Monetizing Your Digital Magazine

A digital magazine can be downloaded to your Adobe Reader, rather than mailed to your home. Digital magazines simulate the act of “turning pages” by clicking an arrow. It appears as if you are looking at a Xeroxed magazine through one of those old-school newspaper-viewers they had before computers. You know the ones where you turn the dial and you see a microfiche of the next page?

Of course the quality is a lot nicer now.

There are several ways that you can make money using this business model. You need content, SEO, and analytics in order to get advertisers. It is a bit more complex, but these are the basics. The need for good content is a given, so I will concentrate on the other two areas.

Analytics for Digital Magazine & Content Sites

The primary issue is that your readers are consuming content in two completely different areas: the Adobe Reader Magazine and on the web. Some people will prefer one or the other, some both. You will probably have to reconcile this data for your advertisers.

Or just lose the magazine and go with only web content.

Assuming you must keep the magazine, here are the ways to monetize the content:
a) Adsense/ Doubleclick type ads (“non-guaranteed inventory”)
b) Direct advertiser purchases (“guaranteed inventory”)
c) Affiliate links
d) Paid Subscriptions
e) Selling users’ personal information or using it in some way.

A. To make money with this type of content you need good content (obviously), a lot of pages, and visible ads (because we want people to click on advertisers ads). Advertisers care about getting converting traffic to their traffic. If you don’t provide it, they will stop advertising on your domain.
The advantage of adsense is that you can set it and leave it and the inventory will be filled. The disadvantages are that you can’t place adsense on adobe pages and you have little control over your advertisers.

B. There are two types of ad purchases: An ad in the digital magazine and an ad on the site. Getting companies to buy inventory on the site will be relatively easy. Just provide them stats. Getting them to buy space in the digital magazine will be much more difficult. Obviously it may just involve getting a salesman to talk an advertiser into giving you money. More likely it will involve a complex analysis in which you show how many of your website readers subscribe/download the magazine, and what do you know about those users. You can use analytics for this. IF you have everything set up properly it still will take time (to accumulate historical data) and a great analyst to figure out how to “spin” the data into actual business drivers.

C. Affiliate links are relatively easy to set up. You sign up and then embed links in your content. If someone clicks and then goes and makes a purchase you get a percentage. The risk is that you will alienate your readers if you do it poorly or too often, or you will send readers off your site and they will not purchase.

D. If you can get people to pay you directly for your content- that is great. Signing up for an RSS feed is ok too.

E. If you have people’s info, you can sell them stuff. There is a line between re-marketing and creepy that could hurt your brand.

I would assume that most companies use a combination of all of these methods. The problem is that some of these can be labor intensive (C), require incredible talent (A, B, C), and require tough decisions from upper management regarding how to allocate limited resources. In each case, intelligent business decisions will lead to larger advertisers, so analytics plays a huge role in the content business. Also, content sites tend to be the largest.

Acquiring Readers with SEO, Paid search, and Social

You need readers in order to have a business. Good content is important, but it needs to be optimized for SEO so that the engines will pick up your content. Good SEO takes a long time, and gains are incremental. At times SEO can conflict with content and design, so you must have a strong decision-maker at the top who is responsible for SEO/Content/Design conflicts.

There are some cases it may be worthwhile to purchase readers (e.g. advertise) so that visitors to your website buy from your advertisers (hopefully for more than you paid to acquire them). This is called arbitrage; this practice is looked upon unfavorably by some companies, and can get you permanently banned, so be careful how you use it.

Social media is a great way to get a loyal readership going. I would look to involve an intern in this process. It would be a good introduction into the world of internet marketing.

Using Keywords for Competitive Intelligence

If a competitor is targeting a keyword it is very likely that those keywords are leading to sales (or conversions). If you had this knowledge you could put it to good use:

1) Is there a hot product that you haven’t noticed because you’re too busy trying to run your business?
Did you not know that people were already selling model X-2011 already?
Competitive Intelligence can help fill that gap: Order model X-2011

2) Do you sell a great product but people refer to it by another name?
Are you selling “horses” and calling them “mounts”?
No one will find you; no one searches for ‘mounts’ when they are looking for a ‘horse’.
Competitive Intelligence can help you with that: Change your copy.

