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First, a little about us. Robert W. Harris (comm ‘79) COO - International Original team member at About.com HBO, Paramount, CPA Linda Osborne VP Content Programming Director, ParentSoup.com/iVillage Inc. Programming/Journalism background. Community and Monetization.
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First, a little about us... • Robert W. Harris (comm ‘79) • COO - International • Original team member at About.com • HBO, Paramount, CPA • Linda Osborne • VP Content • Programming Director, ParentSoup.com/iVillage Inc. • Programming/Journalism background
Community and Monetization Community (What is it?) How can you make money from “community” now?
What is Community? • In the “Old Days” (pre-internet) • Primarily geographical • Online Buzzword • Chat • Boards (Forums) • True Community • “Communities of Interest” • Buzzword still in use
Community makes money - I • Traditional Community • Classifieds • Special interest publications • Old Online world • Chat and boards made big money because the meter was running
Community model changes • Online money model changes • Time - $ connection ends • Chat now monetizes poorly • Low ad rate • Communities of interest grow on the web • Highly valuable content
Community Makes Money - II • A true community is a highly desirable audience • Portals are broad • Rise of verticals • What’s a vertical? A community! • iVillage, VerticalNet, Marketwatch, Sportsline • Monetize pageviews at a high rate • Commerce in context
About.com’s way of making money The leading network of niche vertical sites
Expert - Trained - Supervised Professional - Entrepreneurial - Passionate Committed Overview Communities Overseen by Trusted Human Guides
Scale! Network Effect 650 sites
Scale! Network Effect 650 sites 40 “channels” $ $ $
High Monetization From macro to micro targeting RON Channels Sections Site Specific 1 18 113 650
Other ways communities make money • Classifieds • Auctions (replacing classifieds) • PR/Brand Value • Affinity • Subscription Model
The Future? • Branding Ads • Wireless • Micropayments • Business-to-Business Communities • SAP (mysap.com) • ?