Difference between revisions of "Advisortising"

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individual, differentiated users, deliver them a highly customized user
 
individual, differentiated users, deliver them a highly customized user
 
experience and deliver them accurately to marketers with messages relevant
 
experience and deliver them accurately to marketers with messages relevant
to them.</big>
+
to them.
 
+
<br><br>
Problem is, Google and Facebook know this, and have thousands of
+
A problem is -- Google and Facebook know this, and have thousands of
 
engineers working on achieving it. The **only** way the news industry
 
engineers working on achieving it. The **only** way the news industry
 
remains a coherent industry is if it collaboratively works on this
 
remains a coherent industry is if it collaboratively works on this
 
challenge, with or without tech partners.
 
challenge, with or without tech partners.
 +
<br><br>
  
 
That's why the [http://newshare.com/ite/report.pdf Information Trust Exchange] is at least necessary
 
That's why the [http://newshare.com/ite/report.pdf Information Trust Exchange] is at least necessary
 
(although not necessarily sufficient) to the survival of the news
 
(although not necessarily sufficient) to the survival of the news
industry.
+
industry.</big>

Revision as of 21:46, 15 February 2015

This page introduces the word "advisortising" -- a term coined by Bill Densmore in May 2011 to describe the future marketing beyond mass markets, when commercial messages must be in the form of personalized advice.

READ MORE:

Journalism is expensive, and mass-market Web advertising alone will not sustain it. Rather, news organizations must become adept at “advisor-tising” — in other words, offering a service that allows permission-based sharing of commercial messages with individual users based on their expressed interests and needs.

News organizations need to to come up with a completely different revenue model to support third-party product and service marketing -- "advisor-tising." No newspaper is ever going to make a business with $1M CPMs the way Google and Facebook can. They won't have the audience size.

So they are going to have to slice and dice their audience down to individual, differentiated users, deliver them a highly customized user experience and deliver them accurately to marketers with messages relevant to them.

A problem is -- Google and Facebook know this, and have thousands of engineers working on achieving it. The **only** way the news industry remains a coherent industry is if it collaboratively works on this challenge, with or without tech partners.

That's why the Information Trust Exchange is at least necessary (although not necessarily sufficient) to the survival of the news industry.