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The Future of the Cookbook

        Tools of Change
   Tuesday, February 14, 2012
        #TOCfuturecook
Todayโ€™s Panelists
โ€ข Adam Salomone - Associate Publisher, The
  Harvard Common Press
  โ€“ @hcpdishes
โ€ข Jesse McDougall โ€“ Co-Founder, Catalyst
  Webworks
  โ€“ @jsmcdougall
โ€ข Ronny Golan โ€“ Founder, BookPulse
  โ€“ @bookpulse
Why the โ€œfuture of the cookbook?โ€
โ€ข Tremendous growth in consumer interest regarding an
  understanding of food, cooking technique and food
  ways, etc.
โ€ข Concurrent growth in the breadth and depth of content
  available online
      โ€ข Food blogs, websites and technology plays
โ€ข Publishers need to rethink the ways in which they
  deliver content
      โ€ข Current e-distribution methods are either too expensive (apps) or
        ill-suited for use in the kitchen (ebooks)
      โ€ข The proliferation of digital options means consumers are willing to
        pay less and less for content (i.e. free recipe websites)
      โ€ข Publishers cannot keep up with content generation in the digital
        world
Three Avenues of Exploration
โ€ข Content
  โ€“ What are the ways in which publishers can rethink
    content generation to make publishing cycles faster
    and more responsive to trends?
โ€ข Monetization
  โ€“ How are cookbooks suited to new monetization
    opportunities both inside and outside of the book?
โ€ข Social engagement
  โ€“ Consumers are more interested in talking about food
    and cooking online
  โ€“ Connection to brands, personalities and authors
Content Generation
โ€ข Curated content generation vs user content generation
   โ€“ Hybrid model โ€“ Food52
   โ€“ AllRecipes.com, Meredith acquisition
โ€ข Trend cycles, how can publishers take advantage of new
  trends?
   โ€“ Food bloggers
   โ€“ UGC
โ€ข How can publishers blend the print and the online world?
   โ€“ Enhanced content?
   โ€“ Cross-media usages
   โ€“ Repurposed content initiatives
โ€ข How is the authorโ€™s role changing with content creation?
Monetization
โ€ข Monetization inside the book
    โ€“ Ad-based revenue models
    โ€“ Co-branded cookbooks (i.e. the new โ€œcustom pubโ€)
    โ€“ Affiliate supported โ€œstoresโ€ inside the book
        โ€ข Can the book become the equivalent of a cooking store between two covers?
โ€ข Monetization outside of the book
    โ€“ Individual recipes
    โ€“ Recipe bundles
        โ€ข In-print vs electronic
    โ€“ Web/Subscription-based opportunities
        โ€ข Curating cooking verticals, seeded with recipe content.
โ€ข What aspects of a recipe do you think consumers are most willing to pay
  up for?
    โ€“ Content, voice, narrative
    โ€“ Functionality
โ€ข Do you think thereโ€™s a meaningful difference between curated content and
  non-curated when charging for individual recipes?
    โ€“ Do free online recipes complicate the process of recipe monetization?
Social Engagement
โ€ข Examples of social engagement
  โ€“ Book-centric opportunities
     โ€ข Commenting, annotation, in-book cooking demos
  โ€“ Food platforms outside of the book
     โ€ข Specific platforms for engagement
     โ€ข Community-building, acquisitions, content shareability.
โ€ข Author involvement in outreach
  โ€“ Personalities and brands
  โ€“ Connection
โ€ข How food bloggers fit into that social community
  โ€“ Gatekeepers
Case Study: The Online Food Publisher
โ€ข What is the cookbook publisher of the future?
โ€ข How about this:
   โ€“ Online publishing house
   โ€“ Uses backlist of recipes to seed content across 5-
     6verticals, oriented around one major food site
       โ€ข Health, barbecue, cocktails, baking, etc
   โ€“ Author acts as โ€œeditorial director / community managerโ€
       โ€ข Curates content from other sites in their vertical, works with bloggers
         to bring in new content
       โ€ข Other authors in publisherโ€™s backlist participate on the site as well
   โ€“ Each site is equipped for sharability of content, monetization via
     advertising, community store, and co-branded opportunities.
   โ€“ Sells cookbooks from the publisher, but also other products as
     well
Questions?
Thank you!

