Archive for the ‘beats’ tag
1,000 true fans
I’ve been parroting Kevin Kelly’s “1,000 true fans” model so much recently that I forget how many people still haven’t heard it. If you haven’t, take a moment and read the concept. Here’s a taste:
To raise your sales out of the flatline of the long tail you need to connect with your True Fans directly. Another way to state this is, you need to convert a thousand Lesser Fans into a thousand True Fans.
Assume conservatively that your True Fans will each spend one day’s wages per year in support of what you do. That “one-day-wage” is an average, because of course your truest fans will spend a lot more than that. Let’s peg that per diem each True Fan spends at $100 per year. If you have 1,000 fans that sums up to $100,000 per year, which minus some modest expenses, is a living for most folks.
I’m convinced this is one of the best ways to approach the question of business models on the Web. News industry conversations about “the business model” tend to settle somewhere near here: “News-oriented websites have a future … but traffic needs to be above 200 million pageviews per month.”
When you eye the Web through the lens of pageviews and uniques and CPMs, 1,000 of anything seems ridiculously paltry. But if your 1,000 “unique visitors” derive value from the work you create, or if you can find advertisers who value the attention of that community, that might be enough for you to make a living. And if your company comprises a number of individuals, each attending to her 1,000 True Fans, this even starts to look like a business.
And if your 1,000 True Fans are motivated enough by your work to effect change in their communities, this even begins to resemble Journalism.
BTW: This principle dovetails nicely with Caterina Fake’s philosophy that you build a real community by greeting each early user at the door. Among the most essential skills that I believe must be taught to tomorrow’s journalists is community management — a skill entirely lost in today’s discussions about newsroom training. Technical training will be obsolete in a year. But the best community managers on the Web today employ principles refined over a long history of community leadership.
BTW 2: Make sure to read Kelly’s follow-up essay, “The case against 1,000 True Fans,” in which he addresses the practical realities of approaching a business this way. But consider that all of his case studies involve artists, whose work is valued even more abstractly than the work of journalists.
In search of great questions
Earlier this year, I posted that I wanted to see more focused discussions about journalism’s future:
If what we want to ask is “How can we save serious, detailed, local investigative journalism?” then I suspect we can have a more focused and productive conversation if we actually asked that question. Ditto if the question is “How can we make sure the local school board meeting is covered?” When folks rightly say that there’s not going to be a one-size-fits-all answer to the problems plaguing journalism, it’s because we lack even a one-size-fits-all question. “How do we save The Newspaper?” certainly isn’t it.
I’ve been hearing fewer how-do-we-save-the-newspaper-ish questions recently, but I’m still picking up conversations like, “What’s the business model for journalism?” So I figure that instead of railing against the questions I’m not impressed by, I’ll volunteer some questions that do nag at me.
I’m interested in being somewhat methodical about this. Again, journalism isn’t science. But an effort to quantify what we might be missing (or in danger of missing) could help us focus our efforts to provide it.
What are the most valuable functions currently performed by news organizations that are imperiled by the transition to digital?
We shall bicker about the “most valuable” component of this question, but I think a little bickering now-and-then is good. More on that in a second. Meanwhile, I’m especially keen on a focus on functions, rather than institutions or processes.
How might we measure the value of these functions?
I’m very curious about this. It seems distastefully clinical, but nonetheless really intriguing. Have there been efforts to measure the value of different journalistic functions? We know a free press correlates strongly with lower corruption. Do we know whether more journalists equals less corruption? If so, is there a sort of margin of diminishing results beyond which the number of journalists per capita doesn’t matter? Does journalism training affect the equation? Is publicly-funded journalism as effective at suppressing corruption as privately-funded journalism?
Outside of corruption, are there other measurable advantages of journalism? What effect do crime reporters have on crime? Does art criticism beget better art? Without the business press, would the meltdown have been worse?
If we could begin to quantify the value journalism provides, I think we could more effectively support it. The current prevailing argument — “Without news organization X, you wouldn’t have had investigation Y” — is acquiring the flavor of Senator McCain’s POW story circa September. If we could make the case that crime coverage tends to suppress crime, we’ve got a great marketing pitch for a community to come together and find some way to support a crime reporter.
What functions have been neglected by news organizations that we should account for in this transition?
I think we digital triumphalists have done a pretty good job of pointing out many of these. Someone should start cataloguing the sorts of brand-new functions tomorrow’s journalism is already starting to perform: like creating a place for communities to coalesce around the news and helping communities organize in the midst of a crisis.
What models of support might map well to each of these functions?
If we’re serious about building a sustainable journalistic infrastructure, I think this question will get us further than almost any other. We have plenty of evidence that different journalistic functions will map better to particular support models. Investigative journalism is already beginning to incline towards a non-profit, philanthropic model. Education reporting might be given to an advertising model of some kind. If we can begin to catalogue different models functioning effectively in different situations, we might be able to answer questions like, “What options should a health industry reporter in Minneapolis pursue to acquire support?”
How should these functions evolve to meet the opportunities afforded by digital media?
Plenty of experimentation on this front is already occurring, of course. As more beats start moving online in force, I cannot wait to see what results. Crime journalism saw the beginnings of a revolution with the dawn of ChicagoCrime.org. Talking Points Memo broke new ground in investigative journalism. Which niches remain untransformed? How do we transform them?
Update: Will tweets along a couple of questions: “Is what journalists value the same thing as what ‘readers’ value?” “How can we monetize it online without it sucking, or whats the next Craigslist?”
Give a reporter five minutes …
I just sat in on a budget meeting/class at the Columbia Missourian, where the topic du jour was city planning and zoning. City editor Scott Swafford gave a wonderfully informative 30-minute spiel on the basics of Columbia zoning.
More than almost anything else, zoning determines a place’s character - what its neighborhoods will feel like, how vibrant its downtown will be. Many of the most arresting local stories originate on this beat, as residents’ notions of what their city can become clash and fuse with each other.
But many zoning stories also dull readers with droning accounts of arcane city planning processes, byzantine rules and obscure details. Scott distilled some of those rules and processes down to a perfectly digestible essence in his 30-minute lecture, explaining, for example, what it means for a parcel of land to be designated “C-3″ (general business district). He also walked through the evolution of the principles that now govern zoning in the city of Columbia, giving us a useful backgrounder on the current hot topics and what they mean for the future of the place.
I couldn’t help but think that most residents of the city probably don’t know this information, but would find it fascinating. That’s the type of information reporters and editors often possess in spades, but it appears in their work only in sporadic trickles. If we could easily deliver this sort of background to our audiences, I think we could create a market for more information on this topic, and rescue our zoning stories from the page B4 backwater where they currently fester.
In the coming days, I’ll write more about the information surplus that news organizations enjoy (but don’t employ).
