Subscribe
for just...
plus
You reach out to your readers by embracing a multi-channel strategy. Connect with them by embracing the link, and by demonstrating your value on things that matter to them
The big question every media company is asking themselves is: "How much of our traffic can we convert into paying subscribers?"
I, too, asked this question when I was planning Baekdal Plus. Could this be a viable business model, or would people just go away and never return? We have all seen the catastrophic effect it had on Murdoch's Times of London. And conversion rates for other newspapers haven't been that impressive either.
No doubt it is exceptionally hard to get people to pay for content.
One big problem is that media companies apply traditional conversion metrics to their online audience. Murdoch believed that he could convert 5% of his visitors. It turned out that the number was much closer to 0.5%. Gigaom has a 0.3% conversion rate and Financial Times has a 1.7% conversion rate.
So, in this article I am going to illustrate how much of your online audience you are likely to convert, based on the calculations I made before launching Baekdal Plus.
Let us start with a nice round number-like one million absolute unique visitors. How many of those will turn into subscribers?
Register to try out Baekdal Plus completely for free for one week.
Baekdal Plus is your premium destination for trends and analysis for the media industry. Every year you get 25 reports about the future media trends, business and editorial strategies, monetization analysis and insights about how to use analytics specifically for publishers.
As a subscriber, you also get full access to all the Plus reports (more than 200) published over the past 8 years, as well as the ability to share what you read.
Yes, of course, please write to plus@baekdal.com and I will send you a regular invoice that you can pay via your bank. I will need your company name, address and VAT number (if within the EU). Also, please note that due to this process being manual, this will be for an annual subscription only.
Yes, please write to plus@baekdal.com for details. But for 25-99 users: the price is 20% off the subscription price ($79/year per user), 100+ users is a fixed price at $5,000 (for all combined).
Yes, please head over to Baekdal Media to read about consulting where I can help you with strategy reviews, trend and strategy reports, and strategic guidance for you media company or a specific publication.
What service do we actually provide as newspapers?
Free for subscribers
...or full access for $9
Free for subscribers
...or full access for $9
Free for subscribers
...or full access for $9
Free for subscribers
...or full access for $9
What should women who want to start an independent publication think about?
Free for subscribers
...or full access for $9
In a health crisis, the worst thing we can do is to report about it as just another news story.
Free for subscribers
...or full access for $9
What tactics should independent journalists focus on?
Free for subscribers
...or full access for $9
The trend of independent media has never been stronger, but what exactly should your strategy be?
Free for subscribers
...or full access for $9
Free for subscribers
...or full access for $9
People often talk about the objectivity of the press, but few understand what that really means.
Free for subscribers
...or full access for $9
Founder, media analyst, author, and publisher. Follow on Twitter
"Thomas Baekdal is one of Scandinavia's most sought-after experts in the digitization of media companies. He has made himself known for his analysis of how digitization has changed the way we consume media."
Swedish business magazine, Resumé
plus
plus
plus
plus
free
plus