Slate has gone all-in on loyalty to lower their dependence on platforms, like Facebook, and monetize their incredibly loyal audience. Get an inside look at their strategy.
4. “Rather than treating their readers and viewers as a product to be sold
to advertisers via networks and exchanges, these publishers realize
that they can develop products to sell their deeply engaged and loyal
audiences — directly.”
Loyalty comes from relationship building
Publishers Audience Advertisers
Source: Montalenti, Andrew. “The Great Reckoning in Digital Attention.” thinkgrowth.org
5. “Rather than treating their readers and viewers as a product to be sold
to advertisers via networks and exchanges, these publishers realize
that they can develop products to sell their deeply engaged and loyal
audiences — directly.”
Loyalty comes from relationship building
Publishers Products Audience
Source: Montalenti, Andrew. “The Great Reckoning in Digital Attention.” thinkgrowth.org
6. Getting buy-in
Agree on an isolated project
• By starting with a single, well thought-
out project, you create a testing ground:
for the project, and for buy-in
• Slate’s project was to launch an infinite
scroll readership experience
7. Getting buy-in
Set concrete project goals
• Slate’s infinite scroll:
• Goal: great user experience
• Metric: engaged time
• HuffPost’s newsletters:
• Goal: De-generalize content and get
at pointed, real questions
• Metrics: FB interactions, clicks, time
spent on newsletter content
8. Getting buy-in
Share results & find a core metric
• Find KPIs relevant to each project.
• What is the one metric that each of these
projects, performed by any department,
has in common? That’s your north star
metric.
9. Getting buy-in
Land & expand
• Apply that core metric team-by-team to
unify the entire organization
• Slate’s product team proved the success
of their infinite scroll project in a way that
incentivized editorial and commercial
teams.
• Engaged time is a metric that validates
individual work and rolls up into broader
business goals.
10. Finding and monetizing loyal audiences
What parts of your content are habit-forming?
• Communities
• Podcasts
• Newsletters
• Events
• Homepage
11. Why does the homepage matter?
80%
of homepage visitors
are return visitors
11%
of referrals to posts
come from a homepage
10–50%
conversion rate for
links on the homepage
30 seconds
or fewer spent by visitors on a
homepage before clicking on a post
12. Parse.ly Professional Services offers…
• Custom Analysis - Competitive set benchmarking report, tailored
to publisher's goals, or other interesting perspectives using
Parse.ly’s network data.
• Consultation - Audience development consulting for growth,
promotion, beat hiring, taxonomy audits, and more.
• Technical Services - Assistance building upon Parse.ly's toolset,
facilitating integration, or custom data pulls (sans analysis).
Interested in a half-day workshop?
Email me! kelsey@parsely.com