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The Future of the Cookbook

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