3) Is there an area you have not explored that your competitors have?
Are you only selling gold jewelry and your competitors thought to sell beaded jewelry? Your customers would never buy that!
They are already buying it. From your competitor! Perhaps you should stock it.

There are endless examples.
Competitive analysis can help you fill the holes in your research and get a leg up on the competition. Don’t reinvent the wheel- learn from others.

Using Google Maps to Market your Business

Local Search, Google Maps and Business

For marketers and businesses, Google Maps is an extension of SEO. For businesses whose customer base is primarily local, Google Maps may be a more important source of traffic than traditional organic SEO or pay per click marketing.
Lawyers, doctors, hotels and restaurants are all examples of businesses that need a presence on Google Maps to stay competitive.
E-commerce companies, wholesalers, and warehouses usually do not need Google Maps to stay competitive

local search results

Google Maps and Universal Search
Google maps is an aspect of what is called “universal search”. Google maps attempts to identify businesses close in location to the searcher. If I need a lawyer and search for “lawyer” or I want a pizza and I search for “pizza”, it is likely that a business down the street will be much more relevant than a lawyer in New York or Ukraine.
For certain searches, local results are better.

How does Google know I want a Local Business?
There seems to be at least two conditions that need to be satisfied for Google Maps to be triggered:
1) The search phrase must contain a city name: e.g, San Diego Lawyer, Surgeon in Minneapolis, etc.
2) The search is for a business-related item. You can’t just search for “San Diego X” or “X San Diego”. X has to match a database of words. Lawyer, surgeon, pizza, hotels are all business-related, so Google-Maps triggers if you enter one of these phrases. “San Diego Rattlesnake” does not trigger Google Maps.

What Does This Have to do With My Business?
Submitting your business to Google Maps can help you gain visibility when people perform these “local searches”.

If people see you on Google Maps, they could clickthrough to your website and end up as customers. This has to be the easiest search optimization technique to use to help market your business. Obviously, the “trick” is to do it right.

You only get seen if you are in positions A-J (the top 10).

The Problem
Google has not resigned to the fact that Google maps is the domain of marketers.
As such, they have enforced very strict rules against attempts to optimize Google Maps. More than any other area of search marketing, it is better for you to be conservative- no keyword stuffing.

Conclusion
Submit a map, or hire someone to submit a Google Map for you. If you still desire more visibility, and wish to be aggressive in your marketing, look into altering your SEO and PPC efforts.

Top 10 ways to Generate Keywords in Pay-per-click

There is a process for finding ppc keywords. Here are the top methods that I use to find keywords. This is not a list on how to find good keywords (we’ll talk about that next time) it is simply a list on where to find keywords that are relevant to your brand.

The List

1) Common sense-This one is often overlooked. If a grocery store solicited my help I know a ton of their keywords because I have seen a grocery store.

2) Keyword tools- Google Adwords Keywords tool and Yahoo both have free keyword tools with real data from searches people have performed. There are also good paid alternatives.

3) Website analysis. Look at the content of the webpage. There are also tools that can extract that data. The navigation and breadcrumbs can be helpful.

4) Competitors- Look at the content of the webpage of the competition.

5) Yahoo’s search home page- do a couple “bad” searches and Yahoo will show a list of related searches. Those are keywords.

6) Analytics-In your analytics. You are running analytics right? It will send you the keyword people are searching for when then used a search engine to get to your site.

7) Internal search-what are people searching for on your site? Those are keywords.

8 Competitive intelligence reports-Companies like Compete.com sell information on you and your company that may be useful.

9) The company-I listen to the language the stakeholders and employees use in our correspondence. Also, it never hurts to ask them if they thought I missed anything, but that is always at the end of the keyword expansion phase and campaign building phase.

Perhaps a new product might come in or a new corporate trend might develop that is outside the scope of analytics.

10) My experience-I have built umpteen campaigns and I have a certain feel for it.

(You may only recreate portions of this list if you keep the text and links unchanged and attribute the list to RoseOspreyMarketing.com.)