The Way Forward
Agenda
Defining TG
Pricing
Model
Market Place
Recommendations
Promotional
Strategy
Product
Strategy
Primary
Research
Digital Activation
Impact
The Problem
1. Users need reliable quality content
2. Content is available
3. Content is a slave to advertising
4. Quality & reliability of content is in question
The Solution
Short Term Solution: Instill behavior wherein users pay for
quality content they consume
Long Term Solution: Encourage trustworthy content for
users, who can signal satisfaction through buying decisions,
by providing an alternative stable source of revenue to
content creators in the form of paywalls.
Consumer Behavior – a Survey
18-25 years | 100 Responses
(60% participants
were 25-30 years)
60% 40%
47% 41%
12%
Personal
Educational
Professional
Purpose of
buying content
Do you ever pay to consume content?
(Movies/ music/ journals/ blogs/ articles)
1
Yes,
I often pay
for the
content I consume
No,
there is so much
free content
around, what’s the
need to pay?
40%60%
56%
Educational
Articles, Journals,
Books, Courses
Music/
Movies/
Videos
41%
3% ----Articles, Images---
2
Given the same content,
which format will you buy?
71%
23%4%
Audio
Text Video
34
How convenient do you think paying
For each article you read is?
43% 40% 15%
It’s Okay It’s a pain It’s Easy
5
Why do you pay?
37% 33% 25%
I feel paid content is
personalized and I don’t pay for
the content I don’t want
I feel paid content
is more authentic/
exclusive
I feel I am supporting writers/
academicians and other creative souls
who generate this content
6
Consumer Behavior – a Survey
Who is our target?
Global – 18+ years of age, Digital/ Tech Savvy,
Looking for access to quality journalism,
conditioned to pay for access to content
India – 18- 40 years of age, Looking for
Educational/ Career related specialized
information, not conditioned to paying for access
to content
What people seek?
Value Convenience
Insight
Urgency Scarcity Authority
People are willing to pay for content which boasts
of at least one of these features
Target: Demand or Supply?
Supply
Relatively better
ROI
Demand
In a chicken-and-egg
situation, we believe that
SUPPLY is the right way
to go to create a pull-
effect.
What sells is quality.
Until quality is assured,
generating demand is
challenging.
More importantly, good
quality supply drives higher
and sustainable demand.
Defining the ‘Suppliers’ Incentive
We become a platform that empowers content
creators to be regarded as domain experts
Through a rating system for suppliers of
content, which will ensure quality due to a
constant feedback mechanism (Differential
pricing)
- Champion
- Ninja
- Pro
The Role we Play: This can work in India!
Placement-specific content targeted to students and professionals
seeking unique expertise
1
2
Tie up with top-rated Quora authors to source specialized content that has
external marketability
3
Tie up with educational institutes to offer study materials and unique
research articles
The Role we Play: The US & Markets Abroad
Tie-up with NY Times, Washington Post, Wall Street Journal, in order to
maintain competitive edge with Blendle
1
2
Access to Exclusive Pieces from Industry experts, relevant for the target
audience
Eg: A piece from Elon Musk in Silicon Valley will find major audience among
budding entrepreneurs
3
Culturally relevant pieces for immigrants living away from home, fulfilling
feelings of Nostalgia and patriotism Eg: Raghuram Rajan
Product: The Big Idea
‘My Knowledge Playlist’
Authors &
Bloggers
Domain
Experts
Sourced from
Pricing: Prospect Theory
Gains
Price
Losses 2502x25
Building a piece-meal
payment behaviour
Is it convenient to keep making small
payments?
Pay as You Go: Induces TRIAL
Pay in One Go: Ensures Stickiness
CASH SUBSCRIPTIONS
Pay as you Go, but Conveniently.
Small losses hurt (proportionally more) than big losses.
- Kahneman & Tversky (1974)
Promotion
Educational
Institutes
and Events
B2B
Engagements
as mass
Suppliers of
content
Cross-
promotions
with
Influential
Bloggers
Tie ups with
“App of the
Day”
Vendors
App Store
Optimization
Paid ‘Install’
Ads
Improving
Website
Ranking/
SEO
Facebook/
Twitter as
Awareness
Platforms
LinkedIn as
Awareness
cum Lead
Generation
Platform
Push
Pull
Create
Urgency:
Days left and
views/buys
Activation
Social Media
Sep 18-20
Strategy and Goals
Increase
Awareness
Engage with
Target
Audiences
Educate
Potential
Consumers
Drive
Website
Visits
Content on Facebook and Twitter was geared to introduce Glossaread to a wider
audience and get people to want to know more and try it, as both content
consumers and creators
Content Approach
Link to the
website on all
posts and running
paid website click
ads
Integrated Content
across all social
platforms in order to
increase
engagement and
recall
Use of minimalist
design with more
visual impact and very
little text
Resonate
Using images of
food and other
items to draw a
parallel to
Glossaread
Facebook
Twitter
On Twitter we got an influencer on
board to talk about and engage with
the brand, generating far higher
engagements than paid tweets could
have
Chhota Batman
@Mooziek
Instagram
We launched Instagram for
Glossaread as it’s an important
platform for the creative types,
the hedonic content
consumers and creators, we
used hashtags to drive
engagements without media
spends
Results
Gained
25 followers
in 2 days organically
Top Tweets earned
3,874 impressions
Top mention earned
24 engagements
2395 Website clicks
54000+ People Reached
7000+ Engagements
Questions?
THANK YOU

