Shewchenko. “Tools that encourage on-site interaction increase the likelihood of passive sports consumers becoming active and highly engaged users. It’s all about building the two-way communication between users and brands.”

A premium experience can include anything from participating in live chats, real-time commenting and blogging to following favorite teams, players, authors, topics or getting regular updates.

In his article, Hodgkins explains that unique behind the scenes footage, exclusive interviews and easy access to detailed statistics have handed sports leagues and teams a golden opportunity to turn their websites and social channels into valuable destinations for information-hungry fans.”

Techcrunch even conducted a recent survey, which found that 78% of industry experts believe that fan engagement tech will have the largest impact on live streaming and esports in the next year.

Sports fans are already excited about players and upcoming events they’re practically itching to interact with one another and around related content. The more opportunities you give them to engage on your platform, the more data you’ll be able to gather on who they are and what kinds of content and experiences they like.

Not only can sports companies sell this consumer data to advertisers, but “by knowing that their audience are, say, mostly men aged between 18 and 25 who read about basketball on a daily basis, advertisers have a huge strategic advantage when choosing where to spend their budget,” says Hodgkins.

Targeting Content to Known Users

As sports companies learn who their audience members are and how they react to different types of content, they can create content and experiences that delight their communities. For instance, knowing which player is your community’s favorite can help you generate extremely high-performing, related content that your audience will devour and generate conversations around. Plus, the more engaging and relevant your platform is, the more likely your community is to grow.

By serving up a premium experience to fans, sports media is able to capture meaningful data, which can significantly improve conversion strategies, grow revenue and increase consumer loyalty.

Stop relying on third-party news aggregators and social media platforms to run your ads off of, and instead, become the primary destination for consumers.

Get to know your fans on your own properties. Give them the content and experiences they love. Then use their data to inform business strategies and grow revenue. It really is as simple as that.

 

Related: What We Can Learn From Pirate Sites
RELATED: Build Your Community of Sports Fans Now
RELATED: 13 Questions Every Publisher Should Ask a Potential Tech Partner

Enhancing Your Paywall: Why You Need a Conversion Strategy

In order to run a profitable media company, publishers know that audience engagement must be monetized. But relying on social media for advertising just isn’t cutting it anymore.

With social media’s unpredictable algorithm changes blocking your content from being seen and its loss of audience trust, it’s time to generate money from your community on your own platforms. And that’s where paywalls come in.

The Value of a Paywall

Nowadays, paywalls are becoming an important ingredient in a news publisher’s recipe for success. Not only do they attach value to your content, but they are also able to manage your subscribers and collect payments on your behalf.

When clients invest in industry publication subscriptions, it serves as a tangible reminder that the publications… offer quantifiable value,” reads a Forbes article. “It’s content that matters to people — to the point that people are willing to pay for it. This serves as a reminder to your client that your services are worth the price.”

While some may argue that paywalls threaten to repel readers who aren’t willing to pay for your content, it’s a risk that many publishers find worth taking. In fact, readers who are willing to subscribe offer your business significantly more value than those who aren’t.

This past year, HuffPost chose to stop focusing on uninterested readers and, instead, assessed and grew its loyal reader base since 60% of their page views came from just 6% of visitors.

If you have great content and dedicated readers, the decision to take on a paywall may be an obvious one.

However, the power of your paywall can be greatly enhanced by supporting it with a winning conversion strategy.

Amplify the Effects of your Paywall

Readers will pay for quality content that they can relate to. Publications like The New York Times and The Times have shown us this.

But a truly powerful subscription management system relies on support from a community growth and engagement system.

According to the Shorenstein Center and Lenfest Institute, only nine percent of a publisher’s readers view over five articles per month. Their white paper states that “news organizations with larger-than-average “regular readership” – engaging that critical nine percent of audiences – tended to prioritize audience engagement efforts.”

