New Media Alchemy

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Björn Jefferys presentation at INJO4, Stanford University

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INJO4

INJO421 May 2007

Presentation

Presentation★Björn Jeffery

Presentation★Björn Jeffery

★ Internet Strategist at Good Old

Presentation★Björn Jeffery

★ Internet Strategist at Good Old

★Founder of two of Swedens larger blogs, Manolo.se and Discobelle.net

Presentation★Björn Jeffery

★ Internet Strategist at Good Old

★Founder of two of Swedens larger blogs, Manolo.se and Discobelle.net

★Previously at SVT, GP and Sydsvenskan

New Media Alchemy

New Media AlchemyTurning internet currency into gold

Key question

Key question

★How can you convert parts of your business into new streams of profit?

Profit streams

Profit streams★Advertising

Profit streams★Advertising

★Subscriptions

Profit streams★Advertising

★Subscriptions

★Sales

No visitors, no money

No visitors, no money

★The more the merrier, and the more loyal and active the better

The equation

The equation

Media

The equation

Media

Me

The equation

MediaCurrency

Me

The equation

MediaCurrency

Web site TrafficActivity

Me

The equation

MediaCurrency

Web site TrafficActivitySubscriptionsSales

Me

The equation

MediaCurrency

Web site TrafficActivity

RevenueAdvertisers

SubscriptionsSales

Me

Currency

CurrencyWhat to trade in the internet economy

8 types of currency

8 types of currency★Content

8 types of currency★Content

★Web site traffic

8 types of currency★Content

★Web site traffic

★Enhanced user experience

8 types of currency★Content

★Web site traffic

★Enhanced user experience

★ Identity

8 types of currency★Content

★Web site traffic

★Enhanced user experience

★ Identity

★Values

8 types of currency★Content

★Web site traffic

★Enhanced user experience

★ Identity

★Values

★Exposure

8 types of currency★Content

★Web site traffic

★Enhanced user experience

★ Identity

★Values

★Exposure

★Brand loyalty

...that was only 7?

...that was only 7?★Money!

1. Content

1. Content★Delivery: Content for consumption

1. Content★Delivery: Content for consumption

1. Content★Delivery: Content for consumption

★Barter: Content for traffic/content

1. Content★Delivery: Content for consumption

★Barter: Content for traffic/content

1. Content★Delivery: Content for consumption

★Barter: Content for traffic/content

★Subscription: Content for cash

1. Content★Delivery: Content for consumption

★Barter: Content for traffic/content

★Subscription: Content for cash

2. Traffic

2. Traffic★Barter: Traffic for traffic

2. Traffic★Barter: Traffic for traffic

3. Enhanced User Experience

3. Enhanced User Experience

★Actions that improve user experiences, and the entire site

3. Enhanced User Experience

★Actions that improve user experiences, and the entire site

4. Identity

4. Identity ★Possibilities for users to strengthen their

identities within a community

4. Identity ★Possibilities for users to strengthen their

identities within a community

4. Identity ★Possibilities for users to strengthen their

identities within a community

4. Identity ★Possibilities for users to strengthen their

identities within a community

5. Values

5. Values★Enabling people to support their values

and what they believe in

5. Values★Enabling people to support their values

and what they believe in

6. Exposure

6. Exposure★Exposure to the right people is worth a lot

6. Exposure★Exposure to the right people is worth a lot

7. Brand loyalty

7. Brand loyalty★People that love a brand will love it forever

- if it acknowledges them

7. Brand loyalty★People that love a brand will love it forever

- if it acknowledges them

8. Money

8. Money★Paying people tends to be a good

incentive for activity

8. Money★Paying people tends to be a good

incentive for activity

Finding the conversion rate

Finding the conversion rate

★The rate is different for every market - competition in all fields

Finding the conversion rate

★The rate is different for every market - competition in all fields

★Blue Ocean Strategy: where can you create a unique offer?

The key

The key★New Media profit is created:

The key★New Media profit is created:

★by offering your visitors the currency that costs you the least...

The key★New Media profit is created:

★by offering your visitors the currency that costs you the least...

★ ...and gives them the most

Thanks!

Keep in touch!

Keep in touch!★E-mail: bjorn.jeffery@goodold.se

Keep in touch!★E-mail: bjorn.jeffery@goodold.se

★Blog: http://www.goodold.se/blog/trend/

Keep in touch!★E-mail: bjorn.jeffery@goodold.se

★Blog: http://www.goodold.se/blog/trend/

★Skype: bjornjeffery

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