Digibites_Team PPT

  • 1.
  • 2.
  • 3.
    The Problem 1. Usersneed reliable quality content 2. Content is available 3. Content is a slave to advertising 4. Quality & reliability of content is in question
  • 4.
    The Solution Short TermSolution: Instill behavior wherein users pay for quality content they consume Long Term Solution: Encourage trustworthy content for users, who can signal satisfaction through buying decisions, by providing an alternative stable source of revenue to content creators in the form of paywalls.
  • 5.
    Consumer Behavior –a Survey 18-25 years | 100 Responses (60% participants were 25-30 years) 60% 40% 47% 41% 12% Personal Educational Professional Purpose of buying content Do you ever pay to consume content? (Movies/ music/ journals/ blogs/ articles) 1 Yes, I often pay for the content I consume No, there is so much free content around, what’s the need to pay? 40%60% 56% Educational Articles, Journals, Books, Courses Music/ Movies/ Videos 41% 3% ----Articles, Images--- 2 Given the same content, which format will you buy? 71% 23%4% Audio Text Video 34
  • 6.
    How convenient doyou think paying For each article you read is? 43% 40% 15% It’s Okay It’s a pain It’s Easy 5 Why do you pay? 37% 33% 25% I feel paid content is personalized and I don’t pay for the content I don’t want I feel paid content is more authentic/ exclusive I feel I am supporting writers/ academicians and other creative souls who generate this content 6 Consumer Behavior – a Survey
  • 7.
    Who is ourtarget? Global – 18+ years of age, Digital/ Tech Savvy, Looking for access to quality journalism, conditioned to pay for access to content India – 18- 40 years of age, Looking for Educational/ Career related specialized information, not conditioned to paying for access to content
  • 8.
  • 9.
    Insight Urgency Scarcity Authority Peopleare willing to pay for content which boasts of at least one of these features
  • 10.
    Target: Demand orSupply? Supply Relatively better ROI Demand In a chicken-and-egg situation, we believe that SUPPLY is the right way to go to create a pull- effect. What sells is quality. Until quality is assured, generating demand is challenging. More importantly, good quality supply drives higher and sustainable demand.
  • 11.
    Defining the ‘Suppliers’Incentive We become a platform that empowers content creators to be regarded as domain experts Through a rating system for suppliers of content, which will ensure quality due to a constant feedback mechanism (Differential pricing) - Champion - Ninja - Pro
  • 12.
    The Role wePlay: This can work in India! Placement-specific content targeted to students and professionals seeking unique expertise 1 2 Tie up with top-rated Quora authors to source specialized content that has external marketability 3 Tie up with educational institutes to offer study materials and unique research articles
  • 13.
    The Role wePlay: The US & Markets Abroad Tie-up with NY Times, Washington Post, Wall Street Journal, in order to maintain competitive edge with Blendle 1 2 Access to Exclusive Pieces from Industry experts, relevant for the target audience Eg: A piece from Elon Musk in Silicon Valley will find major audience among budding entrepreneurs 3 Culturally relevant pieces for immigrants living away from home, fulfilling feelings of Nostalgia and patriotism Eg: Raghuram Rajan
  • 14.
    Product: The BigIdea ‘My Knowledge Playlist’ Authors & Bloggers Domain Experts Sourced from
  • 15.
    Pricing: Prospect Theory Gains Price Losses2502x25 Building a piece-meal payment behaviour Is it convenient to keep making small payments? Pay as You Go: Induces TRIAL Pay in One Go: Ensures Stickiness CASH SUBSCRIPTIONS Pay as you Go, but Conveniently. Small losses hurt (proportionally more) than big losses. - Kahneman & Tversky (1974)
  • 16.
    Promotion Educational Institutes and Events B2B Engagements as mass Suppliersof content Cross- promotions with Influential Bloggers Tie ups with “App of the Day” Vendors App Store Optimization Paid ‘Install’ Ads Improving Website Ranking/ SEO Facebook/ Twitter as Awareness Platforms LinkedIn as Awareness cum Lead Generation Platform Push Pull Create Urgency: Days left and views/buys
  • 17.
  • 18.
    Strategy and Goals Increase Awareness Engagewith Target Audiences Educate Potential Consumers Drive Website Visits Content on Facebook and Twitter was geared to introduce Glossaread to a wider audience and get people to want to know more and try it, as both content consumers and creators
  • 19.
    Content Approach Link tothe website on all posts and running paid website click ads Integrated Content across all social platforms in order to increase engagement and recall Use of minimalist design with more visual impact and very little text Resonate Using images of food and other items to draw a parallel to Glossaread
  • 20.
  • 21.
    Twitter On Twitter wegot an influencer on board to talk about and engage with the brand, generating far higher engagements than paid tweets could have Chhota Batman @Mooziek
  • 22.
    Instagram We launched Instagramfor Glossaread as it’s an important platform for the creative types, the hedonic content consumers and creators, we used hashtags to drive engagements without media spends
  • 23.
    Results Gained 25 followers in 2days organically Top Tweets earned 3,874 impressions Top mention earned 24 engagements 2395 Website clicks 54000+ People Reached 7000+ Engagements
  • 24.

Editor's Notes

  • #4 Advertising decreases quality
  • #5 Advertising decreases quality
  • #8 Advertising decreases quality
  • #10 Exclusivity
  • #12 A substitute for rare facetime with experts and unique insights
  • #13 A substitute for rare facetime with experts and unique insights
  • #14 A substitute for rare facetime with experts and unique insights