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The Future of the Cookbook

  • 1. The Future of the Cookbook Tools of Change Tuesday, February 14, 2012 #TOCfuturecook
  • 2. Todayโ€™s Panelists โ€ข Adam Salomone - Associate Publisher, The Harvard Common Press โ€“ @hcpdishes โ€ข Jesse McDougall โ€“ Co-Founder, Catalyst Webworks โ€“ @jsmcdougall โ€ข Ronny Golan โ€“ Founder, BookPulse โ€“ @bookpulse
  • 3. Why the โ€œfuture of the cookbook?โ€ โ€ข Tremendous growth in consumer interest regarding an understanding of food, cooking technique and food ways, etc. โ€ข Concurrent growth in the breadth and depth of content available online โ€ข Food blogs, websites and technology plays โ€ข Publishers need to rethink the ways in which they deliver content โ€ข Current e-distribution methods are either too expensive (apps) or ill-suited for use in the kitchen (ebooks) โ€ข The proliferation of digital options means consumers are willing to pay less and less for content (i.e. free recipe websites) โ€ข Publishers cannot keep up with content generation in the digital world
  • 4. Three Avenues of Exploration โ€ข Content โ€“ What are the ways in which publishers can rethink content generation to make publishing cycles faster and more responsive to trends? โ€ข Monetization โ€“ How are cookbooks suited to new monetization opportunities both inside and outside of the book? โ€ข Social engagement โ€“ Consumers are more interested in talking about food and cooking online โ€“ Connection to brands, personalities and authors
  • 5. Content Generation โ€ข Curated content generation vs user content generation โ€“ Hybrid model โ€“ Food52 โ€“ AllRecipes.com, Meredith acquisition โ€ข Trend cycles, how can publishers take advantage of new trends? โ€“ Food bloggers โ€“ UGC โ€ข How can publishers blend the print and the online world? โ€“ Enhanced content? โ€“ Cross-media usages โ€“ Repurposed content initiatives โ€ข How is the authorโ€™s role changing with content creation?
  • 6. Monetization โ€ข Monetization inside the book โ€“ Ad-based revenue models โ€“ Co-branded cookbooks (i.e. the new โ€œcustom pubโ€) โ€“ Affiliate supported โ€œstoresโ€ inside the book โ€ข Can the book become the equivalent of a cooking store between two covers? โ€ข Monetization outside of the book โ€“ Individual recipes โ€“ Recipe bundles โ€ข In-print vs electronic โ€“ Web/Subscription-based opportunities โ€ข Curating cooking verticals, seeded with recipe content. โ€ข What aspects of a recipe do you think consumers are most willing to pay up for? โ€“ Content, voice, narrative โ€“ Functionality โ€ข Do you think thereโ€™s a meaningful difference between curated content and non-curated when charging for individual recipes? โ€“ Do free online recipes complicate the process of recipe monetization?
  • 7. Social Engagement โ€ข Examples of social engagement โ€“ Book-centric opportunities โ€ข Commenting, annotation, in-book cooking demos โ€“ Food platforms outside of the book โ€ข Specific platforms for engagement โ€ข Community-building, acquisitions, content shareability. โ€ข Author involvement in outreach โ€“ Personalities and brands โ€“ Connection โ€ข How food bloggers fit into that social community โ€“ Gatekeepers
  • 8. Case Study: The Online Food Publisher โ€ข What is the cookbook publisher of the future? โ€ข How about this: โ€“ Online publishing house โ€“ Uses backlist of recipes to seed content across 5- 6verticals, oriented around one major food site โ€ข Health, barbecue, cocktails, baking, etc โ€“ Author acts as โ€œeditorial director / community managerโ€ โ€ข Curates content from other sites in their vertical, works with bloggers to bring in new content โ€ข Other authors in publisherโ€™s backlist participate on the site as well โ€“ Each site is equipped for sharability of content, monetization via advertising, community store, and co-branded opportunities. โ€“ Sells cookbooks from the publisher, but also other products as well