Yesterday, Fred Wilson made a good post on monetizing content. However one point he did not touch upon is how much would people really pay. Hope Fred will put up a poll for that.
Anyhow, my idea is to pay somewhere in the range of $10-20/year for the year to publications like NyTimes. WSJ’s pricing($150/year) is out of the reach for the most. Besides the cost, i think there can be another reason high priced model will not work:
From my experience in news content creation at StartupSquad.com, any time there is money to be made from content, there is stiff competition. As, companies like NyTimes move towards a paid model, you will see rise of smaller players, that will scrape, rephrase and publish NyTimes content, and making easy Ad dollars.
So, as a user you would have 2 options –
- Pay $100-$150 to NyTimes
- Pay nothing to a blog that reports perfect human generated(meaning not a dumb copy paste bot) news 5-15 minutes late
I will take the option 2.
Filed under: Freemium