The Globe and Mail published an interesting article titled The Future of the Magazine, on glossy magazine’s foray into the digital world of the Internet.

I don’t want to paraphrase the article, you should read it instead. Obviously, the main question that the article explores, and drives magazine publishers mad, is “how to make money online”. An interesting approach is to include the digital views in the base advertisement rates: that is count the eyes viewing the digital magazine and include these in the ad-viewership number, which eventually determines ad rates.

A complementary approach is to create what I would call “digitally augmented ads”, that is, ads that provide digital features and charge extra fees for these features. For example, embed in the digital version of the ad a video that users can click on and view or embed a website links such that users can be drawn to visit the site of the advertiser. It seems like this idea is actually already gained ground:

Advertisers can pay extra for digital features, such as a tag the user taps to go to the product website or to watch a video ad. Out of approximately 180 ad pages in the December GQ, more than three-quarters included one of these extras.

The big plus of the Internet is that all these new techniques can actually be precisely measured and monitored. It’s easy to measure the viewership numbers, and it’s easy to measure the number of viewers interacting with these digitally augmented ads. This is one of the biggest strengths of the Internet vs traditional print media, and it is one of the foundations of the business model of Internet advertisement giants, such as Google.

These digital augmented ads are nice and dandy for publishing giants such as Conde Nast, News Corp or our local Rogers, Transco and Quebecor, but what about small independent publishers that don’t have the technical or financial means to implement such online advertisement strategies?

It’s a tough question to answer, and I want to keep that for another post.

Please share your thoughts

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