And what better way to grow that number of regular readers than by engaging more of your audience? Applying community engagement technology to your platform will boost a user’s return frequency, session depth and total attention time, helping to drive more subscriptions.

Which is why it’s important to take the time to find a partner who not only boosts user engagement, but who will also work with your paywall provider to optimize your platform for subscriptions. 

Learn how to create real conversations and drive audience engagement to your organization’s publications with this Webinar: How CBC Creates Real Conversations Below the Fold

The Ultimate Conversion Strategy

A truly great conversion strategy marries your paywall and engagement tools together.

In this sense, a community engagement partner can track onsite audience behavior, grow your regular readers and alert your paywall when each user is interested enough to subscribe. Engage your audience. Understand them. And then use that knowledge to build a loyal, paying community.

“Using a mix of editorial and algorithm-based selections, [The Toronto Star] hard locks five to seven articles per day, typically more in-depth pieces driving strong traffic and engagement, to push more visitors toward the paywall and, eventually, the subscription process,” states a recent report by the Local Media Association.

Your engagement and paywall service providers should be able to help you develop and deploy a targeted conversion strategy, specific to the behavior of your readers. More specifically, as users become engaged with your content, your community engagement tools should be able to feed your subscription-ready users right to your paywall. Which means more subscription revenue for you.

Your Churn-Reducing Solution

Another great reason to own a conversion strategy between your engagement and subscription management systems is that you can boost onsite subscriptions and reduce churn, all at the same time. As your engagement tools build your community and track its behavior, your software provider can signal your paywall when a community member becomes disengaged with your brand, and is likely to churn.

Businesses can then send these users special incentives or content to keep them from unsubscribing.

Say goodbye to inefficiency and hello to an abundance of subscription revenue.

Interested in learning more about boosting revenue through subscription management and user engagement? Attend our workshop at ONA19 for a chance to win $500.

RTDNA 2017: Fake News, Trolls and Diverse Commenting

RTDNA 2017: Fake News, Trolls and Diverse Commenting


RTDNA 2017 Conference in Toronto

For news broadcasters, the story doesn’t end when it’s published or aired. It’s just the beginning for their audiences, who are looking to discuss their diverse opinions around a shared reality.

That’s just one idea that will be explored at the Radio Television Digital News Association (RTDNA) 2017 National Conference. Taking place from May 26 to 27 at the Sheraton Centre in Toronto, the conference offers a forum for open discussion on the issues that impact Canadian newsrooms. It’s also a great opportunity for career development and connecting with leaders in news media.

This year’s topics include:

  • Connecting with highly-skeptical and mistrusting audiences
  • Combating the fake news epidemic
  • The responsibility of journalists to reflect diversity in the newsroom
  • Encouraging audiences to constructively debate their diverse opinions
  • Knowing your audience and monetizing it
  • Using investigative journalism to grow audiences
  • The future of news radio

Encouraging Diverse Opinions with Civil Commenting

If you’re interested in driving audience engagement and civil comments on your website, we encourage you to attend Commentary, Commenting and Diversifying Your Voices on Friday, May 26 at 1:45 PM.

The panel discussion features leaders from Canada’s top news media organizations—Canadian Broadcasting Corporation (CBC), The Weather Network (Pelmorex Media), Global News and Corus Radio. Our very own Head of Marketing, Allison Munro, will also be there moderating the discussion.

Together, they will be exploring the best way to encourage diverse commentary in an age of trolling and online attacks. Attendees will learn the value of commenting for their journalistic approach, audience relations, and their bottom line. In addition, they will hear how these industry leaders moderate and protect their online communities without draining their resources.

“Canada is rich not only in the abundance of our resources and the magnificence of our land, but also in the diversity and the character of our people.”
The Will of a Nation: Awakening the Canadian Spirit—George Radwanski & Julia Luttrell

Not attending RTDNA? Don’t miss out on the learnings—download our white paper, How Audience Engagement Drives Retention, Loyalty and Revenue.

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